D60

D60 Commercial Market Intelligence Analysis (April 29, 2026)

I. Core Price Data
| Category | Region/Brand | Latest Quotation (CNY/ton) | Quotation Date | Purity Standard | Price Trend |
|---------------------|----------------|------------------|------------|------------|--------------------|
| Odorless Petroleum Solvent D60 | Jinan City, Shandong Province | 6,900.00 | 2026-04-13 | 99% Domestic | Down by CNY 1,000 vs. Jan 15 |
| Odorless Petroleum Solvent D60 | Shandong Province | 8,400.00 | 2026-04-13 | 99% Domestic | Unchanged vs. Jan 15 |
| Odorless Petroleum Solvent D60 | Jinan City, Shandong Province | 7,900.00 | 2026-01-15 | 99% Premium Grade | Benchmark Reference Price |
| Odorless Petroleum Solvent D60 | Shandong Province | 9,500.00 | 2026-01-15 | 99% Premium Grade | Significant Regional Price Differential |

II. Market Dynamics Analysis
1. Regional Price Divergence
– Intra-provincial price spread in Shandong reached CNY 2,600/ton (CNY 6,900–9,500), primarily driven by logistics costs, brand premium, and inventory levels. As a chemical distribution hub, Jinan City faces intense price competition; some traders have proactively reduced prices to clear inventory.
– On January 15, the price spread among different suppliers within Jinan City alone reached CNY 1,600/ton, reflecting fragmented pricing power and substantial negotiation leverage for buyers.

2. Downward Price Pressure
– The April 13 quotation in Jinan City declined by CNY 1,000/ton (?12.7%) compared to January 15, largely attributable to the downward trend in international crude oil prices. Progress in U.S.–Iran nuclear talks led Brent crude futures to fall from USD 85/barrel to USD 80/barrel, weakening cost support.
– Wholesale gasoline and diesel prices declined 9.0% week-on-week during the second week of April, further confirming broad-based pressure across the energy and petrochemical industry chain.

3. Supply–Demand Dynamics
– Supply Side: Southeast Asian rubber-producing regions have entered the tapping season; however, high temperatures and drought may delay output ramp-up, indirectly affecting raw material supply stability for petroleum solvents.
– Demand Side: Downstream tire manufacturers maintain stable production, but engineering and logistics sectors face demand suppression due to elevated fuel prices; diesel demand declined 1.4% month-on-month, transmitting downward pressure to solvent-related chemical demand.

III. Industry Interconnection Impacts
1. Substitute Competition
– Dreame Technology launched the fully concealed built-in air conditioner model D60. Although an appliance product, its \"dual mechanical-arm airflow control technology\" may catalyze technological innovation in industrial air conditioning systems—potentially altering the application landscape of chemical solvents in refrigeration equipment over the long term.

2. Freight Cost Volatility
– Coal prices remained flat during the second week of April; however, port inventories have stabilized. Should thermal coal demand rebound subsequently, freight costs may rise, indirectly increasing cross-regional logistics expenses for D60.

IV. Outlook (May 2026)
1. Price Range Forecast
– Short Term (within 1 month): Mainstream transaction prices in Shandong Province are expected to range between CNY 6,800–8,200/ton; Jinan City’s price may decline further to CNY 6,500/ton to stimulate demand.
– Medium Term (3 months): If international crude oil prices stabilize within USD 75–80/barrel, the price center is likely to shift downward to CNY 6,500–7,500/ton.

2. Key Drivers
– Bearish Factors: Crude oil price decline, wholesale refined fuel price drop, weak downstream demand.
– Bullish Factors: Abnormal weather in Southeast Asian rubber-producing regions, tightening environmental regulations leading to exit of small- and medium-scale producers.

3. Risk Advisory
– Close monitoring is advised regarding OPEC+ production cut compliance and progress in U.S.–Iran nuclear negotiations. Any escalation in geopolitical tensions could trigger short-term price rebounds.