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Gasoline (20230607): International crude oil benefits fade, and China's gasoline demand may have positive factors

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June 7, 2023, 4:10 PM

Gasoline: the international crude oil is good to decline, and the demand for gasoline in China may be a good factor.

International crude oil closed

 

Date

Market

Specifications

Close (US dollars / barrel)

Rise and fall

20230606

America

WTI

71.74

-0.41

20230606

The United Kingdom

Brent

76.29

-0.42

 

Gasoline price index

On June 7, China's gasoline price index fell 2.21, or 0.03%, to 8799.97, while China's gasoline price index fell 1.10, or 0.01%, to 9096.80. 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 295.72.

 

Gasoline market analysis:

Today, gasoline in various parts of China is mainly engaged in sorting out the price range in the wholesale price zone, but the low-end price of gasoline in southwest China has been reduced, with a range of 30 yuan / ton. The ex-factory price of geo-refinery was reduced in a narrow range, among which the price of gasoline in Shandong and North China was reduced by 10-40 yuan per ton. Gasoline prices in Central China, East China, Northwest China and Northeast China are stable. At present, the turnover of China's gasoline market is moderate, phased replenishment has come to an end, downstream on-demand procurement, a strong wait-and-see atmosphere. Refinery shipments in general, but less sales pressure at the beginning of the month, so the willingness to fall wide is not high, more than a small reduction to stimulate shipments. Overall, the market performance is mediocre.

 

June 7 main wholesale price of gasoline (yuan / ton)

Area

Gasoline model

Price 6.6

Price 6.7

Rise and fall

North China region

92#

8650-9050

8650-9050

0/0

95#

8870-9230

8870-9230

0/0

South China

92#

8750-9300

8750-9300

0/0

95#

9000-9600

9000-9600

0/0

Central China

92#

8680-9050

8680-9050

0/0

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#

8900-9180

8870-9180

-30/0

95#

9200-9630

9200-9630

0/0

Northeast China

92#

8580-8800

8580-8800

0/0

95#

8900-9300

8900-9300

0/0

 

June 7 gasoline refinery ex-factory price (yuan / ton)

Area

Gasoline model

Price 6.6

Price 6.7

Rise and fall

Shandong area

92#

8400-8670

8390-8670

-10/0

95#

8510-8840

8490-8840

-20/0

North China region

92#

8390-8470

8350-8470

-20/0

95#

8490-8570

8450-8570

-40/0

Central China

92#

8800-8800

8800-8800

0/0

95#

9000-9000

9000-9000

0/0

East China region

92#

8440-8550

8440-8550

0/0

95#

8590-8700

8590-8700

0/0

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, due to the potential recession in the United States, China's economic growth has slowed, market worries about the economy outweigh the impact of the new production reduction plan, the positive mood of crude oil has been digested, and the international crude oil futures price has fallen. Crude oil has no favorable support. But in terms of demand, after the end of the college entrance examination, students ushered in a long-lost holiday, coupled with the existence of preferential policies for the college entrance examination in many scenic spots, the number of tourists may increase. In addition, at present, there is no significant price reduction intention in the refinery, so it is optimistic about the market expectation. Taken together, it is expected that there may be room for upward adjustment in China's gasoline market 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 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

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.