Today, Thursday, July 14, 2022, the recent retail prices of gasoline and diesel at domestic gas stations have just been reduced. Specifically, based on the recent changes in oil prices in the international market, and in accordance with the current refined oil price formation mechanism, starting from July 12, 2022 24 From now on, domestic gasoline and diesel prices (standard products, the same below) will be reduced by 360 yuan and 345 yuan per ton respectively. After the domestic oil price reduction, car owners obviously feel that the cost of travel has become much cheaper. Yes, it is equivalent to a reduction of 0.28 yuan per liter for No. 92 gasoline at the gas station, 0.30 yuan per liter for No. 95 gasoline, and 0.30 yuan per liter for No. 0 diesel. Decreased by 0.29 yuan per liter.
takes the fuel tank of a family car with a capacity of 50 liters as an example. After the oil price adjustment, if the car owner goes to the gas station to fill up a private car fuel tank with a capacity of 50 liters, a tank of No. 92 gasoline can save 14 yuan, 95 A tank of No. 1 gasoline can save 15 yuan, which is equivalent to the cost of two breakfasts. The decline in gasoline and diesel at gas stations is very obvious. At the same time, a new round of domestic refined oil price adjustment cycle lasting 10 working days has begun again, and the change rate of crude oil varieties has been negative at the beginning.
Based on the domestic refined oil price adjustment cycle of 10 working days, a new round of price adjustment window will open at 24:00 on July 26, 2022. Fortunately, the comprehensive rate of change of crude oil has reached a negative state at the beginning, specifically -7.98%. At present, the corresponding reduction in refined oil is expected to meet the price adjustment standard line. Although the new pricing mechanism stipulates that when the price adjustment range of gasoline and diesel is lower than 50 yuan per ton, no adjustment will be made and it will be included in the next price adjustment to accumulate or offset, but it does not affect the strong bearish atmosphere in the second round of refined oil price adjustment in July.
Based on the analysis of the domestic refined oil market, the main unit prices in the northwest market are: 92#9015-10603, -76/-406; 0#8440-9065, -64/-335. Market price: 92#8850-9400, -70/-80; 0#8170-8750, -115/-200. From an analysis point of view, as international crude oil closed sharply and the National Development and Reform Commission implemented the reduction in retail prices, industry players are mainly bearish in the market outlook. The prices of gasoline and diesel for the main units in the northwest were lowered in line with the retail prices of the National Development and Reform Commission; the social units in the northwest were affected by the bearish atmosphere in the overall market, and the shipments of gasoline and diesel were average. The price of gasoline and diesel fell due to increased shipments of gasoline and diesel. The new round of cumulative change rate of crude oil extends in a negative direction, and the refined oil market is bearish. As the overall market outlook is mainly bearish, it is expected that gasoline and diesel prices in the northwest region will remain stable or may continue to fall.
Main unit price in East China market: 92#8875-9034, -120/-59; 0#8122-8417, -90/-43. Market price: 92#8753-8900, -102/-150; 0#7850-8225, -91/-75. From an analysis point of view, crude oil continued to fall below the market's bearish guidance. In addition, during the middle of the month, the sales pressure of various units in East China increased slightly, and pricing fell mainly; today, the adjustment range of gasoline and diesel quotations for main business and social units in East China was basically Maintained around 50-250 yuan/ton; overall, today's market buying and selling performance is weak, with a wait-and-see mentality. Looking at the market outlook, OPEC monthly report predicts that oil demand growth will slow down in 2023, EIA has lowered its crude oil price forecast, demand concerns are increasing, and short-term international oil price trends may continue to be under pressure. In East China, as the cost-side support for crude oil weakens, most sales units have lowered their quotations in line with the market. However, industry players have tended to be more cautious in entering the market, and the trading volume has not improved significantly. It is expected that the prices of major units in East China will continue their downward trend tomorrow. .
main unit price in Central China market: 92#9054-9510, -120/-48/-60/-40; 0#8275-8568, -160/-88/-77/-60. Market price: 92# 8800-9050, -100/-60; 0# 8150-8430, -100/-50. According to the analysis, the international oil prices have fallen, coupled with the National Development and Reform Commission's price limit reduction, the demand in the region has been mediocre, and businesses have mainly purchased for immediate needs. The price of gasoline in the region has continued to fall, the demand for diesel has been flat, and the main business shipments have been sluggish, and transactions are discounted based on volume. The overall gasoline and diesel shipments of social units in the region were average, and the prices of gasoline and diesel fell. Overall, today's market trading atmosphere is average, and the wait-and-see mentality still exists. The new round of cumulative change rate of crude oil extends in a negative direction, and the refined oil market is bearish. The completion of the sales tasks of the main business unit is average, and the overall diesel market demand is light. It is expected that the price of gasoline and diesel in central China may have room for a slight decline in the short term.
Main unit prices in the southwest market: 92#: 9046-9313, -54/-178; 0#: 8440-8578, -95/-189. Market price: 92#: 8823-9205, -123/-67; 0#: 8314-8576, -109/-174.Today, the main gasoline and diesel prices in Southwest China have been reduced. From an analysis point of view, the sharp decline in international crude oil combined with the National Development and Reform Commission's price limit reduction has been implemented, which has double negative pressure, and the price of Southwest Gas and Diesel has been under pressure to fall. Due to short-term high temperatures in the southwest, diesel demand is average and gasoline support is acceptable. The middle and lower reaches have a bearish attitude towards the market outlook and are just in need of replenishment. The overall transaction volume of gasoline and diesel is average. International crude oil fluctuates violently, and the market situation is not clear. The middle and lower reaches are cautious in entering the market, and they mainly wait and see. It is expected that the price of gasoline and diesel in the southwest region will remain stable in the short term, with a slight decline.
Main unit price in North China market: 92#9020-9759, -233/+0; 0#8242-8480, -188/-22. Market price: 92# 8800-9558, -130/+0; 0# 7930-8350, -183/-41. From the analysis, crude oil continued to close down, and the decline was relatively large, which negatively affected the refined oil market. The industry's wait-and-see mood intensified, and the National Development and Reform Commission's price reductions were implemented, and main business and social units continued to reduce prices and increase volume. International crude oil fluctuated upward during the session, with limited guidance for the refined oil market. The current market transaction atmosphere is light, and the price upward space is limited. The main business is to wait and see, so it is expected that oil prices in North China will remain stable tomorrow.
Average price of main business units in Northeast China: 92#9608,0; 0#8616,0. Market price: 92#9278, 0; 0#8374, -25. From an analysis point of view, the global economic growth has slowed down, demand concerns have increased, and the US dollar has risen. International crude oil prices have fallen sharply again. In addition, they are facing falling retail price limits. Under the influence of the double short, the prices of gasoline and diesel in Northeast China have fallen one after another. Overall, today’s retail price limit reduction has been implemented, coupled with the psychological pressure caused by the sharp drop in international crude oil, industry players have become more cautious in entering the market. Moreover, because it is still the off-season, price support continues to be poor. It is expected that tomorrow’s independent refinery gasoline and diesel prices in Northeast China will There is still a possibility of decline, with a decline of 30-50 yuan/ton.
Main unit price in South China market: 92#8938-9281, -126/-50; 0#8342-8511, -150/-38. Market price: 92# 8768-8880,-100/-60; 0# 8268-8278,-100/-72. From an analysis point of view, international crude oil closed lower yesterday, and the domestic retail price reduction was realized, which suppressed the market mentality. Some major businesses in the gasoline and diesel industry have high inventories. In order to eliminate inventory, they conduct limited-time diesel promotions and sell them at low prices. However, most of them have a bearish mentality in the market and are cautious in purchasing. The results of the activities are average. From the supply side, there are no new geopolitical changes, and it is difficult for the West to implement new sanctions on Russia quickly; from the demand side, EIA inventory data will be released tonight, and the trend is likely to increase. With the strengthening of the U.S. dollar, concerns about economic recession and inventory Under the combined effect of pressure, overall, it is expected that international oil prices may have room for decline today. The market is mostly bearish, and it is expected that the price of gasoline and diesel will continue to fall by 50 yuan/ton tomorrow.
Overall, today’s domestic 92# gasoline price is 9,114 yuan/ton, down 108 yuan/ton from the previous working day; 0# diesel price is 8,234 yuan/ton, down 71 yuan/ton from the previous working day. Prices in the domestic market continued to decline today, with the decline widening to 70-130 yuan/ton, with a larger decline in the northwest region. At present, crude oil is fluctuating sharply, and the weakness on the demand side outweighs the reality of shortage on the supply side. Today's intraday trend continues to fluctuate, and industry players are increasingly bearish. Today, low-priced large orders for local refining diesel are frequently coming out, and there are still customers stocking up to balance inventory costs and bet on the market outlook. According to the recent macro data indicators released by the country in June, the logistics index, express delivery index, and purchasing managers index have all rebounded. The economic stimulus package is effective and gradually showing up. Don’t be too pessimistic about the demand for oil products in the future. If crude oil pulls back slightly tomorrow or Stable, the diesel market may experience a slight price increase after experiencing good shipments for several consecutive days, and gasoline prices will most likely remain stable or slightly fall.
Today is July 14. Finally, the author will take you to take a look at the retail prices of No. 92 and No. 95 gasoline nationwide after the price adjustment on July 14, 2022. This is also the price situation of various types of gasoline and diesel in 31 provinces, cities and regions across the country today. The following prices are for reference only. For specific retail prices, please refer to actual transactions at local gas stations.
