According to the latest data from the General Administration of Customs of China, China's fuel oil imports in March 2026 amounted to 2.428 million tons, with an import value of 10.288275 billion RMB. For the period from January to March, cumulative fuel oil imports reached 6.8733 million tons, with a total import value of 23.111021 billion RMB.

With fuel oil imports reaching 2.428 million tons in March 2026—and a cumulative total of 6.8733 million tons for the first quarter—the data demonstrates robust demand, which is likely to provide support for spot market prices. When viewed in conjunction with the futures market, the closing price for the benchmark fuel oil contract (e.g., contract 2609) stood at 3,614 RMB per ton, marking an increase of 61 RMB. Changes in open interest indicate heightened market activity; furthermore, the import data reinforces positive demand expectations, thereby supporting an upward trend in futures prices.

According to the latest data from the General Administration of Customs of China, China's fuel oil exports in March 2026 amounted to 1.931 million tons, with an export value of 7.066056 billion RMB. For the period from January to March, cumulative fuel oil exports reached 4.6821 million tons, with a total export value of 16.218294 billion RMB.

Based on customs data, fuel oil exports reached 1.931 million tons in March 2026—with a cumulative total of 4.6821 million tons for the first quarter—signaling strong international demand. This robust export activity is likely to reduce domestic supply, thereby driving up spot market prices. When analyzed alongside futures data, benchmark fuel oil contracts (e.g., contract 2609, which settled at 3,623 RMB per ton—a gain of 61 RMB) generally trended upward. Stable open interest figures suggest positive market sentiment, creating a favorable environment for rising futures prices.

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