SunSirs: China Domestic Ship Fuel Market Saw a Slight Upward Trend on June 27

https://www.chemnet.com   Jun 28,2024 SunSirs

According to the Commodity Analysis System of SunSirs, the domestic fuel oil price of 180CST slightly increased on June 27th, with an average price of 5,582.00 RMB/ton (including tax), an increase of 0.11% from the price of 5,576.00 RMB/ton on June 26th.

According to the SunSirs, as of June 27th, the self pickup low sulfur quotation for fuel oil in the Dalian area of CNOOC is 5,700 RMB/ton, and the self pickup low sulfur quotation for fuel oil in the Dalian area is 5,800 RMB/ton; The price for self extracting low sulfur fuel oil in the Shanghai area of CNOOC is 5,480 RMB/ton for 180CST, and 5,580 RMB/ton for self extracting low sulfur fuel oil in 120CST. Recently, the prices of mixed raw materials in China have fallen, and the cost of ship fuel market has become loose, leading to a strong wait-and-see sentiment; In the ship supply market, shipowners have low intentions to replenish oil, and transactions are limited. At present, the low sulfur market price of fuel oil 180CST is around 5,500-5,800 RMB/ton, and the low sulfur market price of fuel oil 120CST is around 5,600-5,900 RMB/ton, which can be negotiated separately. It is expected that the fuel oil 180CST market will mainly consolidate in the near future.

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