TREE NEWS reports: Low-sulfur fuel oil futures fell about 5.7% in the night session, with fuel oil dropping 5.4%. Bitumen, pure benzene, LPG, bottle chips, styrene and paraxylene also declined more than 4% during the session.
Low-sulfur fuel oil falls 5.7% in night session; fuel oil down 5.4%
The breadth of the selloff matters more than the headline drop in low-sulfur fuel oil: bitumen, pure benzene, LPG, bottle chips, styrene and paraxylene all falling more than 4% points to a session-wide de-risking across the energy and petrochemical complex rather than an isolated fuel oil story. That synchronised move suggests a common macro or feedstock driver hitting the whole barrel, which affects refiners and petrochemical producers with exposure across these grades. Whether the decline stays contained to the night session or carries into the next trading day is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.