Market trend forecast on pentane blends (n-/isopentane)
Pentane Blends: it is expected that the international crude oil and gasoline will fall first and then rise in the next month. In terms of Pentane Blends, some refineries in Shandong Province have medium and high inventories and will deliver goods.
The pressure is high, and the crude oil and gasoline prices may show a downward trend at the beginning of the month, so the Pentane Blends price is expected to decline steadily at the beginning of the month.
The risk of continuous plummeting of crude oil and even bottom collapse is relatively low. The sustained inhibition brought by overseas epidemic situation is still continuing, but it should not become worse.
In the negative event, the current price of gasoline is near the cost line, and the decline is limited, and there is a possibility of bottoming out. Crude oil and gasoline prices may rise
Driven by Pentane Blends price rebound, so it is expected that the overall trend of Pentane Blends in the next month will show a downward trend and then an upward trend.
Data source from: Chemical Information News
