Group 1 - The domestic futures market for fuel oil is experiencing fluctuations, with the main contract opening at 2486.00 CNY/ton and showing a decline of approximately 1.77% [1] - The market is characterized by sufficient supply and a slowdown in demand due to holidays, with geopolitical risks providing some support for prices [1] - Major institutions predict that the fuel oil market will continue to operate within specific ranges, with FU2603 expected to trade between 2450-2500 CNY and LU2603 between 2980-3030 CNY [1] Group 2 - Recent maintenance at the Malaysia Rapid refinery has concluded, leading to a reduction in low-sulfur supply, while other refineries are also resuming operations, improving supply conditions [2] - The demand side remains stable, with sufficient spot market supply and ample quotas in China, although overall low-sulfur fundamentals appear weak [2] - The market outlook suggests a cautious approach due to limited driving factors for cracking margins [2]
市场需求因假日已有所放缓 燃料油期货表现偏弱
Jin Tou Wang·2025-12-31 06:02