As of May 30, the average 180CST price of domestic fuel oil was 4675.00 yuan / ton (including tax), down 0.27% from 4687.50 yuan / ton on May 17, according to the data of business news agency.
| povidone Iodine |
On May 30, the BPI of the commodity price index was 1047 points, which was the same as yesterday. Compared with the highest point 1069 points (2021-05-13) in the cycle, it decreased by 2.06%, and increased by 58.64% compared with the lowest point 660 points on February 3, 2016（ Note: period refers to the period from December 1, 2011 to now
The decline of domestic marine oil raw materials has limited support for fuel oil 180CST. According to the business news agency, as of May 30, the 180 CST self provided low sulfur price quotation for fuel oil in Zhoushan area was 4600 yuan / ton, and the 120 CST self provided low sulfur price quotation for fuel oil was 4700 yuan / ton; The price of 180 CST self provided low sulfur fuel oil in Shanghai is 4700 yuan / ton, and that of 120 CST self provided low sulfur fuel oil is 4800 yuan / ton.
The international oil price rose sharply, and the US Iran negotiation process still affected the market sentiment. However, due to the storm in the Gulf of Mexico, which may lead to the closure of oil fields, and the disagreement on Iran’s lifting sanctions negotiations, the international oil price rose for a time.
Singapore’s fuel oil inventory decreased, supporting the price of fuel oil. It is understood that Singapore’s enterprise development board (ESG): in the week ending May 26, Singapore’s fuel oil inventory decreased by 2.085 million barrels to a two month low of 22.875 million barrels.
Future forecast: business community energy analysts believe that fuel oil 180CST price is basically stable in the near future, market trading is light, terminal shipping demand is weak, downstream purchasing enthusiasm is not high, mainly purchasing on demand, and rising resistance is large. Business enthusiasm for raw material procurement is not high, market turnover is low, and fuel oil 180CST market is expected to be stable in the near future.
| http://www.lubonchem.com/ |