Core Viewpoint - Fuel oil futures experienced a sharp decline, with the main contract dropping to a low of 2672.00 yuan, closing at 2690.00 yuan, down 1.18% [1] Group 1: Market Analysis - Dayue Futures indicates a weak operation for fuel oil due to aggressive selling pressure in the spot market, leading to a widening of the price difference for low-sulfur fuel oil [2] - Ruida Futures expects fuel oil to maintain a range-bound consolidation in the short term, influenced by weak global economic conditions and excess crude oil supply [3] - Guotou Anxin Futures anticipates an expansion in the price difference between high and low sulfur fuel oils, driven by unexpected production halts and adjustments in shipping schedules [4] Group 2: Supply and Demand Dynamics - The low-sulfur fuel oil market is expected to receive some support in the coming weeks due to tightening supply from recent economic shifts, despite a generally weak market [2] - Domestic independent refineries are resuming operations, leading to a slight increase in capacity utilization, while major refineries are reducing output, impacting overall supply dynamics [3] - The overall supply of low-sulfur fuel oil remains ample in Asia, with significant shipments planned, limiting upward price momentum [4]
供应格局趋于宽松 燃料油期货偏弱运行
Jin Tou Wang·2025-11-07 07:14