According to the data of business agency, as of June 12, the average price of 180CST of domestic fuel oil was 6536.00 yuan / ton (including tax), up 1.02% from 6470.00 yuan / ton on June 6.

On June 12, the fuel oil commodity index was 132.37, unchanged from yesterday, hitting a new high in the cycle, up 187.26% from the lowest point of 46.08 on August 15, 2016. (Note: the period refers to the period from September 1, 2011 to now)

International crude oil prices rose, and the high price of domestic marine oil raw materials supported the cost of fuel oil 180CST. According to the business news agency, as of June 12, the price of 180CST self raised low sulfur fuel oil and 120cst self raised low sulfur fuel oil in Zhoushan was 6600 yuan / ton and 6650 yuan / ton respectively; The quotation for 180CST self extracting low sulfur fuel oil in Shanghai is 6600 yuan / ton, and the quotation for 120cst self extracting low sulfur fuel oil is 6700 yuan / ton.

As the international crude oil price rises, the EU’s oil ban on sanctions against Russia has been delayed, and the expectation of tight supply remains unchanged. With the arrival of summer driving season in the United States, demand is expected to improve, and supply and demand fundamentals are still good for oil prices. At present, it is in the peak season of traditional consumption of crude oil, and it is also a season of high incidence of extreme weather such as hurricanes. Crude oil has a great tendency to hit a new high again, and the rise of international oil prices is unabated.

Singapore’s fuel oil inventory decreased, supporting fuel oil prices. It is understood that Singapore enterprise development authority (ESG): as of the week of June 8, Singapore’s medium distillate oil inventory fell by 194000 barrels to a five week low of 6.791 million barrels; Light distillate stocks fell by 139000 barrels to a three week low of 15.121 million barrels.

Future forecast: the price of raw materials in the domestic ship fuel market is high, the bidding price of asphalt and Fushun shale oil is rising, and the cost of the ship fuel market is under pressure. However, the market terminal demand is weak, the wait-and-see mood is strong, and the overall transaction in the market is light. At present, the low sulfur market price of fuel oil 180CST is about 6600 yuan / ton, and the low sulfur market price of fuel oil 120cst is about 6700 yuan / ton. It is a single discussion. It is expected that the 180CST market of fuel oil will be mainly sorted out in the near future.