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Gasoline (20230524): Terminal replenishment is phased, and the current market transaction is still acceptable

115,043
May 24, 2023, 5:39 PM

Gasoline: terminal stage replenishment, the current market transaction is OK

 

International crude oil closed

 

Date

Market

Specifications

Close (US dollars / barrel)

Rise and fall

20230523

America

WTI

72.91

0.92

20230523

The United Kingdom

Brent

76.84

0.85

 

Gasoline price index

On May 24, China's gasoline price index rose 30.35%, or 0.35%, to 8734.17, while China's gasoline price index rose by 0.36% to 9028.62. 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 294.45.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been raised in some areas, including increases in North China, South China, East China and Southwest China, with a range of 50-120 yuan per ton. The prices of gasoline in Central China, Northwest and Northeast China are sorted out within the price range. The ex-factory prices of georefining have been raised in most areas, including those in Shandong, North China, Central China, East China and Northwest China, with a range of 20-100 yuan per ton. At present, the turnover of China's gasoline market is improving, the terminal traders are moderately replenishing, the operators are mostly buying and rising, the operation of entering the market is increasing, the delivery speed of refinery noodles is relatively smooth, and the actual single transaction is OK. On the whole, the gasoline market is better than the previous period.

 

The wholesale price of gasoline on May 24 (RMB / ton)

Area

Gasoline model

Price 5.23

Price 5.24

Rise and fall

North China region

92#

8530-8880

8580-9000

50/120

95#

8730-9080

8780-9200

50/120

South China

92#

8750-9100

8800-9150

50/50

95#

8950-9400

9000-9450

50/50

Central China

92#

8600-9000

8600-9000

0/0

95#

8750-9200

8750-9200

0/0

East China region

92#

8500-8950

8550-9000

50/50

95#

8700-9050

8800-9180

100/130

Northwestern region

92#

8550-9470

8550-9470

0/0

95#

8750-10030

8750-10030

0/0

Southwest China

92#

8800-9150

8850-9150

50/0

95#

9000-9600

9100-9600

100/0

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 24 (RMB / ton)

Area

Gasoline model

Price 5.23

Price 5.24

Rise and fall

Shandong area

92#

8150-8450

8250-8550

100/100

95#

8250-8650

8350-8750

100/100

North China region

92#

8230-8240

8300-8420

70/180

95#

8330-8340

8400-8520

70/180

Central China

92#

8600-8600

8620-8620

20/20

95#

8800-8800

8820-8820

60/60

East China region

92#

8250-8350

8320-8400

70/50

95#

8400-8500

8470-8520

70/50

Northwestern region

92#

8300-8550

8400-8650

100/100

95#

8500-8750

8600-8850

100/100

Northeast China

92#

8550-8550

8550-8550

0/0

95#

8750-8750

8750-8750

0/0

 

Future forecast

From the international crude oil point of view, OPEC+ further production reduction expectations superimposed, the United States summer gasoline demand optimistic, international crude oil prices continue to rise, supporting oil market prices. In the past two days, the gasoline market has improved, and the prices of the main products and refineries have been raised continuously. It is mainly due to the fermentation of tax news and periodic replenishment. However, the situation of strong supply and weak demand in the overall market has not changed, so as the procurement frequency tends to be stable and the news side weakens, the market may return to weakness again. On the whole, it is expected that the price of Chinese gasoline market will be stable 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 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

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.