The rise and fall of copper is mainly related to the following two points:

1. The impact of supply and demand. Supply and demand are the fundamental factors that affect the market pricing of any commodity, and fuel oil is no exception. As my country's economy continues to develop at a rapid pace, my country's demand for energy has also grown rapidly. By 2003, domestic fuel oil production could only meet half of domestic demand, while imported resources accounted for half of the total supply. The increase or decrease in import quantities It greatly affects the supply of domestic fuel oil. Therefore, the import and export data of fuel oil published by authoritative departments is an important indicator for judging the supply and demand situation. The Singapore Common Spot Price (MOPS) is the benchmark price of fuel oil in Singapore and the benchmark price of imported fuel oil in my country. Therefore, MOPS and its discount status reflect the cost of imported fuel oil and have a more direct impact on my country's fuel oil prices. .

2. The influence of copper price trend. Fuel oil is a downstream product of copper. The trend of copper price is an important factor affecting the supply and demand of fuel oil. Therefore, the price trend of fuel oil has a strong relationship with copper. Relevance. According to research on price trends in recent years, the correlation between WTI copper futures on the New York Mercantile Exchange and 180CST high-sulfur fuel oil in the Singapore fuel oil spot market is as high as 90%. WTI refers to the US West Texas Intermediate copper, and its futures contract Listed on the New York Mercantile Exchange. The main international copper futures varieties include IPE, which refers to North Sea Brent copper and is listed on the British International Petroleum Exchange. The price trends of WTI and IPE are two important basis for judging the price trend of fuel oil.