ResearchIndustry Insights2026-09-04
East China Tank Utilization at 89.2%; Fuel Oil Demurrage Surges 17%
Fuel oil tank utilization at major East China bonded terminals reached 89.2%, a YTD high; front-month futures rose 0.93% to ¥3,900/t, while demurrage fees spiked 17% to $32,500/day. Asphalt loading wait times at East China refineries extended to 42 hours on average, straining regional logistics economics.