燃料油：再次转弱，盘面重心继续下移，低硫燃料油，窄幅震荡，外盘现货高低硫价差

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core View of the Report - Fuel oil has weakened again, and the center of the futures price has continued to decline; low-sulfur fuel oil has shown a narrow-range oscillation, and the price spread between high- and low-sulfur fuels in the overseas spot market has remained stable for the time being [1] 3) Summary by Relevant Catalogs Fundamental Tracking - Futures Price and Change: The closing prices of FU2601, FU2602, LU2601, and LU2602 were 2,418 yuan/ton (-3.59%), 2,442 yuan/ton (-1.33%), 2,989 yuan/ton (-2.67%), and 3,014 yuan/ton (-1.74%) respectively; the settlement prices decreased by 1.33%, 1.48%, 1.74%, and 1.70% respectively [1] - Trading Volume and Open Interest: The trading volumes of FU2601, FU2602, LU2601, and LU2602 were 443,893 lots, 177,549 lots, 5,063 lots, and 88,086 lots respectively; the open interests were 186,666 lots, 119,788 lots, 11,322 lots, and 55,826 lots respectively. The trading volume and open interest of some contracts increased, while others decreased [1] - Warehouse Receipts: The total market warehouse receipts of fuel oil decreased by 19,990 to 6,100, and the warehouse receipts of low-sulfur fuel oil decreased by 330 to 40 [1] - Spot Prices: Spot prices of high- and low-sulfur fuels in various regions decreased to varying degrees, with the Singapore FOB price of high-sulfur fuel oil (3.5%S) dropping by 2.96% to $333.7/ton, and the low-sulfur fuel oil (0.5%S) dropping by 2.37% to $415.0/ton [1] - Price Spreads: The spreads of FU01 - 02, LU01 - 02, and LU01 - FU01 were -24 yuan/ton, -25 yuan/ton, and 571 yuan/ton respectively; the spreads between some futures contracts and Singapore MOPS prices decreased [1] Trend Intensity - The trend intensity of fuel oil and low-sulfur fuel oil is 0, indicating a neutral trend [1]