The hottest mainland futures fuel oil is high and

Mainland Futures: fuel oil is open at a high level, and it is recommended to short at a high level in the short term.

main views and reference suggestions:

domestic Shanghai futures exchange fuel oil futures is affected by the international crude oil market, and it is open at a high level throughout the day. The main 0807 contract opened at 4465 yuan per ton, with a maximum of 4492 yuan per ton, and closed at 4433 yuan per ton, with 81824 transactions and -982 positions to 37206 positions. We have advised investors to change the previous operating strategy of fuel oil bargain hunting, and suggest investors to short on high in the short term. From the situation of yesterday's overnight crude oil slump, it is in line with our expectations, and investors can continue to short on high. Judging from the recent trend of fuel oil, the main domestic funds have expected the strong slowdown of crude oil. Even if it rises again, it is difficult to have strength. At present, the upward momentum of crude oil is declining. We are always concerned about the consolidation correction of crude oil rushing to the top, which is likely to produce a new upward momentum with the crude oil falling back to the 20 day moving average, which is the focus of bulls

information gathering and editing:

the price of fuel oil in Asia fell on Tuesday, and the premium of utility grade fuel oil also fell. The low selling price of Singapore traders Xinglong in the physical market put pressure on it The price of CST fuel oil fell by $9.45 to $568.80 per ton, and the premium fell to $2.80 Although Koch and noble group reached a deal at a premium of $4, Xinglong sold a batch of May shipment to BP at a low premium of about $0.30, lowering the overall premium Noble Group purchased 40000 tons of fuel oil with a shipping date of May Traders said the deal reflected actual market demand rather than point price activity The fuel oil cracking price difference was quoted as a discount of $22, which was little changed from yesterday, and the prospect of continued long-term demand improvement was slim The reverse spread narrowed by $3.50 to $1.50 in May/June Traders continued to pay attention to the possibility of rising demand in China, as Guangdong Province is expected to extend the subsidy period for the power industry 380cst fuel oil prices fell $9.10 per ton to $531.90 The premium fell by nearly $1.20 Due to the open specification, the supply of marine fuel oil continues to increase Singapore 380cst marine fuel oil is valued at US dollars per ton

crude oil market analysis

main points and operational suggestions:

today, the futures price of crude oil in New York fell slightly in June. The short-term rise after a sharp correction did not seem to give investors new hope. The popularity driven by the re rise in the short term was swept away by the fall last night. In theory, we can appropriately raise the position of the high point. At present, we focus on the $125 line after breaking through $120, However, it should be mentioned that the current main crude oil contract has not exceeded $120, and the momentum has been at the end of a strong crossbow in the short term. Beware of the withdrawal of the 20 day moving average at any time

information collection and editing:

the settlement price on Tuesday was $115.63 per barrel of West Texas light oil futures on the New York Mercantile Exchange, down $3.12 from the previous trading day, with a trading range of 114 $84; June Brent crude oil futures on the London Intercontinental Exchange were $113.43 a barrel, down $3.31 from the previous trading day, with a trading range of 113 $74

on Monday, due to the simultaneous decline of crude oil production in Britain and Nigeria, the international oil price was close to $120. However, as we said in yesterday's analysis report: the British refinery strike plan is only two days, and the Fortis pipeline system will soon resume operation, so it will not have a great impact on the world oil market. On Tuesday, the strike of British refineries ended as scheduled, the Fortis pipeline system immediately resumed operation, and the international oil price fell sharply. Although two of Nigeria's largest oil companies have announced that force majeure has interrupted exports, the signs of high oil prices curbing demand have become obvious. Analysts expect U.S. crude oil inventories to increase, while the dollar exchange rate rebounded. On Tuesday, European and American crude oil futures fell back $4 from the intraday record set on Monday

the US dollar rebounded to its highest level against the euro in nearly a month on Tuesday, as the general expectation was that the industry was no longer the same as before, and the Fed would not reduce interest rates and turned its focus to inflation. On Tuesday afternoon, the exchange rate of the euro against the US dollar was 1.5541, the lowest since April 3. Vittner, head of oil market research at Societe Generale (39.15, -0.81, -2.03%, right), believes that the rebound in the dollar exchange rate offset the impact of supply disruptions

analysts believe that the rebound of the US dollar exchange rate can reduce the purchasing power of non US dollars, leading to investment 4. Press the reset button to clear the power value investors on the display screen to withdraw their funds from commodity futures, thereby reducing the commodity price priced in US dollars. The number of grange, Scotland, in the UK is equivalent to the total population of Germany. The two-day strike at the Mause refinery has ended, and BP has begun to restart the main crude oil pipeline from the North Sea to Grange Mause. In Nigeria, negotiations between trade unions and ExxonMobil resumed, and the six-day strike is expected to end. Analysts believe that the strike caused by labor capital contradiction is short-lived. However, the added value of industries 1, 2 and 3 in Yunnan Province accounts for only 3.3%, 2% and 1.9% of the country respectively; The industrialization rate of the whole province is 32.1%, which is enough to affect the oil market supply. Despite the decline in gasoline futures on the New York Mercantile Exchange, the retail price of gasoline in the United States still hit a record high. According to the AAA survey of the American motorists' organization, the average retail price of unleaded gasoline at gas stations across the United States on Tuesday was $3.607 per gallon, up 0.4 cents. The average retail price of diesel fuel was $4.244 per gallon, up 0.1 cents, continuing to hit a record high

in many parts of the United States, especially California and Hawaii, the average retail price of gasoline has exceeded $4 per gallon. In the face of rising gasoline prices, President Bush believes that one of the main reasons for the high price of gasoline is that the growth of global oil production cannot keep pace with the growth of demand. However, Peter Voser, treasurer of Royal Dutch Shell, said at the reception on Tuesday that the near record high oil price contains an investment component, and there is sufficient supply in the world market

analysts generally expect us crude oil inventories to increase. Seven analysts of Dow Jones Organization estimated on average that the U.S. crude oil inventory increased by 1.1 million barrels last week, of which six estimated that the U.S. crude oil inventory increased by million barrels, and one estimated that it decreased by 2million barrels; The average estimated gasoline inventory decreased by 500000 barrels, of which 6 people estimated a decrease of 10000 barrels and 1 person estimated an increase of 1million barrels; The average estimated distillate stocks did not change

Reuters survey average shows that as of the week ended April 25, the U.S. commercial crude oil inventory increased by 1.2 million barrels compared with the previous week, gasoline inventory decreased by 600000 barrels, and distillate oil inventory increased by 100000 barrels

according to the latest monthly report released by the US energy information administration, the average daily demand for refined oil products in the United States in February was 1978.2 million barrels, down 1.5 million barrels, down 7% from January and 4.8% from the same period last year. This is the lowest oil demand in the United States since May 2003, and the lowest oil demand in February since 2002. U.S. oil demand was the lowest year-on-year since December 2001. This means that record high oil prices have had a significant impact on oil demand in the United States, the world's largest consumer. In addition, the warm climate in the United States in February also reduced the demand for oil. The U.S. energy information administration estimated that the number of days to adapt to temperature for heating nationwide in February was 11.7% lower than the same period last year

according to the US energy information administration, the average crude oil purchased by US refineries in February was US $88.66 per barrel, 62.9% higher than the same period last year. The average retail price of regular gasoline in that month was $3.028 per gallon, 32.9% higher than the same period last year. In February, the average gasoline demand in the United States was 8.842 million barrels per day, 2% lower than the same period last year, which was also the lowest gasoline demand in the same period since 2004. Since the fourth quarter of 1990, gasoline demand in the United States has declined year-on-year for the first time for three consecutive months

the demand for distillate oil in the United States in February was 4.251 million barrels, a decrease of 7.6% over the same period last year, the lowest in the same period since 2005. Last February, the demand for distillate oil reached the highest level since 1979

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