Fuel oil front-month surged 2.15% to CNY 5419/t — its largest daily gain this month. Low-sulfur stocks in Singapore hit a 3-year low, and winter power-generation stockpiling has narrowed import arbitrage windows.

Fuel oil front-month at CNY 5,485/t gains 3.39%, beating bitumen; FO-BIT spread flips to +CNY 406/t as residue yield shifts to bonded VLSFO bunker.

Shanghai fuel oil held at ¥5,295/t as bonded VLSFO bunkering demand stayed steady and Zhoushan chased transshipment tonnage. Methanol and LNG are moving into bonded bunkering, intensifying multi-fuel competition against HSFO and reshuffling bonded versus domestic heavy-oil balances.