SunSirs: China Domestic Fuel Oil 180CST Market First Rose and Then Fell in Mid December of 2025

According to the commodity analysis system of SunSirs, the 180CST fuel oil market in East China first rose and then fell in mid December. As of December 23, the average price of 180CST fuel oil in China was 5,350.00 RMB/ton (including tax), a decrease of 1.15% from the price of 5,337.50 RMB/ton on December 10.

According to SunSirs, the domestic market for ship fuel blended raw materials was weak in mid December, and the cost support for ship fuel was limited. However, the recent tight tax invoices in the ship fuel market have boosted the market; The downstream coastal shipping market has weak demand for transportation, weak freight rates, and the urgent need for ship owners to replenish oil. According to SunSirs, as of December 23, the self pickup low sulfur quotation for 180cst fuel oil in Dalian area of China National Chemical Corporation is 5,500 RMB/ton, and the self pickup low sulfur quotation for 120cst fuel oil is 5,600 RMB/ton; The self extracted low sulfur quotation for 180cst fuel oil in the Shanghai area of China National Fuel Oil Corporation is 5,050 RMB/ton, and the self extracted low sulfur quotation for 120cst fuel oil is 5,150 RMB/ton.

Recently, the international crude oil market has experienced a decline followed by an increase. At the beginning of this cycle, the regional situation has eased, and the geopolitical risk premium has subsided. In addition, the weakening of US demand and the impact of US tariffs on global economic and demand expectations have led to a decline in the international oil price trend. Although the geopolitical tension in Venezuela has caused an increase in the trend of crude oil in the later stage.

In terms of international fuel oil, the Singapore Enterprise Development Board (ESG) reported that as of the week ending December 17th, Singapore's fuel oil inventories decreased by 1.404 million barrels, reaching a 4-week low of 24.658 million barrels; Light distillate oil inventory rose by 65,000 barrels, reaching a 17 week high of 15.056 million barrels; The inventory of medium distillate oil increased by 71,000 barrels, reaching a two-week high of 8.431 million barrels.

Market forecast: Currently, the international crude oil market is on the rise, coupled with low inventory of taxed finished products, boosting the domestic ship fuel market; The terminal shipping market is weak, and refueling is restricted due to strong winds in some ports. Shipowners mainly need to replenish oil urgently. At present, the self extracted low sulfur quotation for 180cst fuel oil is 5,100-5,550 RMB/ton, and the self extracted low sulfur quotation for 120cst fuel oil is 5,200-5,650 RMB/ton. It is expected that the fuel oil market at 180CST will experience a narrow consolidation in the near future.

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