According to the SunSirs Commodity Analysis System, prices for 180CST fuel oil in the East China region trended downward last week. As of May 28, the average domestic price for 180CST fuel oil stood at 6,025 RMB/ton (tax included), representing a 0.41% decline from the price of 6,050 RMB/ton recorded on May 22.

According to SunSirs' market intelligence, prices for domestic blending feedstocks for marine fuel trended downward last week, offering limited cost support for marine fuel products. Currently, compliance inspections targeting the wholesale segment of the marine fuel market are still underway in various domestic regions, keeping the supply of tax-paid resources relatively tight. In the ship-bunkering market, downstream demand remains sluggish, and shipowners are exercising caution when replenishing their fuel stocks. As of May 28, SunSirs reports that Sinopec Fuel Oil's self-pickup quotes for low-sulfur 180CST fuel oil in the Dalian region were 6,250 RMB/ton, while low-sulfur 120CST fuel oil was quoted at 6,350 RMB/ton. In the Shanghai region, self-pickup quotes for low-sulfur 180CST fuel oil were 5,750 RMB/ton, and low-sulfur 120CST fuel oil was quoted at 5,850 RMB/ton.

International crude oil prices trended downward last week, driven primarily by three major factors: fluctuating expectations regarding US-Iran negotiations, improved navigation conditions in the Strait of Hormuz, and expectations of de-escalating geopolitical conflicts. These factors, combined with the impact of US crude oil inventory data, caused the market's trading focus to gradually shift from "concerns over supply shortages" to "anticipations of easing tensions."

Regarding the international fuel oil market, Enterprise Singapore (ESG) reported that for the week ending May 27, Singapore's fuel oil inventories declined by 797,000 barrels to 20.703 million barrels. Inventories of light distillates fell by 260,000 barrels to 14.618 million barrels, while inventories of middle distillates dropped by 62,000 barrels to 8.964 million barrels. Market Outlook: Currently, international crude oil prices are trending downward amidst volatility, leading to heightened wait-and-see sentiment within the domestic marine fuel market. Wholesale inspections remain ongoing, meaning the tight supply of tax-paid fuel—a situation unlikely to ease in the short term—persists. Ahead of the peak summer electricity demand season, demand for coal and foreign trade transportation is expected to rise further, with end-user bunkering demand providing underlying support for prices. Consequently, the market for 180 CST fuel oil is projected to trade primarily within a high-level, volatile range in the near term.

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