According to the commodity analysis system of SunSirs, the domestic fuel oil 180CST market was mainly volatile and consolidated in late August, with prices slightly declining. As of August 31, the average price of domestic fuel oil 180CST was 5,490.00 RMB/ton (including tax), a decrease of 0.11% from the price of 5,496.00 RMB/ton on August 21.

According to SunSirs, as of August 31st, the self pickup low sulfur quotation for 180CST fuel oil in Dalian area of China National Fuel Oil Corporation is 5,750 RMB/ton, and the self pickup low sulfur quotation for 120CST fuel oil is 5,850 RMB/ton; The self extracted low sulfur quotation for 180CST fuel oil in the Shanghai area is 5,350 RMB/ton, and the self extracted low sulfur quotation for 120CST fuel oil is 5,450 RMB/ton.

In late August, the crude oil market fluctuated and rose, and the geopolitical situation in the Middle East affected the trend of the crude oil market. The tense situation boosted confidence in the crude oil market. Due to a significant decrease in US crude oil inventories and the gradual end of the US oil peak season, the crude oil market in August was mainly affected by range fluctuations caused by both long and short factors.

In terms of international fuel oil, it is reported that the Singapore Enterprise Development Board (ESG) stated that as of the week ending August 28th, Singapore's fuel oil inventories decreased by 1.082 million barrels to a two-week low of 18.15 million barrels; The inventory of medium distillate oil decreased by 640,000 barrels, reaching a 7-week low of 10.744 million barrels; The inventory of light distillate oil decreased by 329,000 barrels, reaching a two-week low of 15.632 million barrels.

International crude oil market fluctuates and rises, boosting domestic ship fuel market sentiment; In the ship supply market, there is insufficient support for terminal demand, and ship supply prices are adjusted within a certain range, mainly focusing on rigid demand trading with limited transactions. At present, the market price of 180CST low sulfur fuel oil is around 5,350-5,750 RMB/ton, and the market price of 120CST low sulfur fuel oil is around 5,450-5,850 RMB/ton, subject to negotiation. It is expected that the fuel oil 180CST market will mainly consolidate in the near future.

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