Gasoline (20230511): Phased replenishment is over, market operation is weak
116,359 
May 26, 2023, 4:24 PM Gasoline: phased replenishment ends, the market operation is weak
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20230525 |
America |
WTI |
71.83 |
-2.51 |
|
20230525 |
The United Kingdom |
Brent |
76.26 |
-2.1 |
Gasoline price index
On May 26th, China's gasoline price index fell 2.76, or 0.03%, to 8768.87, while China's gasoline price index fell 3.19, or 0.04%, to 9048.74. 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 279.87.
Gasoline market analysis:
Today, the wholesale price of gasoline in China is mainly stable in most areas, and only the high-end prices of gasoline in North China have fallen. The ex-factory price of georefining has been reduced in a narrow range, among which the price of gasoline in Shandong, North China, East China and Northwest China has been reduced by 20-50 yuan per ton. Gasoline prices in central China and northeast China remain stable for the time being. At present, the turnover of China's gasoline market is weakening, with the end of phased replenishment, the procurement frequency tends to be stable, orders mostly turn to rigid demand procurement, and the demand side support is general. The delivery speed of refinery noodles becomes slower, inventory accumulates slightly, and there are certain preferential policies to stimulate shipments. On the whole, the buying and selling atmosphere is general, and the market operation is weak.
|
May 26 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 5.25 |
Price 5.26 |
Rise and fall |
|
North China region |
92# |
8600-9050 |
8600-9000 |
0/-50 |
|
95# |
8800-9200 |
8800-9150 |
0/-50 |
|
|
South China |
92# |
8800-9200 |
8800-9200 |
0/0 |
|
95# |
9000-9500 |
9000-9500 |
0/0 |
|
|
Central China |
92# |
8650-9000 |
8650-9000 |
0/0 |
|
95# |
8800-9200 |
8800-9200 |
0/0 |
|
|
East China region |
92# |
8600-9000 |
8600-9000 |
0/0 |
|
95# |
8850-9180 |
8850-9180 |
0/0 |
|
|
Northwestern region |
92# |
8650-9470 |
8650-9470 |
0/0 |
|
95# |
8900-10030 |
8900-10030 |
0/0 |
|
|
Southwest China |
92# |
8950-9200 |
8950-9200 |
0/0 |
|
95# |
9100-9650 |
9100-9650 |
0/0 |
|
|
Northeast China |
92# |
8480-8700 |
8480-8700 |
0/0 |
|
95# |
8830-9150 |
8830-9150 |
0/0 |
|
|
The ex-factory price of gasoline refinery on May 26 (RMB / ton) |
||||
|
Area |
Gasoline model |
Price 5.25 |
Price 5.26 |
Rise and fall |
|
Shandong area |
92# |
8290-8600 |
8240-8550 |
-50/-50 |
|
95# |
8400-8800 |
8350-8750 |
-50/-50 |
|
|
North China region |
92# |
8300-8420 |
8300-8400 |
0/-20 |
|
95# |
8400-8520 |
8400-8500 |
0/-20 |
|
|
Central China |
92# |
8700-8700 |
8700-8700 |
0/0 |
|
95# |
8900-8900 |
8900-8900 |
0/0 |
|
|
East China region |
92# |
8390-8430 |
8360-8410 |
-30/-20 |
|
95# |
8540-8580 |
8510-8560 |
-30/-20 |
|
|
Northwestern region |
92# |
8450-8700 |
8400-8700 |
-50/0 |
|
95# |
8650-8900 |
8600-8900 |
-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, there is still uncertainty in the US debt ceiling negotiations, market worries have increased, and international crude oil prices have fallen, although the current rate of change is still positive, and the expectation of an increase in the retail price of refined oil products is still there, but the guidance to the market is limited. From the demand point of view, phased replenishment to rigid demand procurement, real order trading volume is small, small orders mainly, traders wait-and-see mood warming, there is no obvious boost to the demand side. On the whole, it is expected that the price of China's gasoline market will be arranged in a narrow range 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 7th 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.
