According to the commodity analysis system of SunSirs, the domestic fuel oil 180CST market has slightly declined this week. As of October 31, the average price of domestic fuel oil 180CST was 5,420.00 RMB/ton (including tax), a decrease of 0.48% from the price of 5,446.00 RMB/ton on October 28.

According to Business News Agency, as of October 31st, the self pickup low sulfur quotation for 180cst fuel oil in Dalian area of China National Fuel Oil Corporation is 5,500 RMB/ton, and the self pickup low sulfur quotation for 120 CST fuel oil is 5,600 RMB/ton; The self extracted low sulfur quotation for 180 CST fuel oil in the Shanghai area of China National Fuel Oil Corporation is 5,500 RMB/ton, and the self extracted low sulfur quotation for 120 CST fuel oil is 5,600 RMB/ton.

This week, crude oil prices have fallen, and the geopolitical situation in the Middle East is controllable. In addition, the future demand for crude oil market is worrying, which has led to a continuous decline in the oil market.

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