D60

D60 Commodity Market Intelligence Report (June 24, 2026)

I. Recent Price Dynamics
| Date | Supplier/Brand | Delivery Location | Price (CNY/ton) | Specification | Packaging | Remarks |
|------------|--------------------------------------|-----------------------|-----------------|---------------|------------------|----------------------------------------------|
| 2026-06-23 | Shandong Jinshengrun Chemical Co., Ltd. | Jinan City, Shandong Province | 8,300 | 99% Premium Grade | 160 kg/drum | Tax-inclusive market price; valid for 3 days |
| 2026-06-23 | Shandong Hongyang Chemical Co., Ltd. | Shandong Province | 9,500 | 99% Premium Grade | Not specified | Tax-inclusive market price; valid for 3 days |
| 2026-06-16 | Wuhan Hengjiu Chemical Co., Ltd. | Hubei Province | 8,800 | Not specified | Not specified | Domestic product; quoted jointly with D40–D200 |
| 2026-06-16 | Nanjing Runsheng Petrochemical Co., Ltd. | Nanjing City, Jiangsu Province | 8,800 | Not specified | Not specified | Domestic product; quoted jointly with D40–D120 |
| 2026-06-11 | Shandong-based suppliers | Shandong Province | 8,600 | Not specified | Not specified | D60 price under the white oil classification |
| 2026-06-04 | Suppliers in Jinan City, Shandong Province | Jinan City, Shandong Province | 6,900–8,400 | 99% purity | Not specified | Significant regional price differentials |

II. Price Fluctuation Analysis
1. Regional Price Differentials: Prices within Shandong Province vary significantly (CNY 6,900–9,500/ton), primarily driven by supplier brand, logistics costs, and regional supply-demand imbalances. For example, Shandong Hongyang Chemical’s quotation of CNY 9,500/ton is CNY 1,200/ton higher than that of Shandong Jinshengrun Chemical (CNY 8,300/ton).
2. Temporal Trend: From June 4 to June 23, 2026, the price in Jinan City, Shandong Province rose from CNY 6,900/ton to CNY 8,300/ton — an increase of approximately 20.3%, likely attributable to rising upstream raw material costs or increased downstream restocking demand.
3. Inter-provincial Comparison: Prices in Wuhan City, Hubei Province (CNY 8,800/ton) and Nanjing City, Jiangsu Province (CNY 8,800/ton) remain stable but are higher than the recent average price in Jinan City, Shandong Province (CNY 8,300/ton), reflecting relatively strong price linkage between the East China and Central China regions.

III. Supply-Demand Dynamics
1. Supply Side: Active quotations from enterprises such as Shandong Jinshengrun Chemical and Shandong Hongyang Chemical indicate ample regional supply; however, widening inter-brand price spreads reflect intensifying market competition.
2. Demand Side: The low price of CNY 6,900/ton observed in Jinan City, Shandong Province on June 4 may have resulted from short-term promotional activity or inventory clearance; the subsequent price recovery suggests underlying demand support.
3. Substitution Impact: The D60 price under the white oil category (CNY 8,600/ton) overlaps with the solvent naphtha D60 price range (CNY 8,300–9,500/ton), enabling downstream users to adjust procurement strategies based on cost-effectiveness.

IV. Forward Outlook
1. Short Term (1–2 weeks): Prices within Shandong Province are expected to fluctuate within the CNY 8,300–9,000/ton range; close attention should be paid to quotation adjustments by mainstream suppliers such as Shandong Jinshengrun Chemical.
2. Medium Term (1–3 months): Should upstream aromatic feedstock prices continue rising, D60 prices may exceed CNY 9,000/ton; conversely, a weakening demand from end-user sectors such as coatings and inks could drive prices down toward CNY 8,000/ton.
3. Long Term (3–6 months): Environmental regulatory developments impacting solvent naphtha production must be monitored closely; stricter production curbs could shift the price center upward to CNY 9,500–10,000/ton.

V. Risk Alerts
1. Raw Material Cost Risk: Volatility in aromatic feedstock prices may directly transmit to the D60 market; international crude oil and naphtha price trends require close monitoring.
2. Regional Supply-Demand Imbalance: Intensifying competition among Shandong-based suppliers may trigger localized price wars, negatively affecting industry-wide profitability.
3. Substitution Threat: Accelerated adoption of white oil or environmentally friendly solvents may erode D60’s market share; formulation adjustments by downstream users warrant vigilant tracking.