Shandong Mixed C5 falls 1.39% on crude decline as East China rises 1.58%

I. Key Points

1. Crude Oil: On November 3, the US-Iran situation did not escalate ahead of the US midterm elections, easing concerns over supply risks and causing international oil prices to fall. NYMEX WTI crude futures (December contract) closed at $96.09/bbl, down $0.37 (-0.38%). ICE Brent crude futures (January contract) closed at $103.60/bbl, down $1.17 (-1.12%). China INE crude oil futures (December 2026 contract) fell by 50.3 yuan to 694.9 yuan/bbl; night session prices dropped a further 16.1 yuan to 678.8 yuan/bbl.
2. Gasoline: Gasoline prices at Shandong refineries declined yesterday, reflecting inventory accumulation.
3. Mixed C5: Trading sentiment in the Shandong market for Mixed C5 remained sluggish yesterday.

Core Logic: Significant overnight declines in crude oil prices led to a downturn in the gasoline market and a subsequent drop in Shandong Mixed C5 prices.

II. Mixed C5 Price Trend Chart

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III. Price Table

Unit: Yuan/ton

Source: Chempricehub Information

IV. Market Outlook

The decline in overnight crude oil prices has dampened traders' willingness to enter the market. Yesterday, gasoline market prices fell amid weak trading activity. Refinery prices for Mixed C5 slipped slightly, with no significant improvement in shipping conditions. Chempricehub Information forecasts that Mixed C5 prices will primarily trend downward today.