Morning Market Alert for Mixed C5

I. Key Points

1. Crude Oil: On October 13, escalating conflicts between the Houthis and Saudi Arabia heightened supply risks, while the market assessed expectations of increased Russian supply, resulting in mixed movements in international crude oil prices. The NYMEX November crude oil futures contract rose by USD 0.40/bbl to USD 94.14/bbl, a week-on-week change of +0.43%. The ICE December Brent crude oil futures contract fell by USD 0.96/bbl to USD 105.69/bbl, a week-on-week change of -0.90%. The INE December crude oil futures contract (SC2612) rose by CNY 22.5 to CNY 732/bbl, with night session trading rising by CNY 8.6 to CNY 740.6/bbl.
2. Gasoline: Yesterday, Shandong refinery gasoline prices remained stable, with a production-to-sales ratio of 82%.
3. Mixed C5: Yesterday, the Shandong market for mixed C5 showed weak trends.

Core Logic: Overnight crude oil prices fluctuated within a narrow range; gasoline market prices remained stable; Shandong mixed C5 market trends were weak.

II. Mixed C5 Price Trend Chart

III. Price Table

Unit: CNY/ton

Source: Chempricehub Information

IV. Market Outlook

Overnight crude oil prices fluctuated within a narrow range, providing limited guidance to the market. Refineries have failed to achieve balanced production and sales ratios for several days. Although crude oil prices remain high, end-user demand is bearish, and mixed C5 shipments have been poor for several days. Chempricehub expects the mixed C5 market to trend weakly today.