【Introduction】：Towards the end of the month, some C5 petroleum resin manufacturers are negotiating more to stimulate shipments, but downstream bulk stocking has not yet appeared .
1. C5 cracking price remains stable
As the peak season approaches in September, the price of C5 crackers remains stable with minimal volatility. C5 crackers are quoted at 4,700 yuan/ton in North China, 4,700 yuan/ton in East China, 4,350-4,910 yuan/ton in Northeast China, 4,500-4,700 yuan/ton in South China, and 4,800 yuan/ton in Central China.
2. Terminals should be cautious in purchasing
First, the road construction volume is obviously insufficient and terminal consumption is weak. In addition, the domestic C5 petroleum resin price has been falling for six consecutive months. Downstream companies tend to purchase small orders based on just-in-time needs. The market transaction volume remains at a relatively low level, exacerbating the downstream cautious mentality. Second, the price gap with hydrogenated petroleum resin still exists, and the production capacity will reach 800,000 tons. The supply can increase rapidly in the short term. It can replace C5 petroleum resin in hot melt adhesives and hot melt coatings, so the supply is basically safe and there is almost no downstream stocking mentality.
3. Exports remain weak
From the perspective of the overall export level of petroleum resin, the demand for C5 petroleum resin for road sign paint in major export markets such as Southeast Asia and South Asia is weak during the rainy season. June or July is basically the lowest export season of the year. Then in August, the overall foreign countries will enter the stocking season , and the usage will increase slightly. However, judging from the feedback this year, foreign demand is weak, there is no clear sign of stocking, the container shipping market is not prosperous during the peak season, and the Shanghai Export Containerized Freight Index (SCFI) has fallen for ten consecutive weeks, which also indirectly reflects that the overall outbound situation is still weak.
Figure 2 Comparison of Petroleum Resin Export Volume in 2025 (Unit: Yuan/ton)
On the whole, the price of cracked C5 was mostly stable in September, the cost of C5 petroleum resin remained basically stable, domestic and foreign demand has not yet fully started, the market transaction volume may mainly increase slightly, the overall production and sales are relatively balanced, and some equipment is temporarily overhauled. Manufacturers may gradually enter the stage of small inventory clearance, and the negotiated price has stopped falling and stabilized. With local shortages within the month, sporadic price increases cannot be ruled out.
