SunSirs--China Commodity Data Group

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Commodity News

SunSirs: Energy, Views on Fuel Oil Up and Down on January 6

January 07 2020 17:14:16     SunSirs (Selena)

Commodity name: fuel oil

Latest price (January 6, 2020): 4,704.00 RMB/ ton

Key points: the tense relations in the Middle East have led to the continuous rise of international crude oil, the rise of the price of low sulfur asphalt, the main ingredient of domestic marine heavy oil, and the increase of freight; the market resources of ship fuel have continued to be tense, there is a strong bullish mentality in the midstream and downstream, and the cargo preparation amount is small.

Market forecast: the price of fuel oil is expected to rise in the short term.

 

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