<p>新加坡，2 月 3 日（路透社）- 亚洲的超低硫燃料油（VLSFO）市场在周二交易中出现折扣，而高硫燃料油（HSFO）市场则延续其上涨趋势，形成更高的溢价。</p>
<p>几笔 VLSFO 交易以低于前一天的价格成交，因为对更多供应的预期继续对即期市场施加压力。</p>
<p>相比之下，HSFO 现金差价保持强劲，交易以稳定或更高的溢价出现。</p>
<p>反映出 HSFO 的持续强劲和 VLSFO 的疲软，hi-5 价差，即 VLSFO 与 380-cst HSFO 的溢价，在最近几天大幅收窄。</p>
<p>截至周二，前一个月的 hi-5 溢价收于每吨约 44 美元，接近 11 个月来的低点，基于 LSEG 的数据。（FO05-380SGMc1）</p>
<p>与此同时，燃料油裂解价差在前一天的基础上大致保持区间波动。380-cst HSFO 裂解价差（FO380BRTCKMc1）在亚洲收盘时保持在每桶近 6 美元的折扣，而 VLSFO 的裂解价差（LFO05SGBRTCMc1）则在每桶近 4 美元的溢价。</p>
<p>炼油厂更新 - 印度炼油商需要一个过渡期来完成与俄罗斯的石油交易，然后才能停止从该国的进口，至今政府尚未下令停止此类进口，两位炼油来源表示。</p>
<h3>其他新闻</h3>
<ul>
<li>周二油价下跌 1%，连续第二天下跌，市场参与者权衡美国与伊朗紧张局势缓和的可能性，而美元走强则增加了下行压力。（O/R）- 美国总统唐纳德·特朗普周一宣布与印度达成一项贸易协议，将美国对印度商品的关税从 50% 削减至 18%，作为交换，印度将停止购买俄罗斯石油并降低贸易壁垒。- 根据航运数据，委内瑞拉的石油出口在 1 月份上升至约 80 万桶/日，较 12 月份的 49.8 万桶/日有所增加，此前美国抓捕了尼古拉斯·马杜罗，并结束了一项石油封锁，使交易商能够进行大部分出口。- 印度石油公司与全球交易商维托尔（Vitol）之间成立平等贸易合资企业的协议因合同中的某些条款存在分歧而被推迟，两位知情人士表示。</li>
</ul>
<h3>窗口交易（O/AS）</h3>
<ul>
<li>180-cst HSFO：一笔交易</li>
</ul>
<ul>
<li>380-cst HSFO：三笔交易</li>
</ul>
<ul>
<li>0.5% VLSFO：六笔交易</li>
</ul>
<h3>评估</h3>
<h3>燃料油</h3>
<h3>现金（$/吨）亚洲 变动 前值 RIC</h3>
<h3>收盘 收盘</h3>
<p>货物 - 0.5% VLSFO 442.51 2.53 439.98 (MFO05-SIN)</p>
<p>差价 - 0.5% VLSFO -0.52 -0.52 0.00</p>
<p>差价&gt;</p>
<p>货物 - 180cst 406.08 6.00 400.08 (FO180-SIN)</p>
<p>差价 - 180cst 10.25 1.50 8.75</p>
<p>差价&gt;</p>
<p>货物 - 380cst 405.78 5.89 399.89 (FO380-SIN)</p>
<p>差价 - 380cst 14.11 1.61 12.50</p>
<p>差价&gt;</p>
<p>船用燃料（离岸）2.00 1.00 1.00</p>
<p>溢价 - 380cst</p>
<p>船用燃料（离岸）5.00 0.00 5.00</p>
<p>溢价 - 0.5% VLSFO</p>
<p>有关衍生品价格的列表，请参阅</p>
<p>ENSWAP/INFO 或以下 RIC：</p>
<p>180cst M1 (FO180SGSWMc1)</p>
<p>180cst M1/M2 (FO180SGSDMc1)</p>
<p>380cst M1 (FO380SGSWMc1)</p>
<p>380cst M1/M2 (FO380SGSDMc1)</p>
<p>0.5% VLSFO M1 (LFO05FSGMc1)</p>
<p>0.5% VLSFO M1/M2 (LFO05FSGSMc1)</p>
<p>裂解 180cst-布伦特 M1 (FO180BRTCKMc1)</p>
<p>裂解 180cst-迪拜 M1 (FO180SGCKMc1)</p>
<p>裂解 380cst-布伦特 M1 (FO380BRTCKMc1)</p>
<p>裂解 380cst-迪拜 M1 (FO380DUBCKMc1)</p>
<p>裂解 0.5% VLSFO-布伦特 M1 (LFO05SGBRTCMc1)</p>
<p>裂解 0.5% VLSFO-迪拜 M1 (LFO05SGDUBCMc1)</p>
<p>粘度 180cst/380cst M1 (FOVISSGDFMc1)</p>
<p>Hi-5 0.5% VLSFO/380cst M1 (FO05-380SGMc1)</p>
<p>GoFo 10PPM/0.5% VLSFO M1 (GO10FO05FSGMc1)</p>
<p>东西方 M1 (FOSGEWMc1)</p>
<p>驳船 M1 (HFOFARAAMc1)</p>
<p>驳船 M1/M2 (HFOFARAASMc1)</p>
<p>裂解 驳船 - 布伦特 M1 (HFOFARAACMc1)</p>

油气开采 ETF - SPDR

美国石油勘探

美国油气勘探与生产 ETF - iShares

<p>亚洲的低硫燃料油（VLSFO）市场正在以折扣交易，而高硫燃料油（HSFO）价格则持续上涨。由于供应预期增加，VLSFO 的交易价值下降，hi-5 价差急剧缩小。与此同时，HSFO 的现金差价依然强劲。在美国与伊朗紧张局势缓解以及美元走强的背景下，油价下跌了 1%。此外，印度炼油商正在等待俄罗斯石油交易的逐步结束，而印度石油公司与维托尔之间的合资企业因合同争议而被推迟</p>

<p>SINGAPORE, Feb 3 (Reuters) - Asia’s very low sulphur fuel oil (VLSFO) market traded into discounts on Tuesday, while the high sulphur fuel oil (HSFO) market extended its rally into firmer premiums.</p>
<div class="lb-trans"><p>新加坡，2 月 3 日（路透社）- 亚洲的超低硫燃料油（VLSFO）市场在周二交易中出现折扣，而高硫燃料油（HSFO）市场则延续其上涨趋势，形成更高的溢价。</p>
</div><p>Several trades for VLSFO emerged at softer values from the previous day, as expectations of more supply continued to weigh on the prompt market.</p>
<div class="lb-trans"><p>几笔 VLSFO 交易以低于前一天的价格成交，因为对更多供应的预期继续对即期市场施加压力。</p>
</div><p>In contrast, HSFO cash differentials retained strength, with trades emerging at steady-to-stronger premiums.</p>
<div class="lb-trans"><p>相比之下，HSFO 现金差价保持强劲，交易以稳定或更高的溢价出现。</p>
</div><p>Reflecting the ongoing strength in HSFO and weakness in VLSFO, the hi-5 spread, which is the premium of VLSFO over 380-cst HSFO, narrowed sharply in recent sessions.</p>
<div class="lb-trans"><p>反映出 HSFO 的持续强劲和 VLSFO 的疲软，hi-5 价差，即 VLSFO 与 380-cst HSFO 的溢价，在最近几天大幅收窄。</p>
</div><p>The front-month hi-5 premium closed at about $44 a metric ton as of Tuesday, clinging near 11-month lows, based on data by LSEG. (FO05-380SGMc1)</p>
<div class="lb-trans"><p>截至周二，前一个月的 hi-5 溢价收于每吨约 44 美元，接近 11 个月来的低点，基于 LSEG 的数据。（FO05-380SGMc1）</p>
</div><p>Meanwhile, fuel oil cracks traded broadly rangebound from the previous day. The 380-cst HSFO crack (FO380BRTCKMc1) held at a discount near $6 a barrel at the Asia close, while VLSFO’s crack (LFO05SGBRTCMc1) was at a premium near $4 a barrel.</p>
<div class="lb-trans"><p>与此同时，燃料油裂解价差在前一天的基础上大致保持区间波动。380-cst HSFO 裂解价差（FO380BRTCKMc1）在亚洲收盘时保持在每桶近 6 美元的折扣，而 VLSFO 的裂解价差（LFO05SGBRTCMc1）则在每桶近 4 美元的溢价。</p>
</div><p>REFINERY UPDATES - Indian refiners will need a wind-down period to complete Russian oil deals before imports from that country can be halted, and they have so far not been ordered by the government to stop such imports, two refining sources said.</p>
<div class="lb-trans"><p>炼油厂更新 - 印度炼油商需要一个过渡期来完成与俄罗斯的石油交易，然后才能停止从该国的进口，至今政府尚未下令停止此类进口，两位炼油来源表示。</p>
</div><h3>OTHER NEWS</h3>
<div class="lb-trans"><h3>其他新闻</h3>
</div><ul>
<li>Oil prices fell 1% on Tuesday, dropping for a second day, as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, while a firmer dollar added downward pressure. (O/R) - U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers. - Venezuelan oil exports rose to some 800,000 barrels per day in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed. - A deal between Indian Oil Corp and global trader Vitol to form an equal trading joint venture has been delayed due to differences over some clauses in the contract, two sources familiar with the matter said.</li>
</ul>
<div class="lb-trans"><ul>
<li>周二油价下跌 1%，连续第二天下跌，市场参与者权衡美国与伊朗紧张局势缓和的可能性，而美元走强则增加了下行压力。（O/R）- 美国总统唐纳德·特朗普周一宣布与印度达成一项贸易协议，将美国对印度商品的关税从 50% 削减至 18%，作为交换，印度将停止购买俄罗斯石油并降低贸易壁垒。- 根据航运数据，委内瑞拉的石油出口在 1 月份上升至约 80 万桶/日，较 12 月份的 49.8 万桶/日有所增加，此前美国抓捕了尼古拉斯·马杜罗，并结束了一项石油封锁，使交易商能够进行大部分出口。- 印度石油公司与全球交易商维托尔（Vitol）之间成立平等贸易合资企业的协议因合同中的某些条款存在分歧而被推迟，两位知情人士表示。</li>
</ul>
</div><h3>WINDOW TRADES (O/AS)</h3>
<div class="lb-trans"><h3>窗口交易（O/AS）</h3>
</div><ul>
<li>180-cst HSFO: One trade</li>
</ul>
<div class="lb-trans"><ul>
<li>180-cst HSFO：一笔交易</li>
</ul>
</div><ul>
<li>380-cst HSFO: Three trades</li>
</ul>
<div class="lb-trans"><ul>
<li>380-cst HSFO：三笔交易</li>
</ul>
</div><ul>
<li>0.5% VLSFO: Six trades</li>
</ul>
<div class="lb-trans"><ul>
<li>0.5% VLSFO：六笔交易</li>
</ul>
</div><h3>ASSESSMENTS</h3>
<div class="lb-trans"><h3>评估</h3>
</div><h3>FUEL OIL</h3>
<div class="lb-trans"><h3>燃料油</h3>
</div><h3>CASH ($/T) ASIA CHANGE PREV RIC</h3>
<div class="lb-trans"><h3>现金（$/吨）亚洲 变动 前值 RIC</h3>
</div><h3>CLOSE CLOSE</h3>
<div class="lb-trans"><h3>收盘 收盘</h3>
</div><p>Cargo - 0.5% VLSFO 442.51 2.53 439.98 (MFO05-SIN)</p>
<div class="lb-trans"><p>货物 - 0.5% VLSFO 442.51 2.53 439.98 (MFO05-SIN)</p>
</div><p>Diff - 0.5% VLSFO -0.52 -0.52 0.00</p>
<div class="lb-trans"><p>差价 - 0.5% VLSFO -0.52 -0.52 0.00</p>
</div><p>DIF&gt;</p>
<div class="lb-trans"><p>差价&gt;</p>
</div><p>Cargo - 180cst 406.08 6.00 400.08 (FO180-SIN)</p>
<div class="lb-trans"><p>货物 - 180cst 406.08 6.00 400.08 (FO180-SIN)</p>
</div><p>Diff - 180cst 10.25 1.50 8.75</p>
<div class="lb-trans"><p>差价 - 180cst 10.25 1.50 8.75</p>
</div><p>DIF&gt;</p>
<div class="lb-trans"><p>差价&gt;</p>
</div><p>Cargo - 380cst 405.78 5.89 399.89 (FO380-SIN)</p>
<div class="lb-trans"><p>货物 - 380cst 405.78 5.89 399.89 (FO380-SIN)</p>
</div><p>Diff - 380cst 14.11 1.61 12.50</p>
<div class="lb-trans"><p>差价 - 380cst 14.11 1.61 12.50</p>
</div><p>DIF&gt;</p>
<div class="lb-trans"><p>差价&gt;</p>
</div><p>Bunker (Ex-wharf) 2.00 1.00 1.00</p>
<div class="lb-trans"><p>船用燃料（离岸）2.00 1.00 1.00</p>
</div><p>Premium - 380cst</p>
<div class="lb-trans"><p>溢价 - 380cst</p>
</div><p>Bunker (Ex-wharf) 5.00 0.00 5.00</p>
<div class="lb-trans"><p>船用燃料（离岸）5.00 0.00 5.00</p>
</div><p>Premium - 0.5% VLSFO</p>
<div class="lb-trans"><p>溢价 - 0.5% VLSFO</p>
</div><p>For a list of derivatives prices, please refer</p>
<div class="lb-trans"><p>有关衍生品价格的列表，请参阅</p>
</div><p>to ENSWAP/INFO or the RICs below:</p>
<div class="lb-trans"><p>ENSWAP/INFO 或以下 RIC：</p>
</div><p>180cst M1 (FO180SGSWMc1)</p>
<div class="lb-trans"><p>180cst M1 (FO180SGSWMc1)</p>
</div><p>180cst M1/M2 (FO180SGSDMc1)</p>
<div class="lb-trans"><p>180cst M1/M2 (FO180SGSDMc1)</p>
</div><p>380cst M1 (FO380SGSWMc1)</p>
<div class="lb-trans"><p>380cst M1 (FO380SGSWMc1)</p>
</div><p>380cst M1/M2 (FO380SGSDMc1)</p>
<div class="lb-trans"><p>380cst M1/M2 (FO380SGSDMc1)</p>
</div><p>0.5% VLSFO M1 (LFO05FSGMc1)</p>
<div class="lb-trans"><p>0.5% VLSFO M1 (LFO05FSGMc1)</p>
</div><p>0.5% VLSFO M1/M2 (LFO05FSGSMc1)</p>
<div class="lb-trans"><p>0.5% VLSFO M1/M2 (LFO05FSGSMc1)</p>
</div><p>Cracks 180cst-Brent M1 (FO180BRTCKMc1)</p>
<div class="lb-trans"><p>裂解 180cst-布伦特 M1 (FO180BRTCKMc1)</p>
</div><p>Cracks 180cst-Dubai M1 (FO180SGCKMc1)</p>
<div class="lb-trans"><p>裂解 180cst-迪拜 M1 (FO180SGCKMc1)</p>
</div><p>Cracks 380cst-Brent M1 (FO380BRTCKMc1)</p>
<div class="lb-trans"><p>裂解 380cst-布伦特 M1 (FO380BRTCKMc1)</p>
</div><p>Cracks 380cst-Dubai M1 (FO380DUBCKMc1)</p>
<div class="lb-trans"><p>裂解 380cst-迪拜 M1 (FO380DUBCKMc1)</p>
</div><p>Cracks 0.5% VLSFO-Brent M1 (LFO05SGBRTCMc1)</p>
<div class="lb-trans"><p>裂解 0.5% VLSFO-布伦特 M1 (LFO05SGBRTCMc1)</p>
</div><p>Cracks 0.5% VLSFO-Dubai M1 (LFO05SGDUBCMc1)</p>
<div class="lb-trans"><p>裂解 0.5% VLSFO-迪拜 M1 (LFO05SGDUBCMc1)</p>
</div><p>Visco 180cst/380cst M1 (FOVISSGDFMc1)</p>
<div class="lb-trans"><p>粘度 180cst/380cst M1 (FOVISSGDFMc1)</p>
</div><p>Hi-5 0.5% VLSFO/380cst M1 (FO05-380SGMc1)</p>
<div class="lb-trans"><p>Hi-5 0.5% VLSFO/380cst M1 (FO05-380SGMc1)</p>
</div><p>GoFo 10PPM/0.5% VLSFO M1 (GO10FO05FSGMc1)</p>
<div class="lb-trans"><p>GoFo 10PPM/0.5% VLSFO M1 (GO10FO05FSGMc1)</p>
</div><p>East-West M1 (FOSGEWMc1)</p>
<div class="lb-trans"><p>东西方 M1 (FOSGEWMc1)</p>
</div><p>Barges M1 (HFOFARAAMc1)</p>
<div class="lb-trans"><p>驳船 M1 (HFOFARAAMc1)</p>
</div><p>Barges M1/M2 (HFOFARAASMc1)</p>
<div class="lb-trans"><p>驳船 M1/M2 (HFOFARAASMc1)</p>
</div><p>Crack Barges-Brent M1 (HFOFARAACMc1)</p>
<div class="lb-trans"><p>裂解 驳船 - 布伦特 M1 (HFOFARAACMc1)</p>
</div>

亚洲燃料油-VLSFO 交易进入折扣状态；HSFO 的反弹仍在继续