On April 8th, the domestic fuel oil market was sorted out, with self extracted low sulfur fuel oil priced at 6,400-6,900 RMB/ton for 180cst and 6,500-7,000 RMB/ton for 120cst.
The article describes the consolidation of the domestic fuel oil spot market, with a self extracted low sulfur price of 6,400-6,900 RMB/ton for 180cst and 6,500-7,000 RMB/ton for 120cst, indicating short-term stability of spot prices without drastic fluctuations. Based on the fuel oil futures data on April 8, 2026, such as the closing price of contract 2605 at 3,887 RMB/ton (down -379 RMB) and contract 2609 at 3,499 RMB/ton (down -290 RMB), multiple contract prices have generally fallen and the decline is significant, indicating an increase in bearish sentiment in the market due to changes in holdings (such as a decrease in 2605 holdings by -13,821 lots). The downward pressure on the futures market is evident and may be transmitted to spot markets, triggering the risk of future price declines.
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