Biodiesel Network September 25th: From the end of September to the end of September, the domestic biodiesel market buying and selling atmosphere is weak, the refinery shipments are difficult to substantially increase, and the market price fluctuates at a low level.
In terms of news: In the near term, global crude oil production will be cut again, while the sharp rise in US gasoline prices further pushed up oil prices. However, US oil inventories fell as expected but gasoline inventories surged and the performance of China-Europe economic data fell badly. Therefore, the international crude oil futures price has a volatile pattern, and the crude oil change rate is near the red line of the price adjustment. The current round of refined oil price adjustments still exists. For the domestic biodiesel market, it is difficult to give clear guidance to the news.
Demand: Domestic biodiesel is mainly used in the blending oil market and the chemical plasticizer market. Since the beginning of this week, the performance of the domestic blending oil market has been relatively calm, and the gains have slowed down significantly. According to the monitoring data, the price of 0# blended diesel in Shandong area has increased slightly, but the mentality of oil adjusters is still cautious, and the quantity of raw materials purchased into the market is maintained just enough. Since the beginning of this week, the plasticizer market has shown a downward trend. The refinery has a strong bearish sentiment and the offer continues to be shipped. On the whole, the demand side is still flat, the shipments of biodiesel manufacturers are difficult to increase significantly, and the shipping price is weak.
Supply: This week, although the operating rate of biodiesel equipment increased slightly from last week, biodiesel production increased slightly, but most biodiesel manufacturers still maintain low output and low inventory operations.
Other aspects: biodiesel raw materials - vegetable oil, waste oil and other prices tend to be stable, biodiesel lacks cost support, market prices are weak. In addition, the price of substitutes is low, and the current domestic non-standard diesel and domestic diesel prices are relatively low, posing a great threat to biodiesel.
Market outlook: In the short-term, the international crude oil futures price may continue to fluctuate, the oil market instability factors still exist, the price of refining diesel and blending diesel oil may fluctuate within a narrow range, and the external factors are difficult to give guidance to domestic biodiesel; In the process of recovery, downstream users enter the market to purchase more and just need to maintain. In summary, it is expected that the domestic biodiesel market will be stable in the short term.
In terms of news: In the near term, global crude oil production will be cut again, while the sharp rise in US gasoline prices further pushed up oil prices. However, US oil inventories fell as expected but gasoline inventories surged and the performance of China-Europe economic data fell badly. Therefore, the international crude oil futures price has a volatile pattern, and the crude oil change rate is near the red line of the price adjustment. The current round of refined oil price adjustments still exists. For the domestic biodiesel market, it is difficult to give clear guidance to the news.
Demand: Domestic biodiesel is mainly used in the blending oil market and the chemical plasticizer market. Since the beginning of this week, the performance of the domestic blending oil market has been relatively calm, and the gains have slowed down significantly. According to the monitoring data, the price of 0# blended diesel in Shandong area has increased slightly, but the mentality of oil adjusters is still cautious, and the quantity of raw materials purchased into the market is maintained just enough. Since the beginning of this week, the plasticizer market has shown a downward trend. The refinery has a strong bearish sentiment and the offer continues to be shipped. On the whole, the demand side is still flat, the shipments of biodiesel manufacturers are difficult to increase significantly, and the shipping price is weak.
Supply: This week, although the operating rate of biodiesel equipment increased slightly from last week, biodiesel production increased slightly, but most biodiesel manufacturers still maintain low output and low inventory operations.
Other aspects: biodiesel raw materials - vegetable oil, waste oil and other prices tend to be stable, biodiesel lacks cost support, market prices are weak. In addition, the price of substitutes is low, and the current domestic non-standard diesel and domestic diesel prices are relatively low, posing a great threat to biodiesel.
Market outlook: In the short-term, the international crude oil futures price may continue to fluctuate, the oil market instability factors still exist, the price of refining diesel and blending diesel oil may fluctuate within a narrow range, and the external factors are difficult to give guidance to domestic biodiesel; In the process of recovery, downstream users enter the market to purchase more and just need to maintain. In summary, it is expected that the domestic biodiesel market will be stable in the short term.
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