SunSirs: Falling Crude Oil Prices Drag Down Refined Oil Prices in Northeast China
April 10 2026 13:55:11 SunSirs (Selena)
On Wednesday, international crude oil markets closed lower. Consequently, on April 9, prices for refined oil products from independent refineries in Northeast China trended downward. The general price range for 92# gasoline settled between 9,700 and 9,800 RMB/ton, while 95# gasoline traded within a range of 9,800 to 9,900 RMB/ton; diesel quotations ranged from 8,300 to 8,400 RMB/ton.
The decline in international crude oil prices has led to reduced production costs for refined oil products. In Northeast China, the quoted range for diesel has dropped to 8,300–8,400 RMB/ton, signaling a downward trend in spot market prices. The sluggishness of the crude oil market is directly influencing the pricing strategies of independent refineries; with supply-demand dynamics currently favoring buyers, this exerts general bearish pressure on diesel spot prices, which are expected to remain under downward pressure in the short term.
The drop in international crude oil prices has triggered a reduction in refined oil production costs, causing prices for 92# and 95# gasoline in Northeast China to fall to 9,700–9,800 RMB/ton and 9,800–9,900 RMB/ton, respectively. Signals of a weak crude oil market have reinforced the incentive for independent refineries to lower prices; meanwhile, the demand side has failed to provide any significant support. This combination creates general bearish pressure on gasoline spot prices, which are likely to continue exhibiting weak, volatile fluctuations in the short term.
SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.
- 2026-05-15 SunSirs: Analysis of the Impact of April U.S. Economic Data on Energy Prices
- 2026-05-12 SunSirs: Analysis of Related Commodities Following International Crude Oil Gains on May 11
- 2026-05-09 SunSirs: International Crude Oil Closes Higher — Analysis of Related Commodity Market Trends
- 2026-05-08 SunSirs: China Domestic Refined Oil Retail Prices to Rise at Midnight on May 8
- 2026-05-08 SunSirs: Market Insights into the Energy and Chemical Industry
