Gasoline: The spot market continues to rise, and the market's bullish mentality remains unchanged

Gasoline: the spot market continues to rise, and the market is bullish.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230804	America	WTI	82.82	1.27
20230804	The United Kingdom	Brent	86.24	1.1

 

Gasoline price index

On August 7, China's gasoline price index rose 63.00, or 0.69%, to 9232.15, while China's gasoline price index rose 59.76, or 0.63%, to 9545.35. 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 313.20.

 

Gasoline market analysis:

Today, the wholesale price of gasoline is mainly raised in various regions of China, with a range of 40-150 yuan / ton, and the ex-factory price of geotechnical refinery is also raised as a whole, with a range of 20-110 yuan / ton. At present, the turnover of China's gasoline market is OK, the cost support is good, the middle and lower reaches of more replenishment in place to eliminate inventory, while rigid demand procurement, but the bullish sentiment is still strong. Refinery performance pressure is small, coupled with the price limit is approaching, the price mentality is not reduced.

 

August 7 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.4	Price 8.7	Rise and fall
North China region	92#	8900-9350	9000-9350	100/0
	95#	9150-9700	9250-9700	100/0
South China	92#	9120-9350	9200-9410	80/60
	95#	9370-9650	9400-9710	40/60
Central China	92#	9000-9250	9100-9350	100/100
	95#	9200-9550	9300-9650	100/100
East China region	92#	9000-9300	9100-9400	100/100
	95#	9200-9450	9280-9600	80/150
Northwestern region	92#	8900-9890	8900-9890	0/0
	95#	9100-10640	9100-10640	0/0
Southwest China	92#	9200-9500	9250-9530	50/30
	95#	9550-9950	9600-10030	50/80
Northeast China	92#	8900-9588	8950-10054	50/466
	95#	9230-10130	9300-10620	70/490

 

August 7 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 8.4	Price 8.7	Rise and fall
Shandong area	92#	8550-8950	8700-9020	150/70
	95#	8690-9120	8800-9200	110/80
North China region	92#	8800-8920	8880-9050	80/130
	95#	8950-8970	9030-9100	80/130
Central China	92#	9110-9110	9130-9130	20/20
	95#	9310-9310	9330-9330	20/20
East China region	92#	8710-8820	8750-8900	40/80
	95#	8860-8970	8900-9050	40/80
Northwestern region	92#	8800-8900	8850-8950	50/50
	95#	8950-9100	9000-9150	50/50
Northeast China	92#	8950-8950	8950-8950	0/0
	95#	9150-9150	9150-9150	0/0

 

Future forecast

From the perspective of international crude oil, the recent OPEC+ meeting did not make any further production reduction measures, but supported Saudi Arabia and Russia to extend the production reduction period again until September, and the supply-side tightening continued. There is still room for the rise in international oil prices, and from the point of view of the price adjustment mechanism of refined oil products, the price limit of refined oil products has been raised clearly, and the news is positive. In addition, the mentality of the refinery is heavier. Taken together, it is expected that there is still room for price increases 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 26th, the price of gasoline and diesel in China will be increased by 275yuan and 260yuan 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 26, 2023, the sixth 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	9820	8780
Tianjin	9785	8745
Hebei Province	9785	8745
Shanxi province	9855	8800
Liaoning province	9785	8745
Jilin Province	9785	8745
Heilongjiang province	9785	8745
Shanghai	9800	8750
Jiangsu Province	9840	8785
Zhejiang Province	9840	8800
Anhui province	9835	8795
Fujian Province	9860	8810
Jiangxi province	9840	8805
Shandong province	9795	8755
Hubei province	9810	8770
Hunan Province	9850	8830
Henan province	9805	8765
Hainan province	9930	8880
Chongqing	10000	8955
Guangdong province	9865	8815
Guangxi Zhuang Autonomous region	9930	8880
Ningxia Hui Autonomous region	9790	8745
Gansu province	9770	8765
Xinjiang Uygur Autonomous region	9565	8640
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9800	8760
Chengdu city	10005	8980
Guiyang city	9965	8905
Kunming City	9995	8935
Xi'an city	9770	8755
Xining City	9750	8790

                                                                

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 9055 yuan and 8015 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.