1. Focus Points
Crude oil: On September 7, the U.S.–Iran conflict continued, and an attack on Saudi oil facilities kept supply risks alive, pushing international oil prices higher. NYMEX crude futures were closed for the U.S. Labor Day holiday, with no settlement price. ICE Brent futures for November delivery rose $0.72/bbl to $97/bbl, up 0.75% from the previous session. China's INE crude futures for the 2610 contract gained 5.4 yuan/bbl to 688.5 yuan/bbl, then added 11.9 yuan/bbl to 700.4 yuan/bbl in overnight trading.
Gasoline: Yesterday, the gasoline market from Shandong refineries moved weakly, with the production-to-sales ratio below 100%.
Mixed C5: Yesterday, mixed C5 prices fell in the Shandong market.
Core logic: Crude oil prices opened higher, the gasoline market slipped slightly, and Shandong mixed C5 prices declined.
2. Price List
Unit: yuan/ton
| Region | Sept. 4 | Sept. 7 | Change | Change % | Remarks |
|---|---|---|---|---|---|
| Shandong | 7980 | 7850 | -130 | -1.63% | |
| East China | 7650 | 7600 | -50 | -0.65% |
Notes:
Source: Chempricehub
3. Market Outlook
Crude oil opened lower, but the decline offers limited guidance to the market. Trading sentiment in the gasoline market has improved. Mixed C5 supply is expected to recover. Chempricehub expects the mixed C5 market to remain weak and volatile today.
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