燃料油：大幅下跌，短期转入弱势，低硫燃料油：继续跟随原油回调，外盘高低硫
Guo Tai Jun An Qi Huo·2025-05-23 01:47

Report Overview - The report focuses on the fuel oil and low-sulfur fuel oil markets, analyzing their price movements, fundamentals, and trend intensities [1] Market Performance Futures Prices - FU2506 closed at 2,976 yuan/ton, down 3.19% from the previous day, with a night session increase of 1.85% [1] - FU2507 closed at 3,031 yuan/ton, down 0.59%, and had a night session increase of 0.23% [1] - LU2506 closed at 3,603 yuan/ton, down 0.96%, and had a night session increase of 0.50% [1] - LU2507 closed at 3,621 yuan/ton, down 0.55%, and had a night session decrease of 2.10% [1] Trading Volume and Open Interest - Trading volume of FU2506 was 127 lots, a decrease of 97 lots; open interest was 232 lots, a decrease of 45 lots [1] - Trading volume of FU2507 was 593,211 lots, a decrease of 60,659 lots; open interest was 146,599 lots, a decrease of 11,052 lots [1] - Trading volume of LU2506 was 486 lots, a decrease of 40 lots; open interest was 3,403 lots, a decrease of 274 lots [1] - Trading volume of LU2507 was 88,747 lots, an increase of 12,096 lots; open interest was 66,022 lots, a decrease of 3,729 lots [1] Spot Prices - Singapore MOPS high-sulfur (3.5%S) was at 431.3 dollars/ton, down 2.63%; low-sulfur (0.5%S) was at 493.4 dollars/ton, down 1.84% [1] - Singapore Bunker high-sulfur was at 435.0 dollars/ton, down 3.55%; low-sulfur was at 505.0 dollars/ton, down 2.51% [1] - Other bunker prices in different regions also showed varying degrees of decline [1] Price Spreads - FU06 - 07 spread was -55 yuan/ton, with a settlement spread of -7 yuan/ton, a difference of 48 yuan/ton [1] - LU06 - 07 spread was -18 yuan/ton, with a settlement spread of 76 yuan/ton, a difference of 94 yuan/ton [1] - LU06 - FU06 spread was 627 yuan/ton, with a settlement spread of 590 yuan/ton, a difference of -37 yuan/ton [1] - FU2506 - Singapore MOPS (3.5%S) spread was -131.2 yuan/ton, a decrease of 14.0 yuan/ton from the previous day [1] - LU2506 - Singapore MOPS (0.5%S) spread was 48.6 yuan/ton, an increase of 31.8 yuan/ton from the previous day [1] - Singapore MOPS (0.5%S - 3.5%S) spread was 62.1 dollars/ton, an increase of 2.4 dollars/ton from the previous day [1] Trend Intensity - The trend intensity of fuel oil is -1, and that of low-sulfur fuel oil is also -1, indicating a bearish outlook [1]