Analysis of China Domestic Fuel Oil Market (June 15)

On June 15, domestic fuel oil market quotes were as follows: low-sulfur 180cst fuel oil (ex-works/self-pickup) was quoted at 5,900–6,500 RMB/tonne, while low-sulfur 120cst fuel oil (ex-works/self-pickup) was quoted at 6,000–6,500 RMB/tonne.

Regarding the spot market, quotes to low-sulfur 180cst and 120cst fuel oil remained generally stable. In the futures market, the main 2609 contract closed at 3,608 RMB/tonne on June 12, 2026—a decline of 93 RMB/tonne from the previous trading day. Trading volume was robust, and open interest increased by 17,216 lots; clear signs of short-position accumulation suggest immediate downward pressure on prices, acting as a moderately bearish factor to the market outlook.

A 72% year-on-year plunge! Brazil's sulfur imports hit a 21-year low, while sulfuric acid imports double and surge.

Oil prices fall further as markets weigh U.S.-Iran Hormuz agreement

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Analysis of China Domestic Fuel Oil Market (June 15)

A 72% year-on-year plunge! Brazil's sulfur imports hit a 21-year low, while sulfuric acid imports double and surge.

Oil prices fall further as markets weigh U.S.-Iran Hormuz agreement

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Analysis of China Domestic Fuel Oil Market (June 15)

A 72% year-on-year plunge! Brazil's sulfur imports hit a 21-year low, while sulfuric acid imports double and surge.

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