China's Fuel Oil Market Sentiment Turns Bearish as Crude Oil Continues Decline on June 24

According to Jin10 Futures, China's fuel oil market sentiment turned bearish on June 24 as crude oil prices continued to decline. Downstream buyers adopted a cautious stance, purchasing only essential inventory at lower levels, while refinery shipments faced pressure. Market buying interest remained weak, and industry participants expect fuel oil product negotiations to extend the downtrend.
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