Group 1 - The domestic energy chemical market showed mixed performance on August 22, with fuel oil futures experiencing fluctuations, opening at 2723.00 CNY/ton and reaching a high of 2808.00 CNY before closing with a gain of 2.10% [1] - The low-sulfur fuel oil market is under pressure due to ample supply and competitive pricing, leading to a decline in spot premiums to a four-month low, while high-sulfur fuel oil is supported by stable downstream demand despite concerns over seasonal demand decline [1] - New Singapore region inventories are expected to accumulate significantly in August due to the arrival of Western arbitrage cargoes, with more low-sulfur blending components anticipated to flow into the Asian market from the Suez region [1] Group 2 - The international crude oil market is experiencing a range-bound movement this week, with supply and demand dynamics providing some support, while the domestic heavy oil market stabilizes after recent gains, with cautious trading sentiment [2] - The trading range for fuel oil futures is noted to be between 2730-2780 CNY for FU2510 and 3430-3480 CNY for LU2511, indicating a cautious approach from market participants [2]

7月25日，国内期市能化板块多数飘红。其中，燃料油期货主力合约开盘报2880.00元/吨，今日盘中高 位震荡运行；截至发稿，燃料油主力最高触及2925.00元，下方探低2867.00元，涨幅达1.82%附近。 目前来看，燃料油行情呈现震荡上行走势，盘面表现偏强。对于燃料油后市行情将如何运行，相关机构 观点汇总如下： 一德期货指出，近期高、低硫燃料油表现相对弱势。具体来看：低硫方面，虽然近几周欧洲至新加坡的 套利窗口关闭，但来自南美尤其是巴西地区的低硫船货持续流入。而目前市场对新加坡的低硫燃料油需 求预期趋于平淡。高硫方面，虽然目前正处于南亚和中东地区夏季发电需求的高峰，但今年季节性发电 需求迄今未对市场形成实质性支撑，季风降雨已开始缓解夏季高温，中东高硫燃料油供应依然充足，新 加坡现货贴水跌至两年多来最低水平。此外，近期上期所期货库存大幅增加，也加剧了高硫燃料油的价 格弱势。不过高硫燃料油需求仍有一定支撑。一是安装脱硫塔船舶的数量仍在稳定增长，二是山东省提 高了地方炼厂进口 新湖期货分析称，受制裁影响，俄罗斯炼厂的设备交付延迟，这导致炼厂检修时间延长，7月上旬俄罗 斯燃料油出口下降，但发往亚洲的货量增加。特朗 ...