<p>新加坡，2 月 3 日（路透社）- 亞洲的超低硫燃料油（VLSFO）市場在週二交易中出現折扣，而高硫燃料油（HSFO）市場則延續其上漲趨勢，形成更高的溢價。</p>
<p>幾筆 VLSFO 交易以低於前一天的價格成交，因為對更多供應的預期繼續對即期市場施加壓力。</p>
<p>相比之下，HSFO 現金差價保持強勁，交易以穩定或更高的溢價出現。</p>
<p>反映出 HSFO 的持續強勁和 VLSFO 的疲軟，hi-5 價差，即 VLSFO 與 380-cst HSFO 的溢價，在最近幾天大幅收窄。</p>
<p>截至週二，前一個月的 hi-5 溢價收於每噸約 44 美元，接近 11 個月來的低點，基於 LSEG 的數據。（FO05-380SGMc1）</p>
<p>與此同時，燃料油裂解價差在前一天的基礎上大致保持區間波動。380-cst HSFO 裂解價差（FO380BRTCKMc1）在亞洲收盤時保持在每桶近 6 美元的折扣，而 VLSFO 的裂解價差（LFO05SGBRTCMc1）則在每桶近 4 美元的溢價。</p>
<p>煉油廠更新 - 印度煉油商需要一個過渡期來完成與俄羅斯的石油交易，然後才能停止從該國的進口，至今政府尚未下令停止此類進口，兩位煉油來源表示。</p>
<h3>其他新聞</h3>
<ul>
<li>週二油價下跌 1%，連續第二天下跌，市場參與者權衡美國與伊朗緊張局勢緩和的可能性，而美元走強則增加了下行壓力。（O/R）- 美國總統唐納德·特朗普週一宣佈與印度達成一項貿易協議，將美國對印度商品的關税從 50% 削減至 18%，作為交換，印度將停止購買俄羅斯石油並降低貿易壁壘。- 根據航運數據，委內瑞拉的石油出口在 1 月份上升至約 80 萬桶/日，較 12 月份的 49.8 萬桶/日有所增加，此前美國抓捕了尼古拉斯·馬杜羅，並結束了一項石油封鎖，使交易商能夠進行大部分出口。- 印度石油公司與全球交易商維托爾（Vitol）之間成立平等貿易合資企業的協議因合同中的某些條款存在分歧而被推遲，兩位知情人士表示。</li>
</ul>
<h3>窗口交易（O/AS）</h3>
<ul>
<li>180-cst HSFO：一筆交易</li>
</ul>
<ul>
<li>380-cst HSFO：三筆交易</li>
</ul>
<ul>
<li>0.5% VLSFO：六筆交易</li>
</ul>
<h3>評估</h3>
<h3>燃料油</h3>
<h3>現金（$/噸）亞洲 變動 前值 RIC</h3>
<h3>收盤 收盤</h3>
<p>貨物 - 0.5% VLSFO 442.51 2.53 439.98 (MFO05-SIN)</p>
<p>差價 - 0.5% VLSFO -0.52 -0.52 0.00</p>
<p>差價&gt;</p>
<p>貨物 - 180cst 406.08 6.00 400.08 (FO180-SIN)</p>
<p>差價 - 180cst 10.25 1.50 8.75</p>
<p>差價&gt;</p>
<p>貨物 - 380cst 405.78 5.89 399.89 (FO380-SIN)</p>
<p>差價 - 380cst 14.11 1.61 12.50</p>
<p>差價&gt;</p>
<p>船用燃料（離岸）2.00 1.00 1.00</p>
<p>溢價 - 380cst</p>
<p>船用燃料（離岸）5.00 0.00 5.00</p>
<p>溢價 - 0.5% VLSFO</p>
<p>有關衍生品價格的列表，請參閲</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-布倫特 M1 (FO180BRTCKMc1)</p>
<p>裂解 180cst-迪拜 M1 (FO180SGCKMc1)</p>
<p>裂解 380cst-布倫特 M1 (FO380BRTCKMc1)</p>
<p>裂解 380cst-迪拜 M1 (FO380DUBCKMc1)</p>
<p>裂解 0.5% VLSFO-布倫特 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>東西方 M1 (FOSGEWMc1)</p>
<p>駁船 M1 (HFOFARAAMc1)</p>
<p>駁船 M1/M2 (HFOFARAASMc1)</p>
<p>裂解 駁船 - 布倫特 M1 (HFOFARAACMc1)</p>

油氣開採 ETF - SPDR

美國石油勘探

美國油氣勘探與生產 ETF - iShares

<p>亞洲的低硫燃料油（VLSFO）市場正在以折扣交易，而高硫燃料油（HSFO）價格則持續上漲。由於供應預期增加，VLSFO 的交易價值下降，hi-5 價差急劇縮小。與此同時，HSFO 的現金差價依然強勁。在美國與伊朗緊張局勢緩解以及美元走強的背景下，油價下跌了 1%。此外，印度煉油商正在等待俄羅斯石油交易的逐步結束，而印度石油公司與維托爾之間的合資企業因合同爭議而被推遲</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）- 亞洲的超低硫燃料油（VLSFO）市場在週二交易中出現折扣，而高硫燃料油（HSFO）市場則延續其上漲趨勢，形成更高的溢價。</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>幾筆 VLSFO 交易以低於前一天的價格成交，因為對更多供應的預期繼續對即期市場施加壓力。</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 現金差價保持強勁，交易以穩定或更高的溢價出現。</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 的持續強勁和 VLSFO 的疲軟，hi-5 價差，即 VLSFO 與 380-cst HSFO 的溢價，在最近幾天大幅收窄。</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>截至週二，前一個月的 hi-5 溢價收於每噸約 44 美元，接近 11 個月來的低點，基於 LSEG 的數據。（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>與此同時，燃料油裂解價差在前一天的基礎上大致保持區間波動。380-cst HSFO 裂解價差（FO380BRTCKMc1）在亞洲收盤時保持在每桶近 6 美元的折扣，而 VLSFO 的裂解價差（LFO05SGBRTCMc1）則在每桶近 4 美元的溢價。</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>煉油廠更新 - 印度煉油商需要一個過渡期來完成與俄羅斯的石油交易，然後才能停止從該國的進口，至今政府尚未下令停止此類進口，兩位煉油來源表示。</p>
</div><h3>OTHER NEWS</h3>
<div class="lb-trans"><h3>其他新聞</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>週二油價下跌 1%，連續第二天下跌，市場參與者權衡美國與伊朗緊張局勢緩和的可能性，而美元走強則增加了下行壓力。（O/R）- 美國總統唐納德·特朗普週一宣佈與印度達成一項貿易協議，將美國對印度商品的關税從 50% 削減至 18%，作為交換，印度將停止購買俄羅斯石油並降低貿易壁壘。- 根據航運數據，委內瑞拉的石油出口在 1 月份上升至約 80 萬桶/日，較 12 月份的 49.8 萬桶/日有所增加，此前美國抓捕了尼古拉斯·馬杜羅，並結束了一項石油封鎖，使交易商能夠進行大部分出口。- 印度石油公司與全球交易商維托爾（Vitol）之間成立平等貿易合資企業的協議因合同中的某些條款存在分歧而被推遲，兩位知情人士表示。</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：一筆交易</li>
</ul>
</div><ul>
<li>380-cst HSFO: Three trades</li>
</ul>
<div class="lb-trans"><ul>
<li>380-cst HSFO：三筆交易</li>
</ul>
</div><ul>
<li>0.5% VLSFO: Six trades</li>
</ul>
<div class="lb-trans"><ul>
<li>0.5% VLSFO：六筆交易</li>
</ul>
</div><h3>ASSESSMENTS</h3>
<div class="lb-trans"><h3>評估</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>現金（$/噸）亞洲 變動 前值 RIC</h3>
</div><h3>CLOSE CLOSE</h3>
<div class="lb-trans"><h3>收盤 收盤</h3>
</div><p>Cargo - 0.5% VLSFO 442.51 2.53 439.98 (MFO05-SIN)</p>
<div class="lb-trans"><p>貨物 - 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>差價 - 0.5% VLSFO -0.52 -0.52 0.00</p>
</div><p>DIF&gt;</p>
<div class="lb-trans"><p>差價&gt;</p>
</div><p>Cargo - 180cst 406.08 6.00 400.08 (FO180-SIN)</p>
<div class="lb-trans"><p>貨物 - 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>差價 - 180cst 10.25 1.50 8.75</p>
</div><p>DIF&gt;</p>
<div class="lb-trans"><p>差價&gt;</p>
</div><p>Cargo - 380cst 405.78 5.89 399.89 (FO380-SIN)</p>
<div class="lb-trans"><p>貨物 - 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>差價 - 380cst 14.11 1.61 12.50</p>
</div><p>DIF&gt;</p>
<div class="lb-trans"><p>差價&gt;</p>
</div><p>Bunker (Ex-wharf) 2.00 1.00 1.00</p>
<div class="lb-trans"><p>船用燃料（離岸）2.00 1.00 1.00</p>
</div><p>Premium - 380cst</p>
<div class="lb-trans"><p>溢價 - 380cst</p>
</div><p>Bunker (Ex-wharf) 5.00 0.00 5.00</p>
<div class="lb-trans"><p>船用燃料（離岸）5.00 0.00 5.00</p>
</div><p>Premium - 0.5% VLSFO</p>
<div class="lb-trans"><p>溢價 - 0.5% VLSFO</p>
</div><p>For a list of derivatives prices, please refer</p>
<div class="lb-trans"><p>有關衍生品價格的列表，請參閲</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-布倫特 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-布倫特 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-布倫特 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>東西方 M1 (FOSGEWMc1)</p>
</div><p>Barges M1 (HFOFARAAMc1)</p>
<div class="lb-trans"><p>駁船 M1 (HFOFARAAMc1)</p>
</div><p>Barges M1/M2 (HFOFARAASMc1)</p>
<div class="lb-trans"><p>駁船 M1/M2 (HFOFARAASMc1)</p>
</div><p>Crack Barges-Brent M1 (HFOFARAACMc1)</p>
<div class="lb-trans"><p>裂解 駁船 - 布倫特 M1 (HFOFARAACMc1)</p>
</div>

亞洲燃料油-VLSFO 交易進入折扣狀態；HSFO 的反彈仍在繼續