Domestic Fuel Oil Consolidates Overnight on July 16, Market Activity Slows

According to Jin10 Futures, domestic fuel oil prices narrowed overnight on July 16, with upstream support from messaging lacking. Refiners maintained pricing while awaiting market direction, though downstream buyers released demand slowly and remained cautious on higher-priced inventory. Market trading activity continued subdued, with today's domestic fuel oil prices expected to consolidate overall, with select positions seeing catch-up gains.
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