Fuel oil delivery stock for futures in nine appointed terminals of the Shanghai Futures Exchange amounted to 668,400mt as of Feb 25, unchanged from a week earlier, according to data released by SHFE. Fuel oil delivery warrants slid 3,000mt to 539,000mt in the period.
The delivery warrants fell by 3,000mt in PetroChina Fuel Oil's Zhanjiang oil terminal, the data showed.
Although the delivery warrants declined for the second consecutive week, it would impose few impacts on build in delivery stock in the whole month, market sources denoted.
As of Feb 25, open interest of March contract stayed largely flat at 19,160 lots (equivalent to about 95,000mt), the data also indicated.
Calculated by benchmark May contract, spot-futures arbitrage margins averaged about Yuan 5/mt in recent week, down Yuan 45/mt on week.
SHFE designated a total 910,000 cu m of delivery stock for fuel oil futures at the nine terminals.
