SunSirs: Energy Industries Bulk Commodity Intelligence (February 10, 2026)

Macroeconomics

1. [Total Social Logistics Volume] According to data from the China Federation of Logistics and Purchasing, the total social logistics volume in China reached 368.2 trillion RMB in 2025, a year-on-year increase of 5.1% at comparable prices. Logistics demand growth remained stable throughout the year. Looking at the long-term trend, the total social logistics volume is projected to grow at an average annual rate of 5.7% during the 14th Five-Year Plan period, exceeding the GDP growth rate for the same period, demonstrating the strong driving effect of logistics on the real economy.

2. [US Tariffs] The United States is working to lower the so-called reciprocal tariffs imposed on Bangladeshi goods and provide new exemptions for textiles. Trump will reduce the overall reciprocal tariffs on Bangladeshi goods to 19%, following a reduction from 37% to 20% last year. The agreement also includes a mechanism allowing certain textiles to receive full tariff exemptions, which will support Bangladesh's garment industry.

Energy

1. [Crude Oil] On February 9th, international crude oil futures rose. The settlement price of the March contract for US WTI crude oil futures was $64.36 per barrel, an increase of $0.81 or 1.3%. Brent crude oil futures for April delivery settled at $69.04 per barrel, up $0.99 or 1.5%.

2. [Crude Oil] On February 9th, a preliminary survey indicated that U.S. crude oil inventories are expected to increase last week, while distillate fuel and gasoline inventories may decline. The average estimate from three analysts surveyed was that U.S. crude oil inventories increased by approximately 950,000 barrels in the week ending February 6th. U.S. gasoline inventories were expected to decline by approximately 2 million barrels, and distillate fuel inventories, including diesel and heating oil, were expected to decline by approximately 1.12 million barrels.

3. [Crude Oil] A survey released on Monday showed that OPEC oil production declined in January due to reduced supply from Nigeria and Libya. The survey showed that OPEC crude oil production in January was 28.34 million barrels per day, a decrease of 60,000 barrels per day from December, with Nigeria experiencing the largest decline.

4. [Petroleum Coke] On February 9, the price of petroleum coke at Guangrao Zhenghe Petrochemical Co., Ltd. was 2,620 RMB/ton, down 200 RMB/ton from the previous trading day, with sulfur content around 1.7-2.0%. The company has an 800,000-ton/year delayed coking unit with a daily output of 350 tons of petroleum coke.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.