Domestic Fuel Oil Morning Brief

Golden Ten Futures reported on January 4 that there is uncertainty in the crude oil trend, and gasoline and diesel sales are performing moderately. There is limited directional guidance from fuel oil news, so market participants remain cautious about the outlook. In terms of supply and demand, the inventory pressure of major refineries has eased after pre-holiday destocking, but downstream demand is releasing slowly, providing insufficient support for a bullish market. Downstream merchants are maintaining cautious, demand-driven procurement. Overall, both the news and supply-demand sides of the fuel oil market are mixed, so it is expected that most market participants will maintain stable prices and observe the market this week, waiting for further news guidance. (Longzhong Information)