According to the data of business agency, the average price of domestic fuel oil in 180CST was 3712 yuan / ton at the beginning of the week and 3700 yuan / ton at the weekend, down 0.34% as a whole.

On August 14, the fuel oil commodity index was 74.94, flat with yesterday, 35.35% lower than the cycle high of 115.91 (October 17, 2018), and 62.63% higher than the lowest point of 46.08 on August 15, 2016. (Note: period refers to 2011-09-01 to now)

On the one hand, tight supply, supporting fuel prices. According to the business news agency, as of the week of August 12, Singapore’s surplus fuel oil storage decreased by 2%, and the export volume jumped to the highest level in nearly six months; on the other hand, the wait-and-see mood of the downstream, especially the marine oil market, did not decrease, and the purchasing power was not strong, which suppressed the fuel price. According to the business agency, as of August 14, the price of 180 CST self raised low sulfur fuel oil in Ningbo was 3750 yuan / ton, and that in Shanghai was 3700 yuan / ton.

This week, international crude oil prices rose slightly, supporting fuel oil. According to the monitoring of business news agency, the price of WTI crude oil rose from 41.22 US dollars / barrel to 42.24 US dollars / barrel, an overall increase of 2.47%; the price of Brent crude oil increased from 44.40 US dollars / barrel to 44.96 US dollars / barrel, an overall increase of 1.26%.

Aftermarket forecast: energy analysts of the business agency believe that with the progress of the vaccine, the epidemic factors may gradually weaken, and the fuel market may strengthen in the later stage.