燃料油早报-20260226

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - No clear overall core view presented in the given content 3. Summary by Related Catalogs Rotterdam Fuel Oil - On February 25, 2026, compared with the previous day, the price of Rotterdam 3.5% HSF O swap M1 increased by 6.03, Rotterdam 0.5% VLS FO swap M1 increased by 2.03, Rotterdam HSFO - Brent M1 increased by 0.95, Rotterdam 10ppm Gasoil swap M1 increased by 6.41, Rotterdam VLSFO - Gasoil M1 decreased by 4.38, LGO - Brent M1 remained unchanged, and Rotterdam VLSFO - HSFO M1 decreased by 4.00 [1] Singapore Fuel Oil - In the Singapore market, on February 25, 2026, compared with the previous day, the price of Singapore 380cst M1 increased by 19.48, Singapore 180cst M1 increased by 16.82, Singapore VLSFO M1 increased by 2.46, Singapore GO M1 increased by 0.63, Singapore 380cst - Brent M1 increased by 3.38, and Singapore VLSFO - Gasoil M1 decreased by 2.20 [1] Singapore Fuel Oil Spot - For the Singapore fuel oil spot, on February 25, 2026, compared with the previous day, FOB 380cst increased by 8.30, FOB VLSFO decreased by 1.59, the 380 - basis decreased by 0.25, the high - sulfur internal - external spread increased by 1.8, and the low - sulfur internal - external spread decreased by 0.7 [2] Domestic FU - In the domestic FU market, on February 25, 2026, compared with the previous day, FU 01 increased by 6, FU 05 increased by 1, FU 09 increased by 7, FU 01 - 05 increased by 5, FU 05 - 09 decreased by 6, and FU 09 - 01 increased by 1 [2] Domestic LU - In the domestic LU market, on February 25, 2026, compared with the previous day, LU 01 decreased by 20, LU 05 decreased by 42, LU 09 decreased by 52, LU 01 - 05 increased by 22, LU 05 - 09 increased by 10, and LU 09 - 01 decreased by 32 [3]