White oil continues to fall after the holidays, with no improvement in the short term

According to Longzhong Information: The Golden Nine and Silver Ten are coming to an end, but this year’s market has gone in the opposite direction. The peak season is not prosperous and the decline is difficult to stop. The biggest factor is the public health incident at the beginning of this year. Affected by domestic public health events at the beginning of the year, crude oil prices experienced a rollercoaster-like decline. The sharp decline in upstream raw materials had a great impact on the industrial white oil market. Prices continued to decline. In the traditional gold, nine and silver ten seasons, downstream demand did not improve and fell. endlessly.

Figure 1 Comparison of domestic 5# industrial white oil and crude oil price trends<br/