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.

N150 base oil–WTI spread widens to CNY 820/t (+12.3%), the widest in 6 months; fuel oil futures surge 2.54% to CNY 4,476/t, lifting blending costs amid refinery turnarounds. SNSUC data shows N150 spot premium at Shanghai FTZ bonded warehouses up to +CNY 180/t — import arbitrage is now economically viable.

On Sep 15, fuel oil front-month contract closed at ¥4,476/ton (+2.54%), the largest daily gain in three weeks, signaling tightening low-sulfur supply in East China and narrowing procurement windows.

On Sep 15, Brent crude rose to USD 105.91/bbl (+0.22%), WTI to USD 102.22/bbl (+0.82%). Fuel oil front-month contract surged to CNY 4476/t (+2.54%), the highest in three weeks.

Front-month fuel oil at CNY 4,386/t (+2.19%) and bitumen at CNY 5,217/t (+0.58%) leave the spread inverted at -CNY 831/t. Bitumen stays at a premium, so refiners keep bitumen yield high while fuel oil supply tightens.

Fuel oil front-month contract closed at ¥4,428/t, up 3.17%—the week’s highest gain; with USD/CNY rising to 6.7094 (+0.18%), RMB-denominated import cost pressure intensified. Procurement windows for coastal power plants and marine fuel are narrowing.

Brent Crude rose to USD 106.763/bbl (+2.06%) on Sept 14, while WTI hit USD 102.188/bbl (+2.14%), the highest in three months. Fuel oil front-month contract gained 1.96% to CNY 4,376/t.

Effective Sept 14, SNSUC’s next-gen digital warehouse receipt system enables real-time blockchain-based title verification and multi-node cargo inspection for fuel oil—cutting average delivery cycle to 3.2 working days, a 41% improvement over legacy processes.

Fuel oil futures rose 0.35% to ¥4,307/t—the sole gain among listed energy commodities; tight low-sulfur supply and seasonal power demand support near-term resilience.

Front-month fuel oil closed at CNY 4,307/t (+0.35%), the only energy commodity rising this week. Low-sulfur supply tightness in East China (inventory down 2.3% w/w) and peak-season bunker demand support near-term strength.

SNSUC’s AI-powered fuel oil sulphur content prediction model—developed with the Shanghai Advanced Research Institute of CAS—entered live trading validation on Sep 13. Trained on 5 years of global marine fuel test data and LNG blending parameters, it achieves <0.015wt% prediction error, accelerating compliance workflows.

Despite broad crude declines, fuel oil front month rose 0.35% to CNY 4,307/t, driven by tightening low-sulfur supply in Asia and Q3 refinery maintenance, lifting short-term high-sulfur substitution demand.

Fuel oil front-month contract rose 0.35% to CNY 4,307/t — the only energy commodity up today. Falling Singapore low-sulfur bunker stocks and approaching peak shipping season underpinned the gain.

Fuel oil front month contract prices rose 0.35% to 4307.0 CNY/t, indicating ongoing market focus on energy demand.

Brent up 0.70% to $108.38/bbl, WTI +0.70%; USD/CNY rose 0.27% to 6.7161 — a 3-week high; EUR/USD dipped to 1.1613, USD/JPY climbed to 154.53 — signaling tightening USD liquidity and elevated geopolitical risk premium.

Fuel oil front-month contract closed at CNY 4,248/t, up 3.58%—the highest level in six weeks; with USD/CNY rising to 6.7151 (+0.26%), RMB-denominated import cost pressure intensified.

Fuel oil futures rose 4.58% to 4,289 CNY/t, showing active market trading.

Fuel oil prices surged 3.83% to 4258 CNY/t, with active trading in the market.

Fuel oil front month contract rose 3.58% to 4248 CNY/ton today, indicating improved supply-demand balance.

Fuel oil front-month contract closed at ¥4,119/t, up 4.70%—its highest daily gain in two months; with USD/CNY edging up to 6.7106, RMB-denominated import costs rose further.

The main contract price for fuel oil rose to 4049.0 CNY/t, up 2.92% in a single day. This was mainly driven by shipping season demand and inventory reduction.

The front month contract of Fuel Oil rose 2.8% to 4044 CNY/t today. The domestic Fuel Oil market showed strong performance due to rising international oil prices.

Fuel oil prices surged strongly today, with the main contract reaching 4119 CNY/t, up 4.7% from yesterday, reflecting tight supply conditions.

Fuel Oil was quoted at 3999 CNY/t, with the front month contract rising 2.72% on the day, showing optimistic market sentiment.

The front month contract of fuel oil priced at 3960 CNY/t today, rising for the third consecutive day with a gain of 1.72%.

Fuel oil price increased slightly to 3895 CNY/t, with the front month contract remaining stable. Market trading activity is moderate.

Fuel oil fell 2.04% on 6 September while bitumen held; by the 8th fuel oil rose 4.97% to RMB 3,988/t and bitumen 4.38% to RMB 5,002/t, both at new highs. Across three sessions the two curves moved from divergence to resonance, indicating the 6th was a sentiment-driven pullback and heavy-product demand has repaired.

Fuel oil futures closed at ¥3,877/ton (+2.05%)—the largest daily gain since August—as Singapore LSFO stocks fell to 21.4 million barrels and Middle East power demand rises seasonally; importers should align vessel schedules with bonded warehouse capacity.

Main contracts for Fuel Oil and Bitumen both rose 3.71% and 3.76%, indicating continued recovery in industrial demand.

The front-month fuel oil contract climbed to 3877 CNY/t, reflecting sustained industrial demand growth.

Fuel oil front-month contract closed at 3988 CNY/t, surging 4.97% on the day, mainly influenced by supply and demand dynamics.

The front month contract for Fuel Oil was quoted at 3880 CNY/t, up 0.21% compared to the previous trading day. Market attention is focused on supply-side developments.

On 6 September Brent settled at $95.93/bbl, up 0.43%, while the fuel oil front-month contract fell 2.04% to RMB 3,793/t, its largest single-day drop of the week. Feedstock up, product down: the crack spread compressed from both ends, a direct read on softening bunker demand.

Fuel oil front-month contract fell 2.04% to ¥3,793/ton—the steepest daily drop this week; weakness persisted despite rising Brent crude, signaling softer shipping demand outlook and potentially extending inventory replenishment windows for bonded marine fuel buyers in South China.

Fuel oil front-month at ¥3,793/t, -2.04%, the steepest daily drop this week. Weakening on its own while Brent firms—a clear signal shipping demand is softening.

Fuel oil front-month contract fell 2.04% to ¥3,793/ton—the steepest daily decline this week—reflecting slower bunker replenishment and seasonal softening in Middle East power demand, widening importers’ negotiation leverage.

Fuel oil front-month contract closed at 3793 CNY/t, down 2.04% from the previous day. Market sentiment remains weak with subdued demand.

Fuel oil front month contract fell to 3793 CNY/t, down 2.04% from the previous session. Market sentiment remains cautious about downstream demand.

Fuel oil front-month contract closed at ¥3,900/t, up 0.93% — the strongest daily gain this week; combined with rising USD/CNY, FX conversion costs for importers increased; recommend monitoring hedging opportunities for September shipment windows.

The front month contract for Fuel Oil was quoted at 3841 CNY/t, down 0.60% from the previous trading day. Concerns over demand-side factors have affected the price trend.

Fuel Oil front month contract dropped to 3862 CNY/t, down 0.05%. Bitumen rose 0.50%, while Natural Rubber climbed 0.53%.

Fuel oil front-month contract prices climbed to 3900 CNY/t, up 0.93% from the previous trading day. Increased refinery operations have boosted demand.

Fuel oil front-month printed ¥3,929/t (-1.06%), a six-week low, while bitumen sat at ¥5,005/t (-0.87%), holding the bitumen–fuel oil spread at ¥1,076/t. With bunker demand shifting structurally from high- to low-sulphur and crude up a mere 0.12%, the pricing tension in fuel oil has moved from 'following crude' to 'bonded tank capacity and laycan rhythm'.

On Sep 3, Brent settled at $95.86/bbl (+0.14%) and WTI at $91.11/bbl (+0.14%), steadying after recent volatility. Downstream softened in tandem: fuel oil front-month at ¥3,929/t (-1.06%) and bitumen at ¥5,005/t (-0.87%); the bitumen–fuel oil spread narrowed to ¥1,076/t, down ¥70 from the Sep 1 high of ¥1,146, reflecting how accelerated quota release and faster documentation are compressing arb premiums.

Fuel oil front-month contract prices fell 3.98% to 3813 CNY/t, reflecting weak downstream demand and inventory pressure.

Fuel oil front-month contract closed at ¥3,929/t, down 1.06% — third consecutive decline; combined with modest Brent/WTI gains, cracking margins face pressure, suggesting opportunistic restocking for coastal power plants and bunkering users.

Fuel oil front-month contract price at 3813 CNY/t, down 3.98% from previous day, with weak demand dragging overall trend.

Fuel oil front-month contract closed at ¥4,001/t, up 5.04%—its largest daily gain this week; with USD/CNY rising 0.04%, landed cost pressure edged higher—buyers advised to monitor hedging opportunities for September shipments.

On Sep 1, bitumen futures stood at CNY 4,934/t and fuel oil at CNY 3,788/t, widening the spread to CNY 1,146/t — the highest since Jan 2026 (+5.1% w/w). Key drivers: East China asphalt plant utilization rose to 68.3%, while low-sulfur fuel oil export quotas tightened and Singapore’s ARA stockpiles fell 2.1%. We recommend immediate bitumen procurement to lock in refining margin window.

The main contract for Fuel Oil is quoted at 3786 CNY/t, up 1.28% from the previous day. The increase is mainly driven by support from international oil prices and improved demand.

In the 31 August morning session Brent held at $89.27/bbl (-0.01%) and WTI at $84.40/bbl (-0.02%), leaving crude broadly steady, yet downstream products diverged: fuel oil fell 0.54% to RMB 3,650/t while bitumen rose 0.30% to RMB 4,610/t, widening the spread to RMB 960/t. We unpack the tug-of-war between off-season bunker demand and peak road construction, and set out a staged price-locking approach.

This morning front-month fuel oil printed ¥3,650/t (-0.54%) against bitumen at ¥4,610/t (+0.30%), widening the spread to about ¥960/t; platform reference prices for base oil, paraffin wax and petroleum coke stand at ¥7,939, ¥7,983 and ¥2,383/t respectively. Qingdao is building a smart regulatory service platform for international vessel bunkering while deepening 'one ship, multiple suppliers' and cross-terminal bonded bunker supply; Zhoushan targets 55 million cubic metres of oil storage by 2030 and greater influence for its fuel oil price index. Terminal choice and sampling cycles are shifting from compliance items to cost items, reshaping quote structures across SNSUC's petroleum-products line.

The IMO sulphur cap reshaped bunker demand; VLSFO and HSFO+scrubber coexist. Singapore swaps give Asian buyers a price anchor and hedge.