SunSirs: Fuel Oil Prices Fell and arket Transactions were Thin
March 24 2023 09:26:06
On March 20, the benchmark fuel oil price of Sunsirs was 5,810.00 RMB/ton, a decrease of -5.22% compared with the beginning of this month (6,130.00 RMB/ton).
SunSirs analysts believe that the recent sharp drop in international crude oil, the market has a strong bearish sentiment, and the market mixing cost has fallen; the terminal demand in the ship supply market is weak, and the replenishment capacity is limited; the current shipping fuel oil market is still in a downward trend, and the market transactions are light. , The current market price of 180CST low-sulfur fuel oil is about 5700-5900 RMB/ton, and the market price of 120CST low-sulfur fuel oil is about 5800-6000 RMB/ton. It is expected that the fuel oil 180CST market may be weak in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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