SunSirs: No Positive Support on the Cost Side currently, China Mineral Oil Market Price Lowered
March 13 2024 10:36:43 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, as of March 11th, the average price of mineral oil in the market was 8,433 RMB/ton, and on March 4th, the average price of mineral oil in the market was 8,633 RMB/ton, a decrease of 2.32% from last week.
In terms of cost: International oil prices have fluctuated and fallen, and there is currently no positive support for cost.
In terms of supply and demand, the market lacks positive momentum and shows an overall pattern of slightly oversupply. Manufacturers are operating slowly, digesting early inventory, and the market transaction performance is weak.
In March, the international crude oil market will fluctuate, downstream demand will gradually start, market trading will recover, and the mineral oil market will maintain stable operation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-29 SunSirs: Mineral Oil Market Prices steadily Increased in China in April
- 2024-04-22 SunSirs: Strong Cost Support, Leading to an Increase in China Mineral Oil Market
- 2024-04-15 SunSirs: International Crude Oil Prices Rose, while China Mineral oil Prices Fluctuated and Strengthened
- 2024-04-07 SunSirs: Regular Replenishment before Qingming Festival, China mineral oil market was Stable
- 2024-04-01 SunSirs: China Mineral oil Market Fluctuated and Fell in March
