October 2021 China coastal crude oil and refined oil transportation market analysis report

In October 2021, recently, international crude oil prices showed a strong trend, and the retail price of refined oil products has achieved "four consecutive increases"
since September.
The news brought good news to the market, supported by the upward revision of expectations, the main price rally was strong, and some gasoline prices also rose to the wholesale limit price, which was the highest in
nearly three years.
With the continuous tightening of domestic power curtailment policies and the superposition of refining environmental protection inspections, the domestic supply of refined oil products has been greatly affected, and the main refineries have begun to increase diesel production in the middle of this month to alleviate the shortage
of domestic diesel resources.
The refined oil market continued to rise, and with the rapid rise in the price of marine oil, the cost increased, and the freight price of refined oil continued to rise
slightly.
On October 29, the freight rate index of refined oil goods released by the Shanghai Shipping Exchange was 1401.
31 points, up 1.
2% from the same period last month; The crude oil freight rate index was 1541.
72 points, unchanged from the previous month
.