As of December 25, the average 180CST price of domestic fuel oil was 3990.00 yuan / ton (including tax), up 0.69% from the beginning of the week, according to the data of business news agency.
| ferric sulfate (Poly ferric sulphate) |
On December 25, the fuel oil commodity index was 80.81, up 0.25 points from yesterday, down 30.28% from 115.91 (October 17, 2018), the highest point in the cycle, and up 75.37% from 46.08, the lowest point on August 15, 2016. (Note: period refers to the period from September 1, 2011 to now)
The rise of domestic marine oil raw materials supported fuel oil 180CST, and the business offer rose. According to the business news agency, as of December 25, the self provided low sulfur quotation of fuel oil 180CST in Zhoushan area was 3960 yuan / ton; the self provided low sulfur quotation of fuel oil 120cst was 4060 yuan / ton; the self provided low sulfur quotation of fuel oil 180CST in Shanghai area was 4050 yuan / ton; the self provided low sulfur quotation of fuel oil 120cst was 4150 yuan / ton.
This week, the international crude oil price fluctuated downward, and the support for fuel oil price was limited. In the process of continuous improvement of international crude oil market, it is reported that mutated virus has been found in the UK, and most cities in the UK have implemented strict City closure measures. A number of countries around the world have suspended air traffic with the UK, and the demand for crude oil has been significantly restrained. This week, the international crude oil price had a correction, with WTI crude oil price down 2.05% and Brent crude oil price down 1.76%.
Singapore’s fuel oil inventory has increased, with limited support for fuel oil. It is understood that the Singapore enterprise development board (ESG): in the week ending December 23, fuel oil stocks decreased by 2.435 million barrels to a one-year low of 20.394 million barrels. On December 22, Fukuang shale oil tender launched a total of 9000 tons of shale oil with a turnover of 3900 tons. The weighted average price was 2841 yuan / ton, up 80 yuan / ton.
Future forecast: business community energy analysts believe that the fuel oil 180CST market is in a strong wait-and-see mood in the near future, the downstream demand is limited, and the terminal purchase is mainly on demand. On the whole, it is expected that the fuel oil 180CST market will be stable in the short term.
| Azodicarbonamide (AC foaming Agent) |