As of June 27, the average 180CST price of domestic fuel oil was 4750.00 yuan / ton (including tax), up 0.37% from 4732.50 yuan / ton on June 21, according to the data of business news agency.

On June 27, the fuel oil commodity index was 96.20, unchanged from yesterday, down 17.00% from 115.91 (October 17, 2018), the highest point in the cycle, and up 108.77% from 46.08, the lowest point on August 15, 2016（ Note: period refers to the period from September 1, 2011 to now

Domestic marine oil raw materials rose to fuel oil 180CST cost support. According to the business news agency, as of June 27, the 180 CST self provided low sulfur price of fuel oil in Zhoushan was 4750 yuan / ton, and the 120 CST self provided low sulfur price of fuel oil was 4850 yuan / ton; The price of 180 CST self provided low sulfur fuel oil in Shanghai is 4750 yuan / ton, and that of 120 CST self provided low sulfur fuel oil is 4850 yuan / ton.

The rise of international crude oil prices, the gradual recovery of international economy in many regions, the continuous growth of vaccination in the U.S. region, and the peak season of U.S. crude oil demand, the expectation of recovery of European and American demand boosted the crude oil market. In addition, OPEC + alliance continued to adhere to the measure of gradually restoring supply from June to July, which offset the risk of increasing supply caused by the consensus reached in the U.S. – Iran nuclear agreement negotiations, supporting oil prices.

Singapore’s fuel oil inventory decreased, supporting fuel oil prices. It is understood that Singapore’s enterprise development board (ESG): in the week ending June 23, Singapore’s fuel oil inventory decreased by 574000 barrels to a four week low of 23403000 barrels.

Future forecast: business community energy analysts believe that the recent rise in crude oil prices is good support, but the market trading is weak, terminal shipping demand is weak, downstream purchasing enthusiasm is not high, mainly on-demand purchasing, rising resistance is large, ship fuel wholesalers are under pressure in both directions, at the end of the month and the beginning of the week, ship fuel 180CST market is expected to be stable in the near future.