According to the data of SunSirs, as of April 30, the average price of domestic fuel oil 180CST was 4,487.50 RMB/ ton (including tax), which was the same as that on April 26.

On April 30, the fuel oil commodity index was 90.89, down 0.25 points from the previous day, down 21.59% from 115.91 points (October 17, 2018), the highest point in the cycle, and up 97.24% from 46.08 points, the lowest point on August 15, 2016（ Note: period refers to the period from September 1, 2011 to now）

Domestic marine oil raw materials rose to fuel oil 180CST cost support. According to SunSirs, as of April 30, the 180 CST low sulfur fuel oil self picked up price quotation for fuel oil in Zhoushan area was 4,400 RMB/ ton, and the 120 CST low sulfur fuel oil self picked up price quotation for fuel oil was 4,500 RMB/ ton; The price of 180 CST low sulfur fuel oil self picked up price in Shanghai was 4,500 RMB/ ton, and that of 120 CST low sulfur fuel oil self picked up price was 4,600 RMB/ ton.

Singapore's fuel oil inventory decreased, supporting the price of fuel oil. It is understood that Singapore's enterprise development board (ESG): in the week ending April 28, Singapore's fuel oil inventory fell 254,000 barrels, to a two-week low of 24,559,000 barrels. Singapore's medium distillate stocks fell 533,000 barrels to a more than one-year low of 12,954,000 barrels. Singapore's light distillate stocks fell 1.087 million barrels to a more than four month low of 12.385 million barrels.

Recently, the domestic fuel oil 180CST market price is basically stable, the downstream demand is low, the terminal purchase is mainly on demand, the transaction is weak, and the rising resistance is large. Fuel oil 180CST price is expected to be stable in the near future in China.

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