Gasoline (20230721): 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
20230720	America	WTI	75.63	0.28
20230720	The United Kingdom	Brent	79.64	0.18

 

Gasoline price index

On July 21, China's gasoline price index rose 13.86, or 0.16%, to 8879.56, while China's gasoline price index rose 9.65, or 0.11%, to 9184.75. 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 305.19.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in various regions of China have been raised in a narrow range, with increases of 30-50 yuan per ton in the northwest and southwest regions, as well as in South China and Northeast China. Prices in other regions have been sorted out in the region. The ex-factory price of georefining in most areas is mainly stable, but the price of gasoline in central China has been raised by 30 yuan per ton. At present, the turnover in China's gasoline market is moderate, the downstream stage replenishment time is relatively short, coupled with the heavy upfront mentality, the cautious mentality of traders has increased. But refinery inventories are relatively low in some areas, so refinery quotations remain strong.

 

July 21 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.20	Price 7.21	Rise and fall
North China region	92#	8650-9070	8650-9070	0/0
	95#	8700-9350	8700-9350	0/0
South China	92#	8750-9100	8800-9100	50/0
	95#	9000-9400	9000-9400	0/0
Central China	92#	8650-9050	8650-9050	0/0
	95#	8800-9250	8800-9250	0/0
East China region	92#	8650-9300	8650-9300	0/0
	95#	8850-9650	8850-9650	0/0
Northwestern region	92#	8750-9760	8800-9760	50/0
	95#	8950-10330	9000-10330	50/0
Southwest China	92#	8900-9350	8900-9380	0/30
	95#	9150-9800	9150-9830	0/30
Northeast China	92#	8600-9300	8650-9300	50/0
	95#	9000-9640	9000-9640	0/0

 

July 21 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 7.20	Price 7.21	Rise and fall
Shandong area	92#	8260-8650	8260-8650	0/0
	95#	8400-8790	8400-8790	0/0
North China region	92#	8420-8750	8420-8750	0/0
	95#	8570-8830	8570-8830	0/0
Central China	92#	8580-8580	8610-8610	30/30
	95#	8780-8780	8810-8810	30/30
East China region	92#	8320-8430	8320-8430	0/0
	95#	8470-8580	8470-8580	0/0
Northwestern region	92#	8600-9000	8600-9000	0/0
	95#	8750-8950	8750-8950	0/0
Northeast China	92#	8800-8800	8800-8800	0/0
	95#	9000-9000	9000-9000	0/0

 

Future forecast

In terms of international crude oil, China's imports of crude oil from Russia reached an all-time high in June, and strong data supported the rise in crude oil futures prices. In addition, we need to pay more attention to next week's Fed interest rate meeting. From the point of view of the price adjustment mechanism of refined oil, the price limit is expected to be raised next week, and the news is in a positive direction. From the perspective of Chinese demand, gasoline consumption remains relatively stable, and rigid demand can support it. On the whole, it is expected that China's gasoline market will be sorted out 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 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 seventh 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.