SunSirs: Regular Replenishment before Qingming Festival, China mineral oil market was Stable
April 07 2024 10:34:13 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, as of April 3rd, the average price of mineral oil in the market was 8,400 RMB/ton, and on March 28th, the average price of mineral oil in the market was 8,400 RMB/ton, indicating stable price operation.
In terms of cost: Last week, crude oil stopped falling and rebounded, with insufficient positive market news.
In terms of supply and demand: Some large manufacturers of light mineral oil have raised prices for individual products, and overall product prices remain stable. Downstream manufacturers generally restock.
There is no positive support before Qingming Festival, but based on some large factories raising their prices, it is expected that the mineral oil market will remain stable and have a downward trend in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 2024-04-15 SunSirs: International Crude Oil Prices Rose, while China Mineral oil Prices Fluctuated and Strengthened
- 2024-04-01 SunSirs: China Mineral oil Market Fluctuated and Fell in March
- 2024-03-26 SunSirs: Market Benefits are Difficult to Sustain, China Mineral Oil Prices are Weak and Consolidating
