Fuel Oil Price | China — Q4 2022
Check how the Fuel Oil price evolved in China, from Q4 2021 to Q4 2022.
The Fuel Oil price in China decreased during Q4 2022 to 904 USD per metric ton, which represents a decline of 5% compared to the previous quarter’s value. On a year-over-year basis, Fuel Oil prices in China increased by 6%.
The chart below shows quarterly Fuel Oil prices, in USD per metric ton in China and other selected countries in East Europe & North Asia.
For further information on the pricing of Fuel Oil, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/fuel-oil-price-chart
Wouldn’t it be great to be able to monitor 13 key energy commodities in as many as 35 strategic countries worldwide?
Click below and benefit from this offer:
▶ https://www.intratec.us/products/energy-price-references
A Little Bit About Fuel Oil
Fuel Oil is an organic compound, a mixture of hydrocarbons. It is a highly viscous liquid, with yellowish to black color, insoluble in water and most organic solvents. Fuel oil is a general classification of petroleum fraction (obtained either as a distillate or as a residue) that is used in an engine for power generation or is burned in a furnace for heat generation. For this matter, a wide variety of compounds can be categorized as fuel oil, diesel is one of those. It is composed mainly of long-chain alkanes, aromatics and cycloalkanes. Fuel oil can be categorized into 6 types, from number 1 through 6. The heavier fuel oils (4–6) are largely byproducts of the refining process, so their specification can vary greatly. Being a byproduct does not equate to having few or no uses; all types of fuel oil indeed are produced and employed in large quantities worldwide, for different uses.
Fuel oil is transported depending on the quantity and the destination. Lighter fuel oils can be transported via pipelines. Inland it is carried by rail cars (landmass transportation, usually in DOT-11 cars, holding 34,500 US gallons) and trucks (land transportation, ranging from 400 to 7,500 US gallons). Worldwide fuel oil is shipped by fleets of oil tankers. The biggest problem associated with its transportation are pollution and leakage/spilling since the mixture is very toxic to living animals and the environment as a whole. Some fuel oils will also absorb water from the environment (air, pipes, tanks), causing them to break down and damage the engine that it is powering. Fuel oil is extremely flammable, so it must be kept away from heat, sparks, flame, or other sources of ignition.
Fuel Oil is used mainly as ship/truck/car/train fuel; industrial solvent; in house and industrial heat generation; and electricity generation. This commodity can be used in the manufacture of derivatives, such as: acetylene; C4-stream; ethylene; gasoline; high-boiling aliphatic solvents; methanol; naphthenic acid; n-paraffins(C14-C18); propylene; pyrolysis tar.
About Intratec Solutions LLC
Intratec is a leading B2B provider of commodity strategic data and analyses. We are an online business whose mission is to provide reliable information about commodities, empowering companies to make accurate, high value-added decisions.
For more information, visit www.intratec.us
