Crude Oil: On November 10, mediators including Qatar continued to promote US-Iran negotiations, easing market concerns and causing international oil prices to decline. NYMEX crude oil futures for the December contract fell by $0.81/barrel to $86.04, a change of -0.93% compared to the previous session. ICE Brent crude oil futures for the January contract dropped by $1.08/barrel to $91.49, a change of -1.17%. China INE crude oil futures for the January 2027 contract decreased by 31.4 yuan to 599.3 yuan/barrel during the day session, and fell further by 9.1 yuan to 590.2 yuan/barrel in the night session.
Gasoline: Gasoline prices at Shandong refineries declined yesterday, with a production-sales ratio of 72%.
Mixed C5: Prices for mixed C5 in the Shandong market fell yesterday, with weak shipping sentiment.
Core Logic: Overnight crude oil prices continued their downward trend, leading to a decline in the gasoline market and a drop in mixed C5 prices in Shandong.
(Note: Image content and associated captions such as "Figure 1" or data source lines for charts have been omitted per instructions.)
Unit: Yuan/ton
| Region | Nov 9 | Nov 10 | Change | % Change | Remarks |
|---|---|---|---|---|---|
| Shandong | 6890 | 6750 | -140 | -2.03% | |
| East China | 7380 | 7010 | -370 | -5.01% | |
| Notes: | |||||
| 1. The East China region excludes Shandong Province. | |||||
| 2. Prices are tax-inclusive cash prices for ex-warehouse delivery, denominated in Yuan/ton. | |||||
| 3. Percentage changes represent period-over-period fluctuations. |
Source: Chempricehub Information
The overnight decline in crude oil prices has dampened traders' willingness to enter the market. Yesterday's gasoline market saw price drops, with the production-sales ratio falling below 100%. Mixed C5 prices also declined yesterday amid weak shipping sentiment. Under these bearish conditions, Chempricehub Information forecasts that mixed C5 prices will experience a slight decrease today.
Comments
0