On Tuesday, the closing price of the international crude oil market declined. On January 28th, the price of refined oil in the Northeast region rose. The overall price of 92# gasoline was between 7,100-7,200 RMB/ton, the price range of 95# gasoline was between 7,200-7,300 RMB/ton, and the price range of diesel was between 5,800-5,900 RMB/ton.
The article points out that the price of refined oil in Northeast China has risen, with diesel prices ranging from 5,800-5,900 RMB/ton, indicating strong local demand or tight supply driving up spot prices. Although the decline in international crude oil prices may bring slight bearish pressure on cost reduction, local refining factors dominate the bullish trend, and it is expected that short-term spot prices will maintain an upward trend.
The article shows that the prices of 92# and 95# gasoline have risen to 7,100-7,200 RMB/ton and 7,200-7,300 RMB/ton respectively, reflecting the active refined oil market in Northeast China and pushing up spot prices. Despite the potential negative impact of the international crude oil decline, the clear signal of local price strength indicates strong demand support, which is favorable for the short-term performance of the spot market.
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