I. Key Focus Points
Crude Oil: On September 28, tensions between the US and Iran remained deadlocked, sustaining market concerns over supply risks and driving international oil prices higher. The NYMEX November crude oil futures contract rose by $0.19/bbl to $92.60, a +0.21% change compared to the previous period; the ICE Brent November futures contract rose by $0.96/bbl to $105.28, a +0.92% change. China's INE November crude oil futures contract (SC2611) rose by 9.3 yuan to 734.1 yuan/bbl during the day session but fell by 22.5 yuan to 711.6 yuan/bbl in the night session.
Gasoline: Yesterday, gasoline market prices at Shandong refineries rose, with production-sales rates reaching 100%.
Mixed C5: The mixed C5 market in Shandong showed firm trading trends.
Core Logic: Overnight crude oil gains supported stronger gasoline market sentiment, leading to slight upward movement in Shandong mixed C5 prices.
II. Mixed C5 Price Trend Chart
| Figure 1: Domestic Mixed C5 Price Trend (Yuan/Ton) |
|---|
| Source: Longzhong Information |
III. Price Table
Unit: Yuan/Ton
| Region | Sep 24 | Sep 28 | Change | % Change | Remarks |
|---|---|---|---|---|---|
| Shandong Region | 7450 | 7500 | +50 | +0.67% | |
| East China Region | 7400 | 7300 | -100 | -1.35% | |
| Notes: | |||||
| 1. The East China region excludes Shandong Province. | |||||
| 2. Prices are cash-on-delivery, VAT-inclusive, in Yuan/ton. | |||||
| 3. Percentage changes reflect period-over-period fluctuations. |
Source: Chempricehub
IV. Market Outlook
Although overnight crude oil prices rose, the magnitude of the increase provided limited support to the broader market. Gasoline prices remained stable within a narrow range, with healthy sales momentum. With the National Day holiday approaching, Chempricehub expects the mixed C5 market to maintain stability with minor fluctuations.
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