According to the data of business agency, as of December 19, the average price of domestic fuel oil 180CST was 5120.00 yuan / ton (including tax), down 1.59% from 5040.00 yuan / ton on December 13.

On December 19, the fuel oil commodity index was 103.70, unchanged from yesterday, down 16.61% from the highest point 124.35 in the cycle (2021-10-26), and up 125.04% from the lowest point 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

The rising price of domestic marine oil raw materials supports the cost of fuel oil 180CST. According to the business news agency, as of December 19, the self raised low sulfur quotation of 180 CST fuel oil in Zhoushan area was 5300 yuan / ton, and the self raised low sulfur quotation of 120 CST fuel oil was 5400 yuan / ton; The quotation of 180 CST self extracting low sulfur fuel oil in Shanghai is 5150 yuan / ton, and the quotation of 120 CST self extracting low sulfur fuel oil is 5250 yuan / ton.

The international crude oil price fluctuated this week. OPEC believes that the recovery of crude oil demand is delayed to some extent by the impact of the new variant virus. Second, U.S. oil reserves continued to decline, and U.S. commercial crude oil inventories and refined oil inventories decreased comprehensively. According to the data of the U.S. energy information administration, as of the week of December 10, the U.S. crude oil inventory was 428.86 million barrels, down 4.58 million barrels from the previous week; The total gasoline inventory in the United States was 218.585 million barrels, a decrease of 720000 barrels over the previous week. The slight decrease in crude oil inventory was good for crude oil prices and the long short game in the crude oil market.

Singapore’s increased fuel stocks have limited support for fuel oil prices. It is understood that Singapore enterprise development authority (ESG): as of the week of December 15, Singapore’s fuel oil inventory increased by 302000 barrels, reaching a three-week high of 20.929 million barrels. Singapore’s light distillate oil inventory increased by 112000 barrels, reaching a two-week high of 12.073 million barrels. Singapore’s medium distillate oil inventory increased by 627000 barrels, reaching a three-week high of 8.037 million barrels.

Future forecast: the international crude oil fluctuates, the rising cost of ship fuel market supports the trend of ship fuel market, and the prices of some markets rise by 100-150 yuan / ton, but the terminal demand is general, the wait-and-see mood is strong, the transaction is light, and the procurement is cautious. The market price of fuel oil 180CST low sulfur is about 5100-5300 yuan / ton, and the market price of fuel oil 120cst low sulfur is about 5200-5400 yuan / ton. It is expected that the fuel oil 180CST market may be dominated by consolidation in the near future.