Mineral oil

Recent Market Dynamics of White OilI. Price Trends1. Domestic Market: The domestic white oil market has recently shown a stable yet slightly upward trend. The mainstream transaction price for industrial-grade white oil ranges from 7,500 to 8,500 RMB/ton, representing an increase of approximately 3% to 5% compared to the same period last month. The price for cosmetic-grade white oil ranges from 9,000 to 11,000 RMB/ton, with a relatively smaller increase of about 2% to 3%.2. International Market: International white oil prices have exhibited a slight upward trend amid fluctuations, influenced by crude oil prices and supply-demand dynamics. Export prices for white oil in Southeast Asia have risen, providing some support to the cost of imported white oil in China.II. Supply and Demand1. Supply Side- Domestic Capacity: Domestic white oil production facilities are operating stably. Although the operating rates of some enterprises have fluctuated slightly due to routine maintenance or raw material supply issues, the overall supply volume has remained largely unchanged.- Import Situation: Influenced by international market prices and exchange rates, the volume of white oil imports has decreased recently. The limited replenishment of imported supplies has placed certain pressure on the domestic market.2. Demand Side- Industrial Sector: With the gradual recovery of manufacturing, the demand for industrial-grade white oil in sectors such as lubricants and rubber processing has increased. In particular, the demand for high-end industrial-grade white oil remains robust.- Cosmetic Sector: Demand for white oil in the cosmetic industry has maintained steady growth. The consumer demand for high-quality cosmetics continues to drive a positive trend in the cosmetic-grade white oil market.III. Cost Factors1. Crude Oil Prices: International crude oil prices have recently shown an upward trend amidst fluctuations, providing support to white oil production costs. Fluctuations in crude oil prices directly affect the raw material procurement costs of white oil production enterprises, thereby influencing white oil market prices.2. Base Oil Prices: As the primary raw material for white oil, base oil prices significantly impact the white oil market. Recent base oil prices have shown a stable yet slightly upward trend, driving up the production costs of white oil.IV. Relevant Policies and Industry Dynamics1. Environmental Policies: With increasingly stringent environmental requirements, white oil production enterprises need to increase environmental protection investments and enhance production processes and equipment standards to meet regulatory requirements. This has somewhat increased enterprise production costs, providing support to white oil market prices.2. Industry Exhibitions: Recent chemical industry exhibitions have featured new products and technologies from white oil producers, promoting industry technical exchange and innovation. This contributes to improving the quality and market competitiveness of white oil products.V. Analysis and Judgment1. Short-term: Influenced by supply-demand dynamics and cost factors, white oil market prices are expected to remain stable yet slightly strong in the short term. The supply side faces slight tightness due to reduced imports and fluctuations in enterprise operating rates, while the demand side is supported by growing needs in industrial and cosmetic sectors.2. Medium-term: White oil production costs will continue to be affected by fluctuations in crude oil prices and changes in the base oil market. If crude oil prices continue to rise, white oil market prices may see further increases; conversely, if crude oil prices fall, the upward pressure on white oil prices will be constrained.3. Long-term: With the continued implementation of environmental policies and technological innovation, the white oil industry is moving towards green and high-end development. High-quality, environmentally friendly white oil products will be favored by the market, with prices expected to maintain steady growth.VI. Forecast1. Price Forecast: Over the next month, domestic industrial-grade white oil prices are expected to fluctuate between 7,600 and 8,600 RMB/ton, while cosmetic-grade white oil prices are expected to fluctuate between 9,100 and 11,100 RMB/ton.2. Supply and Demand Forecast: On the supply side, as maintenance periods end and imported supplies gradually increase, market availability will improve. On the demand side, growth in industrial and cosmetic sectors will continue, though the growth rate may slow down.3. Market Trend Forecast: The white oil market will experience strong supply and demand, leading to intensified competition. Enterprises need to strengthen technological innovation and improve product quality to adapt to market changes and meet customer needs.