Core Viewpoint - The domestic futures market for oil-related products experienced a decline, with liquefied petroleum gas and crude oil dropping over 1% on July 16, 2023 [1]. Group 1: Price Movements - As of July 16, liquefied petroleum gas futures fell by 1.37% to 4103.00 CNY/ton, while crude oil futures decreased by 1.28% to 515.50 CNY/barrel [1]. - Fuel oil futures saw a slight increase of 0.28%, reaching 2875.00 CNY/ton, whereas asphalt futures dropped by 0.22% to 3623.00 CNY/ton [1]. - The opening and closing prices for various contracts on July 16 were reported, with SC crude oil opening at 520.20 CNY and closing at 522.20 CNY [2]. Group 2: Inventory Data - As of July 15, the inventory data showed that the number of medium-sulfur crude oil futures contracts remained stable at 4,517,000 barrels, with no change from the previous trading day [3]. - Fuel oil futures inventory was reported at 91,640 tons, and asphalt futures inventory was stable at 39,350 tons in factory warehouses and 42,950 tons in storage [3]. - Liquefied petroleum gas futures inventory stood at 8,304 contracts, while low-sulfur fuel oil inventory was at 90 tons, both unchanged from the previous day [3]. Group 3: Basis Data - The basis data indicated a phenomenon of "backwardation" for fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil, where spot prices exceeded futures prices [3]. - The basis and basis rates for various commodities were detailed, with fuel oil showing a basis of 2,520 CNY and a basis rate of 46.77% [3].

Core Viewpoint - The domestic futures market for crude oil and related products showed a significant upward trend on June 10, with the main crude oil futures rising nearly 2% [1] Group 1: Price Movements - As of June 10, the main crude oil futures increased by 1.69%, reaching 481.80 yuan per barrel [1] - Fuel oil futures rose by 1.33%, priced at 2980.00 yuan per ton [1] - Low-sulfur fuel oil futures saw a 1.02% increase, now at 3573.00 yuan per ton [1] - Liquefied petroleum gas futures increased by 0.58%, priced at 4129.00 yuan per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 478.20 yuan, with a previous close of 474.30 yuan and a last settlement price of 473.80 yuan [2] - Fuel oil opened at 2955.00 yuan, with a previous close of 2927.00 yuan and a last settlement price of 2941.00 yuan [2] - Asphalt futures opened at 3500.00 yuan, with a previous close of 3488.00 yuan and a last settlement price of 3511.00 yuan [2] - Liquefied petroleum gas opened at 4128.00 yuan, with a previous close of 4116.00 yuan and a last settlement price of 4105.00 yuan [2] - Low-sulfur fuel oil opened at 3537.00 yuan, with a previous close of 3514.00 yuan and a last settlement price of 3537.00 yuan [2] Group 3: Warehouse Data - As of June 9, the warehouse receipts for medium-sulfur crude oil futures stood at 4,029,000 barrels, unchanged from the previous trading day [3] - Fuel oil futures warehouse receipts were at 28,950 tons, also unchanged [3] - Asphalt futures warehouse receipts were at 36,350 tons, remaining stable [3] - Liquefied petroleum gas futures warehouse receipts totaled 9,340 hands, unchanged [3] - Low-sulfur fuel oil warehouse receipts were at 1,000 tons, consistent with the previous day [3] Group 4: Basis Data - The basis data indicates a phenomenon of 'backwardation' for fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil, where spot prices exceed futures prices [3] - For fuel oil, the spot price was 5,275 yuan, with a futures price of 2,509 yuan, resulting in a basis of 2,394 yuan and a basis rate of 45.38% [3] - For asphalt, the spot price was 3,630 yuan, with a futures price of 2,509 yuan, leading to a basis of 119 yuan and a basis rate of 3.28% [3] - For liquefied petroleum gas, the spot price was 4,782.5 yuan, with a futures price of 2,507 yuan, resulting in a basis of 677 yuan and a basis rate of 14.16% [3] - For low-sulfur fuel oil, the spot price was 3,597 yuan, with a futures price of 2,508 yuan, leading to a basis of 83 yuan and a basis rate of 2.31% [3]

Group 1 - The core viewpoint of the news is that the domestic futures market for oil-related products shows mixed performance, with fuel oil leading the gains at nearly 2% increase [1] - As of May 21, the main fuel oil futures rose by 1.91% to 3093.00 CNY/ton, while crude oil futures increased by 1.57% to 471.90 CNY/barrel [1] - Other products such as asphalt and liquefied petroleum gas showed minor changes, with asphalt up by 0.63% to 3539.00 CNY/ton and liquefied petroleum gas down by 0.05% to 4242.00 CNY/ton [1] Group 2 - On May 21, the opening and closing prices for various oil futures contracts were reported, with SC crude oil opening at 464.60 CNY and closing at 464.60 CNY, while fuel oil opened at 3035.00 CNY and closed at 3035.00 CNY [2] - The inventory data as of May 20 indicates that the medium-sulfur crude oil futures warehouse receipts remained stable at 4,029,000 barrels, while fuel oil futures warehouse receipts also held steady at 28,950 tons [3] - The report highlights a phenomenon of "backwardation" in the market, where spot prices exceed futures prices for fuel oil, asphalt, and liquefied petroleum gas, indicating potential market dynamics [3]

Core Viewpoint - The domestic futures market for crude oil shows a significant decline, with the main crude oil futures dropping over 3% on April 30, indicating a bearish trend in the market [1]. Group 1: Price Movements - As of April 30, the main crude oil futures fell by 3.50%, settling at 471.00 yuan per barrel [1]. - Fuel oil futures decreased by 1.88%, priced at 2925.00 yuan per ton [1]. - Low-sulfur fuel oil futures dropped by 2.75%, reaching 3391.00 yuan per ton [1]. - Liquefied petroleum gas futures saw a slight increase of 0.55%, priced at 4407.00 yuan per ton [1]. - The opening prices for various contracts on April 30 included SC crude oil at 480.10 yuan, fuel oil at 2945.00 yuan, and liquefied petroleum gas at 4389.00 yuan [2]. Group 2: Inventory Data - As of April 29, the inventory data showed that the medium-sulfur crude oil futures warehouse held 4,644,000 barrels, remaining stable compared to the previous trading day [3]. - Fuel oil futures inventory increased by 4,950 tons, totaling 51,120 tons [3]. - The inventory for asphalt futures remained unchanged at 34,070 tons [3]. - Liquefied petroleum gas futures inventory was stable at 7,757 hands [3]. - Low-sulfur fuel oil futures inventory also remained unchanged at 42,250 tons [3]. Group 3: Basis Data - The basis data indicated that fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil contracts experienced a 'backwardation' phenomenon, where spot prices exceeded futures prices [3]. - The basis for fuel oil was calculated at 2,481 yuan, with a basis rate of 45.42% [3]. - The basis for asphalt was 209 yuan, with a basis rate of 5.73% [3]. - The basis for liquefied petroleum gas was 584 yuan, with a basis rate of 11.76% [3]. - The basis for low-sulfur fuel oil was 131 yuan, with a basis rate of 3.66% [3].

Group 1 - The core viewpoint of the news indicates a decline in the main crude oil futures, with a drop of nearly 2% in the market, while asphalt futures showed a slight increase [1] - As of April 29, the main crude oil futures price was reported at 485.50 yuan per barrel, down 1.76% from the previous day [1] - The fuel oil futures decreased by 1.33%, settling at 2967.00 yuan per ton, while low-sulfur fuel oil futures fell by 0.66% to 3463.00 yuan per ton [1] Group 2 - The opening prices for various contracts on April 29 were as follows: SC crude oil at 495.70 yuan, fuel oil at 3015.00 yuan, and asphalt at 3449.00 yuan [2] - The previous closing prices for these contracts were 498.00 yuan for SC crude oil, 3026.00 yuan for fuel oil, and 3451.00 yuan for asphalt [2] - The liquid petroleum gas contract opened at 4407.00 yuan, with a previous closing price of 4409.00 yuan [2] Group 3 - As of April 28, the commodity warehouse receipts showed that the medium-sulfur crude oil futures remained stable at 4,644,000 barrels, while fuel oil futures also held steady at 46,170 tons [3] - The warehouse receipts for low-sulfur fuel oil increased by 31,000 tons, reaching a total of 42,250 tons [3] - The data indicated a phenomenon of "backwardation" in the market, where the spot prices exceeded the futures prices for fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil [3]

Group 1 - The domestic futures market for crude oil-related products shows mixed performance, with low-sulfur fuel oil leading the gains, up nearly 2% [1] - As of April 25, low-sulfur fuel oil futures rose by 1.81% to 3485.00 CNY/ton, while crude oil futures increased by 1.51% to 497.90 CNY/barrel [1] - Other products such as asphalt and liquefied petroleum gas experienced slight increases and decreases, with asphalt up 1.12% to 3416.00 CNY/ton and liquefied petroleum gas down 0.43% to 4414.00 CNY/ton [1] Group 2 - On April 25, the opening and closing prices for various crude oil-related futures were reported, with SC crude oil opening at 493.60 CNY and closing at 490.50 CNY [2] - The futures prices for low-sulfur fuel oil opened at 3453.00 CNY and closed at 3423.00 CNY, indicating a slight fluctuation [2] - The trading data reflects stable positions in the futures market, with no significant changes in warehouse receipts for medium-sulfur crude oil and low-sulfur fuel oil [3] Group 3 - As of April 24, the warehouse receipts for medium-sulfur crude oil stood at 4,644,000 barrels, while fuel oil and low-sulfur fuel oil remained unchanged at 46,170 tons and 11,250 tons respectively [3] - The market is experiencing a phenomenon of "backwardation," where spot prices exceed futures prices for several products, including fuel oil and liquefied petroleum gas [3] - The basis for fuel oil was reported at 2,490 CNY, indicating a basis rate of 45.38%, while low-sulfur fuel oil had a basis of 156 CNY with a basis rate of 4.32% [3]