Fuel oil up 0.36% to ¥4,434/t; asphalt down 3.50% to ¥5,013/t — signaling intensified regional storage arbitrage pressure. East China bonded tank utilization >92%; demurrage hits ¥3,650/day (+28% vs Sep avg). SNSUC’s transshipment cargo in Yangpu-Ningbo-Qingdao triangle now below breakeven on logistics economics.