On January 29, the domestic fuel oil market remained stable. The ex-factory low-sulfur price for 180cst fuel oil was quoted at 5,100–5,350 yuan per ton, while the ex-factory low-sulfur price for 120cst fuel oil was quoted at 5,200–5,450 yuan per ton. PriceSeek's analysis of fuel oil indicates a neutral-to-bullish score of +1. The article shows that the spot market for fuel oil remained stable, with 180cst ex-factory low-sulfur prices quoted at 5,100–5,350 yuan per ton and 120cst prices at 5,200–5,450 yuan per ton, indicating no significant fluctuations in spot prices and a stable market condition, which has a neutral impact on spot prices. Combined with the latest futures data, the main contract, such as 2605, closed at 2,815 yuan per ton (up 85 points), with open interest increasing by 8,131 lots, reflecting stronger buying interest in the market and an upward price trend, providing positive support for futures prices. Considering the stability in the spot market and the rise in futures, the overall score is +1 (slightly bullish).
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