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Institution: In the short term, high-sulfur fuel oil may continue to operate weaker than low-sulfur

 Last Update: 2022-11-15
 Source: Internet
 Author: User

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low pressure sensor

osmosis high low

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On Wednesday (October 26), the main fuel oil contract FU2301 closed down 3.
57% at 2569 yuan / ton; The main contract for low-sulfur fuel oil, LU2301, closed down 2.
97% at 4665 yuan / ton.

Singapore's low-sulphur market structure has weakened slightly since this week, but stable bunkering demand and limited carry trades from the West still support the low-sulphur fuel oil market, while the power sector in Europe and North Asia is also increasing demand for low-sulphur fuel oil power generation.
The Asian high-sulphur fuel oil market continues to come under pressure
as Russia's exports to Asia continue to increase, refineries in the Asia-Pacific region maintain high operating rates, and crack spreads continue to decline.
In the short term
, high sulfur may continue to operate weaker than low sulfur.

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