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Golden Ten Data Futures, June 17 – This week, the situation in the Middle East took a dramatic turn, with a peace agreement about to be reached. As a result, crude oil prices experienced volatility followed by a broad decline, with the rate of change moving deeper into negative territory. According to calculations by Zhuochuang Information, as of the close on June 16, the crude oil rate of change on the ninth working day was -10.72%, and gasoline and diesel prices are expected to be reduced by 475 yuan/ton. With only one working day left until the pricing window closes, there is a high probability that retail prices for refined oil products will experience a significant reduction at 24:00 on June 18, with the final reduction possibly exceeding 500 yuan/ton. This will mark the first “two consecutive declines” of the year, and as the Dragon Boat Festival holiday approaches, consumers' fuel costs will be further reduced.

The total sales volume of marine fuel oil excluding lubricating oil was 96,721 cubic meters in May. Sales of low-sulfur marine fuel oil fell by 27% month-on-month to 65,120 cubic meters. Sales of high-sulfur marine fuel oil decreased by 15% month-on-month, reaching 31,601 cubic meters. Sales of low-sulfur marine gas oil saw a slight decrease of 2% to 7,157 cubic meters, while the total sales of other categories of marine gas oil amounted to 381 cubic meters. In May, the market share of low-sulfur marine fuel dropped from 71% in April to 67%, while the share of high-sulfur marine fuel rose from 29% to 33%.

(1) In May, South Korea's automobile export value was $5.83 billion, a year-on-year decrease of 5.9%; export volume was 230,072 units, a year-on-year decrease of 6.6%. Domestic sales (127,315 units) and production (329,559 units) decreased by 10.3% and 8.2% year-on-year, respectively. (2) The growth momentum of new energy vehicles production and sales remains strong, with export value in May reaching $2.4 billion, up 9.9% year-on-year, accounting for over 40% of total automobile exports; export volume was 83,145 units, up 11.2% year-on-year. (3) New energy vehicle domestic sales were 77,179 units, an increase of 5.5% year-on-year, forming a sharp contrast with the declining trend of traditional automobiles.