Gasoline (20230718): There are fewer transactions in large orders, and refinery shipments are slow

Gasoline: there are fewer large orders, and refinery shipments are slow

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230717	America	WTI	74.15	-1.27
20230717	The United Kingdom	Brent	78.5	-1.37

 

Gasoline price index

On July 18, China's gasoline price index fell 22.08, or 0.25%, to 8863.12, while China's gasoline price index fell 13.34, or 0.15%, to 9174.06. 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 310.94.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in various regions of China are stable and falling, among which the prices of gasoline in South China and Southwest China and in Northeast China are reduced by 20-100 yuan per ton. Other regions are mostly arranged within a narrow price range. The ex-factory price of georefining has been reduced in a narrow range, among which the price of gasoline in Shandong, North and East China and northwest China has been reduced by a range of 30-60 yuan per ton. The prices of gasoline in Central China, Northeast China and Northwest China are temporarily stable. At present, the turnover of China's gasoline market is moderate, the downstream stage replenishment has come to an end, the number of middlemen is reduced, and the purchasing enthusiasm is not high. Refinery shipments are slow, and price cuts and promotions in areas with poor sales stimulate shipments. On the whole, the buying and selling atmosphere in the market is not as good as expected, and the number of large orders is less.

 

July 18 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.17	Price 7.18	Rise and fall
North China region	92#	8650-9070	8650-9070	0/0
	95#	8700-9350	8700-9350	0/0
South China	92#	8800-9100	8700-9100	-100/0
	95#	9000-9400	8950-9400	-50/0
Central China	92#	8550-9100	8550-9100	0/0
	95#	8750-9300	8750-9300	0/0
East China region	92#	8600-9300	8600-9300	0/0
	95#	8800-9650	8800-9650	0/0
Northwestern region	92#	8750-9760	8750-9760	0/0
	95#	8950-10330	8950-10330	0/0
Southwest China	92#	8900-9400	8850-9400	-50/0
	95#	9150-9850	9130-9850	-20/0
Northeast China	92#	8640-9300	8580-9300	-60/0
	95#	8950-9640	8950-9640	0/0

 

The ex-factory price of gasoline refining on July 18 (RMB / ton)
Area	Gasoline model	Price 7.17	Price 7.18	Rise and fall
Shandong area	92#	8250-8660	8200-8600	-50/-60
	95#	8380-8760	8330-8700	-50/-60
North China region	92#	8400-8720	8350-8670	-50/-50
	95#	8550-8820	8500-8770	-50/-50
Central China	92#	8500-8500	8500-8500	0/0
	95#	8700-8700	8700-8700	0/0
East China region	92#	8300-8410	8270-8360	-30/-50
	95#	8450-8560	8420-8510	-30/-50
Northwestern region	92#	8750-8900	8700-8900	-50/0
	95#	8850-8950	8850-8950	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, two have resumed production after the closure of three oil fields in Libya last week, and oil prices are under pressure. In addition, China's GDP grew 5.5% in the first half compared with the same period last year, and 6.3% in the second quarter compared with the first quarter, which was lower than expected. However, in terms of growth rate, it is essentially a positive support for the crude oil market. From the refinery point of view, the monthly pressure of the refinery increased in the last ten days of the month, the willingness to raise prices was weak, and the volume of shipments was mainly. In addition, at the level of supply and demand, supply still exceeds demand, so it is expected that China's gasoline market will be weak 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 fourth 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.