According to the commodity analysis system of SunSirs, the 180CST fuel oil market in East China slightly fell on June 30th. As of June 30th, the average price of 180CST fuel oil in China was 5,462.50 RMB/ton (including tax), a decrease of 0.91% from the 5,512.50 RMB/ton price on June 29th.

The unstable trend of the international crude oil market is bearish on the domestic ship and fuel market. The downstream shipping market still faces a situation of more ships and less cargo, and ship owners urgently need to replenish oil. They are cautious in their operations and mainly adopt a wait-and-see approach. According to Business Society, as of June 30th, the self pickup low sulfur quotation for 180cst fuel oil in Dalian area of China National Fuel Oil Corporation is 5,650 RMB/ton, and the self pickup low sulfur quotation for 120cst fuel oil is 5,750 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. It is expected that the fuel oil 180CST market will mainly consolidate in the near future.

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