According to the data of business agency, as of September 26, the average price of domestic fuel oil 180CST was 4890.00 yuan / ton (including tax), up 0.41% from 4870.00 yuan / ton on September 20.

On September 26, the fuel oil commodity index was 99.04, the same as yesterday, down 14.55% from the highest point of 115.91 in the cycle (October 17, 2018), and up 114.93% from the lowest point of 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

Domestic marine oil raw materials have limited support for fuel oil 180CST. According to the business news agency, as of September 26, the self raised low sulfur quotation of 180 CST fuel oil and 120 CST fuel oil in Zhoushan area was 4850 yuan / ton, and the self raised low sulfur quotation of 120 CST fuel oil was 4950 yuan / ton; The quotation of 180 CST self extracting low sulfur fuel oil in Shanghai is 4900 yuan / ton, and the quotation of 120 CST self extracting low sulfur fuel oil is 5000 yuan / ton.

International oil prices continued to rise. The recent rise in oil prices was mainly due to the slow recovery of oil and gas production in the United States Gulf region, coupled with the increase in the capacity utilization rate of refineries on the east coast of the United States to 93%, a record high since May. The continuous decline of U.S. crude oil inventories formed a strong support for oil prices.

Singapore’s fuel oil inventory decreased, which supported fuel oil prices. It is understood that the Singapore enterprise development authority (ESG): as of the week of September 22, Singapore’s fuel oil inventory increased by 156000 barrels to a two-week high of 21.457 million barrels. Singapore’s medium distillate stocks fell 14000 barrels to a two-week low of 10.847 million barrels. Singapore’s light distillate stocks fell 924000 barrels to a seven week low of 13.056 million barrels.

Future forecast: the international crude oil continues to rise this week, the ship fuel market is mainly stable, the market wait-and-see mood is strong, the just demand is mainly, and the transaction is limited. It is expected that the fuel oil 180CST market may remain stable in the near future.