Domestic white oil market is not positive enough and has great upward resistance

Since August, the domestic white oil market has entered a stage of shock and consolidation, with the average price still declining to a certain extent compared with the first half of the year. The country has ushered in the Golden Nine and Silver Ten, but due to the constraints of insufficient demand, the market has recently encountered a bottleneck.

According to Longzhong Information: As of August 31, the average price of domestic 5# industrial white oil was 3962.5 yuan/ton, an increase of 12.5 yuan from the end of July. / ton, an increase of 0.32%. It dropped 29.92% from the same period last year, with a drop of as much as 1,700 yuan/ton. With the end of the traditional off-season, whether there will be new breakthroughs in the market during the "Golden Nine and Silver Ten" periods is also a topic of common concern for upstream and downstream consumers.

Domestic 5# industrial white oil price trend from 2018 to 2020.