On March 26th, the domestic fuel oil market was weakly consolidating, with self extracted low sulfur fuel oil priced at 6,300-6,800 RMB/ton for 180cst and 6,400-6,900 RMB/ton for 120cst.

The article shows a weak consolidation of the fuel oil spot market, with low sulfur 180cst prices ranging from 6,300-6,800 RMB/ton and 120cst prices ranging from 6,400-6,900 RMB/ton, in the lower range, indicating weak demand and inventory pressure, which poses a general bearish trend on spot prices. Based on futures data, the settlement price of the main contract 2605 is 4,346 RMB/ton, a decrease of 55 points, with high trading volume and a significant reduction in holdings, reflecting bearish sentiment in the market; Although the far month contract, such as 2701, rose by 27 points, the weakness in spot prices may be transmitted to futures, resulting in a negative impact on futures prices overall.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.