On May 8, the domestic fuel oil market underwent a weak consolidation phase. Quoted prices for low-sulfur 180cst fuel oil (ex-tank) ranged from 5,800 to 6,300 RMB/ton, while low-sulfur 120cst fuel oil (ex-tank) was quoted between 5,900 and 6,400 RMB/ton.

In the spot market, the domestic fuel oil sector displayed a weak consolidation trend on May 8. Low-sulfur 180cst fuel oil (ex-tank) was quoted at 5,800–6,300 RMB/ton, and low-sulfur 120cst fuel oil (ex-tank) at 5,900–6,400 RMB/ton; with insufficient support from the demand side, spot prices remained under pressure. Regarding futures, on May 7, 2026, the benchmark 2609 contract for fuel oil on the Shanghai Futures Exchange closed at 3,828 RMB/ton—a decline of 150 RMB/ton from the previous trading day. Trading volume exceeded 100,000 lots, and open interest increased by 7,915 lots. The futures market trended bearishly, with short positions gaining the upper hand; consequently, prices are more prone to falling than rising in the short term.

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