China Domestic Fuel Oil Prices Rise 1.04% Week-on-Week to 4,850 Yuan/Ton

GateNews
According to Jin10 Futures, as of May 19, Shandong low-sulfur fuel oil prices reached 4,850 yuan/ton, up 1.04% week-on-week, while medium-sulfur fuel oil held steady at the same level. Rising international crude oil prices, tightening commodity supply, and firm refinery pricing sentiment supported the market. However, cautious downstream purchasing appetite limited upside momentum. The market is expected to trade in a narrow range with limited upside potential in the near term.
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