I. Key Points
Crude Oil: On October 28, international crude oil prices rose due to market concerns over escalating US-Iran conflict risks and continued Houthi attacks on Saudi energy facilities. The NYMEX WTI December contract closed at $102.78/bbl, up $2.88/bbl (+2.88% WoW). The ICE Brent December contract closed at $115.32/bbl, up $1.44/bbl (+1.26% WoW). China INE crude oil futures for the December 2026 contract fell by 9.2 yuan to 722.4 yuan/bbl during the day session but rose by 15.1 yuan to 737.5 yuan/bbl in the night session.
Gasoline: Shandong refinery gasoline prices remained stable yesterday, with a production-sales ratio of 90%.
Mixed C5: Mixed C5 prices in the Shandong market increased yesterday.
Core Logic: Overnight crude oil price increases, stable gasoline market trends, and rising mixed C5 prices in Shandong.
II. Mixed C5 Price Trend Chart
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III. Price Table
Unit: Yuan/ton
| Region | Oct 27 | Oct 28 | Change | % Change | Remarks |
|---|---|---|---|---|---|
| Shandong | 7330 | 7390 | +60 | +0.82% | |
| East China | 7350 | 7350 | 0 | Flat | |
| Notes: | |||||
| 1. East China region excludes Shandong Province. | |||||
| 2. Prices are warehouse spot cash inclusive of tax, unit: Yuan/ton. | |||||
| 3. Change rate refers to week-over-week change. |
Source: Chempricehub
IV. Market Outlook
The overnight rise in crude oil prices has boosted market participants' willingness to enter the market. Trading activity in the gasoline market intensified yesterday. Refinery shipments of mixed C5 also saw improved sentiment yesterday, with end-users chasing higher prices. Given today's support from crude oil, Chempricehub forecasts that mixed C5 prices will continue to rise today.
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