Analysis of White Oil Market Price Trends (As of April 2, 2025)
Published Time:
2025-03-17
In March 2025, the average price of industrial white oil gradually rose from 7500 yuan/ton to 8000-9000 yuan/ton; from late March to early April, the prices of 3#, 5#, and 7# industrial white oil in Shandong Province rose to 8125-8250 yuan/ton respectively, with the average market price of some light white oil reaching 8125 yuan/ton.

1. Recent Price Fluctuations
Industrial white oil (with overlapping applications with white clay oil) prices have shown a trend of initial stability followed by an increase recently:
In March 2025, the average price of industrial white oil gradually rose from 7500 yuan/ton to 8000-9000 yuan/ton;
From late March to early April, the prices of No. 3, No. 5, and No. 7 industrial white oil in Shandong Province rose to 8125-8250 yuan/ton, with the average market price of some light white oils reaching 8125 yuan/ton.
2. Driving Factors
Improved Supply and Demand Relationship:
After the Spring Festival, the resumption of refinery operations and the concentrated release of replenishment demand from downstream enterprises have boosted market activity for white oil;
As an industrial adsorbent, the price of white clay oil may indirectly benefit from the overall warming of the petrochemical industry chain.
Cost Support:
Fluctuations in crude oil prices and increased refinery operating rates put pressure on the production costs of white oil/white clay oil.
3. Regional Market Differences
Shandong Province, as a major producing area, maintains stable industrial white oil prices at 9000 yuan/ton (data as of March 31, 2025), reflecting a regional supply-demand balance;
Trading information for white clay oil in Hubei and other areas shows that rising logistics costs (e.g., freight from Wuxue to Nantong reaches 130 yuan/ton) may indirectly affect terminal prices.
4. Future Outlook
Short-term forecast: Under the dual benefits of supply and demand, the white oil/white clay oil market may continue a stable and slightly strong trend, with an estimated price increase of approximately 200 yuan/ton;
Risk Warning: Fluctuations in international crude oil prices and changes in downstream purchasing patterns may disrupt prices.
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