According to the Commodity Analysis System of SunSirs, as of October 15th, the average price of domestic fuel oil 180CST was 5,428.00 RMB/ton (including tax), a decrease of 1.99% from the price of 5,538.00 RMB/ton on October 6th.

According to SunSirs, as of October 15th, the self extracting low sulfur quotation for fuel oil 180CST in the Ningbo area of China National Petroleum Corporation is 5,450 RMB/ton, and the self extracting low sulfur quotation for fuel oil 120CST is 5,500 RMB/ton; The quotation for 180CST self extracting low sulfur fuel oil in China National Combustion Corporation Shanghai region is 5,350 RMB/ton, and the quotation for 120CST self extracting low sulfur fuel oil is 5,450 RMB/ton.

The international crude oil market has been fluctuating recently. Affected by geopolitical turmoil, supply concerns have intensified. On the macro level, the resilience of US economic data has raised expectations for the Federal Reserve to raise interest rates, and the negative sentiment still exists. On the supply side, the market's focus is on the conflict between Palestine and Israel. Israel and Palestine are not oil producing areas, and the Israeli-Palestinian conflict has not yet affected the actual supply of crude oil. Concerns have slightly eased. In the short term, the situation on the mainland is volatile, and oil prices may intensify volatility, with an increase in amplitude.

In terms of international fuel oil, it is understood that the Singapore Enterprise Development Authority (ESG): As of the week ending October 11th, Singapore's fuel inventory decreased by 1.399 million barrels to a three-month low of 1.7974 million barrels; Singapore's light distillate oil inventory decreased by 654,000 barrels to a three-month low of 12.258 million barrels; Singapore's medium distillate oil inventory decreased by 330,000 barrels to a two-week low of 9.555 million barrels.

The international crude oil market is volatile, and the domestic ship fuel market is highly wait-and-see. The domestic ship fuel blended raw material resources are adjusted in combination with inventory prices; In the ship supply market, the demand in the terminal market continues to be sluggish, and shipowners mainly seek low-priced sources of goods, resulting in light transactions. At present, the low sulfur market price of fuel oil 180CST is around 5,300-5,500 RMB/ton, and the low sulfur market price of fuel oil 120CST is around 5,400-5,600 RMB/ton, which is a single negotiation. It is expected that the fuel oil 180CST market will be mainly consolidated in the near future.

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