D60 Odorless Petroleum Solvent Market Intelligence Report (May 27, 2026)

I. Market Price Dynamics
| Date | Supplier Name | Tax-Inclusive Price (CNY/ton) | Delivery Location | Quotation Validity | Specification Details |
|------------|----------------------|--------------------|----------|------------|------------------------|
| 2026-05-25 | Shandong Zhihengda Import & Export Co., Ltd. | 8,400 | Shandong Province | 3 days | 99% purity, domestically produced |
| 2026-05-25 | Shandong Hongyang Chemical Co., Ltd. | 8,400 | Shandong Province | 3 days | 99% purity, domestically produced |
| 2026-05-20 | Anhui-based Supplier (Confidential) | 6,200 (wholesale price for orders ≥16 tons) | Hefei, Anhui | — | Grade I product; compliant with Maoming Petrochemical standards |

Price Fluctuation Analysis:
1. Suppliers in Shandong Province uniformly quote CNY 8,400/ton—35.5% higher than the wholesale price (≥16 tons) of CNY 6,200/ton quoted by the Anhui supplier—primarily due to specification differences (the Anhui quotation includes volume-based discounts) and regional logistics cost variations.
2. Prices in Shandong Province remained stable from May 19–25, reflecting a balanced supply-demand relationship in the current market.

II. Supply-Demand Dynamics
Supply Side
1. Production Capacity Distribution:
– Major domestic D60 producers include Maoming Petrochemical and CNOOC, utilizing hydrodearomatization processes to manufacture D60 with aromatic content ≤0.1%, fully compliant with environmental protection standards.
– Imported brands such as ExxonMobil’s Exxsol D60 and Shell’s Shellsol D60 occupy portions of the high-end market; however, domestic D60 has recently demonstrated significant cost-performance advantages.

2. Inventory & Logistics:
– Warehouses are located in Shandong, Anhui, Shanghai, and Jiangsu provinces, supporting both bulk (tanker) and drum packaging (150 kg/200 kg), with non-hazardous classification enabling standard freight transportation—thereby reducing logistics costs.
– The Anhui supplier offers complimentary small-sample testing services, indicating intense market competition and suppliers’ use of value-added services to secure customers.

Demand Side
1. Primary Application Segments:
– Industrial Cleaning: Accounts for the largest share—especially in metalworking and electronic/electrical equipment cleaning—due to D60’s excellent volatility and low residue.
– Paint & Coating Thinner: Its low-odor profile aligns with eco-friendly paint trends, facilitating substitution for traditional high-VOC solvents.
– Aerosol Insecticides: Serves as a solvent carrier; its odorless nature enhances consumer acceptance.
– Dry-Cleaning Industry: Idemitsu’s D60 grade is REACH-certified by the EU and increasingly adopted across Asia and Europe as a safer alternative to perchloroethylene.

2. Regional Demand Differences:
– Shandong demand focuses predominantly on industrial cleaning and coatings; Anhui demand centers on metalworking fluids and aerosol production.

III. Market Drivers
1. Environmental Policy Impetus:
– China’s “Dual Carbon” goals (carbon peak and carbon neutrality) have spurred growing demand for low-sulfur, low-aromatic solvents; D60, as an environmentally friendly product, benefits significantly.
– EU REACH certification acts as a technical barrier for imported products, further amplifying the cost-performance advantage of domestic D60.

2. Substitution Effect:
– Perchloroethylene is increasingly restricted in dry-cleaning applications due to toxicity concerns; D60—as a hydrocarbon-based alternative—is experiencing surging demand.
– Traditional high-VOC coating solvents are being progressively replaced by low-volatility alternatives like D60, accelerating transformation across the coatings industry.

3. Cost Support:
– Crude oil price fluctuations exert limited influence on D60 production costs, given the maturity and raw material stability of the hydrodearomatization process.

IV. Market Risks & Challenges
1. Regional Price Competition:
– The substantially lower wholesale pricing in Anhui may trigger cross-regional arbitrage activities; attention must be paid to how logistics costs impact actual transaction prices.

2. Import Competition:
– International brands such as ExxonMobil and Shell leverage technological superiority to capture premium market segments; domestic D60 manufacturers must continuously enhance product quality consistency to remain competitive.

3. Downstream Industry Volatility:
– The coatings industry is sensitive to real estate cycles; any demand contraction could transmit downstream pressure onto the D60 market.

V. Outlook (June–July 2026)
1. Price Trend:
– Prices in Shandong Province are expected to remain stable around CNY 8,400/ton; the Anhui wholesale price may decline modestly to CNY 6,000–6,100/ton, driven by increased order volumes.

2. Supply-Demand Evolution:
– With the onset of summer—the peak season for industrial cleaning—D60 demand is projected to rise 10–15% month-on-month, potentially prompting suppliers to raise quotations.
– Ongoing expansion of domestic D60 production capacity will further reduce import dependency, intensifying overall market competition.

3. Emerging Opportunities:
– Rising precision cleaning demands from emerging sectors—including new-energy vehicles and 5G electronics—present novel application frontiers for D60.
– Increasingly stringent environmental regulations globally continue to drive higher penetration rates of low-VOC solvents, expanding the long-term market potential for D60.