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Fuel oil prices or rise by the end of

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Since the National Day holiday, fuel oil prices in the spot market and futures market showed a significantly rising trend. In East China's fuel oil spot market, up 50 yuan per ton; in the futures market, the Shanghai fuel oil contract 1101, 1102 closing price of the contract has continued to rise.

Analysts generally believe that fuel oil prices, or by the inadequate supply of raw materials, oil, international crude oil prices and other factors. Currently, the market fundamentals improved, the price increases will continue.

According to the Chinese fuel oil monitoring network, 10 Since May, the Shanghai market, marine mixing 180CST since the question of domestic transactions valued at 4400-4450 yuan / ton, boiler made mention mixing 180CST car transaction price is 4300-4350 yuan / ton ; in Ningbo market, marine mixing 180CST since the question of domestic transactions valued at 4410-4460 yuan / ton, boiler made mention mixing 180CST car transaction price is 4320-4360 yuan / ton.

In addition, Shandong, south China's fuel oil prices showed rising trend, central, northeast, northwest and so the market is currently relatively stable. Domestic fuel oil futures prices also rose significantly. Recently, the Shanghai fuel oil contract closing price of 4779 yuan 1101 / ton, compared with the 13th rose 31 yuan / ton, or 0.65%; 1012 closing price of 4693 yuan contracts over the previous day up 33 yuan / ton, or 0.71%.

Network analysis of fuel oil in China, East China market, spot prices, mainly due to increased demand within the region and the lack of oil, raw material supply implications. Fuel oil demand is currently getting better, with oil companies to resume production of raw materials.

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