Gasoline (20230522): Terminal demand is weak, and the market has little room to boost
109,831 
May 22, 2023, 4:16 PM Gasoline: the end demand is weak, and there is little room for the market to push up.
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20230519 |
America |
WTI |
71.55 |
-0.31 |
|
20230519 |
The United Kingdom |
Brent |
75.58 |
-0.28 |
Gasoline price index
On May 22, China's gasoline price index fell 9.78, or 0.11%, to 8698.09, while China's gasoline price index fell 7.48, or 0.08%, to 8992.52. 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 294.43.
Gasoline market analysis:
Today, the wholesale price of gasoline in China has been reduced, of which the price of gasoline in North China, Central China and East China has been reduced by 50 yuan per ton, mostly concentrated in high-end prices. Gasoline prices in South China, Northwest China, Southwest China and Northeast China are stable for the time being. The ex-factory prices of geo-refining have been sorted out in some areas, among which the prices of 9-kilogram and 9-kilowatt gasoline in North China, East China and Northwest China have been reduced by a range of 40-60 yuan per ton. Gasoline prices in Shandong, Central China and Northeast China fluctuated in the price range. At present, the turnover of China's gasoline market is mediocre, downstream traders maintain the previous level, and rigid demand is dominated by procurement. Refinery shipping speed is general, more preferential efforts to achieve the purpose of stimulating shipments. On the whole, the buying and selling atmosphere is weak and the market is weak.
|
May 22 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 5.19 |
Price 5.22 |
Rise and fall |
|
North China region |
92# |
8560-8900 |
8560-8850 |
0/-50 |
|
95# |
8760-9100 |
8760-9050 |
0/-50 |
|
|
South China |
92# |
8750-9100 |
8750-9100 |
0/0 |
|
95# |
8950-9400 |
8950-9400 |
0/0 |
|
|
Central China |
92# |
8600-9050 |
8600-9000 |
0/-50 |
|
95# |
8750-9250 |
8750-9200 |
0/-50 |
|
|
East China region |
92# |
8500-9000 |
8500-8950 |
0/-50 |
|
95# |
8700-9100 |
8700-9050 |
0/-50 |
|
|
Northwestern region |
92# |
8500-9470 |
8500-9470 |
0/0 |
|
95# |
8700-10030 |
8700-10030 |
0/0 |
|
|
Southwest China |
92# |
8800-9150 |
8800-9150 |
0/0 |
|
95# |
9000-9600 |
9000-9600 |
0/0 |
|
|
Northeast China |
92# |
8480-8700 |
8480-8700 |
0/0 |
|
95# |
8800-9150 |
8800-9150 |
0/0 |
|
|
The ex-factory price of gasoline refinery on May 22 (RMB / ton) |
||||
|
Area |
Gasoline model |
Price 5.19 |
Price 5.22 |
Rise and fall |
|
Shandong area |
92# |
8100-8400 |
8100-8400 |
0/0 |
|
95# |
8200-8600 |
8200-8600 |
0/0 |
|
|
North China region |
92# |
8270-8270 |
8210-8220 |
-60/-50 |
|
95# |
8370-8370 |
8310-8320 |
-60/-50 |
|
|
Central China |
92# |
8540-8540 |
8540-8540 |
0/0 |
|
95# |
8740-8740 |
8740-8740 |
0/0 |
|
|
East China region |
92# |
8230-8350 |
8230-8310 |
0/-40 |
|
95# |
8380-8500 |
8380-8460 |
0/-40 |
|
|
Northwestern region |
92# |
8100-8400 |
8050-8400 |
-50/0 |
|
95# |
8200-8600 |
8150-8600 |
-50/0 |
|
|
Northeast China |
92# |
8550-8550 |
8550-8550 |
0/0 |
|
95# |
8750-8750 |
8750-8750 |
0/0 |
|
Future forecast
From the perspective of international crude oil, concerns about the US debt ceiling have abated, but the Fed is expected to raise interest rates in June, international crude oil prices have fallen, and international crude oil has no positive support. On the supply side, the operating rate of Chinese refineries remains stable, and with the refinery maintenance and improvement, there is still room for refinery processing capacity to increase. On the export side, the upside-down of profits leads to increased export pressure. At present, although the use of automotive air-conditioning oil increases in summer, the boost is limited, and there are no obvious favorable factors on the demand side. China's gasoline resources are relatively abundant and the demand is flat, so it is difficult for the gasoline market to push up. Taken together, it is expected that there are still downside risks in China's gasoline market prices 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 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 |
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.
