According to the data of SunSirs, the average price of 180CST of domestic fuel oil as of September 30 was 6,540.00 RMB/ ton (tax included), down 1.06% from 6,610.00 RMB/ ton on September 26.

On September 30, the fuel oil commodity index was 132.46, down 0.2 points from the previous day, down 2.39% from the cycle's highest point of 135.70 (2022-06-21), and up 187.46% from the lowest point of 46.08 on August 15, 2016. (Note: Period refers to 2011-09-01 to now)

The international crude oil price rose in shock, and the cost of ship fuel market was supported. According to the business community, as of September 30, the self raised low sulfur price of 180cst fuel oil in the Zhoushan area of CNGC was 6,500 RMB/ ton, and the self raised low sulfur price of 120cst fuel oil was 6,600 RMB/ ton; The price of 180CST self raised low sulfur of fuel oil in CNGC Shanghai was 6,500 RMB/ ton, and the price of 120CST self raised low sulfur of fuel oil is 6,600 RMB/ ton.

The international crude oil price rose in shock, the US dollar exchange rate continued to strengthen, which suppressed the international oil price. In addition, the demand did not increase significantly, so the oil price was under certain pressure. Geopolitical risks have escalated, which has provided some support for oil prices. In the short term, the trend of international oil prices remains volatile.

Singapore's fuel oil inventory decreased, supporting fuel oil prices. It is reported that the Singapore Enterprise Development Board (ESG): As of the week of September 28, Singapore's fuel oil inventory fell by 1.069 million barrels to a two-week low of 22.331 million barrels. Singapore's light distillate oil inventory increased by 276,000 barrels to a three week high of 15.641 million barrels. Singapore's medium distillate oil depot fell by 1.046 million barrels to a five week low of 7.338 million barrels.

The recent international crude oil market shocks, domestic raw material prices fall, which is bad for the domestic ship fuel market; Before the festival, the downstream stock preparation of the ship fuel market has basically ended. At present, the ship fuel market is in a strong wait-and-see mood, and the purchase is mainly just needed. At present, the 180CST low sulfur market price of fuel oil is about 6,500-6,700 RMB/ ton, and the 120CST low sulfur market price of fuel oil is about 6,600-6,800 RMB/ ton. It is expected that China fuel oil 180CST market will be fluctuated in the near future.

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