Weekend Summary of Shandong Local Refineries
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2015-10-11 Review of the refined oil market in Shandong’s local refineries. Prices for refined oils in Shandong’s local refineries are given in yuan per ton. Region: 93# gasoline, diesel; National IV standard 0#. Dongying region: 6000–6250 for gasoline, 4750–4900 for diesel. Zibo region: 6250–6350 for gasoline, 4850–4950 for diesel (+20). Binzhou region: 6150–6400 for gasoline, 4750–5000 for diesel. Weifang region: 6100–6250 for gasoline, 4800–4950 for diesel
The current market lacks any news-driven guidance; today, the local refineries in Shandong are mainly maintaining their prices, with only a few manufacturers making adjustments. The overall trading atmosphere was relatively weak, with average transaction volumes.
The prices of gasoline and diesel at various local refineries in Shandong remain relatively stable; only Shenchí, Qingyuan, and Binyang Renhua have seen slight adjustments, with increases being the predominant trend, ranging from 50 to 80 yuan per ton. The current market is characterized by a strong atmosphere of caution; many players are waiting for future news developments to guide their decisions, adopting a conservative approach and making purchases only as needed. Overall, the buying and selling atmosphere among local refineries remains relatively sluggish, with no significant improvement in transactions.
Outlook for the future: Given that crude oil prices are likely to remain stable and rise in the coming period, refineries are acting accordingly. Moreover, with strong expectations of further price increases in this round of adjustments, some industry players are optimistic about the future, and it is expected that prices of gasoline and diesel will continue to rise slightly in the coming time.