Domestic fuel oil market prices rose on September 14. Ex-warehouse quotes for low-sulfur 180cst fuel oil ranged from 7,100 to 7,400 RMB/tonne, while quotes for low-sulfur 120cst fuel oil ranged from 7,200 to 7,500 RMB/tonne. In the spot market, the upward movement in prices provided direct support to market sentiment. Regarding futures, the main fuel oil contract (2611) on the Shanghai Futures Exchange closed at 4,289 RMB/tonne on September 11—an increase of 191 RMB/tonne for the day. Trading volume reached 1.399 million lots, and open interest rose by 4,920 lots; with trading activity intensifying, the overall market trend strengthened due to the combined momentum of the futures and spot markets.

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