Core Insights - The Shanghai Futures Exchange released data on energy and chemical warehouse receipts on October 27, indicating stable inventory levels for certain commodities while showing fluctuations in others [1] Group 1: Warehouse Receipts Data - Medium sulfur crude oil futures warehouse receipts stood at 5,211,000 barrels, remaining unchanged month-on-month [1] - Low sulfur fuel oil futures warehouse receipts totaled 4,960 tons, also unchanged from the previous month [1] - Fuel oil futures warehouse receipts increased by 8,000 tons to reach 37,890 tons [1] - Petroleum asphalt futures warehouse receipts decreased by 2,500 tons to 9,920 tons [1] - Petroleum asphalt futures factory warehouse receipts increased by 3,000 tons to 3,000 tons [1] - Pulp futures warehouse receipts reached 220,003 tons, with a slight increase of 1 ton [1] - Pulp futures factory warehouse receipts remained stable at 6,000 tons [1]

Core Insights - The Shanghai Futures Exchange released data on energy and chemical warehouse receipts on October 24, indicating stable inventory levels for several commodities [1] Group 1: Oil and Fuel Inventory - Medium sulfur crude oil futures warehouse receipts totaled 5,211,000 barrels, remaining unchanged month-on-month [1] - Low sulfur fuel oil futures warehouse receipts stood at 4,960 tons, also unchanged from the previous month [1] - Fuel oil futures warehouse receipts decreased by 1,500 tons to 29,890 tons [1] - Asphalt futures warehouse receipts remained stable at 12,420 tons [1] Group 2: Pulp Inventory - Pulp futures warehouse receipts were reported at 220,002 tons, with no change from the previous month [1] - Pulp futures factory warehouse receipts totaled 6,000 tons, remaining unchanged [1]

Core Insights - The Shanghai Futures Exchange released energy and chemical warehouse receipt data on October 22, indicating stable inventory levels for various commodities [1] Group 1: Crude Oil and Fuel Oil - Medium sulfur crude oil futures warehouse receipts totaled 5,211,000 barrels, remaining unchanged from the previous period [1] - Low sulfur fuel oil futures warehouse receipts stood at 4,960 tons, also unchanged [1] - Fuel oil futures warehouse receipts were recorded at 31,390 tons, with no change [1] - Petroleum asphalt futures warehouse receipts amounted to 13,040 tons, maintaining the same level [1] Group 2: Pulp Futures - Pulp futures warehouse receipts decreased by 141 tons, totaling 220,269 tons [1] - Pulp futures factory warehouse receipts remained stable at 6,000 tons [1]

Core Viewpoint - The Shanghai Futures Exchange released data on energy and chemical warehouse receipts, indicating that multiple commodity categories remained stable compared to the previous period [1] Group 1: Warehouse Receipts Data - Medium sulfur crude oil futures warehouse receipts totaled 5,211,000 barrels, unchanged from the previous period [1] - Low sulfur fuel oil futures warehouse receipts stood at 4,960 tons, also unchanged from the previous period [1] - Fuel oil futures warehouse receipts were at 31,390 tons, remaining stable compared to the last report [1] - Petroleum asphalt futures warehouse receipts reached 13,040 tons, with no change from the previous period [1] - Pulp futures warehouse receipts amounted to 220,410 tons, consistent with the previous period [1] - Pulp futures factory warehouse receipts were 6,000 tons, unchanged from the last report [1]

Core Viewpoint - The domestic futures market for crude oil-related products experienced a decline across the board on September 22, with liquefied petroleum gas (LPG) leading the drop at over 2% [1]. Group 1: Price Movements - As of September 22, the main crude oil futures fell by 1.65%, settling at 483.10 yuan per barrel [1]. - Fuel oil futures decreased by 1.24%, priced at 2783.00 yuan per ton [1]. - Low-sulfur fuel oil futures saw a decline of 0.65%, with a price of 3383.00 yuan per ton [1]. - Liquefied petroleum gas futures dropped by 2.59%, now at 4255.00 yuan per ton [1]. - The opening prices for various contracts on September 22 included SC crude oil at 485.20 yuan, fuel oil at 2793.00 yuan, and LPG at 4359.00 yuan [2]. Group 2: Warehouse Data - As of September 19, the warehouse data indicated that the futures warehouse receipts for medium-sulfur crude oil remained unchanged at 5,401,000 barrels [3]. - Fuel oil futures warehouse receipts were stable at 127,140 tons [3]. - The warehouse receipts for asphalt futures decreased by 1,330 tons, totaling 40,440 tons [3]. - LPG futures warehouse receipts remained steady at 12,974 contracts [3]. - Low-sulfur fuel oil warehouse receipts were unchanged at 10,020 tons [3]. Group 3: Basis Data - The basis data as of September 19 showed a phenomenon of "backwardation" for fuel oil, asphalt, LPG, and low-sulfur fuel oil, where spot prices exceeded futures prices [3]. - The basis for fuel oil was calculated at 2,632 yuan, with a basis rate of 48.29% [3]. - The basis for asphalt was 205 yuan, with a basis rate of 5.65% [3]. - The basis for LPG was 234 yuan, with a basis rate of 5.08% [3]. - The basis for low-sulfur fuel oil was 144 yuan, with a basis rate of 4.07% [3].

Core Viewpoint - The Shanghai Futures Exchange released data on energy and chemical warehouse receipts, indicating stable inventory levels across various commodities [1] Group 1: Oil and Fuel Inventory - Medium sulfur crude oil futures warehouse receipts totaled 5,721,000 barrels, unchanged from the previous period [1] - Low sulfur fuel oil futures warehouse receipts stood at 35,110 tons, also unchanged [1] - Fuel oil futures warehouse receipts were recorded at 119,580 tons, remaining stable [1] - Petroleum asphalt futures warehouse receipts amounted to 29,790 tons, with no change [1] - Petroleum asphalt futures factory warehouse receipts reached 41,710 tons, consistent with previous data [1] Group 2: Pulp Inventory - Pulp futures warehouse receipts decreased by 656 tons, totaling 231,068 tons [1] - Pulp futures factory warehouse receipts remained steady at 18,240 tons [1]