I. Key Points
Crude Oil: On September 11, despite ongoing tensions in the Middle East, diplomatic efforts by multiple parties to ease risks led to a decline in international oil prices. NYMEX WTI crude futures (October contract) fell by USD 2.43/bbl to USD 100.05/bbl, a week-on-week change of -2.37%. ICE Brent crude futures (November contract) dropped by USD 3.02/bbl to USD 104.61/bbl, a week-on-week change of -2.81%. China's INE crude oil futures (contract 2610) rose by CNY 41.5 to CNY 809.9/bbl during the day session, and increased by CNY 40.2 to CNY 850.1/bbl in the night session.
Gasoline: Over the weekend, the Shandong refinery gasoline market trended downward, with sluggish sales sentiment.
Mixed C5: The Shandong mixed C5 market experienced narrow fluctuations over the weekend.
Core Logic: Crude oil prices rose intraday, while the gasoline market declined. The Shandong mixed C5 market also weakened.
II. Mixed C5 Price Trend Chart
| Figure 1: Domestic Mixed C5 Price Trend (CNY/ton) |
|---|
| Data Source: Longzhong Information |
III. Price Table
Unit: CNY/ton
| Region | Sep 4 | Sep 11 | Change | % Change | Remarks |
|---|---|---|---|---|---|
| Shandong | 7980 | 8030 | +50 | +0.63% | |
| East China | 7650 | 7880 | +230 | +3.01% | |
| Notes: | |||||
| 1. East China region excludes Shandong Province. | |||||
| 2. Prices are tax-inclusive cash prices for warehouse pickup, in CNY/ton. | |||||
| 3. Percentage changes represent week-on-week variations. |
Source: Chempricehub Information
IV. Market Outlook
Crude oil prices rose intraday. Refinery gasoline inventories remain at low levels, providing some support for prices. However, the circulation volume in the mixed C5 market has increased. With bullish and bearish factors in equilibrium, Chempricehub Information expects the mixed C5 market to trade weakly today.
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