Huatai Futures: Insufficient raw materials at Asia-Pacific refineries lead to a decline in low-sulfur fuel oil production, while diesel premiums boost the market

In terms of low-sulfur fuel oil, although the direct export share from the Middle East is not high, refineries in the Asia-Pacific region have experienced a passive decline in output due to raw material shortages. Additionally, the high premium on diesel has a boosting effect on the low-sulfur fuel oil market. Currently, the diesel crack spread remains strong, supporting the valuation of low-sulfur fuel oil. (Huatai Futures)

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