Gate data showed gains across major crude-linked contracts, with low-sulfur fuel oil up 5.59% and fuel oil advancing 5.44%, while asphalt trimmed losses to 1.04%.
China’s major crude-linked futures contracts moved higher, led by SC crude, which rose 5.08% to 461.7 yuan per barrel. Low-sulfur fuel oil (refined marine fuel) gained 5.59% to 3,983 yuan per ton, and fuel oil climbed 5.44% to 3,083 yuan per ton. Asphalt remained lower, but its decline narrowed to 1.04%, with the contract trading at 3,805 yuan per ton, according to Gate data.