echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > Institution: Fuel oil is considered to do long high sulfur cracking

    Institution: Fuel oil is considered to do long high sulfur cracking

    • Last Update: 2022-11-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    As of the night trading, LU01 was quoted at 4755 yuan / ton, the premium Singapore 12 contract was 9.
    2 US dollars / ton, FU01 was reported at 2675 yuan / ton, and the premium Singapore December contract was 4 US dollars / ton.

    Singapore's fuel oil inventories rose by 105,000 barrels to 21.
    145 million barrels last week, with domestic LU futures stocks at 52,130 tonnes and FU futures stocks remaining at 2,680 mt
    .
    For high sulfur, short-term floating warehouse inventory slightly declined, the later stage to continue to accumulate the drive is not large, because cracking by the inventory suppression, because inventory relief, the later stage has a valuation strong drive, for low sulfur, the recent international diesel cracking is relatively stable, but the domestic spot inventory rises, resulting in a decline in low sulfur premium, high and low sulfur price difference is currently in a wide range of fluctuations, there is no trend market, you can consider doing long high sulfur cracking
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.