SunSirs: Analysis of Fuel Oil Market Trends

On March 30th, the domestic fuel oil market was sorted out, with self extracted low sulfur fuel oil priced at 6,300-6,800 RMB/ton for 180cst and 6,400-6,900 RMB/ton for 120cst.

Reason: In terms of spot goods, the price range for 180cst is 6,300-6,800 RMB/ton, and for 120cst it is 6,400-6,900 RMB/ton. The price range is stable with no significant fluctuations, indicating a neutral impact. In terms of futures, based on recent contract data, such as the closing price of contract 2605 at 4,619 RMB/ton (up 182 RMB/ton) and contract 2606 at 4,580 RMB/ton (up 206 RMB/ton), the trading volume is active and the upward trend is significant, indicating positive market expectations and favorable futures prices. The overall impact of stable spot prices and strong futures increases is generally positive.

Read more: https://www.sunsirs.com/uk/detail_news-31729.html