According to the commodity analysis system of SunSirs, the domestic fuel oil 180CST market has slightly increased recently. As of March 31, the average price of domestic fuel oil 180CST was 5,542.00 RMB/ton (including tax), an increase of 0.18% from the price of 5,532.00 RMB/ton on March 27.
According to the Business Society, the recent increase in the price of blended raw materials for ship fuel has supported the domestic ship fuel market, with downstream shipping market freight rates remaining stable, and ship owners mainly filling small orders for essential oil needs. According to Business News Agency, as of March 31, the self pickup low sulfur quotation for 180cst fuel oil in Dalian area of China National Fuel Oil Corporation is 5,700 RMB/ton, and the self pickup low sulfur quotation for 120cst fuel oil is 5,800 RMB/ton; The self extracted low sulfur quotation for 180cst fuel oil in the Shanghai area is 5,480 RMB/ton, and the self extracted low sulfur quotation for 120cst fuel oil is 5,580 RMB/ton.
The trend of crude oil prices fell over the weekend, and the United States imposed tariffs on various countries. The demand for crude oil is average, and crude oil prices are mainly fluctuating in the short term.
In terms of international fuel oil, the Singapore Enterprise Development Board (ESG) reported that as of the week ending March 26, Singapore's fuel oil inventory increased by 2.09 million barrels, reaching a 13 week high of 21.708 million barrels; The inventory of medium distillate oil increased by 317,000 barrels, reaching a two-week high of 10.215 million barrels; The inventory of light distillate oil decreased by 845,000 barrels, reaching a two-week low of 16.013 million barrels.
The international crude oil market is expected to decline, increasing the wait-and-see sentiment in the ship fuel market; In the shipping market, transactions are generally average, with a focus on essential needs. At present, the self extracted low sulfur quotation for 180cst fuel oil is 5,350-5,750 RMB/ton, and the self extracted low sulfur quotation for 120cst fuel oil is 5,450-5,850 RMB/ton. It is expected that the fuel oil 180CST market will mainly consolidate in the near future.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com
