Core Viewpoint - The domestic futures market for fuel oil shows mixed performance, with a downward trend observed in fuel oil prices, influenced by international oil price fluctuations and supply-demand dynamics [1] Group 1: Market Performance - Fuel oil futures opened at 2765.00 CNY/ton, with intraday fluctuations leading to a high of 2770.00 CNY and a low of 2712.00 CNY, resulting in a decline of 2.58% [1] - The overall market performance for fuel oil is characterized by weak trading conditions and a downward trend [1] Group 2: Supply and Demand Analysis - The International Energy Agency (IEA) has raised its supply forecast for the year, indicating that the increase in supply outpaces demand, leading to a greater market surplus [1] - Concerns regarding the supply side are highlighted, with a focus on high sulfur fuel oil, despite a decrease in Russian exports, as Singapore's inventory reaches record highs [1] Group 3: Strategic Insights - Companies are advised to adopt strategies combining high-position short selling and out-of-the-money call options due to limited rebound potential in the market [1] - Continuous monitoring of geopolitical conflicts and U.S. sanctions is recommended, as these factors could influence fuel oil prices [1] - The market remains attentive to the ample supply of fuel oil, with strategies suggested to exploit the price differential between high and low sulfur fuel oil [1]
短期基本面驱动不强 燃料油期货盘中低位震荡运行
Jin Tou Wang·2025-09-12 06:06