On July 9, domestic fuel oil market quotes were as follows: low-sulfur 180cst fuel oil (ex-works/self-pickup) was quoted at 5,800–6,300 RMB/tonne, while low-sulfur 120cst fuel oil (ex-works/self-pickup) was quoted at 5,900–6,400 RMB/tonne.

Regarding the spot market, prices remained high, with low-sulfur 180cst fuel oil quoted at 5,800–6,300 RMB/tonne and 120cst fuel oil at 5,900–6,400 RMB/tonne (ex-works/self-pickup). In the futures market, the main fuel oil contract (2609) on the Shanghai Futures Exchange closed at 3,104 RMB/tonne on July 8, up 108 RMB/tonne from the previous trading day. Trading volume reached 684,507 lots, and open interest increased by 5,605 lots; significant position building by long-side capital and a strong price trend provided bullish support for fuel oil prices.

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