| Date: | Tuesday, 30 January 2007 |
| Session: | Day 1 (of 4) |
| Track: | Cheste |
| Track length: | 4.005 km |
| Weather: | Overcast, rain in the morning (Air: 8-12°C, Track: 9-13°C) |
| News article: | Valencia: Alonso dominates on day 1 |
| P | Driver | Constructor | Car | T | Time | Gap | Avg Speed | Laps |
| 1 | Fernando Alonso | McLaren-Mercedes | MP4-22 | B | 1:12.563 | 198.696 | 85 | |
| 2 | Nelson Piquet jr. | Renault | R27 | B | 1:13.549 | 0.986 | 196.033 | 27 |
| 3 | Franck Montagny | Toyota | TF107 | B | 1:13.672 | 1.109 | 195.705 | 33 |
| 4 | Sebastian Vettel | BMW Sauber-BMW | F1.07 | B | 1:13.683 | 1.120 | 195.676 | 75 |
| 5 | Kimi Räikkönen | Ferrari | F2007 | B | 1:13.691 | 1.128 | 195.655 | 45 |
| 6 | Jarno Trulli | Toyota | TF107 | B | 1:13.735 | 1.172 | 195.538 | 50 |
| 7 | Nick Heidfeld | BMW Sauber-BMW | F1.07 | B | 1:13.848 | 1.285 | 195.239 | 49 |
| 8 | Giancarlo Fisichella | Renault | R27 | B | 1:13.867 | 1.304 | 195.189 | 34 |
| 9 | Rubens Barrichello | Honda | RA107 | B | 1:14.025 | 1.462 | 194.772 | 29 |
| 10 | Kazuki Nakajima | Williams-Toyota | FW28B | B | 1:14.520 | 1.957 | 193.478 | 51 |
| 11 | James Rossiter | Honda | RA106 | B | 1:14.643 | 2.080 | 193.159 | 37 |
| 12 | Takuma Sato | Super Aguri-Honda | SA Interim Car | B | 1:15.674 | 3.111 | 190.528 | 27 |
| 13 | Mark Webber | Red Bull-Renault | RB3 | B | 1:15.726 | 3.163 | 190.397 | 27 |
| 14 | Luca Badoer | Ferrari | 248 F1 | B | 1:16.334 | 3.771 | 188.880 | 35 |