As of July 17, the average price of domestic fuel oil 180CST was 6556.00 yuan / ton (including tax), down 0.30% from 6576.00 yuan / ton on July 11, according to the data of business news agency.

On July 17, the fuel oil commodity index was 132.78, unchanged from yesterday, down 2.15% from the highest point 135.70 in the cycle (2022-06-21), and up 188.15% from the lowest point 46.08 on August 15, 2016. (Note: the period refers to 2011-09-01 to now)

The international crude oil price fell, and the cost support of ship fuel market was limited. According to the business news agency, as of July 17, the quotation of 180CST self extracting low sulfur fuel oil in Zhoushan area of zhongran was 6650 yuan / ton, and the quotation of 120cst self extracting low sulfur fuel oil was 6750 yuan / ton; The quotation of 180CST self extracting low sulfur fuel oil in Shanghai is 6500 yuan / ton, and the quotation of 120cst self extracting low sulfur fuel oil is 6600 yuan / ton.

The international crude oil price fell, and the market was mainly affected by the strengthening of the US dollar. The expectation of the Federal Reserve to raise interest rates increased the risk of economic recession; Superimposed on the repeated outbreaks in Asia, the possible blockade measures will suppress demand.

Singapore’s fuel oil inventory decreased, supporting fuel oil prices. It is understood that Singapore enterprise development authority (ESG): as of the week of July 13, Singapore’s fuel oil storage fell by 587000 barrels to a two-week low of 20.821 million barrels. Singapore’s light distillate stocks fell 1.681 million barrels to a two-week low of 15.158 million barrels. Singapore’s medium distillate stocks fell by 52000 barrels to a five week low of 7.619 million barrels.

Aftermarket forecast: the domestic ship fuel market has a strong wait-and-see mood, the downstream receiving mentality is cautious, the market terminal demand is less, the transaction is light, the rigid demand is dominant, and the ship fuel market price is slightly downward. At present, the low sulfur market price of fuel oil 180CST is about 6500 yuan / ton, and the low sulfur market price of fuel oil 120cst is about 6600 yuan / ton, which is a single discussion. It is expected that the fuel oil 180CST market may be dominated by weakness in the near future.