Beijing's medium-term demand concerns make crude o

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Beijing medium term: demand concerns still make crude oil weak. Shanghai fuel oil opened low and oscillated waiting for guidance

on September 11, the main futures contract of Shanghai fuel oil opened low and oscillated. When asked where it will become the largest sales market of plastic machinery in the United States in the next few years, it closed slightly. The position of the main fu0811 contract decreased by 596 hands to 44976 hands today. The turnover was significantly lower than that of the previous trading day, reaching 228934 hands. The contract opened today at 4315 yuan and closed at 4312 yuan, down 18 yuan from the settlement price on September 10. Fu0812 contract positions increased by 3656 to 19692. The contract opened at 4258 yuan and closed at 4228 yuan, down 35 yuan from the settlement price on September 10. The daily trading volume decreased slightly to 43402 hands

on September 10, NYMEX crude oil futures closed lower, as new evidence showed that global oil demand was weakening, and consumption concerns outweighed the impact of OPEC production cuts. The settlement price of NYMEX October crude oil futures closed down US $0.68 to US $102.58 a barrel, with a trading range of 101 $97. Ice Brent crude oil futures in London fell $1.37 to $98.97, at $98 Fluctuate between 06. October rbob gasoline futures closed up 9 cents at $2.6616 a gallon, at 2 Trading between $7186. October heating oil futures closed down 2.23 cents to $2.9024 a gallon, with an intraday trading range of 2 $9739

according to the latest weekly energy inventory data released by the American Energy Information Association (EIA), US gasoline demand in the month ended September 5 decreased by 2% compared with the same period last year. Not long ago, the EIA and the International Energy Agency both lowered their estimates of global oil demand, as the downturn in the US economy is expected to spread to Europe and some Asian countries. At the same time, the monthly report of the International Energy Agency (IEA) shows that due to the weakening economic situation and the impact of high prices, the daily demand growth forecast of global oil in 2008 is lowered by 100000 barrels to 690000 barrels again, and the daily demand growth forecast of next year is also lowered by 40000 barrels to 890000 barrels. And forecasts show that Hurricane Ike, which will make landfall on Saturday, is expected to bypass most offshore oil and gas production facilities in the Gulf of Mexico. Therefore, although OPEC has just announced a reduction in production, the specific implementation is still in doubt because the demand is declining and the range is small. Therefore, the seismic effect on oil price is limited. At present, the crude oil is still in the process of downward exploration support. It is expected that the short-term trend will be difficult to change, and the 100 yuan mark will be tested soon

as of noon today, Singapore's fuel oil supply from the West and the Middle East continued to be tight, keeping the fuel oil cracking price difference at minus $9.00 per ton, up 55 cents from the previous trading day. In September/October, the cross month inverse price difference of fuel oil was held at US $8.50 per ton. Shanghai fuel oil futures price fluctuated in a narrow range after opening low today. Due to the large decline in futures price in the near future, the trend is relatively stable today. The market is waiting for further guidance of crude oil. In view of the weak operation of crude oil, it is expected that Shanghai oil will also boost in the short term, with gold down 1.5% and silver down 3.6%, and continue to operate in the downward channel

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