Gasoline (20230714): The main wholesale price has been increased within a narrow range, and the ex-factory price of local refiners has been mainly stabilized

Gasoline: the main wholesale price is raised in a narrow range, and the ex-factory price is mainly stable.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230713	America	WTI	76.89	1.14
20230713	The United Kingdom	Brent	81.36	1.25

 

Gasoline price index

On July 14, China's gasoline price index rose 12.13, or 0.14%, to 8906.74, while China's gasoline price index rose 12.53, or 0.14%, to 9206.91. The 9-month gasoline index and the 9-month gasoline index both rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 300.17.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in various regions of China have been raised by a narrow range, with increases of 50-100 yuan per ton in South China, Central China, East China and Southwest China, mostly concentrated in low-end prices. Gasoline prices in North China, Northwest China and Northeast China remained stable for the time being. The ex-factory price of geo-refinery is mainly stable, among which the gasoline prices of Nine and Nine in North China have been increased by 30 yuan per ton. Gasoline prices in other regions are temporarily stable. At present, the transaction in China's gasoline market is OK, there is a willingness to increase in the areas with less sales pressure, while the social unit gasoline price is relatively stable. The rigid demand of terminal traders is mainly purchasing, the price of gasoline is relatively high, and the downstream resistance psychology emerges.

 

July 14 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.13	Price 7.14	Rise and fall
North China region	92#	8750-9070	8750-9070	0/0
	95#	8800-9350	8800-9350	0/0
South China	92#	8750-9150	8800-9150	50/0
	95#	8950-9450	9000-9450	50/0
Central China	92#	8600-9100	8700-9100	100/0
	95#	8850-9300	8900-9300	50/0
East China region	92#	8600-9300	8650-9300	50/0
	95#	8800-9650	8880-9650	80/0
Northwestern region	92#	8750-9760	8750-9760	0/0
	95#	8950-10330	8950-10330	0/0
Southwest China	92#	8900-9300	8900-9350	0/50
	95#	9150-9750	9150-9800	0/50
Northeast China	92#	8650-9300	8650-9300	0/0
	95#	8950-9640	8950-9640	0/0

 

July 14 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 7.13	Price 7.14	Rise and fall
Shandong area	92#	8300-8750	8300-8750	0/0
	95#	8550-8850	8550-8850	0/0
North China region	92#	8450-8850	8480-8880	30/30
	95#	8600-8950	8630-8980	30/30
Central China	92#	8580-8580	8580-8580	0/0
	95#	8780-8780	8780-8780	0/0
East China region	92#	8400-8520	8400-8520	0/0
	95#	8550-8670	8550-8670	0/0
Northwestern region	92#	8750-8900	8750-8900	0/0
	95#	8850-9000	8850-9000	0/0
Northeast China	92#	8800-8800	8800-8800	0/0
	95#	9000-9000	9000-9000	0/0

 

Future forecast

From the perspective of international crude oil, the market is optimistic about the international crude oil demand, the dollar index falls, and the international oil price rises better. The favorable atmosphere of OPEC+ production reduction continues to surround. From the demand point of view, some areas downstream stage replenishment is basically in place, coupled with the current price is relatively high, wait-and-see mentality increased. As we enter the middle and second half of this month, the sales pressure may be increased, and the room for raising prices in refineries will be reduced. From the point of view of the price adjustment mechanism, the good factors of the last round of upward adjustment are gradually consumed, the expectation of the new round of price adjustment is unknown, and the guidance is limited. Taken together, China's gasoline market is expected to fluctuate up and down in the short term.

 

 

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

Since 24:00 on July 12, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be increased by 155,150 yuan per ton respectively. 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 July 12, 2023, the second 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	9545	8520
Tianjin	9510	8485
Hebei Province	9510	8485
Shanxi province	9580	8540
Liaoning province	9510	8485
Jilin Province	9510	8485
Heilongjiang province	9510	8485
Shanghai	9525	8490
Jiangsu Province	9565	8525
Zhejiang Province	9565	8540
Anhui province	9560	8535
Fujian Province	9585	8550
Jiangxi province	9565	8545
Shandong province	9520	8495
Hubei province	9535	8510
Hunan Province	9575	8570
Henan province	9530	8505
Hainan province	9655	8620
Chongqing	9725	8695
Guangdong province	9590	8555
Guangxi Zhuang Autonomous region	9655	8620
Ningxia Hui Autonomous region	9515	8485
Gansu province	9495	8505
Xinjiang Uygur Autonomous region	9290	8380
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9525	8500
Chengdu city	9730	8720
Guiyang city	9690	8645
Kunming City	9720	8675
Xi'an city	9495	8495
Xining City	9475	8530

                                                                

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 8780 yuan and 7755 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.