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Gasoline (20230606): Fundamental support is moderate, and the gasoline market has adjusted slightly

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June 6, 2023, 4:44 PM

Gasoline: basic support is general, gasoline market adjusts slightly

 

International crude oil closed

 

Date

Market

Specifications

Close (US dollars / barrel)

Rise and fall

20230605

America

WTI

72.15

0.41

20230605

The United Kingdom

Brent

76.71

0.58

 

Gasoline price index

On June 6, China's gasoline price index rose 17.97, or 0.2%, to 8802.18, while China's gasoline price index rose 22.99, or 0.25%, to 9097.90. 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 295.72.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China is stable in most areas, and has been raised in some areas, among which the price increases in South and Southwest China and Central China and Northeast China are concentrated at 30-70 yuan per ton, narrowing from yesterday's rate. The price of gasoline in North China, East China and Northwest China fluctuates in the regional price range, as well as in Central China and Northeast China. The ex-factory price of geotechnical refinery has increased slightly, of which the price of gasoline in Shandong, North China and East China has increased by 20-50 yuan per ton. Gasoline prices in Central China, Northwest China and Northeast China are temporarily stable. At present, the turnover of China's gasoline market is average, the wait-and-see mood in the lower reaches still exists, the rigid demand of traders is mainly purchasing, refinery shipments are OK, and there is no obvious accumulation of inventory. On the whole, the fundamentals support is general, and the gasoline market adjusts slightly.

 

June 6 main wholesale price of gasoline (yuan / ton)

Area

Gasoline model

Price 6.5

Price 6.6

Rise and fall

North China region

92#

8650-9050

8650-9050

0/0

95#

8870-9230

8870-9230

0/0

South China

92#

8750-9250

8750-9300

0/50

95#

8970-9550

9000-9600

30/50

Central China

92#

8680-9050

8680-9050

30/50

95#

8850-9400

8850-9400

0/0

East China region

92#

8650-9030

8650-9030

0/0

95#

8850-9210

8850-9210

0/0

Northwestern region

92#

8700-9580

8700-9580

0/0

95#

8900-10140

8900-10140

0/0

Southwest China

92#

8850-9150

8900-9180

50/30

95#

9130-9600

9200-9630

70/30

Northeast China

92#

8550-8800

8580-8800

30/0

95#

8900-9300

8900-9300

0/0

 

June 6 gasoline refinery ex-factory price (yuan / ton)

Area

Gasoline model

Price 6.5

Price 6.6

Rise and fall

Shandong area

92#

8360-8650

8400-8670

40/20

95#

8460-8840

8510-8840

50/0

North China region

92#

8370-8450

8390-8470

20/20

95#

8470-8550

8490-8570

20/20

Central China

92#

8800-8800

8800-8800

0/0

95#

9000-9000

9000-9000

0/0

East China region

92#

8420-8520

8440-8550

20/30

95#

8570-8670

8590-8700

20/30

Northwestern region

92#

8400-8700

8400-8700

0/0

95#

8550-8900

8550-8900

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, the production reduction plan supported the rise in oil prices, but the positive mood of crude oil gradually digested, the increase was less than market expectations, and the boost was limited. Superposition yesterday, China's main units and local refineries were generally up-regulated, following the rise in crude oil. On the other hand, in terms of Chinese demand, the fuel consumption of automotive air conditioners increased in summer but without short-term holiday support, and the demand side was mediocre, curbing the rising sentiment of China's gasoline market. Taken together, it is expected that China's gasoline market will adjust flexibly 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, which will be the fifth 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.