燃料油：短线大幅转弱，下方仍有支撑，低硫燃料油：夜盘继续上行，外盘现货高低硫

Group 1: Investment Rating - No investment rating information provided in the report Group 2: Core View - The short - term trend of fuel oil has weakened significantly, but there is still support below. The night session of low - sulfur fuel oil continued to rise, and the price difference between high - sulfur and low - sulfur in the overseas spot market continued to rebound [1] Group 3: Summary of Related Catalogs 3.1 Fundamental Tracking - Futures Price and Change: FU2602 closed at 2,537 yuan/ton with a daily increase of 2.09%, and its settlement price was 2,519 yuan/ton with a 1.94% increase; FU2603 closed at 2,514 yuan/ton with a 1.94% increase, and its settlement price was 2,494 yuan/ton with a 1.46% increase; LU2602 closed at 3,056 yuan/ton with a 3.98% increase, and its settlement price was 3,016 yuan/ton with a 2.83% increase; LU2603 closed at 3,032 yuan/ton with a 2.83% increase, and its settlement price was 2,998 yuan/ton with a 2.71% increase [1] - Trading Volume and Position Change: The trading volume of FU2602 was 9,439 lots with an increase of 1,599 lots, and its position decreased by 1,393 lots; the trading volume of FU2603 was 860,405 lots with an increase of 245,605 lots, and its position increased by 32,052 lots; the trading volume of LU2602 was 2,296 lots with an increase of 571 lots, and its position decreased by 1,031 lots; the trading volume of LU2603 was 183,215 lots with an increase of 67,757 lots, and its position increased by 4,137 lots [1] - Warehouse Receipt Change: The total market warehouse receipt of fuel oil decreased by 7,890 to 84,450, and the warehouse receipt of low - sulfur fuel oil decreased by 4,360 to 22,760 [1] - Spot Price and Change: In Singapore FOB, the price of high - sulfur (3.5%S) was 340.9 US dollars/ton with a 1.95% increase, and the price of low - sulfur (0.5%S) was 413.5 US dollars/ton with a 2.37% increase; in Singapore Bunker, the high - sulfur price was 357.0 US dollars/ton with a 2.00% increase, and the low - sulfur price was 427.0 US dollars/ton with a 2.40% increase; in other regions, prices also showed different degrees of change [1] - Price Difference: The price difference between FU02 - 03 was 23 yuan/ton, the price difference between LU02 - 03 was 24 yuan/ton, the price difference between LU02 - FU02 was 519 yuan/ton; the price difference between FU2602 - Singapore MOPS (3.5%S) was 156.9 yuan/ton with a 6.5 - yuan increase, the price difference between LU2602 - Singapore MOPS (0.5%S) was 169.0 yuan/ton with a 50.2 - yuan increase, and the price difference between Singapore MOPS (0.5%S - 3.5%S) was 72.6 US dollars/ton with a 3.1 - US - dollar increase [1] 3.2 Trend Intensity - The trend intensity of fuel oil is 0, and the trend intensity of low - sulfur fuel oil is 0. The range of trend intensity is an integer in the [- 2,2] interval, where - 2 means the most bearish and 2 means the most bullish [1]