According to the commodity analysis system of SunSirs, in mid-August, the domestic fuel oil 180CST market fell first and then rose, and the price fell slightly. As of August 20, the average price of domestic fuel oil 180CST was 5496.00 RMB/ton (all tax included), down 0.07% from the price of 5500.00 RMB/ton on August 11.

According to SunSirs, as of August 20, the self-collection low-sulfur price of fuel oil 180cst in Dalian area of ​​China Gas was 5750 RMB/ton, and the self-collection low-sulfur price of fuel oil 120cst was 5850 RMB/ton; the self-collection low-sulfur price of fuel oil 180cst in Shanghai area of ​​China Gas was 5350 RMB/ton, and the self-collection low-sulfur price of fuel oil 120cst was 5450 RMB/ton.

Since mid-August, the crude oil market has risen sharply due to a sharp drop in US crude oil inventories; the United States has pushed for a ceasefire agreement to end the Gaza conflict, and the geopolitical conflict has eased. Concerns about weak demand have put pressure on the market, and international oil prices have fallen sharply.

In terms of international fuel oil, it is understood that the Singapore Enterprise Development Board (ESG): As of the week of August 14, Singapore's fuel oil inventory fell by 1.584 million barrels to a 5-week low of 18.143 million barrels. Singapore's light distillate oil inventory rose by 1.024 million barrels to a 3-week high of 15.095 million barrels. Singapore's medium distillate oil inventory rose by 23,000 barrels to a 3-year high of 12.016 million barrels.

Forecast for the future market: The international crude oil market has fallen, increasing the wait-and-see sentiment in the domestic ship fuel market; in the ship supply market, the sea bulk freight rate has remained stable, and the supply and demand in the ship fuel market are weak, mostly based on rigid demand transactions, and transactions are limited. At present, the market price of 180CST low sulfur fuel oil is around 5350-5750 RMB/ton, and the market price of 120CST low sulfur fuel oil is around 5450-5850 RMB/ton, which is subject to negotiation. It is expected that the market of 180CST fuel oil may be mainly weak in the near future.

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