Gasoline (20230711): The market is surrounded by wait-and-see sentiment, and the market is insufficient to purchase and sell

Gasoline: the market wait-and-see mood is around, and the market is not enough to buy and sell.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230710	America	WTI	72.99	-0.87
20230710	The United Kingdom	Brent	77.69	-0.78

 

Gasoline price index

On July 11, China's gasoline price index fell 11.38, or 0.13%, to 8811.50, while China's gasoline price index fell 18.78, or 0.21%, to 9110.06. The 9-month gasoline index and the 9-month gasoline index were both downgraded, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 298.56.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in various regions of China are mixed, with gasoline prices in North China and Central China falling by a range of 30-100 yuan per ton. In the northwest and southwest regions, the gasoline prices of 9 kilograms and 9 kilowatts were raised, with a range of 30-50 yuan per ton. Gasoline prices in other areas are arranged flexibly in the region. The ex-factory price of georefining was reduced in a narrow range, among which the low-end gasoline prices in Shandong and East China, as well as in North China, were reduced by 20-60 yuan per ton. Prices in Central China, Northwest China and Northeast China are temporarily stable. At present, the turnover of China's gasoline market remains weak, rigid demand support is insufficient, and refinery replenishment is not good. But the performance of the main unit varies from region to region. On the whole, the wait-and-see mood of the market revolves around, and the market is insufficient to buy and sell.

 

July 11 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.10	Price 7.11	Rise and fall
North China region	92#	8650-9100	8650-9070	0/-30
	95#	8750-9350	8750-9350	0/0
South China	92#	8750-9100	8750-9100	0/0
	95#	9000-9400	9000-9400	0/0
Central China	92#	8650-9000	8550-8900	-100/-100
	95#	8800-9300	8800-9300	-100/-100
East China region	92#	8500-9050	8500-9050	0/0
	95#	8700-9400	8700-9400	0/0
Northwestern region	92#	8750-9620	8750-9620	50/0
	95#	8950-10180	8950-10180	50/0
Southwest China	92#	8900-9150	8900-9180	0/30
	95#	9150-9600	9150-9630	0/30
Northeast China	92#	8600-9130	8600-9130	0/0
	95#	8950-9640	8950-9640	0/0

 

July 11 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 7.10	Price 7.11	Rise and fall
Shandong area	92#	8350-8600	8300-8600	-50/0
	95#	8500-8820	8500-8780	0/-40
North China region	92#	8390-8750	8370-8760	-20/10
	95#	8520-8850	8520-8860	0/10
Central China	92#	8500-8500	8500-8500	0/0
	95#	8700-8700	8700-8700	0/0
East China region	92#	8430-8510	8370-8490	-60/-20
	95#	8580-8660	8520-8640	-60/-20
Northwestern region	92#	8750-8900	8750-8900	0/0
	95#	8850-8950	8850-8950	0/0
Northeast China	92#	8600-8600	8600-8600	0/0
	95#	8800-8800	8800-8800	0/0

 

Future forecast

From the perspective of international crude oil, the Federal Reserve increased the probability of raising interest rates in July, the market worries remain unabated, international oil prices fell, and cost support weakened. The National Bureau of Statistics announced that the year-on-year decline in the PPI (producer price index) widened to 5.4 per cent in June. The falling PPI index reflects some signs of a slowdown in economic growth. From the demand point of view, the current high temperature or rainy weather is frequent, terminal consumption is restrained to a certain extent, the performance is not as expected, and the demand support is insufficient. From the point of view of the price adjustment mechanism of refined oil, the current round of increase is gradually clear, and the news side is a positive guide. Taken together, China's gasoline market is expected to fluctuate within a narrow range in the short term.

 

 

Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities

Since 24:00 on June 28, 2023, the prices of gasoline and diesel in China (standard products, the same below) have been increased by 70 yuan per ton. After the adjustment, the maximum retail prices of gasoline and diesel in all provinces (autonomous regions and municipalities) and central cities are shown in the attached table. The date of the price adjustment will be 24:00 on June 28th, 2023, the ninth working day in China since the price adjustment was announced by the National Development and Reform Commission.

 

Schedule

Maximum retail price of gasoline and diesel in provinces, autonomous regions, cities and central cities

Unit: yuan / ton

	I. areas with one province and one price
	Gasoline (standard)	Diesel oil (standard)
Beijing	9390	8370
Tianjin	9355	8335
Hebei Province	9355	8335
Shanxi province	9425	8390
Liaoning province	9355	8335
Jilin Province	9355	8335
Heilongjiang province	9355	8335
Shanghai	9370	8340
Jiangsu Province	9410	8375
Zhejiang Province	9410	8390
Anhui province	9405	8385
Fujian Province	9430	8400
Jiangxi province	9410	8395
Shandong province	9365	8345
Hubei province	9380	8360
Hunan Province	9420	8420
Henan province	9375	8355
Hainan province	9500	8470
Chongqing	9570	8545
Guangdong province	9435	8405
Guangxi Zhuang Autonomous region	9500	8470
Ningxia Hui Autonomous region	9360	8335
Gansu province	9340	8355
Xinjiang Uygur Autonomous region	9135	8230
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9370	8350
Chengdu city	9575	8570
Guiyang city	9535	8495
Kunming City	9565	8525
Xi'an city	9340	8345
Xining City	9320	8380

                                                                

Note: 1. The prices in the table include consumption tax, value-added tax, urban construction tax and additional education fees.

2. The prices of gasoline and diesel oil in the table are in line with the compulsory national standards of VIA and Ⅵ in the sixth stage.

3. The sixth stage standard of gasoline and diesel is gasoline and No. 0 vehicle diesel respectively.

4. The prices of gasoline and diesel oil that meet the quality standards of the sixth stage for the national reserve and the Xinjiang production and Construction Corps are 8625 yuan and 7605 yuan per ton respectively, and other relevant oil price policies shall be implemented in accordance with the provisions of the measures for Oil Price Management.