On June 19th, the benchmark price of fuel oil for Business Society was 5010.00 yuan/ton, a decrease of -2.30% compared to the beginning of this month (5128.00 yuan/ton).

Analysts from SunSirs believe that crude oil prices have fluctuated this week, coupled with weak domestic ship fuel market conditions, and there is a strong wait-and-see sentiment in the market; At present, the terminal demand in the shipping market is average, and the replenishment capacity is limited. Freight rates continue to be low, and market transactions mainly require small orders.

At present, the low sulfur market price of fuel oil 180CST is around 4900-5000 yuan/ton, and the low sulfur market price of fuel oil 120CST is around 5000-5100 yuan/ton, which is a single negotiation. It is expected that the fuel oil 180CST market will be dominated by weak consolidation in the near future.

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