According to the commodity analysis system of SunSirs, the domestic fuel oil 180CST price fell overall in the first half of May. As of May 15, the average price of domestic fuel oil 180CST was 5,740.00 RMB/ton (tax included), down 1.31% from 5,816.00 RMB/ton on May 1.

According to the business news agency, as of May 15, the self extracting low sulfur quotation of 180CST fuel oil and 120CST fuel oil in Dalian was 6,100 RMB/ton and 6,200 RMB/ton respectively; In Shanghai, the self extracting low sulfur price of fuel oil 180CST is 5,750 RMB/ton, and the self extracting low sulfur price of fuel oil 120CST is 5,850 RMB/ton.

The crude oil market fluctuated and declined. On the one hand, the risk of conflict in the Middle East region was reduced, and the favorable international oil supply dissipated, which to some extent stabilized the crude oil risk premium. On the other hand, the signals released by the Federal Reserve to the market made investors generally worried that the cycle of interest rate reduction might not come so soon, and the concern about the prospect of crude oil demand led to the decline of crude oil prices.

In terms of international fuel oil, it is understood that the Singapore enterprise development authority (ESG): as of the week of May 8, Singapore's fuel oil inventory rose by 2.926 million barrels to a three week high of 20.753 million barrels. Singapore's light distillate stocks fell by 713,000 barrels to a two-week low of 15.107 million barrels. Singapore's distillate stocks fell 283,000 barrels to a three week low of 11.109million barrels.

At present, the fuel oil 180CST price monitoring level is one-year high, two-year median and three-year median. According to the commodity analysis system of the business club, the average price of fuel oil 180CST in recent three years is 5,676.52 RMB/ton, the median value is 5,648.75 RMB/ton, the minimum value is 4,537.50 RMB/ton, the maximum value is 6,760.00 RMB/ton, the bottom difference (the price difference compared with the lowest price in recent three years) is 1,202.5 RMB/ton, and the top difference (the price difference compared with the highest price in recent three years) is -1,020 RMB/ton.

The trend of international crude oil is volatile and low, the price of domestic mixed raw materials is down, and merchants mainly implement early orders; The supply market and shipping market are limited in transportation. At present, most of the pre inventory is consumed, and the terminal oil replenishment is limited. The transaction is sluggish. At present, the market price of fuel oil 180CST low sulfur is about 5,700-6,000 RMB/ton, and the market price of fuel oil 120CST low sulfur is about 5,800-6,100 RMB/ton, which is discussed separately. It is expected that the fuel oil 180CST market will be sorted out in the near future.

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