Key Points
Crude Oil: On October 14, Houthi rebels attacked Saudi energy facilities, heightening market concerns over supply risks and driving up international crude oil prices. The NYMEX November futures contract closed at $95.09/bbl, up $0.95/bbl (+1.01% WoW); the ICE Brent December futures contract closed at $106.06/bbl, up $0.37/bbl (+0.35% WoW). The INE crude oil futures contract for December 2026 rose by 14.5 to 746.5 yuan/bbl during the day session but fell by 17 to 729.5 yuan/bbl in the night session.
Gasoline: Yesterday, gasoline prices at refineries in Shandong remained stable, with a production-to-sales ratio of 86%.
Mixed C5: Yesterday, the mixed C5 market in Shandong operated weakly.
Core Logic: Overnight crude oil prices rose, while the gasoline market remained stable; the mixed C5 market in Shandong showed weakness.
| Figure 1: Domestic Mixed C5 Price Trend (Yuan/ton) |
|---|
| Data Source: Longzhong Information |
Unit: Yuan/ton
| Region | Oct 13 | Oct 14 | Change | % Change | Remarks |
|---|---|---|---|---|---|
| Shandong | 7260 | 7080 | -180 | -2.48% | |
| East China | 7880 | 7880 | 0 | Flat | |
| Notes: | |||||
| 1. East China region excludes Shandong Province. | |||||
| 2. Prices are tax-inclusive cash-and-carry prices in yuan/ton. | |||||
| 3. % change is the week-over-week variation rate. |
Source: Chempricehub Information
The rise in overnight crude oil prices provided support to the market. As many gasoline refineries have failed to meet their production-to-sales targets for several days, prices are expected to remain stable today. Although sentiment in the mixed C5 market regarding shipments is poor, support from crude oil prices suggests that Chempricehub expects the mixed C5 market to maintain stability and trade sideways today.
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