Tonight, oil prices are expected to return to 9 yuan, "e-Donkey" stocks soar—Aima Technology and Xinri Shares hit the daily limit up.

MaticHoleFiller · 2026-03-24T14:07:18+00:00

On March 23 at 24:00, domestic finished oil prices entered a new round of price adjustment, with an expected "five consecutive increases" and a price increase of 2000 yuan/ton. Meanwhile, electric two-wheeler stocks rose collectively, attracting market attention. Escalating geopolitical conflicts in the Middle East may push up future oil prices.

MaticHoleFiller

2026-03-24 14:07:18

Abstract generation in progress

(Source: Caixin)

At 24:00 on March 23, a new round of domestic refined oil price adjustments will begin, expected to result in five consecutive increases and to set the largest rise of the year.

On March 23, at market open, stocks of electric two-wheelers surged collectively. As of the latest report, A-shares Aima Technology (603529.SH) and Xinri Holdings (603787.SH) hit the daily limit up, Ninebot-WD (689009.SH) rose over 4%, and Yadea Holdings (01585.HK) increased over 9%.

According to reports, at 24:00 on March 23, a new round of domestic refined oil price adjustments will begin, expected to result in five consecutive increases and to set the largest rise of the year. Longzhong Information predicts that this round of oil price increases will be around 2,000 yuan per ton. Based on a 70-liter tank, filling up will cost private car owners about 106 yuan more; for a 50-liter tank, the increase is estimated at about 75 yuan.

Additionally, Reuters reported that Saudi Aramco will cut crude oil supplies to Asian buyers in April. Saudi Aramco notified at least two Asian buyers that they can only load Arab Light crude oil from the Yanbu terminal in April.

Last week, amid escalating Middle East geopolitical conflicts and rising energy prices, U.S. crude oil futures contracts declined by a total of 0.40%, while Brent crude futures contracts increased by 8.77%. Since the outbreak of the conflict, U.S. crude oil futures have risen by over 46%, and Brent crude futures have approached a 55% increase.

Analysts say that after threats from the U.S. and Iran to attack energy facilities, oil prices may rise further. U.S. President Trump threatened last Saturday that if Tehran does not fully reopen the Strait of Hormuz within 48 hours, he will “destroy” Iran’s power plants. This was a significant escalation just one day after he discussed “ending” the war (now in its fourth week). Iran warned last Sunday that if Trump carries out his threats, Iran will attack U.S.-related infrastructure, including energy and seawater desalination facilities in the Gulf region.

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