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原油系板块集体飘红 低硫燃料油主力涨逾2%
Jin Tou Wang·2025-07-29 04:10

Core Viewpoint - The domestic futures market for crude oil-related products showed a collective increase, with low-sulfur fuel oil leading the gains at over 2% on July 29, indicating a positive trend in the sector [1]. Group 1: Price Movements - Low-sulfur fuel oil futures rose by 2.14%, reaching 3624.00 CNY/ton [1] - Crude oil futures increased by 1.94%, priced at 515.30 CNY/barrel [1] - Fuel oil futures saw a rise of 1.71%, now at 2909.00 CNY/ton [1] - Asphalt futures experienced a modest increase of 0.56%, priced at 3611.00 CNY/ton [1] Group 2: Futures Market Data - The opening prices for various contracts on July 29 were as follows: SC crude oil at 510.30 CNY, fuel oil at 2895.00 CNY, asphalt at 3589.00 CNY, liquefied petroleum gas at 4001.00 CNY, and low-sulfur fuel oil at 3570.00 CNY [2]. - The previous closing prices were: SC crude oil at 505.90 CNY, fuel oil at 2869.00 CNY, asphalt at 3569.00 CNY, liquefied petroleum gas at 3992.00 CNY, and low-sulfur fuel oil at 3545.00 CNY [2]. Group 3: Warehouse Data - As of July 28, the warehouse data indicated an increase in medium-sulfur crude oil futures warehouse receipts by 732,000 barrels, totaling 5,249,000 barrels [3]. - Fuel oil futures warehouse receipts remained unchanged at 110,980 tons [3]. - Asphalt futures warehouse receipts were stable at 39,230 tons, with an additional 42,950 tons in storage [3]. - Liquefied petroleum gas futures warehouse receipts held steady at 9,804 lots [3]. - Low-sulfur fuel oil warehouse receipts remained unchanged at 90 tons [3]. Group 4: Basis Data - The basis data showed a phenomenon of "backwardation" for several products, where spot prices exceeded futures prices [3]. - For fuel oil, the spot price was 5275 CNY, with a futures price of 2860 CNY, resulting in a basis of 2415 CNY and a basis rate of 45.78% [3]. - For asphalt, the spot price was 3700 CNY, with a futures price of 3591 CNY, leading to a basis of 109 CNY and a basis rate of 2.95% [3]. - For liquefied petroleum gas, the spot price was 4750 CNY, with a futures price of 3997 CNY, resulting in a basis of 753 CNY and a basis rate of 15.85% [3]. - For low-sulfur fuel oil, the spot price was 3673 CNY, with a futures price of 3545 CNY, leading to a basis of 128 CNY and a basis rate of 3.48% [3].