Trade name: fuel oil 180CST

The latest price is RMB 3711-30-2020

Analysis points: on November 30, the price of fuel oil was 3737.50 yuan / ton, and the market was stable. According to the recent crude oil price, oil cost is supported by $53.45/barrel. On the other hand, in the short term, the terminal demand is still low, and the supply ship market has great resistance. It is understood that as of November 25, Singapore’s residual fuel oil inventory, including fuel oil and low sulfur waxy residual oil, increased by 2036000 barrels to 24.038 million barrels, light distillate stocks including naphtha, gasoline and reformate oil increased by 112000 barrels to 12.546 million barrels, and medium distillate stocks decreased by 703000 barrels to 15.39 million barrels.

Aftermarket forecast: the fuel market is expected to remain stable in the short term.