Fuel oil front-month rose 2.83% to CNY 5,386/t—the strongest in the energy complex. Singapore fuel oil crack spread widened to USD 12.3/bbl, and with slight CNY depreciation, Asian arbitrage opportunities re-emerged, boosting importers’ restocking appetite.

Fuel oil front-month settled at ¥5,274/ton (+0.69%); Singapore–East China LSFO spread narrowed to $12.3/ton, and with stable CNY (USD/CNY=6.6695), theoretical import arbitrage turned positive this week — aiding optimization of bonded marine fuel procurement timing.

WTI gained 4.04% against Brent's 3.17%, pulling the transatlantic spread back to $8.61. US Gulf export discounts and ESPO/Lula delivered costs into China shift, forcing a repricing of transshipment hedges.