Today, Sunday, July 3, 2022, four working days have passed since the 13th round of domestic refined oil price adjustment cycle in 2022, and good news has come! Although the supply of Libya has declined significantly, and the market is worried that OPEC+'s ability to increase production is not as expected, international oil prices rebounded (specifically, NYMEX crude oil futures 08 contract rose 2.67 US dollars per barrel or 2.52%; ICE Brent oil futures exchange month 09 contract rose 2.60 US dollars per barrel at 111.63 / barrel or 2.38%. The main contract of China INE crude oil futures fell 29.2 to 705.4 yuan/barrel, and rose 8.4 to 713.8 yuan/barrel in night trading).
However, compared with the average international crude oil price that was initially linked to the price adjustment, the current international oil price still has a significant decline, which is also the main reason why the current crude oil change rate is negative. According to the monitored data, as of now, it is currently expected to be reduced by 75 yuan/ton (0.06 yuan/liter-0.07 yuan/liter). The next oil price adjustment will be at 24:00 on July 12, so this time the oil price will be adjusted again on July 12. fell.
Based on the current domestic refined oil market analysis, the main unit prices in the northwest market are: 92#9176-11009, +50; 0#8626-9410, +50. Market price: 92#8950-9150, -10/+50; 0#8500-8850, -25/+50. From an analysis point of view, Shaanxi Yanchang Group cut prices and promoted sales, with good shipments, low inventory, and rising gasoline and diesel prices. Shaanxi's main sales company gasoline and diesel prices followed suit, and other regions focused on maintaining stability; the overall shipments of gasoline and diesel from social units in the northwest were average, and prices fell, but the cost support decline was limited. 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 gasoline and diesel will be lowered to maintain stability.
Main unit price of in East China market: 92#9065-9326, -95/0; 0#8346-8638, -55/0. Market price: 92# 8988-9200, -55/0; 0# 8171-8500, -15/0. According to analysis, international oil prices continue to fall, which suppresses market sentiment. Industry operators are becoming more cautious in purchasing, and mainly purchase for urgent needs. The demand for gasoline and diesel in the region has stabilized. At the beginning of the month, the main operating units started a new round of tasks, and the sales pressure has been suspended. Prices are stable and the market is stable. Only the main units in Shandong have slightly reduced prices, while social units in the region continue to cut prices for gasoline and diesel.
Looking at the market outlook, there are signs that the U.S. economic performance is weaker than expected, The decline in U.S. stocks also suppressed the sentiment of the crude oil futures market. However, the current fundamentals of the crude oil market have not changed significantly, the pattern of weak supply is still there, and the bottom support for oil prices is still solid. In East China, the demand for gasoline is stable, while the demand for diesel has been suppressed due to high temperatures and the rainy season. It is expected that gasoline prices will be relatively strong in the short term, while diesel prices will continue to fall slightly.
main unit price in central China market: 92#9328-9650, -28/-83/0; 0#8555-8745, -20/-38/-40/+12. Market price: 92# 9100-9350, 0; 0# 8400-8600, 0. From an analysis point of view, international oil prices continue to fall, suppressing market sentiment. The bearish atmosphere in the market continues, and industry players tend to be cautious in purchasing, mainly buying for urgent needs. The demand for gasoline and diesel in the region has tended to be stable. At the beginning of the month, the main business units maintained stable prices and watched the market. The overall gasoline and diesel shipments of social units in the region were average and prices remained stable. 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 will remain stable in the short term, with sporadic adjustments.
Average price of main business units in Northeast China: 92#9741, 0; 0#8666, 0. Market price: 92#9278, 0; 0#8442, -38. From the analysis, crude oil closed lower and the market mentality was weak. At the beginning of July, the main operating units have no sales pressure, so today the prices of main gasoline and diesel are mainly stable. Due to the continued poor demand in local refining, the price of diesel has fallen slightly, and the demand for gasoline is strong, so the price is mainly stable. On the whole, the pressure of global economic slowdown has led to the realization of profits by bulls. The crude oil market is more likely to decline in the future, which presents a negative guidance for the refined oil market. Currently, the enthusiasm of the industry to purchase goods has weakened. Many investors are mainly waiting and watching to stabilize prices. It is expected that the independent refining in Northeast China will happen tomorrow. The prices of factory gasoline and diesel are mainly stable.
Main unit price in southwest market: 92#: 9170-9495, 20/-4; 0#: 8663-8810, 28/0. Market price: 92#: 9123-9305, -36/-20; 0#: 8545-8720, -21/-10. Southwest's main gasoline and diesel stocks were mixed today. From an analysis point of view, the price of crude oil fell overnight, which suppressed the mentality of industry players entering the market.However, at the beginning of the month, the semi-annual assessment of the main business unit ended. In the new assessment cycle, the willingness to raise prices was strong. Prices in the previous activities gradually recovered, and prices rose slightly. Some social units took advantage of the trend and raised prices. The midstream and downstream sectors are mostly digesting early inventory, and market trading is light. The main business unit has entered a new assessment cycle, with less task pressure and bottom support for prices. However, it is still the rainy season in southwest China and the demand for diesel is average. Gasoline is supported by air conditioning oil. In summary, it is expected that the gasoline and diesel prices in southwest China will stop falling and stabilize next week.
main unit price in North China market: 92#9240-10022, -120/0; 0#8430-8680, -73/+14. Market price: 92#8948-9695, -105/0; 0# 8270-8600, -135/0. According to analysis, the decline in crude oil closing prices suppressed domestic oil prices. At the same time, it prompted some low-stock operators to enter the market to replenish their stocks. Diesel sales during the day were acceptable. Some main stores that had low-price promotions at the end of June had reduced discounts in July, and transaction prices increased. The market has a heavy wait-and-see sentiment for July, with a high enthusiasm for replenishing and building positions at dips. There is a possibility of large orders being completed at any time in the market. The market price under insufficient demand will be related to the fluctuation of crude oil and the enthusiasm of market participants to participate.
Main unit price in South China market: 92#9156-9381, -62/0; 0#8518-8681, -20/12. Market price: 92# 9106-9128,-27/0; 0# 8491-8508,-18/0. From an analysis point of view, international crude oil closed down yesterday, which suppressed market sentiment. The main gasoline and diesel prices fell steadily. The purchasing mentality of mid-stream and downstream companies remained cautious, and they mostly purchased on demand. Some traders have low diesel stocks and are selling in limited quantities. Before the next Federal Reserve meeting in mid-July, it is expected that Western sanctions on Russia and the peak fuel consumption season will still be the focus, and the fundamentals will still be supportive. It is expected that international oil prices may have room to rise next week and remain in a high range. The demand for gasoline and diesel has improved slightly. It is expected that the price of gasoline and diesel will rise steadily next week, with an increase of 0-50 yuan/ton.
Overall, the decline in international oil prices has suppressed the mentality of industry players. There is a strong wait-and-see atmosphere in the oil market in the region. Shandong refineries have reduced prices and promotions to ensure shipments. However, midstream and downstream merchants are cautious in purchasing operations, and most market transactions are mainly small orders from retail investors. . Relevant statistics show that today the gasoline production and sales of independent refineries in Shandong are flat, mainly increasing inventory; diesel production and sales exceed one million, mainly reducing inventory. Affected by this, the gasoline and diesel prices in Shandong are expected to stop falling and stabilize. Refineries flexibly adjust their sales strategies based on their own shipments and inventory conditions. Midstream and downstream merchants are in urgent need of procurement, and the market trading atmosphere is flat. To sum up, it is expected that gasoline prices at independent refineries in Shandong will fall slightly tomorrow and diesel prices will stabilize. On Sunday, some refineries may tentatively push prices.
Today is July 3. Finally, the author will take you to take a look at the latest 92 and 95 gasoline and diesel prices on July 3, 2022. This is also the retail price limit of various types of gasoline and diesel in 31 provinces and cities across the country today. The following prices are for reference only. For specific retail prices, please refer to actual transactions at local gas stations.
