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China's Refined Oil Prices Set to Rise 685 Yuan per Ton on July 29, Adjustment Window Closes July 31

2026-07-29 00:55:00

According to Golden Dragon News and Jin10 Futures, China's refined oil prices are set to rise 685 yuan per ton as of July 29 (the eighth working day), with a change rate of 13.42% and reference crude prices at $88.32 per barrel. The adjustment window closes at midnight on July 31. Market sentiment remains mixed: Shandong independent refineries are testing price increases of around 50 yuan per ton following a geopolitical flare-up between the U.S. and Iran that pushed crude prices higher at opening, while East China refiners are stabilizing prices amid renewed volatility. South China and Central China regions expect continued downward pressure, with terminals focused on inventory digestion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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