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Morning Market Briefing on Mixed C5

Published on 2026-10-16

I. Key Focus Points

  1. Crude Oil: On October 15, tightening geopolitical tensions in the Middle East continued to sustain supply risks, while market sentiment regarding global demand prospects remained pessimistic, leading to mixed movements in international oil prices. NYMEX crude oil futures (November contract) rose by USD 2.88/bbl to USD 97.97/bbl, a day-on-day increase of +3.03%; ICE Brent crude oil futures (December contract) fell by USD 0.14/bbl to USD 105.92/bbl, a day-on-day decrease of -0.13%. China INE crude oil futures (December 2026 contract) dropped by CNY 21.3 to CNY 725.2/bbl during the day session and rose by CNY 0.8 to CNY 726/bbl during the night session.

  2. Gasoline: Yesterday, Shandong refinery gasoline prices moved sideways with consolidation trends; the production-sales ratio stood at 69%.

  3. Mixed C5: The Shandong market price for mixed C5 declined slightly yesterday.

Core Logic: Overnight crude oil prices fluctuated within a narrow range, gasoline market conditions remained consolidated, and the Shandong mixed C5 market trended weakly.

II. Mixed C5 Price Trend Chart

III. Price Table

Unit: CNY/ton

Region Oct 13 Oct 14 Change % Change Remarks
Shandong 7080 6910 -170 -2.40%
East China 7880 7880 0 Flat
Notes:
1. East China region excludes Shandong Province.
2. Prices are ex-warehouse, spot cash, VAT-inclusive, in CNY/ton.
3. Change rate refers to day-on-day percentage change.

Source: Chempricehub Information

IV. Market Outlook

Overnight crude oil prices fluctuated within a narrow range, providing limited guidance to the market. Refinery gasoline inventories continue to accumulate, suggesting potential price reductions today to facilitate shipments. End-user demand remains sluggish, and mixed C5 sales were poor yesterday. Chempricehub anticipates that the mixed C5 market will continue to consolidate weakly today.

Comments

0
  • Wei Zhang 2026-10-16 10:03
    Mixed C5 slid 2.40% amid weak downstream demand and rising inventories. With crude volatility persisting, I expect continued consolidation as capacity utilization struggles to absorb excess supply. The margin squeeze on ..
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