> **来源：[研报客](https://pc.yanbaoke.cn)** 燃料油 <table><tr><td>日期</td><td>鹿特丹3.5% HSF O掉期 M1</td><td>鹿特丹0.5% VLS FO掉期 M1</td><td>鹿特丹HSFO-Br ent M1</td><td>鹿特丹10ppm G asoll掉期 M1</td><td>鹿特丹VLSFO-G O M1</td><td>LGO-Brent M1</td><td>鹿特丹VLSFO-H SFO M1</td></tr><tr><td>2026/02/26</td><td>397.76</td><td>449.83</td><td>-9.51</td><td>726.59</td><td>-276.76</td><td>28.68</td><td>52.07</td></tr><tr><td>2026/02/27</td><td>399.61</td><td>457.77</td><td>-9.37</td><td>728.55</td><td>-270.78</td><td>24.78</td><td>58.16</td></tr><tr><td>2026/03/02</td><td>435.86</td><td>486.41</td><td>-7.76</td><td>810.38</td><td>-323.97</td><td>31.92</td><td>50.55</td></tr><tr><td>2026/03/03</td><td>491.81</td><td>526.61</td><td>-2.46</td><td>897.13</td><td>-370.52</td><td>39.10</td><td>34.80</td></tr><tr><td>2026/03/04</td><td>471.68</td><td>508.77</td><td>-4.55</td><td>900.25</td><td>-391.48</td><td>39.10</td><td>37.09</td></tr><tr><td>变化</td><td>-20.13</td><td>-17.84</td><td>-2.09</td><td>3.12</td><td>-20.96</td><td>0.00</td><td>2.29</td></tr><tr><td>日期</td><td>新加坡380cst M1</td><td>新加坡180cst M1</td><td>新加坡VLSFO M1</td><td>新加坡GOM1</td><td>新加坡380cst-Br ent M1</td><td>新加坡VLSFO-G O M1</td><td></td></tr><tr><td>2026/02/26</td><td>420.67</td><td>425.23</td><td>492.73</td><td>92.08</td><td>-4.59</td><td>-188.66</td><td></td></tr><tr><td>2026/02/27</td><td>421.22</td><td>426.29</td><td>502.98</td><td>92.45</td><td>-5.15</td><td>-181.15</td><td></td></tr><tr><td>2026/03/02</td><td>480.25</td><td>463.54</td><td>547.57</td><td>105.17</td><td>-2.04</td><td>-230.69</td><td></td></tr><tr><td>2026/03/03</td><td>502.41</td><td>506.16</td><td>577.83</td><td>112.48</td><td>0.47</td><td>-254.52</td><td></td></tr><tr><td>2026/03/04</td><td>519.63</td><td>533.49</td><td>570.78</td><td>117.80</td><td>2.89</td><td>-300.94</td><td></td></tr><tr><td>变化</td><td>17.22</td><td>27.33</td><td>-7.05</td><td>5.32</td><td>2.42</td><td>-46.42</td><td></td></tr></table> 新加坡燃料油现货 <table><tr><td>日期</td><td>FOB 380cst</td><td>FOB VLSFO</td><td>380基差</td><td>高硫内外价差</td><td>低硫内外价差</td></tr><tr><td>2026/02/26</td><td>425.78</td><td>494.07</td><td>5.40</td><td>15.8</td><td>18.3</td></tr><tr><td>2026/02/27</td><td>426.14</td><td>504.57</td><td>5.10</td><td>19.1</td><td>19.6</td></tr><tr><td>2026/03/02</td><td>499.35</td><td>561.41</td><td>9.00</td><td>23.0</td><td>22.3</td></tr><tr><td>2026/03/03</td><td>522.55</td><td>600.09</td><td>10.15</td><td>36.7</td><td>55.3</td></tr><tr><td>2026/03/04</td><td>562.58</td><td>617.10</td><td>13.80</td><td>34.8</td><td>54.7</td></tr><tr><td>变化</td><td>40.03</td><td>17.01</td><td>3.65</td><td>-1.9</td><td>-0.6</td></tr></table> 国内FU <table><tr><td>日期</td><td>FU 01</td><td>FU 05</td><td>FU 09</td><td>FU 01-05</td><td>FU 05-09</td><td>FU 09-01</td></tr><tr><td>2026/02/26</td><td>2748</td><td>2987</td><td>2872</td><td>-239</td><td>115</td><td>124</td></tr><tr><td>2026/02/27</td><td>2729</td><td>2960</td><td>2855</td><td>-231</td><td>105</td><td>126</td></tr><tr><td>2026/03/02</td><td>2946</td><td>3186</td><td>3069</td><td>-240</td><td>117</td><td>123</td></tr><tr><td>2026/03/03</td><td>3160</td><td>3473</td><td>3342</td><td>-313</td><td>131</td><td>182</td></tr><tr><td>2026/03/04</td><td>3243</td><td>3888</td><td>3457</td><td>-645</td><td>431</td><td>214</td></tr><tr><td>变化</td><td>83</td><td>415</td><td>115</td><td>-332</td><td>300</td><td>32</td></tr></table> 国内LU <table><tr><td>日期</td><td>LU 01</td><td>LU 05</td><td>LU 09</td><td>LU 01-05</td><td>LU 05-09</td><td>LU 09-01</td></tr><tr><td>2026/02/26</td><td>3446</td><td>3460</td><td>3437</td><td>-14</td><td>23</td><td>-9</td></tr><tr><td>2026/02/27</td><td>3427</td><td>3500</td><td>3407</td><td>-73</td><td>93</td><td>-20</td></tr><tr><td>2026/03/02</td><td>3720</td><td>3757</td><td>3685</td><td>-37</td><td>72</td><td>-35</td></tr><tr><td>2026/03/03</td><td>3673</td><td>4112</td><td>3801</td><td>-439</td><td>311</td><td>128</td></tr><tr><td>2026/03/04</td><td>3850</td><td>4376</td><td>3944</td><td>-526</td><td>432</td><td>94</td></tr><tr><td>变化</td><td>177</td><td>264</td><td>143</td><td>-87</td><td>121</td><td>-34</td></tr></table> 鹿特丹3.5% HSFO M1 鹿特丹 $0.5\%$ VLSFO M1 鹿特丹VLSFO-GOM1 鹿特丹VLSFO-HSFO M1 新加坡180cst 新加坡超低硫燃料油基差 高硫内外价差 FU 01-05 FU 09-01 鹿特丹3.5% HSFO-Brent M1 鹿特丹10 ppm GO M1 LGO-Brent M1 新加坡380cst-Brent M1 新加坡380cst基差 新加坡VLSFO-GOM1 低碳内外价差 FU 05-09