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Morning Market Update for Mixed C5

Published on 2026-10-23

I. Key Points

  1. Crude Oil: On October 22, international crude oil prices rose due to market concerns over potential escalation of the US-Iran conflict and supply risks triggered by Houthi attacks on Saudi Arabia. NYMEX December crude oil futures closed at $99.47/barrel, up $2.32 (week-on-week change: +2.39%). ICE Brent December futures closed at $113.17/barrel, up $4.35 (week-on-week change: +4.00%). INE Shanghai crude oil futures for delivery in December 2026 rose by ¥1.2 to ¥702/barrel; during the night session, they increased by ¥11.2 to ¥713.2/barrel.
  2. Gasoline: Shandong refinery gasoline prices remained stable yesterday, with a production-sales ratio of 85%.
  3. Mixed C5: The mixed C5 market in Shandong rose yesterday.

Core Logic: Overnight crude oil price increases supported the stability of the gasoline market, while the mixed C5 market in Shandong saw an upward trend.

II. Mixed C5 Price Trend Chart

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III. Price Table

Unit: RMB/ton

Region Oct 21 Oct 22 Change % Change Remarks
Shandong 6960 7210 +250 +3.59%
East China 7150 7150 0 Flat
Notes:
1. The "East China" region excludes Shandong Province.
2. Prices are ex-warehouse cash-inclusive prices in RMB/ton.
3. Percentage change refers to the week-on-week variation.

Source: Chempricehub Information

IV. Market Outlook

The overnight rise in crude oil prices has boosted traders' willingness to enter the market. Supported by crude oil trends, the gasoline market is showing an upward trajectory. Amidst positive market sentiment and yesterday's high-price transactions by mixed C5 refineries, Chempricehub Information forecasts that mixed C5 market prices will rise today.

Comments

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  • Olivier Dupont 2026-10-23 10:04
    Geopolitical tensions are driving up feedstock costs, pushing Shandong Mixed C5 prices by 3.59%. While crude volatility supports the rally, sustained downstream demand is needed to maintain margin stability. I expect con..
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