Gasoline (20230531): At the end of the month, the refinery entered the settlement stage, and market transactions were deadlocked

Gasoline: the refinery entered the settlement stage at the end of the month, and the market was deadlocked.

 

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230530	America	WTI	69.46	-3.21
20230530	The United Kingdom	Brent	73.54	-3.53

 

Gasoline price index

On May 31, China's gasoline price index rose 16.28, or 0.19%, to 8764.81, while China's gasoline price index rose 5.59, or 0.06%, to 9055.37. 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 290.56.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in China has been arranged up and down in most regions, but the prices of gasoline in the northwest, southwest and northeast regions have increased by 50-110 yuan per ton. The ex-factory price of georefining has been reduced slightly, of which the price of gasoline in North and East China has been reduced by 20-50 yuan per ton, as well as that in central China. Gasoline prices in Shandong, northwest and northeast regions are temporarily stable. At present, the turnover of China's gasoline market is not good, the downstream procurement efforts are insufficient, the wait-and-see mood is strong, and demand continues to be weak. At the end of the month, the main units and local refineries entered the settlement stage, and the shipping speed was slow. On the whole, the operation of owners entering the market is limited, and the market trading is deadlocked.

 

The wholesale price of gasoline on May 31 (RMB / ton)
Area	Gasoline model	Price 5.30	Price 5.31	Rise and fall
North China region	92#	8600-9000	8600-9000	0/0
	95#	8800-9150	8800-9150	0/0
South China	92#	8750-9200	8750-9200	0/0
	95#	8950-9500	8950-9500	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	8650-9580	0/110
	95#	8900-10030	8900-10140	0/110
Southwest China	92#	8900-9200	8850-9280	-50/80
	95#	9100-9700	9100-9730	0/30
Northeast China	92#	8480-8700	8500-8800	20/100
	95#	8830-9150	8830-9300	0/150

 

The ex-factory price of gasoline refinery on May 31 (RMB / ton)
Area	Gasoline model	Price 5.30	Price 5.31	Rise and fall
Shandong area	92#	8240-8550	8240-8550	0/0
	95#	8350-8750	8350-8750	0/0
North China region	92#	8320-8400	8300-8370	-20/-30
	95#	8420-8500	8400-8470	-20/-30
Central China	92#	8700-8700	8650-8650	-50/-50
	95#	8900-8900	8850-8850	0/0
East China region	92#	8340-8430	8340-8400	0/-30
	95#	8490-8580	8490-8550	0/-30
Northwestern region	92#	8350-8700	8350-8700	0/0
	95#	8500-8900	8500-8900	0/0
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, whether the US debt limit agreement in the market can pass a worried state of mind, the international crude oil price is declining, and the crude oil surface support is limited. From a macro policy point of view, the price adjustment of refined oil was realized at 24:00 yesterday, and the prices of gasoline and diesel in China (the same below) were raised by 100 yuan and 95 yuan per ton, respectively. Starting from June tomorrow, the new round of pressure on refinery monthly performance will begin, with little pressure. But at present, demand is not supported by positive factors, and the market may rise limited. On the whole, the price of Chinese gasoline market is expected to fluctuate 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 30, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be increased by 100 yuan and 95 yuan 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 this price adjustment will be 24:00 on May 30, 2023, which will be the first working day in China since the price adjustment 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	9375	8350
Tianjin	9340	8315
Hebei Province	9340	8315
Shanxi province	9410	8370
Liaoning province	9340	8315
Jilin Province	9340	8315
Heilongjiang province	9340	8315
Shanghai	9355	8320
Jiangsu Province	9395	8355
Zhejiang Province	9395	8370
Anhui province	9390	8365
Fujian Province	9415	8380
Jiangxi province	9395	8375
Shandong province	9350	8325
Hubei province	9365	8340
Hunan Province	9405	8400
Henan province	9360	8335
Hainan province	9485	8450
Chongqing	9555	8525
Guangdong province	9420	8385
Guangxi Zhuang Autonomous region	9485	8450
Ningxia Hui Autonomous region	9345	8315
Gansu province	9325	8335
Xinjiang Uygur Autonomous region	9120	8210
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9355	8330
Chengdu city	9560	8550
Guiyang city	9520	8475
Kunming City	9550	8505
Xi'an city	9325	8325
Xining City	9305	8360

                                                                

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 8610 yuan and 7585 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.