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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.

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8 Industries
Rubber & Plastics
Non-ferrous Metals
Building Materials
Agricultural & Sideline Products