Group 1: Report Industry Investment Ratings - No industry investment ratings are provided in the report. Group 2: Core Views of the Report - The copper market shows a slowdown in inventory depletion, with high selling pressure due to weakening premiums and uncertain future demand. Attention should be paid to consumption inflection points and market sentiment influenced by Sino - US negotiations. For aluminum, supply slightly increases, and the demand gap remains. It is recommended to observe absolute prices and take profit on aluminum internal - external reverse spreads. For zinc, it is in a state of strong current situation and weak expectations, and it is advisable to short at high prices and hold internal - external positive spreads. For nickel, the short - term fundamentals are weak, and attention should be paid to tariff policies and nickel - stainless steel ratio contraction opportunities. For stainless steel, the fundamentals are weak, and the unilateral price is expected to be under pressure. For lead, the price is expected to fluctuate within a certain range, and the supply is expected to decrease in May. For tin, the short - term supply is disturbed, and it is recommended to observe in the short - term and look for high - short opportunities in the long - term. For industrial silicon, the short - term supply and demand both decrease, and the price is expected to oscillate at the bottom in the long - term. For lithium carbonate, the price is expected to oscillate weakly in the medium - long term, and there is short - term demand for replenishment [1][2][4][7][8][10][12]. Group 3: Summary by Metal Copper - **Market Data**: From April 30 to May 9, the spot premium decreased by 145, the waste - refined copper spread decreased by 260, and the inventory decreased by 375. The spot import profit increased by 412.57, and the three - month import profit increased by 205.67 [1]. - **Supply and Demand**: In April, copper concentrate imports increased. There is no concentrated production reduction or maintenance in smelting enterprises. The demand shows strong current situation but weak future expectations, with concerns about photovoltaic installation and re - export demand [1]. - **Outlook**: The inventory depletion slope may continue to slow down. Pay attention to consumption inflection points and market sentiment influenced by Sino - US negotiations. The upward momentum of the monthly spread requires substantial shortages or a decline in absolute prices [1]. Aluminum - **Market Data**: From April 30 to May 9, the Shanghai aluminum ingot price decreased by 10, and the social inventory had no significant change. The spot import profit decreased by 213.48, and the three - month import profit decreased by 129.00 [1]. - **Supply and Demand**: Supply slightly increases, and the demand gap remains. The 5 - 7 month inventory depletion is expected to be gentle [1]. - **Outlook**: Observe absolute prices, take profit on aluminum internal - external reverse spreads. If the absolute price drops, the monthly positive spread can be held [1]. Zinc - **Market Data**: From April 30 to May 9, the zinc price center oscillated slightly downward. The domestic TC increased by 50 yuan/ton, and the import TC slightly increased. The social inventory is at a low level, and the LME inventory decreased slightly [2]. - **Supply and Demand**: Supply is stable with a slight decrease in smelting maintenance in May. Domestic demand has limited impetus, and overseas demand shows a slight recovery. The domestic inventory is expected to turn from depletion to accumulation in mid - late May [2]. - **Outlook**: Pay attention to the inventory turning point, short at high prices, hold internal - external positive spreads, and look for monthly reverse spread opportunities after mid - May [2]. Nickel - **Market Data**: From April 30 to May 9, the price of 1.5% Philippine nickel ore remained unchanged, and the price of high - nickel iron was not provided. The price of Shanghai nickel decreased by 300, and the spot import profit decreased by 316.87 [3]. - **Supply and Demand**: Supply remains at a high level, and demand is weak. Overseas nickel plate inventory decreases slightly, and domestic inventory remains stable [4]. - **Outlook**: Pay attention to tariff policies of Indonesia and other countries towards China and nickel - stainless steel ratio contraction opportunities [4]. Stainless Steel - **Market Data**: From April 30 to May 9, the price of 304 cold - rolled coil remained unchanged, and the price of waste stainless steel increased by 50 [7]. - **Supply and Demand**: Supply may decrease in May, and demand is mainly for rigid needs. The cost of nickel - iron and chrome - iron is under pressure, and the inventory in Xijiao and Foshan accumulates after the holiday [7]. - **Outlook**: The unilateral price is expected to be under pressure, and the reverse spread can be transferred and held [7]. Lead - **Market Data**: From April 30 to May 9, the lead price oscillated. The spot import profit decreased by 262.91, and the LME inventory decreased by 1725 [8]. - **Supply and Demand**: Supply is affected by factors such as low scrap volume and concentrated production of recycled smelters. Demand is weak, with a slight decline in battery export orders [8]. - **Outlook**: The price is expected to oscillate between 16700 - 16900, and the supply in May is expected to decrease [8]. Tin - **Market Data**: From April 30 to May 9, the spot import profit decreased by 3114.23, and the spot export profit increased by 2935.09. The LME inventory decreased by 50 [8]. - **Supply and Demand**: Supply is affected by factors such as the resumption of production in African mines and the possible reduction in domestic production. Demand is weak, with limited elasticity of solder and a decline in terminal electronics and photovoltaic growth [8]. - **Outlook**: The short - term supply is disturbed, and it is recommended to observe in the short - term. In the long - term, look for high - short opportunities, and June may be a key stage to verify the transfer from ore shortage to ingot shortage [8]. Industrial Silicon - **Market Data**: From April 30 to May 9, the basis of 421 silicon in Yunnan, Sichuan, and the basis of 553 silicon in East China and Tianjin increased by 110, and the number of warehouse receipts decreased by 1077 [10]. - **Supply and Demand**: Supply is affected by factors such as the reduction in production of large northern factories and the resumption of production in some factories in Sichuan, Inner Mongolia, and Ningxia. Demand is weak, with a decline in the demand for organic silicon and polysilicon [10]. - **Outlook**: The short - term supply and demand both decrease, and the price is expected to oscillate at the bottom in the long - term [10]. Lithium Carbonate - **Market Data**: From April 30 to May 9, the price of SMM electric - grade lithium carbonate decreased, and the basis of the main contract increased by 1260. The number of warehouse receipts increased by 110 [12]. - **Supply and Demand**: Supply increases, with the end of production line maintenance in some factories and the release of goods by large salt - lake factories. Demand is weak, with a reduction in orders from the US energy storage market and only safety - stock replenishment by downstream enterprises [12]. - **Outlook**: The price is expected to oscillate weakly in the medium - long term, and there is short - term demand for replenishment [12].

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The fundamentals of the LPG market are weak, and the short - term futures market is expected to fluctuate weakly [1] Group 3: Summary by Relevant Catalog Price and Market Conditions - On Friday, for civil LPG, prices in Shandong remained stable at 4780, in East China at 4938, and in South China dropped 50 to 5130; for imported LPG, prices in East China decreased 7 to 5136, and in South China decreased 60 to 5140; the price of ether - post carbon four rose 10 to 4810. The lowest price was Shandong civil LPG at 4780. The PG futures market fluctuated weakly, with the basis of the 06 contract at 433 and the 06 - 07 spread at 104. The US - to - Far - East arbitrage window was closed [1] - Last week, the domestic civil LPG market was weak. Prices in South China rose and then fell; those in East China and Shandong fluctuated weakly; the center of ether - post carbon four prices moved down significantly; the price of the cheapest deliverable (Shandong LPG) was 4800 yuan/ton. The futures market center moved down slightly; the 06 basis fluctuated; the 06 - 07 spread strengthened [1] Supply and Demand - The LPG commodity volume was 48.55 tons (-1.06%), and the external supply is expected to be stable in the next three weeks. The PDH operating rate decreased to 59.59% (-2.76%) due to high import costs and poor downstream demand. The alkylation operating rate remained flat, and production margins turned profitable, with a small expected increase in operating rate. MTBE production decreased, and the profits of gas - fractionation etherification and isomerization etherification were poor [1] External Market - CP and FEI prices rose slightly, while MB prices remained flat. The internal - external price spread fluctuated, with a slight increase in FEI - MB, and little change in FEI - CP and CP - MB. Freight rates from the US Gulf to Japan and from the Middle East to the Far East rose slightly. US C3 inventories were basically flat, exports increased, and the US - to - Far - East arbitrage window was closed. OPEC+ reduced the production cut, and PG supply is expected to increase. CP official prices are expected to fall, and the propane - butane spread is expected to widen [1]

Report Industry Investment Rating - Not provided Core Viewpoints - During the May Day holiday, the decline of the foreign LPG market was less than that of crude oil, and the oil - gas ratio decreased. The official prices of May CP were higher than market expectations, and the increase of CP discount drove up the import cost, providing some support for the propane price. The domestic civil gas price remained stable overall, with the cheapest deliverable product priced at 4,820 yuan/ton. The LPG market is expected to be dominated by weak oscillations [1]. Summary by Relevant Contents Market Price Information - From April 24 to April 30, 2025, the prices of South China LPG, East China LPG, Shandong LPG, propane CFR South China, propane CIF Japan, MB propane spot, CP forecast contract price, Shandong ether - after carbon four, and Shandong alkylated oil showed different trends. The daily change on April 30 showed that the price of propane CFR South China increased by 17, propane CIF Japan decreased by 8, MB propane spot decreased by 9, CP forecast contract price decreased by 9, Shandong ether - after carbon four increased by 50, and the paper import profit decreased by 136, while the主力基差 decreased by 1 [1]. - On May 4, for civil gas, the price in Shandong decreased by 10 to 4,820, remained flat in East China at 4,925, and increased by 90 to 5,180 in South China; for imported gas, the price in East China increased by 15 to 5,158, and in South China increased by 80 to 5,230; the price of ether - after carbon four increased by 50 to 4,970. The lowest price was the civil gas in Shandong at 4,820 [1]. Market Conditions and Trends - Before the holiday, the PG futures market oscillated, with the basis of the 06 contract at 420 and the PG06 - 07 monthly spread at 94, which narrowed. The arbitrage window from the US to the Far East was closed [1]. - Fundamentally, the high arrival volume led to obvious port inventory accumulation; the factory inventory decreased slightly due to upstream price - cutting to clear inventory before the holiday, but the downstream replenishment demand was average. After the holiday, the arrival volume is expected to decline gradually, especially the arrival of US goods. The upstream refinery supply is expected to be stable in the short term, with an expected increase in June. Chemical demand is expected to be average, with weak demand for alkylated oil, limited willingness of factories to increase production in the short term; MTBE is expected to operate weakly overall; some PDH factories may reduce production due to raw material procurement problems [1].

Report Industry Investment Rating - Not provided Core Viewpoints - This week, the high-sulfur cracking fluctuated, the 380 near-month spread weakened slightly, and the 380 basis strengthened. The low-sulfur cracking fluctuated and strengthened, the spread fluctuated, and the basis strengthened slightly. Singapore's land-based inventory continued to accumulate, ARA's inventory accumulated, and the US residual oil inventory decreased. Singapore's floating storage decreased overall, the high-sulfur floating storage increased, and the low-sulfur floating storage decreased. The floating storage in the Middle East accumulated, and the high-sulfur floating storage increased slightly. The high-sulfur floating storage in Fujairah increased significantly. The floating storage in Europe fluctuated, and the high-sulfur floating storage decreased slightly. The floating storage in the US decreased. Recently, the fundamentals of high and low sulfur have diverged. Affected by the consumption tax deduction and tariff adjustment in China, the refinery feed demand for fuel oil has declined significantly. Recently, the differentiation between high-sulfur standard and non-standard products has continued. Recently, the spread between high and low sulfur can be expanded on dips, but there is no downward trend in high-sulfur cracking before the peak season. Pay attention to the fulfillment of power generation procurement demand [4][5] Summary by Relevant Catalogs Rotterdam Fuel Oil Swap Data - From April 23 to April 29, 2025, the price of Rotterdam 3.5% HSF O swap M1 decreased by 3.74, the price of Rotterdam 0.5% VLS FO swap M1 decreased by 5.23, the Rotterdam HSFO-Brent M1 increased by 0.09, the Rotterdam 10ppm Gasoil swap M1 decreased by 7.22, the Rotterdam VLSFO-G M1 increased by 1.99, the LGO-Brent M1 increased by 0.64, and the Rotterdam VLSFO-HSFO M1 decreased by 1.49 [2] Singapore Fuel Oil Swap Data - From April 23 to April 29, 2025, the price of Singapore 380cst M1 decreased by 5.99, the price of Singapore 180cst M1 decreased by 6.68, the price of Singapore VLSFO M1 decreased by 8.88, the price of Singapore Gasoil M1 decreased by 1.11, the Singapore 380cst-Brent M1 increased by 0.51, and the Singapore VLSFO-Gasoil M1 decreased by 0.67 [2] Singapore Fuel Oil Spot Data - From April 23 to April 29, 2025, the FOB 380cst price decreased by 7.03, the FOB VLSFO price decreased by 10.25, the 380 basis decreased by 0.05, the high-sulfur internal and external spread decreased by 0.6, and the low-sulfur internal and external spread decreased by 1.0 [3] Domestic FU Data - From April 23 to April 29, 2025, the price of FU 01 decreased by 58, the price of FU 05 decreased by 57, the price of FU 09 decreased by 62, the FU 01 - 05 spread decreased by 1, the FU 05 - 09 spread increased by 5, and the FU 09 - 01 spread decreased by 4 [3] Domestic LU Data - From April 23 to April 29, 2025, the price of LU 01 decreased by 74, the price of LU 05 decreased by 68, the price of LU 09 decreased by 75, the LU 01 - 05 spread decreased by 6, the LU 05 - 09 spread increased by 7, and the LU 09 - 01 spread decreased by 1 [4]

Report Industry Investment Rating No relevant information provided. Core Views Polyolefin Industry - LL: In May, maintenance increases and imports decrease. If the exemption of ethane imports weakens the expectation of supply reduction, attention should be paid to the demand situation after May. Under the situation of weak supply and demand, the inventory pressure is still large, and there is a possibility of decline in the long - term pattern [4]. - PP: In the second quarter, the peak maintenance season eases the supply pressure slightly, but the output is still high. The demand has bottom support but is gradually weakening. The long - term pattern is weak, and there is a downward risk [4]. Styrene Industry - The market price of pure benzene continues to decline. The raw material trend is weak, and the downstream styrene futures are also weak. The supply of pure benzene has returned, and there is no sign of improvement. The styrene market is weakly volatile, and there is supply pressure in May. In the medium term, due to the impact of tariffs, there is price pressure on styrene. The strategy is to participate in high - altitude operations, with the upper resistance line at 7300 [11]. Polyester Industry - PX: The short - term trading may be stronger, and the strategy is to focus on expanding the low - level spread of PX - SC. - PTA: The supply and demand drive becomes stronger, and the price support is relatively strong. The strategy is to wait and see before the festival, and treat TA9 - 1 as a short - term positive spread and a medium - term reverse spread. - Ethylene glycol: It is expected to fluctuate in May. The strategy is that EGO9 is expected to fluctuate between 4050 - 4300. - Short - fiber: The rebound space is limited, and it will be mainly adjusted by shock before the festival. The strategy is similar to PTA for one - side trading, and pay attention to the opportunity to expand the processing fee of PFO6 below 900. - Bottle chips: The output is expected to be high, and the relative price follows the raw material fluctuations. The strategy is similar to PTA for one - side trading, and the main contract processing fee is expected to fluctuate between 350 - 550 yuan/ton [16]. PVC and Caustic Soda Industry - Caustic soda: The short - term supply and demand improve marginally, but the long - term expectation is weak. It is recommended to wait and see before the festival, and mainly go short in the medium - term for the 09 contract. - PVC: The start - up rate increases slightly, and the social inventory continues to decline seasonally. The demand is average, and there are problems in exports. The short - term operation should be cautious, and the medium - and long - term strategy is to participate in high - altitude operations [24]. Urea Industry - The main problem is the poor connection between supply and demand under the background of high supply. The supply pressure is increasing. The demand shows structural differentiation. The main contract 2509 may have a small rebound after the festival. It is recommended to wait and see before the festival, and take a short - selling strategy on rallies after the festival if there is a small rebound and no obvious improvement in the fundamentals. The option strategy is to buy and expand the spread in the short - term [30][31]. Crude Oil Industry - The overnight oil price was weakly running, pressured by macro - pressure and supply - side easing expectations. If the consumption end fails to replenish stocks in May, the downward channel of the market may further open. It is recommended to wait and see before the festival. The volatility ranges are given as [59, 69] for WTI, [62, 72] for Brent, and [460, 520] for SC. The option strategy is to focus on increasing volatility [49]. Summary by Relevant Catalogs Polyolefin Industry PE and PP Prices and Spreads - L2505, L2509, PP2505, PP2509 closing prices decreased on April 29 compared with April 28, with the largest decline of - 0.59% for L2509. The spreads between different contracts and the basis also changed, such as the spread of L2505 - 2509 increased by 5.82% [1]. PE and PP Non - standard Prices - The price of East China LDPE increased by 1.09% to 9250 yuan/ton, while the prices of other non - standard products such as East China HD film and PP injection showed different degrees of change [2]. PE and PP Upstream and Downstream Operating Rates and Inventories - PE device operating rate decreased slightly by 0.07% to 83.8%, and the downstream weighted operating rate increased slightly by 0.02% to 40.2%. PE enterprise inventory increased by 3.41% to 49.7 million tons, and social inventory decreased by 2.52% to 60.1 million tons. PP device operating rate decreased by 3.3% to 75.5%, and the downstream weighted operating rate decreased by 0.4% to 50.1%. PP enterprise inventory decreased by 2.37% to 60.4 million tons [2][3]. Styrene Industry Styrene Upstream - Brent crude oil (June) and CFR Japan naphtha prices decreased on April 29 compared with April 28, with decreases of - 2.4% and - 1.0% respectively. The prices of other upstream products such as CFR Northeast Asia ethylene and CFR Korea benzene also changed [8]. Styrene Spot and Futures - The East China spot price of styrene decreased by - 0.2% to 7250 yuan/ton on April 29 compared with April 28. The prices of EB2505 and EB2506 also decreased slightly [9]. Styrene Overseas Quotes and Import Profits - The overseas quotes of styrene remained unchanged on April 29 compared with April 28, and the import profit was - 243 yuan/ton [10]. Styrene Industry Chain Operating Rates and Profits - The domestic comprehensive operating rate of pure benzene increased by 1.1% to 71.1%, and the styrene operating rate increased by 1.7% to 67.9%. However, the operating rates of PS, EPS, and ABS decreased. The profits of styrene integration and non - integration decreased significantly, while the profit of PS increased by 133.3% [11]. Polyester Industry Downstream Polyester Product Prices and Cash Flows - The prices of downstream polyester products such as POY150/48, FDY150/96, and polyester bottle chips showed different degrees of change on April 29 compared with April 28. The cash flows of some products also changed, such as the cash flow of POY150/48 decreased by - 35.6% [16]. PX - related Prices and Spreads - The prices of PX - related products such as CFR China PX and PX spot price (RMB) decreased slightly on April 29 compared with April 28, and the spreads also changed [16]. PTA - related Prices and Spreads - The PTA East China spot price decreased by - 1.0% to 4540 yuan/ton on April 29 compared with April 28. The prices of TA futures also changed, and the basis and spreads between different contracts also showed corresponding changes [16]. MEG - related Prices and Spreads - MEG port inventory increased by 3.2% to 800,000 tons, and the expected arrival decreased by 37.8% to 122,000 tons on April 21 compared with April 28. The prices of MEG futures and the basis also changed [16]. Polyester Industry Chain Operating Rate Changes - The operating rates of different links in the polyester industry chain such as Asian PX, PTA, and MEG showed different degrees of change on April 25 compared with April 18 [16]. PVC and Caustic Soda Industry PVC and Caustic Soda Spot and Futures - The prices of Shandong 32% liquid caustic soda and East China ethylene - based PVC remained unchanged on April 29 compared with April 28, while the prices of other products such as Shandong 50% liquid caustic soda and PVC futures contracts changed [20]. Caustic Soda Overseas Quotes and Export Profits - The FOB East China port price of caustic soda decreased by 7.0% to 400 US dollars/ton on April 24 compared with April 17, and the export profit decreased significantly by - 125.8% [20]. PVC Overseas Quotes and Export Profits - The overseas quotes of PVC remained unchanged on April 24 compared with April 17, and the export profit increased by 90.5% [21]. Supply: Chlor - alkali Operating Rates and Industry Profits - The operating rates of caustic soda and PVC increased slightly on April 25 compared with April 18. The profit of external - purchase calcium - carbide - based PVC remained unchanged, while the profit of Northwest integration decreased by 6.8% [22]. Demand: Caustic Soda Downstream Operating Rates - The operating rates of caustic soda downstream industries such as alumina and viscose staple fiber decreased on April 25 compared with April 18 [23]. Demand: PVC Downstream Products Operating Rates - The operating rates of PVC downstream products such as Longzhong sample pipes increased slightly on April 25 compared with April 18, and the pre - sales volume also increased [24]. Chlor - alkali Inventories: Social and Factory Inventories - The liquid caustic soda inventory in East China factories decreased by 1.1% to 183,000 tons on April 24 compared with April 17, and the PVC total social inventory decreased by 4.7% to 421,000 tons [24]. Urea Industry Urea Futures Contracts - The prices of urea futures contracts such as 01, 05, and 09 decreased on April 29 compared with April 28, and the spreads between different contracts also changed [26]. Urea Upstream Raw Materials - The prices of upstream raw materials such as anthracite small pieces and steam coal remained unchanged on April 29 compared with April 28, while the price of synthetic ammonia decreased by 3.21% [26]. Urea Spot Market Prices - The prices of urea in different regions such as Shandong and Henan showed different degrees of change on April 29 compared with April 28, and the spreads between different regions also changed [26]. Urea Downstream Products - The prices of urea downstream products such as melamine and compound fertilizers remained unchanged on April 29 compared with April 28, and the ratio of compound fertilizer to urea decreased by 1.10% [28]. Fertilizer Market - The prices of fertilizers such as ammonium sulfate and phosphoric acid mono - ammonium showed different degrees of change on April 29 compared with April 28 [29]. Urea Supply and Demand Overview - The daily and weekly production of urea remained unchanged, and the factory inventory remained stable. The port inventory increased slightly. The demand showed structural differentiation, with industrial demand maintaining rigid procurement and agricultural fertilization not yet started [30]. Crude Oil Industry Crude Oil Prices and Spreads - Brent, WTI, and SC crude oil prices decreased on April 30 compared with April 29. The spreads between different contracts and regions also changed, such as the spread of Brent M1 - M3 increased significantly by - 2050.00% [49]. Refined Oil Prices and Spreads - The prices of refined oil products such as NYM RBOB and ICE Gasoil changed on April 30 compared with April 29, and the spreads between different contracts also showed corresponding changes [49]. Refined Oil Crack Spreads - The crack spreads of refined oil products in different regions such as the US and Europe showed different degrees of change on April 30 compared with April 29 [49].

Group 1: Core Viewpoints - The high - sulfur cracking spread began to decline this week, the 380 - month spread fluctuated at a high level, and the 380 basis weakened. The low - sulfur cracking spread, month spread, and basis all fluctuated. In terms of fundamentals, on - land inventories in Singapore and ARA continued to accumulate, while US residual oil inventories decreased. Singapore's high - sulfur floating storage increased significantly, the Middle East's high - sulfur floating storage fluctuated, and low - sulfur floating storage decreased. European floating storage increased significantly. In 2025, pay attention to the impact of sanctions on Iran on global heavy - quality valuations. In the Asian region, focus on whether Russian supply will return to the benchmark. The far - month 380 has downside potential. Recently, global and Singapore residual oil inventories have been increasing, so the near - month 380 is expected to face continued pressure. The low - sulfur market remains in a volatile pattern [3][8] Group 2: Rotterdam Fuel Oil Swap Data 3.5% HSF Swap M1 - On April 16, 2025, the price was 397.83. On April 17, it was 408.43, with a change of 10.57 [1] 0.5% VLSFO Swap M1 - On April 16, 2025, the price was 430.85. On April 17, it was 441.13, with a change of 8.40 [1] HSFO - Brent M1 - On April 16, 2025, the value was - 2.30. On April 17, it was - 2.30, with a change of 0.34 [1] 10ppm Gasoil Swap M1 - On April 16, 2025, the price was 595.85. On April 17, it was 607.75, with a change of 10.40 [1] VLSFO - Gasoil M1 - On April 16, 2025, the value was - 165.00. On April 17, it was - 166.62, with a change of - 2.00 [1] LGO - Brent M1 - On April 16, 2025, the value was 16.43. On April 17, it was 15.93, with a change of 0.19 [1] VLSFO - HSFO M1 - On April 16, 2025, the value was 33.02. On April 17, it was 32.70, with a change of - 2.17 [1] Group 3: Singapore Fuel Oil Swap Data 380cst M1 - On April 16, 2025, the price was 413.13. On April 22, it was 423.34, with a change of 3.36 [1] 180cst M1 - On April 16, 2025, the price was 425.63. On April 22, it was 437.60, with a change of 3.81 [1] VLSFO M1 - On April 16, 2025, the price was 462.42. On April 22, it was 476.78, with a change of 3.74 [1] Gasoil M1 - On April 16, 2025, the price was 80.00. On April 22, it was 81.42, with a change of 0.20 [1] 380cst - Brent M1 - On April 16, 2025, the value was 0.96. On April 22, it was 0.55, with a change of 0.24 [1] VLSFO - Gasoil M1 - On April 16, 2025, the value was - 129.58. On April 22, it was - 125.73, with a change of 2.26 [1] Group 4: Singapore Fuel Oil Spot Data FOB 380cst - On April 16, 2025, the price was 416.99. On April 22, it was 422.28, with a change of 5.61 [2] FOB VLSFO - On April 16, 2025, the price was 470.33. On April 22, it was 481.09, with a change of 3.35 [2] 380 Basis - On April 16, 2025, the value was - 0.55. On April 22, it was - 1.35, with a change of 2.70 [2] High - Sulfur Domestic - Foreign Spread - On April 16, 2025, the value was 7.3. On April 22, it was 6.9, with a change of - 0.7 [2] Low - Sulfur Domestic - Foreign Spread - On April 16, 2025, the value was 4.1. On April 22, it was 5.1, with a change of 1.1 [2] Group 5: Domestic FU Data FU 01 - On April 16, 2025, the price was 2637. On April 22, it was 2734, with a change of - 13 [2] FU 05 - On April 16, 2025, the price was 3016. On April 22, it was 3035, with a change of - 13 [2] FU 09 - On April 16, 2025, the price was 2758. On April 22, it was 2863, with a change of - 1 [2] FU 01 - 05 - On April 16, 2025, the value was - 379. On April 22, it was - 301, with a change of 0 [2] FU 05 - 09 - On April 16, 2025, the value was 258. On April 22, it was 172, with a change of - 12 [2] FU 09 - 01 - On April 16, 2025, the value was 121. On April 22, it was 129, with a change of 12 [2] Group 6: Domestic LU Data LU 01 - On April 16, 2025, the price was 3262. On April 22, it was 3352, with a change of 10 [3] LU 05 - On April 16, 2025, the price was 3350. On April 22, it was 3478, with a change of 33 [3] LU 09 - On April 16, 2025, the price was 3274. On April 22, it was 3387, with a change of 13 [3] LU 01 - 05 - On April 16, 2025, the value was - 88. On April 22, it was - 126, with a change of - 23 [3] LU 05 - 09 - On April 16, 2025, the value was 76. On April 22, it was 91, with a change of 20 [3] LU 09 - 01 - On April 16, 2025, the value was 12. On April 22, it was 35, with a change of 3 [3]