According to the commodity analysis system of SunSirs, the overall market situation of ship fuel in East China region of China fell in April. As of April 30th, the average price of domestic fuel oil at 180CST was 5,462.50 RMB/ton, a decrease of 1.61% from 5,552.00 RMB/ton on April 1st.

The overall price trend of domestic fuel oil 180CST in April declined, and the rise in domestic blended raw material prices in early April supported the domestic ship fuel market; The prices of mixed raw materials fell in the middle and late stages, and the domestic ship fuel market continued to decline; The rise in mixed raw material prices at the end of the month has increased the wait-and-see sentiment in the domestic ship fuel market. In April, the downstream shipping market saw weak consolidation of coastal bulk cargo prices, with limited oil replenishment by ship owners and mainly driven by essential needs for transactions. The ship fuel market saw light transactions. According to Business News Agency, as of April 30th, the self pickup low sulfur quotation for 180CST fuel oil in Dalian area of China National Chemical Corporation is 5,610 RMB/ton, and the self pickup low sulfur quotation for 120CST fuel oil is 5,710 RMB/ton; The self extracted low sulfur quotation for 180CST fuel oil in the Shanghai area of China National Fuel Oil Corporation is 5,250 RMB/ton, and the self extracted low sulfur quotation for 120CST fuel oil is 5,350 RMB/ton.

The international oil price trend declined in April. The new US tariff policy may lead to increased risks of trade disputes, weakened global economic and demand prospects, and market concerns; OPEC+is considering further increasing production in June, and Kazakhstan has stated that it may be difficult to strictly comply with the compensatory production reduction plan; The easing of the geopolitical situation has put pressure on the oil market.

In terms of international fuel oil, it is reported that the Singapore Enterprise Development Board (ESG) stated that as of the week ending April 30th, Singapore's fuel oil inventories decreased by 1.652 million barrels to a three week low of 22.474 million barrels.

The decline in international crude oil has increased the wait-and-see sentiment in the domestic ship fuel market, which has limited support for the ship fuel market; In the shipping market, the transaction volume is average, and the main focus is on small orders for oil replenishment by ship owners. At present, the self extracted low sulfur quotation for 180CST fuel oil is 5,150-5,500 RMB/ton, and the self extracted low sulfur quotation for 120CST fuel oil is 5,250-5,600 RMB/ton. It is expected that the fuel oil 180CST market will experience weak consolidation in the near future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.