Fuel oil futures rose 2.54% to ¥4,476/t; asphalt up 1.53% to ¥5,294/t; East China port tank utilization >92%, demurrage surges to ¥3,650/day (+18% w/w); economic haul distance for regional arbitrage contracts to <300 km.

Tank utilization at major East China ports hits 91.4%, a YTD high, driven by accelerated turnover of fuel oil and asphalt inventories; demurrage fees surge 18% day-on-day amid USD/CNY rising to 6.7117. Fuel oil futures up 4.70% to ¥4,119/t, signaling deteriorating regional logistics economics.

As of Sep 2, 2026, average tank utilization at major East China bonded oil terminals reached 92.3%, a YTD high; fuel oil futures surged 4.46% to ¥3,979/t, signaling rapid release of storage premium; Shanghai port fuel oil vessel demurrage rose to $18,500/day (+22.5% w/w), sharply compressing regional arbitrage economics.