According to the commodity analysis system of SunSirs, the 180CST fuel oil market in East China has slightly declined this week. As of November 27th, the average price of 180CST fuel oil in China was 5,350.00 RMB/ton (including tax), a decrease of 1.15% from the price of 5,412.50 RMB/ton on November 21st.

According to Business News Agency, the prices of domestic ship fuel blended raw materials have risen this week, supported by the cost of ship fuel. However, the volatility of the international crude oil market has increased domestic wait-and-see sentiment; The downstream coastal shipping market has weakened its demand for transportation, resulting in loose freight rates and a strong demand for ship owners to replenish oil. According to Business News, as of November 27th, the self pickup low sulfur quotation for 180CST of fuel oil in the Dalian area of China National Chemical Corporation is 5,540 RMB/ton, and the self pickup low sulfur quotation for 120CST of fuel oil is 5,640 RMB/ton; The self extracted low sulfur quotation for 180CST fuel oil in the Shanghai area of China National Fuel Oil Corporation is 5,000 RMB/ton, and the self extracted low sulfur quotation for 120CST fuel oil is 5,100 RMB/ton.

This week, the international crude oil market fluctuated and declined, with OPEC+increasing production in a new round. The market is still concerned about the risk of long-term oversupply, and the regional situation has eased. In addition, the weakening of US demand and the impact of US tariffs on global economic and demand expectations have led to a slight decline in the international oil price market.

In terms of international fuel oil, the Singapore Enterprise Development Board (ESG) reported that as of the week ending November 26, Singapore's fuel oil inventories rose by 191,000 barrels to a two-week high of 24.709 million barrels; The inventory of light distillate oil was 13.524 million barrels, a decrease of 898,000 barrels from the previous week and a two-week low.

Currently, the international crude oil market is volatile, increasing the wait-and-see sentiment in the domestic ship and fuel market. The terminal shipping market is weak, and the situation of more ships and less cargo is difficult to change. Shipowners mainly need to replenish oil urgently. At present, the self extracted low sulfur quotation for 180CST fuel oil is 5,100-5,550 RMB/ton, and the self extracted low sulfur quotation for 120CST fuel oil is 5,200-5,650 RMB/ton. It is expected that the fuel oil 180CST market will mainly consolidate in the near future.

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