7月份船燃需求将趋于稳定 燃料油期货偏强震荡

Core Viewpoint - Fuel oil futures showed a strong fluctuation, with the main contract reaching a peak of 3001.00 yuan and closing at 2984.00 yuan, reflecting a 0.95% increase [1] Group 1: Market Analysis - High-sulfur fuel oil is expected to experience a short-term rebound due to increased demand from power generation and refining, despite mid-term supply pressures [2] - The supply of fuel oil remains ample, with Middle Eastern loading volumes unaffected by regional conflicts, leading to a cautious outlook on price stabilization [3] - The cost of high-sulfur fuel oil is expected to remain weak in the short term, while low-sulfur fuel oil prices are anticipated to maintain a stable range [4] Group 2: Institutional Perspectives - Everbright Futures recommends shorting high-sulfur crack spreads at elevated prices [5] - Southwest Futures suggests a wait-and-see approach for the main fuel oil contract, indicating a cautious stance in the current market [5]