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Institutional view: The recent unilateral price drive of fuel oil is still mainly from crude oil

 Last Update: 2022-11-15
 Source: Internet
 Author: User

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The main fuel contract continued to fall in the short term, now falling more than 3% to 2581 yuan / ton
.
Zhongcai Futures said that with the end of the peak period of summer electricity consumption, the demand for high-sulfur fuel oil at the power generation end will gradually decline, and high-sulfur will be further pressured
.
The steady increase in domestic low-sulphur fuel oil production capacity and the decline in overseas diesel premiums have made low-sulphur supply relatively loose
for the time being.
However, with the onset of winter, natural gas and diesel prices will remain high, and low sulfur will be boosted
in both supply and demand.
It is expected that the unilateral price drive of fuel oil in the near future will still be mainly from crude oil
.

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