Gasoline (20230517): On the first day of price reduction, operators have limited access to the market
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May 17, 2023, 4:56 PM Gasoline: limited operation of operators on the first day of price reduction
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20230516 |
America |
WTI |
70.86 |
-0.25 |
|
20230516 |
The United Kingdom |
Brent |
74.91 |
-0.32 |
Gasoline price index
On May 17, China's gasoline price index fell 46.02, or 0.53%, to 8708.34, while China's gasoline price index fell 52.03, or 0.58%, to 8992.15. 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 283.80.
Gasoline market analysis:
Today, the wholesale price of gasoline in China has been reduced in some areas, among which the prices of gasoline in North China and Northwest China, as well as those in Southwest and Northeast China have been reduced by 20-200 yuan per ton, mostly concentrated in high-end prices. The price of gasoline in South China, Central China, East China, southwest and northeast China fluctuates. The ex-factory prices of geo-refinery remained stable in most places, but the prices of gasoline in Shandong Province were reduced by 90 yuan per ton. At present, the transaction in China's gasoline market is general, the first day of price limit reduction is limited, the stock is mainly eliminated, the demand remains low, the delivery speed of refineries is slow, and there is some room for negotiation. On the whole, the market does not have enough room for promotion, and the purchase and sale is weak.
|
May 17 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 5.16 |
Price 5.17 |
Rise and fall |
|
North China region |
92# |
8580-9000 |
8560-8800 |
-40/-200 |
|
95# |
8800-9300 |
8760-9100 |
-40/-200 |
|
|
South China |
92# |
8700-9100 |
8700-9100 |
0/0 |
|
95# |
8900-9400 |
8900-9400 |
0/0 |
|
|
Central China |
92# |
8600-9000 |
8600-9000 |
0/0 |
|
95# |
8750-9200 |
8750-9200 |
0/0 |
|
|
East China region |
92# |
8500-9000 |
8500-9000 |
0/0 |
|
95# |
8700-9100 |
8700-9100 |
0/0 |
|
|
Northwestern region |
92# |
8500-9650 |
8500-9470 |
0/-180 |
|
95# |
8700-10450 |
8700-10030 |
0/-420 |
|
|
Southwest China |
92# |
8700-9120 |
8700-9100 |
0/-20 |
|
95# |
8900-9350 |
8900-9350 |
0/0 |
|
|
Northeast China |
92# |
8500-8950 |
8480-8950 |
-20/0 |
|
95# |
8800-9400 |
8800-9400 |
0/0 |
|
|
The ex-factory price of gasoline refinery on May 17 (RMB / ton) |
||||
|
Area |
Gasoline model |
Price 5.16 |
Price 5.17 |
Rise and fall |
|
Shandong area |
92# |
8160-8500 |
8070-8500 |
-90/0 |
|
95# |
8260-8660 |
8170-8660 |
-90/0 |
|
|
North China region |
92# |
8270-8300 |
8270-8300 |
0/0 |
|
95# |
8370-8400 |
8370-8400 |
0/0 |
|
|
Central China |
92# |
8480-8480 |
8480-8480 |
0/0 |
|
95# |
8680-8680 |
8680-8680 |
0/0 |
|
|
East China region |
92# |
8230-8300 |
8230-8300 |
0/0 |
|
95# |
8380-8450 |
8380-8450 |
0/0 |
|
|
Northwestern region |
92# |
8100-8400 |
8100-8400 |
0/0 |
|
95# |
8200-8600 |
8200-8600 |
0/0 |
|
|
Northeast China |
92# |
8550-8550 |
8550-8550 |
0/0 |
|
95# |
8750-8750 |
8750-8750 |
0/0 |
|
Future forecast
From a macro point of view, April data released by the National Bureau of Statistics show that the total volume of retail sales of consumer goods increased by 18.4% compared with the same period last year, and the added value of industries above the national scale increased by 5.6% compared with the same period last year. In terms of international crude oil, the US economic data is lower than expected, coupled with the lower-than-expected growth of industrial output and retail sales in China in April, but the refinery processing volume data is better, the international crude oil price fell slightly, and the international crude oil news surface support is insufficient. From the perspective of supply and demand, the current stability of supply is superimposed by the low demand in the gasoline market, and the gasoline market in China remains weak. However, before the implementation of the price limit for refined oil products, the market has already consumed some of the decline. Taken together, the price of gasoline in China is expected to decline narrowly in the short term.
Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities
Since 24:00 on May 16, 2023, the prices of gasoline and diesel in China (the same below) will be reduced by RMB380,365 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 May 16, 2023, the first 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 |
9275 |
8255 |
|
Tianjin |
9240 |
8220 |
|
Hebei Province |
9240 |
8220 |
|
Shanxi province |
9310 |
8275 |
|
Liaoning province |
9240 |
8220 |
|
Jilin Province |
9240 |
8220 |
|
Heilongjiang province |
9240 |
8220 |
|
Shanghai |
9255 |
8225 |
|
Jiangsu Province |
9295 |
8260 |
|
Zhejiang Province |
9295 |
8275 |
|
Anhui province |
9290 |
8270 |
|
Fujian Province |
9315 |
8285 |
|
Jiangxi province |
9295 |
8280 |
|
Shandong province |
9250 |
8230 |
|
Hubei province |
9265 |
8245 |
|
Hunan Province |
9305 |
8305 |
|
Henan province |
9260 |
8240 |
|
Hainan province |
9385 |
8355 |
|
Chongqing |
9455 |
8430 |
|
Guangdong province |
9320 |
8290 |
|
Guangxi Zhuang Autonomous region |
9385 |
8355 |
|
Ningxia Hui Autonomous region |
9245 |
8220 |
|
Gansu province |
9225 |
8240 |
|
Xinjiang Uygur Autonomous region |
9020 |
8115 |
|
II. Areas with one province and one price will not be implemented for the time being |
||
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Hohhot |
9255 |
8235 |
|
Chengdu city |
9460 |
8455 |
|
Guiyang city |
9420 |
8380 |
|
Kunming City |
9450 |
8410 |
|
Xi'an city |
9225 |
8230 |
|
Xining City |
9205 |
8265 |
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 8510 yuan and 7490 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.
