SunSirs: The Price of Fuel oil has Decreased Compared to the Beginning of this Month
June 01 2023 11:16:35On May 29th, the benchmark price of fuel oil for SunSirs was 5148.00 RMB/ton, a decrease of -8.69% compared to the beginning of this month (5638.00 RMB/ton).
Analysts from SunSirs believe that crude oil prices have fluctuated this week, but the prices of ship fuel raw materials are relatively strong, and there is strong wait-and-see sentiment in the domestic ship fuel market; At present, the terminal demand in the shipping market is average, and the replenishment capacity is limited. Market transactions are mainly in demand.
At present, the market price of 180CST low sulfur fuel oil is about 5000-5200 RMB/ton, and the market price of 120CST low sulfur fuel oil is about 5100-5300 RMB/ton.
It is expected that the fuel oil 180CST market will be mainly consolidated in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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