On Tuesday, the international crude oil market closed higher; however, on April 15, refined oil prices at regional refineries in Northeast China trended downward. The overall price for 92# gasoline ranged from 8,700 to 8,800 RMB/ton, the price range for 95# gasoline was between 8,800 and 8,900 RMB/ton, and the quoted range for diesel was 7,800 to 7,900 RMB/ton.

While the rise in international crude oil prices provided cost-side support for diesel, refined oil prices at regional refineries in Northeast China moved lower—with the diesel quotation range falling to 7,800–7,900 RMB/ton. This indicates that either an oversupply within the regional refinery market or weak demand was the dominant factor driving spot price trends.

Although the rise in international crude oil prices offered positive support to the cost side of gasoline production, prices for 92# gasoline (ranging from 8,700 to 8,800 RMB/ton) and 95# gasoline (ranging from 8,800 to 8,900 RMB/ton) trended downward. This suggests that intense competition among regional refineries in Northeast China, or insufficient consumer demand, was responsible for the downward pressure on prices.

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