September 17th, it was reported that
According to the Spotcom AI assistant, the recent spot market for low-sulfur fuel oil 180CST in China has been consistently strong, with multiple suppliers raising their quotes. Since mid-September, the self-pickup quotes for 180CST low-sulfur fuel oil in various regions have increased by 100-450 CNY/ton. The current mainstream quotation range in the Chinese market is between 7200-7600 CNY/ton. Based on the average difference analysis framework, the overall fuel oil market remains bullish, but the price has already reached a near one-year high, and the room for further increases is relatively limited.
Fuel Oil 180CST Daily Market Report in China
Data Explanation
The latest available fuel oil related data is up to September 16, 2026. It is recommended to refer to real-time data.
I. Recent Spot Price Trends
September 11: The spot quote for 180cst low-sulfur fuel oil self-delivery in the Ningbo region from China National Petroleum & Gas Corporation (CNPC) is RMB 7,000 per ton, up RMB 100 per ton from the previous trading day; the mainstream quotation range in China is RMB 7,000–7,300 per ton.
September 14: For the Shanghai region, China National Energy’s self-pickup quote for 180cst low-sulfur fuel oil is RMB 7,000 per ton, up RMB 200 per ton from the previous trading day; in the Ningbo region, the quote is RMB 7,100 per ton, up RMB 100 per ton from the previous trading day; in the Qingdao region, the quote is RMB 7,550 per ton, up RMB 50 per ton from the previous trading day. The mainstream quotation range in China is RMB 7,100–7,400 per ton.
September 15: For the Shanghai region, China National Petroleum Corporation’s (CNPC) self-pickup quote for 180cst low-sulfur fuel oil is RMB 7,200 per ton, up RMB 200 per ton from the previous trading day. In the Ningbo region, CNPC’s quote is RMB 7,300 per ton, also up RMB 200 per ton from the previous trading day. In the Qingdao region, CNPC’s quote is RMB 7,850 per ton, an increase of RMB 300 per ton from the previous trading day. The mainstream quotation range in China is RMB 7,200 to RMB 7,500 per ton.
September 16: In the Dalian area, Sinopec's self-pickup quotation for 180cst low-sulfur fuel was 7,600 CNY/ton, an increase of 450 CNY/ton from the previous trading day; in the Qingdao area, the quotation was 7,950 CNY/ton, an increase of 100 CNY/ton from the previous trading day; the mainstream quotation range in China was 7,200-7,600 CNY/ton.
II. Table of Mean Difference Changes
| Average Difference Type | Value as of September 16, 2026 (CNY/ton) | Value as of September 15, 2026 (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 230.00 | 237.50 | - |
| 10-day Average Difference (D10) | 191.25 | 191.25 | Unchanged |
| 20-day Average Difference (D20) | 247.50 | 217.50 | + |
III. Signal Status Determination
The current three deviations are approaching the (-, +, +) combination, which is in line with the characteristics of a strong consolidation (bullish) signal in China.
IV. Conclusion on Trend Direction
The current trend is oscillating with a bullish bias. Reason: All three mean difference values are positive, indicating that the overall price in the short to medium term is still in an upward channel. However, the direction of change in the three mean differences from the previous day is not entirely consistent, suggesting a need for short-term consolidation and no clear signal of a continuous one-sided uptrend.
Five, Position and Spatial Reference
Fuel oil prices in China over the past year are in the 5th tier (high price range), with limited room for further increases, making the risk of chasing high prices relatively high.
6. 1-Year Trend Chart
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
