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Gasoline (20230531): At the end of the month, the refinery entered the settlement stage, and market transactions were deadlocked

107,394
May 31, 2023, 4:50 PM

Gasoline: the refinery entered the settlement stage at the end of the month, and the market was deadlocked.

 

International crude oil closed

 

Date

Market

Specifications

Close (US dollars / barrel)

Rise and fall

20230530

America

WTI

69.46

-3.21

20230530

The United Kingdom

Brent

73.54

-3.53

 

Gasoline price index

On May 31, China's gasoline price index rose 16.28, or 0.19%, to 8764.81, while China's gasoline price index rose 5.59, or 0.06%, to 9055.37. 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 290.56.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in China has been arranged up and down in most regions, but the prices of gasoline in the northwest, southwest and northeast regions have increased by 50-110 yuan per ton. The ex-factory price of georefining has been reduced slightly, of which the price of gasoline in North and East China has been reduced by 20-50 yuan per ton, as well as that in central China. Gasoline prices in Shandong, northwest and northeast regions are temporarily stable. At present, the turnover of China's gasoline market is not good, the downstream procurement efforts are insufficient, the wait-and-see mood is strong, and demand continues to be weak. At the end of the month, the main units and local refineries entered the settlement stage, and the shipping speed was slow. On the whole, the operation of owners entering the market is limited, and the market trading is deadlocked.

 

The wholesale price of gasoline on May 31 (RMB / ton)

Area

Gasoline model

Price 5.30

Price 5.31

Rise and fall

North China region

92#

8600-9000

8600-9000

0/0

95#

8800-9150

8800-9150

0/0

South China

92#

8750-9200

8750-9200

0/0

95#

8950-9500

8950-9500

0/0

Central China

92#

8650-9000

8650-9000

0/0

95#

8800-9200

8800-9200

0/0

East China region

92#

8600-9000

8600-9000

0/0

95#

8850-9180

8850-9180

0/0

Northwestern region

92#

8650-9470

8650-9580

0/110

95#

8900-10030

8900-10140

0/110

Southwest China

92#

8900-9200

8850-9280

-50/80

95#

9100-9700

9100-9730

0/30

Northeast China

92#

8480-8700

8500-8800

20/100

95#

8830-9150

8830-9300

0/150

 

The ex-factory price of gasoline refinery on May 31 (RMB / ton)

Area

Gasoline model

Price 5.30

Price 5.31

Rise and fall

Shandong area

92#

8240-8550

8240-8550

0/0

95#

8350-8750

8350-8750

0/0

North China region

92#

8320-8400

8300-8370

-20/-30

95#

8420-8500

8400-8470

-20/-30

Central China

92#

8700-8700

8650-8650

-50/-50

95#

8900-8900

8850-8850

0/0

East China region

92#

8340-8430

8340-8400

0/-30

95#

8490-8580

8490-8550

0/-30

Northwestern region

92#

8350-8700

8350-8700

0/0

95#

8500-8900

8500-8900

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, whether the US debt limit agreement in the market can pass a worried state of mind, the international crude oil price is declining, and the crude oil surface support is limited. From a macro policy point of view, the price adjustment of refined oil was realized at 24:00 yesterday, and the prices of gasoline and diesel in China (the same below) were raised by 100 yuan and 95 yuan per ton, respectively. Starting from June tomorrow, the new round of pressure on refinery monthly performance will begin, with little pressure. But at present, demand is not supported by positive factors, and the market may rise limited. On the whole, the price of Chinese gasoline market is expected to fluctuate in a narrow range 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 this price adjustment will be 24:00 on May 30, 2023, which will be the first working day in China since the price adjustment 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.