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SunSirs: On May 19, the Price of Fuel Oil 180CST Was Stable
May 20 2022 15:42:15SunSirs(John)

Price trend

According to the data of SunSirs, as of May 19, the average price of domestic fuel oil 180CST was 6,430.00 RMB/ton (both tax included), which was stable compared with the previous trading day and increased by 37.17% year-on-year.

Analysis review

The international crude oil price fell, the terminal demand in the market was weak, the downstream purchasing sentiment was cautious, and the wait-and-see sentiment was strong. The overall market transaction was light, and companies mainly destocked.

As of the 19th, the market price of 180CST low-sulfur fuel oil was around 6,350-6,450 RMB/ton, and the market price of 120CST low-sulfur fuel oil was around 6,450-6,550 RMB/ton. One order one negotiation.

Market outlook

It is expected that the fuel oil 180CST market will be dominated by consolidation in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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