On November 5th, CNPC's Shanghai region fuel oil (180cst, ex-works, low sulfur) was quoted at 5,050 RMB/ton, down 100 RMB/ton from the previous trading day; 120cst fuel oil (120cst, ex-works, low sulfur) was quoted at 5,150 RMB/ton, also down 100 RMB/ton from the previous trading day.

The article shows that CNPC's Shanghai region fuel oil spot prices fell by 100 RMB/ton to 5,050 RMB/ton for 180cst and by 100 RMB/ton for 120cst to 5,150 RMB/ton, reflecting increased supply pressure or weak demand in the spot market, directly impacting prices. Combined with futures data, the main contract 2601 settled at 2,727 RMB/ton, down 42 points, with a trading volume of 456,878 lots, indicating strengthened bearish sentiment in the market; other contracts such as 2602 and 2603 also generally declined, with varying changes in open interest, but the overall trend was downward.

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