ResearchIndustry2026-10-20
Residue chain rises across the board as independents rebalance coker and bonded bunker
Fuel oil closed at 4,982 yuan per tonne, up 0.5%, and bitumen at 4,488 yuan, up 0.85% — both residue lines moved higher together, reversing the earlier "fuel oil strong, bitumen weak" split. Independents are reallocating residue between coking and bonded bunker blending, and the crack is widening.