Gasoline (20230704): The good news is gradually being digested, and the upward momentum of the market is declining
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July 4, 2023, 5:20 PM Gasoline: the good news is gradually digested and the action power in the market is declining.
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20230703 |
America |
WTI |
69.79 |
-0.85 |
|
20230703 |
The United Kingdom |
Brent |
74.65 |
-0.25 |
Gasoline price index
On July 4, China's gasoline price index rose 13.60, or 0.15%, to 8802.65, while China's gasoline price index rose 18.48, or 0.20%, to 9118.50. 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 315.85.
Gasoline market analysis:
Today, the wholesale prices of gasoline in China are stable and relatively strong, with gasoline prices in North China, South China, Northwest and Southwest regions, East China and Northeast China rising by 50-150 yuan per ton. The prices of gasoline in Central China, East China and Northeast China have also been adjusted but have not broken through the end value. The ex-factory prices of georefining mainly fluctuated, of which the prices of Nine and Ninth gasoline in Shandong, East China and Northwest China were increased by 100-180 yuan per ton, while those in Central China were reduced by 50 yuan per ton. Gasoline prices in North China and Northeast China are stable for the time being. At present, the turnover of China's gasoline market is general, the good news of macro policy is gradually digested, the market operates at a high level, the downstream resistance psychology increases, and the refinery shipment situation is not good. On the whole, the action force in the market is declining.
|
July 4 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 7.3 |
Price 7.4 |
Rise and fall |
|
North China region |
92# |
8650-9130 |
8800-9130 |
150/0 |
|
95# |
8850-9330 |
8850-9400 |
0/70 |
|
|
South China |
92# |
8700-9100 |
8750-9100 |
50/0 |
|
95# |
8950-9400 |
9000-9400 |
50/0 |
|
|
Central China |
92# |
8700-8900 |
8700-8900 |
0/0 |
|
95# |
8850-9200 |
8850-9200 |
0/0 |
|
|
East China region |
92# |
8650-9100 |
8650-9100 |
0/0 |
|
95# |
8850-9400 |
8850-9450 |
0/50 |
|
|
Northwestern region |
92# |
8500-9620 |
8650-9620 |
150/0 |
|
95# |
8700-10180 |
8850-10180 |
150/0 |
|
|
Southwest China |
92# |
8850-9100 |
8900-9100 |
50/0 |
|
95# |
9100-9550 |
9150-9550 |
50/0 |
|
|
Northeast China |
92# |
8530-9130 |
8580-9130 |
50/0 |
|
95# |
8950-9640 |
8950-9640 |
0/0 |
|
|
July 4 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 7.3 |
Price 7.4 |
Rise and fall |
|
Shandong area |
92# |
8530-8800 |
8530-8900 |
0/100 |
|
95# |
8700-9000 |
8700-9040 |
0/40 |
|
|
North China region |
92# |
8600-8830 |
8600-8830 |
0/0 |
|
95# |
8700-8930 |
8700-8930 |
0/0 |
|
|
Central China |
92# |
8840-8840 |
8790-8790 |
-50/-50 |
|
95# |
9040-9040 |
8990-8990 |
-50/-50 |
|
|
East China region |
92# |
8400-8730 |
8580-8730 |
180/0 |
|
95# |
8550-8880 |
8730-8880 |
180/0 |
|
|
Northwestern region |
92# |
8500-8700 |
8650-8700 |
150/0 |
|
95# |
8700-8850 |
8850-8850 |
150/0 |
|
|
Northeast China |
92# |
8600-8600 |
8600-8600 |
0/0 |
|
95# |
8800-8800 |
8800-8800 |
0/0 |
|
Future forecast
From the perspective of international crude oil, economic worries outweigh the impact of supply cuts, international oil prices have stopped rising and falling, and there is no good guidance on costs. From the point of view of the price adjustment mechanism, the current round of retail price adjustment has been temporarily shelved, the final price adjustment direction is uncertain, and the information support is limited. At the beginning of the month, the price-raising mentality of the main and local refineries is OK, and some of them are flexibly adjusted according to their own conditions. From the demand point of view, downstream rigid demand procurement is the main. But the market is relatively high, downstream wait-and-see mentality may reappear. Taken together, the growth rate of China's gasoline market is expected to narrow in the short term.
Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities
Since 24:00 on June 28, 2023, the prices of gasoline and diesel in China (standard products, the same below) have been increased by 70 yuan per ton. 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 June 28, 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 |
9390 |
8370 |
|
Tianjin |
9355 |
8335 |
|
Hebei Province |
9355 |
8335 |
|
Shanxi province |
9425 |
8390 |
|
Liaoning province |
9355 |
8335 |
|
Jilin Province |
9355 |
8335 |
|
Heilongjiang province |
9355 |
8335 |
|
Shanghai |
9370 |
8340 |
|
Jiangsu Province |
9410 |
8375 |
|
Zhejiang Province |
9410 |
8390 |
|
Anhui province |
9405 |
8385 |
|
Fujian Province |
9430 |
8400 |
|
Jiangxi province |
9410 |
8395 |
|
Shandong province |
9365 |
8345 |
|
Hubei province |
9380 |
8360 |
|
Hunan Province |
9420 |
8420 |
|
Henan province |
9375 |
8355 |
|
Hainan province |
9500 |
8470 |
|
Chongqing |
9570 |
8545 |
|
Guangdong province |
9435 |
8405 |
|
Guangxi Zhuang Autonomous region |
9500 |
8470 |
|
Ningxia Hui Autonomous region |
9360 |
8335 |
|
Gansu province |
9340 |
8355 |
|
Xinjiang Uygur Autonomous region |
9135 |
8230 |
|
II. Areas with one province and one price will not be implemented for the time being |
||
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Hohhot |
9370 |
8350 |
|
Chengdu city |
9575 |
8570 |
|
Guiyang city |
9535 |
8495 |
|
Kunming City |
9565 |
8525 |
|
Xi'an city |
9340 |
8345 |
|
Xining City |
9320 |
8380 |
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 8625 yuan and 7605 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.