On January 29th, the domestic fuel oil market was sorted out, with self extracted low sulfur fuel oil priced at 5,100-5,350 RMB/ton for 180cst and 5,200-5,450 RMB/ton for 120cst.

The article shows the consolidation of the fuel oil spot market, with a self extracted low sulfur price of 5,100-5,350 RMB/ton for 180cst and 5,200-5,450 RMB/ton for 120cst, indicating that there is no significant fluctuation in spot prices and they are in a stable state, with a neutral impact on spot prices. Based on the latest futures data, major contracts such as 2605 closed at 2,815 RMB/ton (up 85 points), with an increase in holdings of 8,131 lots, indicating increased buyer interest in the market and an upward trend in prices, providing positive support for futures prices. Combining factors of stable spot prices and rising futures prices.

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