卓创资讯：Outbound warehouse prices rebound, domestic shipping fuel profits expand

This week, the main trend is an increase in the prices of blended raw materials. The baseline price for shale oil is 4006 yuan/ton, remaining flat compared to the previous period. Market feedback indicates that the recent transaction prices have slightly decreased week-on-week, with some volume not fully sold. The prices of low-sulfur residual oil/asphalt raw materials have mostly risen, with an increase ranging from 50 to 170 yuan/ton. Prices for coal and waterborne oil have declined. This week, raw material prices in Northeast China increased by 100-150 yuan/ton, with some large discounts for major orders canceled. Raw material prices fluctuate, and manufacturers have limited spot resources. Wholesale outbound prices in Northeast China have rebounded, with a reference price of 4750 yuan/ton. Overall, the theoretical blending profit for 180CST marine fuel this week is 314 yuan/ton. According to data from Zhuochuang Information, if shale oil is used as the blending raw material, the theoretical blending cost (including tax) for 180CST marine fuel is 4436 yuan/ton, a decrease of 6 yuan/ton or 0.13% week-on-week. (Zhuochuang Information)