Gasoline (20230725): surrounded by multiple benefits, with an increase of more than 100 yuan/ton

Gasoline: multiple benefits around, with an increase of more than 100 yuan / ton

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230724	America	WTI	78.74	1.67
20230724	The United Kingdom	Brent	82.74	1.67

 

Gasoline price index

On July 25, China's gasoline price index rose 43.08, or 0.48%, to 8950.02, while China's gasoline price index rose 52.55, or 0.57%, to 9267.85. 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 317.83.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in various regions of China are stable and relatively strong, among which the prices of gasoline in North China, Central China, East China and Southwest China, as well as those in Northeast China and South China have increased by 50-200 yuan per ton. Gasoline prices in other areas have been sorted out. In addition to the northeast region, the ex-factory price of gasoline in other areas has increased by 100-200 yuan per ton, which is gratifying. At present, trading in China's gasoline market is heating up, crude oil closed higher overnight, bullish sentiment in the middle and lower reaches increased, appropriate replenishment. Refinery inventory is relatively low and there is a lot of room for pitching price. Refineries in less stressed areas have raised their quotations several times.

 

July 25 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.24	Price 7.25	Rise and fall
North China region	92#	8650-9070	8750-9200	100/130
	95#	8700-9380	8900-9500	200/120
South China	92#	8900-9200	8900-9200	0/0
	95#	9100-9500	9150-9500	50/0
Central China	92#	8650-9000	8850-9030	200/30
	95#	8800-9200	8980-9230	180/30
East China region	92#	8700-9300	8750-9300	50/0
	95#	8900-9650	9000-9650	100/0
Northwestern region	92#	8800-9760	8800-9760	0/0
	95#	9000-10330	9000-10330	0/0
Southwest China	92#	8950-9400	9050-9400	100/0
	95#	9200-9830	9270-9830	70/0
Northeast China	92#	8700-9300	8750-9300	50/0
	95#	9100-9640	9100-9640	0/0

 

July 25 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 7.24	Price 7.25	Rise and fall
Shandong area	92#	8310-8700	8450-8830	140/130
	95#	8450-8800	8650-8950	200/150
North China region	92#	8470-8770	8650-8870	180/100
	95#	8620-8850	8800-8930	180/80
Central China	92#	8610-8610	8760-8760	150/150
	95#	8810-8810	8960-8960	150/150
East China region	92#	8380-8460	8480-8660	100/200
	95#	8530-8610	8630-8810	100/200
Northwestern region	92#	8650-9150	8750-9150	100/0
	95#	8800-8950	8900-9050	100/100
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 increase in summer crude oil demand and superimposed supply tightens the expected support, and international oil prices rise, among which Brent crude oil rises again after breaking through the key level of 80. On the supply side, the supply of gasoline resources in the main units is relatively stable, but the maintenance of local refineries has been adjusted, and the maintenance of local refineries of Xintai Petrochemical, Xinhai Petrochemical and Wudi Xinyue is coming to an end. Liaoning Bora and Qicheng Petrochemical have maintenance plans in early August. On the demand side, China's gasoline demand is stable, plus the oil products upward window opens at 24:00 tomorrow, boosting the gasoline market. Taking a comprehensive view of stable demand and superimposed cost support, it is expected that there is still room for upward 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 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	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.