First of all, compared with the growth of fuel consumption demand, the growth of fuel production capacity in China has been relatively limited in recent years, which has promoted the overall upward trend of fuel prices. Coupled with the sustained recovery of the global economy, it needs a lot of energy resources, which further promotes the growth of fuel demand. Therefore, in the long run, fuel futures prices will continue to rise.
Secondly, the fluctuation of international crude oil price has a direct impact on China fuel oil futures market. Although the price of crude oil is affected by many factors, the fundamental support is still stable. The rise in international crude oil prices will lead to a high probability of rising fuel futures prices in China. In the context of the downward pressure on the domestic economy, the policy may also introduce some support measures for the fuel futures market, thus pushing up prices.
Finally, the fluctuation of fuel futures price is also influenced by many factors, such as policy and environmental protection, especially the introduction of environmental protection tax, which increases the uncertainty of fuel supply and demand and will also have an impact on fuel prices, thus indirectly promoting the rise of fuel futures prices.
In a word, there will still be differences in future fuel futures prices, but from the analysis of industry fundamentals, international situation and policies, the probability of future fuel futures rising is extremely high. However, price fluctuations may still exist in the short term, and we need to pay attention to the changes in market trends.