Weekly Market Outlook for Mixed C5

I. Key Focus Areas

1. Crude Oil: On November 6, the market focused on the risk of renewed conflict between the US and Iran, while mediators continued to push for peace talks. International crude oil prices rose slightly. NYMEX WTI crude futures (December contract) closed at $90.83/bbl, up $0.31/bbl (+0.34% WoW); ICE Brent crude futures (January contract) closed at $98.32/bbl, up $0.03/bbl (+0.03% WoW). China INE crude oil futures (SC2701 contract) rose by CNY 1.2 to CNY 631.8/bbl during the day session, and increased by CNY 2.1 to CNY 633.9/bbl in the night session.
2. Gasoline: Gasoline prices at Shandong refineries declined over the weekend, with production-sales ratios below 100%.
3. Mixed C5: Mixed C5 prices in the Shandong market dropped over the weekend, with weak sales sentiment.

Core Logic: Overnight crude oil rebounded, but gasoline market conditions deteriorated, leading to a decline in the Shandong mixed C5 market.

II. Mixed C5 Price Trend Chart

III. Price List

Unit: CNY/ton

Source: Chempricehub Information

IV. Market Outlook

Intraday crude oil trading was predominantly downward, suppressing market participants' willingness to enter. Weekend gasoline market prices fell amid sluggish trading activity. Given bearish terminal demand sentiment, Chempricehub Information forecasts that today's mixed C5 market will continue its downtrend.