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Gasoline (20230605): The OPEC+ meeting was successfully held, and the gasoline market was improving

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June 5, 2023, 5:26 PM

Gasoline: OPEC+ meeting held successfully, gasoline market is good

 

International crude oil closed

 

Date

Market

Specifications

Close (US dollars / barrel)

Rise and fall

20230602

America

WTI

71.74

1.64

20230602

The United Kingdom

Brent

76.13

1.85

 

Gasoline price index

On June 5, China's gasoline price index rose 38.94, or 0.45%, to 8784.21, while China's gasoline price index rose 40.49, or 0.45%, to 9074.91. 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 290.70.

 

Gasoline market analysis:

Today, wholesale gasoline prices are mainly rising in China, with increases in gasoline prices in North China, South China, Central China, East China and Southwest China, with a range of 50-130 yuan per ton. gasoline prices in northwest and northeast regions remained stable for the time being. The ex-factory prices of georefining have been raised as a whole, with increases in gasoline prices in Shandong, North China, Central China, East China and Northwest China, with a range of 70-100 yuan per ton. Gasoline prices in northeast China are stable for the time being. At present, the trading atmosphere in China's gasoline market is improving, the cost of international crude oil is rising, the industry is bullish, the operation of entering the market is increasing, and the situation of refinery shipments is better. In addition, the monthly pressure at the beginning of the month is still good, so it is more appropriate to raise the quotation. On the whole, purchases and sales are heating up and the market is improving.

 

June 5 main wholesale price of gasoline (yuan / ton)

Area

Gasoline model

Price 6.2

Price 6.5

Rise and fall

North China region

92#

8600-9000

8650-9050

50/50

95#

8800-9230

8870-9230

70/0

South China

92#

8750-9150

8750-9250

0/100

95#

8950-9450

8970-9550

20/100

Central China

92#

8650-9000

8680-9050

30/50

95#

8800-9200

8850-9400

50/200

East China region

92#

8600-8900

8650-9030

50/130

95#

8850-9100

8850-9210

0/110

Northwestern region

92#

8650-9580

8650-9580

0/0

95#

8900-10140

8900-10140

0/0

Southwest China

92#

8800-9150

8850-9150

50/0

95#

9100-9600

9130-9600

30/0

Northeast China

92#

8550-8800

8550-8800

0/0

95#

8900-9300

8900-9300

0/0

 

June 5 gasoline refinery ex-factory price (yuan / ton)

Area

Gasoline model

Price 6.2

Price 6.5

Rise and fall

Shandong area

92#

8300-8590

8360-8650

60/60

95#

8400-8750

8460-8840

60/90

North China region

92#

8360-8370

8370-8450

10/80

95#

8460-8470

8470-8550

10/80

Central China

92#

8700-8700

8800-8800

100/100

95#

8900-8900

9000-9000

100/100

East China region

92#

8360-8450

8420-8520

60/70

95#

8510-8600

8570-8670

60/70

Northwestern region

92#

8300-8700

8400-8700

100/0

95#

8450-8900

8550-8900

100/0

Northeast China

92#

8550-8550

8550-8550

0/0

95#

8750-8750

8750-8750

0/0

 

Future forecast

In terms of international crude oil, 's new OPEC+ meeting ended, in which Saudi Arabia announced that its output in July this year would be reduced to 9 million barrels per day, and that an agreement on production reduction had been extended to the end of 2024, boosting the international oil market. From the demand point of view, the recent rise in temperatures around the country, the increase in automotive air conditioning oil, retail gasoline consumption has been supported. From the point of view of supply, the starting load of Chinese refineries is OK in the short term, and there is a certain stability, and there is little problem in the supply of spot gasoline resources. On the whole, it is expected that the price of gasoline in China may show an upward trend 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 the price adjustment will be 24:00 on May 30, 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

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.