According to CST, the average price of fuel decreased by 370.31 yuan (including tax) as of May.
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On July 31, the fuel oil commodity index was 76.20, flat with yesterday, down 34.26% from 115.91 (October 17, 2018), and 65.36% higher than 46.08, the lowest point on August 15, 2016. (Note: period refers to 2011-09-01 to now)
Domestic marine demand and power generation demand have a certain support for fuel oil 180CST, with strong market support and firm business offer. According to the business agency, as of July 31, the price of fuel oil 180CST in Ningbo was 3800 yuan / ton, that of 120cst was 3850 yuan / ton, that of Shanghai was 3850 yuan / ton, and that of 120 CST was 120 CST The price of sulfur is 3950 yuan / ton.
This week, the international crude oil price remained around $40 / barrel, supporting fuel oil. According to the monitoring of business agency, the closing price of WTI crude oil 09 contract was 40.33 USD / barrel on the 30th, while Brent crude oil 10 contract closed at 43.60 USD / barrel on the 30th.
Aftermarket forecast: the energy analysts of the business agency believe that, supported by the cost and demand, the 180 CST fuel oil market is likely to strengthen in the near future.
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