Gasoline (20230717): International crude oil prices fell, and transactions in China's gasoline market moved downward
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July 17, 2023, 4:11 PM Gasoline: international crude oil prices fall, Chinese gasoline market transactions move down
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20230714 |
America |
WTI |
75.42 |
-1.47 |
|
20230714 |
The United Kingdom |
Brent |
79.87 |
-1.49 |
Gasoline price index
On July 17, China's gasoline price index fell 21.53, or 0.24%, to 8885.20, while China's gasoline price index fell 19.51, or 0.21%, to 9187.40. 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 302.20.
Gasoline market analysis:
Today, wholesale gasoline prices in various regions of China are mainly falling, with gasoline prices in North China, South China, Central China and East China falling by 50-150 yuan per ton, as well as those in Northeast China. The price of high-end gasoline in southwest China has been raised by 50 yuan per ton. The ex-factory prices of georefining have been sorted out downwards, among which the prices of gasoline in Shandong, North China, Central China and East China have been reduced, as well as those in Northwest China. 80-170 yuan per ton. Gasoline prices in Northeast China remain stable for the time being. At present, the focus of trading in China's gasoline market has shifted downward, the enthusiasm of traders to enter the market has been reduced, and the purchase of rigid demand has been eliminated. The shipping speed of the main units and local refineries slows down, inventory accumulates, and there is some room for negotiation.
|
July 17 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 7.14 |
Price 7.17 |
Rise and fall |
|
North China region |
92# |
8750-9070 |
8650-9070 |
-100/0 |
|
95# |
8800-9350 |
8700-9350 |
-100/0 |
|
|
South China |
92# |
8800-9150 |
8800-9100 |
0/-50 |
|
95# |
9000-9450 |
9000-9400 |
0/-50 |
|
|
Central China |
92# |
8700-9100 |
8550-9100 |
-150/0 |
|
95# |
8900-9300 |
8750-9300 |
-150/0 |
|
|
East China region |
92# |
8650-9300 |
8600-9300 |
-50/0 |
|
95# |
8880-9650 |
8800-9650 |
-80/0 |
|
|
Northwestern region |
92# |
8750-9760 |
8750-9760 |
0/0 |
|
95# |
8950-10330 |
8950-10330 |
0/0 |
|
|
Southwest China |
92# |
8900-9350 |
8900-9400 |
0/50 |
|
95# |
9150-9800 |
9150-9850 |
0/50 |
|
|
Northeast China |
92# |
8650-9300 |
8640-9300 |
-10/0 |
|
95# |
8950-9640 |
8950-9640 |
0/0 |
|
|
July 17 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 7.14 |
Price 7.17 |
Rise and fall |
|
Shandong area |
92# |
8300-8750 |
8250-8660 |
-50/-90 |
|
95# |
8550-8850 |
8380-8760 |
-170/-90 |
|
|
North China region |
92# |
8480-8880 |
8400-8720 |
-80/-160 |
|
95# |
8630-8980 |
8550-8820 |
-80/-160 |
|
|
Central China |
92# |
8580-8580 |
8500-8500 |
-80/-80 |
|
95# |
8780-8780 |
8700-8700 |
-80/-80 |
|
|
East China region |
92# |
8400-8520 |
8300-8410 |
-100/-110 |
|
95# |
8550-8670 |
8450-8560 |
-100/-110 |
|
|
Northwestern region |
92# |
8750-8900 |
8750-8900 |
0/0 |
|
95# |
8850-9000 |
8850-8950 |
0/-50 |
|
|
Northeast China |
92# |
8800-8800 |
8800-8800 |
0/0 |
|
95# |
9000-9000 |
9000-9000 |
0/0 |
|
Future forecast
From the perspective of international crude oil, the dollar index rebounded, traders took profits and bearish factors suppressed oil prices. Oil prices began to pullback on Friday after three consecutive rises last week, and opened lower today, with international oil price support weakening. Retail sales of new energy vehicles in China reached 665000 in June, up 25 per cent from a year earlier and 37.68 per cent month-on-month, according to the Federation of passengers. New energy gasoline data continue to impact the gasoline market. From the supply side, it is possible that the starting load of Chinese refineries will continue to increase, and the supply of gasoline resources is relatively abundant. From the demand point of view, the current phased replenishment has come to an end, and market shipments have weakened. Taken together, it is expected that there is still room for downward 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 July 12, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be increased by 155,150 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 July 12, 2023, the third 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 |
9545 |
8520 |
|
Tianjin |
9510 |
8485 |
|
Hebei Province |
9510 |
8485 |
|
Shanxi province |
9580 |
8540 |
|
Liaoning province |
9510 |
8485 |
|
Jilin Province |
9510 |
8485 |
|
Heilongjiang province |
9510 |
8485 |
|
Shanghai |
9525 |
8490 |
|
Jiangsu Province |
9565 |
8525 |
|
Zhejiang Province |
9565 |
8540 |
|
Anhui province |
9560 |
8535 |
|
Fujian Province |
9585 |
8550 |
|
Jiangxi province |
9565 |
8545 |
|
Shandong province |
9520 |
8495 |
|
Hubei province |
9535 |
8510 |
|
Hunan Province |
9575 |
8570 |
|
Henan province |
9530 |
8505 |
|
Hainan province |
9655 |
8620 |
|
Chongqing |
9725 |
8695 |
|
Guangdong province |
9590 |
8555 |
|
Guangxi Zhuang Autonomous region |
9655 |
8620 |
|
Ningxia Hui Autonomous region |
9515 |
8485 |
|
Gansu province |
9495 |
8505 |
|
Xinjiang Uygur Autonomous region |
9290 |
8380 |
|
II. Areas with one province and one price will not be implemented for the time being |
||
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Hohhot |
9525 |
8500 |
|
Chengdu city |
9730 |
8720 |
|
Guiyang city |
9690 |
8645 |
|
Kunming City |
9720 |
8675 |
|
Xi'an city |
9495 |
8495 |
|
Xining City |
9475 |
8530 |
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 8780 yuan and 7755 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.