On January 9, Sinochem's Shanghai region quoted the ex-factory low-sulfur price for 180cst fuel oil at 5,200 yuan/ton, an increase of 200 yuan/ton compared to the previous trading day, and the ex-factory low-sulfur price for 120cst fuel oil at 5,300 yuan/ton, also up by 200 yuan/ton compared to the previous trading day. PriceSeek's analysis of fuel oil gives a bullish-bearish score of 2. The article indicates that the spot prices for both 180cst and 120cst fuel oil have risen by 200 yuan/ton, reflecting a significant increase and suggesting tightening market supply or strong demand, which constitutes a major positive factor for spot prices. Combined with futures data, the main fuel oil contract, such as 2605 (closing at 2,450 yuan/ton on January 8), has recently seen an increase in open interest (slice 6 shows a change of +6,785 in open interest), indicating a strengthening bullish sentiment in the market. The rise in spot prices may further drive up futures prices, particularly providing support for near-month contracts. It is advisable to monitor the short-term upward trend.