According to the data of SunSirs, as of December 1, the average price of domestic fuel oil 180CST was 5,060.00 RMB/ ton (including tax), which was stable compared with November 30.
Crude oil fell sharply, which was bad for the ship fuel market. The market had a strong bearish attitude, poor terminal demand, light transaction, cautious downstream procurement and strong wait-and-see mood. The market price of fuel oil 180CST low sulfur was about 4,900-5,200 RMB/ ton, and the market price of fuel oil 120 CST low sulfur was about 5,000-5,300 RMB/ ton. It is expected that China fuel oil 180CST market may have a downward trend in the near future.