Gasoline (20230717): International crude oil prices fell, and transactions in China's gasoline market moved downward

Gasoline: international crude oil prices fall, Chinese gasoline market transactions move down

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230714	America	WTI	75.42	-1.47
20230714	The United Kingdom	Brent	79.87	-1.49

 

Gasoline price index

On July 17, China's gasoline price index fell 21.53, or 0.24%, to 8885.20, while China's gasoline price index fell 19.51, or 0.21%, to 9187.40. 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 302.20.

 

Gasoline market analysis:

Today, wholesale gasoline prices in various regions of China are mainly falling, with gasoline prices in North China, South China, Central China and East China falling by 50-150 yuan per ton, as well as those in Northeast China. The price of high-end gasoline in southwest China has been raised by 50 yuan per ton. The ex-factory prices of georefining have been sorted out downwards, among which the prices of gasoline in Shandong, North China, Central China and East China have been reduced, as well as those in Northwest China. 80-170 yuan per ton. Gasoline prices in Northeast China remain stable for the time being. At present, the focus of trading in China's gasoline market has shifted downward, the enthusiasm of traders to enter the market has been reduced, and the purchase of rigid demand has been eliminated. The shipping speed of the main units and local refineries slows down, inventory accumulates, and there is some room for negotiation.

 

July 17 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.14	Price 7.17	Rise and fall
North China region	92#	8750-9070	8650-9070	-100/0
	95#	8800-9350	8700-9350	-100/0
South China	92#	8800-9150	8800-9100	0/-50
	95#	9000-9450	9000-9400	0/-50
Central China	92#	8700-9100	8550-9100	-150/0
	95#	8900-9300	8750-9300	-150/0
East China region	92#	8650-9300	8600-9300	-50/0
	95#	8880-9650	8800-9650	-80/0
Northwestern region	92#	8750-9760	8750-9760	0/0
	95#	8950-10330	8950-10330	0/0
Southwest China	92#	8900-9350	8900-9400	0/50
	95#	9150-9800	9150-9850	0/50
Northeast China	92#	8650-9300	8640-9300	-10/0
	95#	8950-9640	8950-9640	0/0

 

July 17 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 7.14	Price 7.17	Rise and fall
Shandong area	92#	8300-8750	8250-8660	-50/-90
	95#	8550-8850	8380-8760	-170/-90
North China region	92#	8480-8880	8400-8720	-80/-160
	95#	8630-8980	8550-8820	-80/-160
Central China	92#	8580-8580	8500-8500	-80/-80
	95#	8780-8780	8700-8700	-80/-80
East China region	92#	8400-8520	8300-8410	-100/-110
	95#	8550-8670	8450-8560	-100/-110
Northwestern region	92#	8750-8900	8750-8900	0/0
	95#	8850-9000	8850-8950	0/-50
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 dollar index rebounded, traders took profits and bearish factors suppressed oil prices. Oil prices began to pullback on Friday after three consecutive rises last week, and opened lower today, with international oil price support weakening. Retail sales of new energy vehicles in China reached 665000 in June, up 25 per cent from a year earlier and 37.68 per cent month-on-month, according to the Federation of passengers. New energy gasoline data continue to impact the gasoline market. From the supply side, it is possible that the starting load of Chinese refineries will continue to increase, and the supply of gasoline resources is relatively abundant. From the demand point of view, the current phased replenishment has come to an end, and market shipments have weakened. Taken together, it is expected that there is still room for downward adjustment in China's gasoline market 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 third 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.