On February 4th, the domestic fuel oil market experienced a slight increase in prices. The ex-factory low-sulfur quotations for 180cst fuel oil were 5,250–5,450 RMB/ton, while those for 120cst fuel oil were 5,350–5,550 RMB/ton. PriceSeek's analysis of fuel oil indicates a bullish-bearish score of 1. The report notes that on February 4th, domestic spot prices for fuel oil saw a modest rise, with ex-factory low-sulfur quotations for 180cst and 120cst fuel oil increasing to 5,250–5,450 RMB/ton and 5,350–5,550 RMB/ton, respectively. This suggests tight market supply or increased demand, providing a moderate positive impact on spot prices. Based on the latest futures data (as of February 3, 2026), fuel oil futures contracts such as 2606 and 2607 generally showed a downward trend (e.g., the settlement price for the 2606 contract was 2,661 RMB/ton, with a change of -73). However, the rise in spot prices may help improve sentiment in the futures market, supporting a potential price rebound in the future, which would have a positive impact on futures prices.
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