D60 Commodity Market Intelligence Analysis (May 2026)

I. Market Quotation Dynamics
1. Aromatic Solvent Oil D60
- Nanjing Region: Nanjing Runsheng Petrochemical Co., Ltd. quoted RMB 8,800 per metric ton (consistent data on May 7 and May 13), indicating price stability.
- Shandong Region: Shandong Fushengyong Trading Co., Ltd. quoted RMB 7,000 per metric ton (consistent data on May 7 and May 13), 20.5% lower than the Nanjing quotation—highlighting a pronounced regional price differential.
- Business Network Benchmark Price: While the specific D60 price was not directly disclosed, the benchmark price is stated to be generated by a big-data model, incorporating factors such as logistics costs, brand premiums, and regional price differentials.

2. Qichen D60 Automobile (Associated Product)
- Official MSRP: The 2023 model PLUS 1.6L variant carries an official manufacturer’s suggested retail price range of RMB 88,800–99,800; for the 2026 model year, the MSRP range has expanded to RMB 89,800–125,800.
- Dealer Quotations: Actual transaction prices have declined to RMB 75,000–110,000; in certain cities (e.g., Linfen), promotional pricing starts as low as RMB 66,800—a maximum discount of RMB 23,000.
- Total On-Road Price Composition:
Purchase Tax: Approx. vehicle price ÷ 11.3 (e.g., ~RMB 8,832 for a RMB 99,800 vehicle);
Commercial Insurance: RMB 3,500–5,500;
License Plate Registration Fee: RMB 500 (waivable at some 4S dealerships);
Estimated Total On-Road Price: For a RMB 100,000 vehicle, the total ranges approximately RMB 113,000–118,000.

II. Market Analysis
1. Aromatic Solvent Oil D60
- Price Stability: Unchanged quotations in both Nanjing and Shandong over two consecutive weeks suggest short-term supply-demand equilibrium.
- Regional Disparity: The significantly lower price in Shandong reflects either higher production concentration or lower logistics costs in that region—potentially incentivizing downstream buyers to source preferentially from Shandong.
- Demand-Side Considerations: No specific end-user industry data was disclosed; however, the solvent oil market broadly correlates with the overall health of the chemical industry. Close monitoring is warranted for potential price adjustments during the traditional seasonal lull expected in June.

2. Qichen D60 Automobile
- Pricing Competition: Substantial dealer discounts (up to 25.6% off MSRP) reflect inventory pressure or intensifying competitive dynamics—consistent with its modest monthly sales volume of 148 units (ranking #53 among compact cars).
- Policy Impact: Local new-energy vehicle (NEV) replacement subsidies (RMB 3,000–8,000) may divert demand away from the gasoline-powered D60, though no direct impact on the D60’s pricing architecture has been observed thus far.
- Cost Structure: Purchase tax and commercial insurance collectively account for over 20% of the on-road price. Heightened consumer sensitivity to ancillary fees may prompt dealers to further streamline fee structures.

III. Forecast & Recommendations
1. Aromatic Solvent Oil D60
- Short Term (1 month): Prices are likely to remain stable; however, vigilance is advised regarding potential competitive pressure from low-priced Shandong-origin supplies on the Nanjing market.
- Medium Term (3 months): Should the chemical industry enter its typical June slowdown, reduced downstream procurement could trigger a modest price correction. Buyers are advised to secure current favorable pricing via forward contracts.
- Long Term (6 months): Monitor international crude oil price volatility and its cost-pass-through effect across the aromatic hydrocarbon value chain. Should Brent crude surpass USD 90 per barrel, aromatic solvent oil prices may rise accordingly.

2. Qichen D60 Automobile
- Pricing Strategy: Dealers are expected to continue the “volume-driven pricing” approach, with anticipated 2026-model-year discounts widening to RMB 25,000–30,000 to attract buyers in tier-3 and tier-4 cities.
- Market Opportunity: Amid impending phase-outs of NEV subsidy policies, the gasoline-powered D60 may experience a final promotional surge—recommended for immediate purchase by genuine end-users before end-June.
- Risk Alert: Sustained monthly sales below 200 units could prompt the manufacturer to revise production plans, potentially leading to discontinuation of certain trim levels—thereby negatively affecting residual values in the used-car market.