The hottest mainland futures crude oil is reasonab

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Mainland Futures: crude oil should be reasonably adjusted to a higher target

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fuel oil futures on the domestic Shanghai Futures Exchange were affected by the international crude oil market. The main 0812 contract opened at 4230 yuan per ton, peaked at 4273 yuan per ton, and closed at 4270 yuan per ton, with 342428 transactions and positions +2188 to 49330. At present, crude oil shows signs of rebound, waiting for the second correction before buying. Continue to follow the steps of crude oil

Singapore, September 22 (Reuters) - the price difference of Asian fuel oil cracking strengthened to a one week high on Monday, and the inverse price difference expanded. Hainan actively developed agricultural trade with Southeast Asian countries, because demand remained strong but supply was still below the average However, it is expected that the inflow of Western arbitrage cargo in October may increase to about 2.7 million tons, and the cargo arriving in Asia in September is about 2.1 million tons. Traders said that the strong demand in next month will remain active "The demand in October was good... The demand for marine fuel oil was good and the supply was relatively tight." A trader said China's demand has been sluggish, but traders said that driven by crude oil prices, the decline in direct quotations also led the country to buy some ships in the near future* Deal: no deal* Asking price: Vitol quoted the selling price of 380cst cargo on October at US $10.00 per ton premium compared with the Singapore quotation* Purchase price: Xinglong's purchase price of 380cst cargo on October is US $570.00 per ton, and the purchase price of 180CST in the same shipping period is US $5.00 higher than the Singapore quotation The purchase price of 180CST offered by shell is $5.00 per ton of water, and the shipping date is October* Split spread: up nearly $4.00 to a one week high of $7.33

crude oil market analysis

main points and operation suggestions:

point of view: crude oil is expected to fluctuate above $100, because the international economy has been temporarily saved

information collection and editing:

at the close of Wednesday, West Texas light oil November futures on the New York Mercantile Exchange was $105.73 a barrel, down $0.88 from the previous trading day, with a trading range of 104 US $50; November Brent crude oil futures on the London Intercontinental Exchange were $102.45 a barrel, down $0.63 from the previous trading day, with a trading range of 101 94 dollars

the market spread the news that OPEC may reduce production in September. The inventory of crude oil and refined oil products in the United States fell, and the oil market was boosted. The crude oil futures in Europe and the United States rose sharply in the session, and the crude oil futures in New York exceeded $109 in the session. However, the US $700billion rescue plan has not yet been concluded, and the market is taking profits while waiting for the news. At the end of the day, the Atlantic tension test machine was in use, and the onshore crude oil futures fell

the inventory of crude oil and refined oil in the United States declined comprehensively, but due to the unexpected 10.7% decline in the operating rate of refineries, the decline in crude oil inventory was less than expected, while gasoline and diesel inventories fell significantly

according to the statistics of the U.S. energy information administration, the average daily crude oil import volume of the United States last week was 7.1 million barrels, nearly 1.4 million barrels less than the daily average of the previous week. The operating rate of U.S. refineries was only 66.7%, the lowest level since the U.S. Department of energy had statistics, lower than the 69.8% operating rate of refineries after Hurricanes Katrina and Rita three years ago

according to the U.S. Department of energy, as of September 24, all refineries in Beaumont and Port Arthur, Texas, were still closed, accounting for 6% of the refining production capacity of the United States. At least two refineries belonging to ExxonMobil and Valero energy, respectively, have been delayed in starting operations due to lack of water supply capacity. However, most refineries in the US Gulf region affected by Hurricane Gustav on September 1 and Hurricane Ike on September 13 have been under normal operation. There is only one refinery in Houston, Texas and Texas city that has not been started. The U.S. Department of energy reported that a total of 1.23 million barrels of crude oil processing capacity has not been restored. Three refineries in Lake Charles, Louisiana, are still cutting production. Most refineries in central Louisiana are operating normally

according to the statistical data analysis provided by the U.S. energy information administration, gasoline and diesel, which are mainly used for transportation in the U.S. market, fell sharply, which is the main reason for the sharp rise in oil prices on Wednesday. Last week, U.S. crude oil inventories decreased by 1.5 million barrels and gasoline inventories decreased by 5.9 million barrels, a cumulative decline of nearly 40million barrels for nine consecutive weeks, the lowest level since 1967. Meanwhile, the diesel inventory urgently needed by the market fell by 4.5 million barrels

oil prices fell back in the afternoon, and Western media blamed the total oil demand of the United States on being 5.3% lower than that of the same period last year. Zhuo Chuang observed that this is incorrect reasoning. Because U.S. demand data and inventory data were released at the same time, and oil prices rose sharply after the data was released. Zhuochuang believes that the US $700billion rescue plan is still inconclusive, and the market is taking profits while waiting for the news, which is the real reason why oil prices fell in the afternoon on Wednesday

offshore platform operations in the Gulf region of the United States resumed by 37.5%. According to the statistics of the U.S. mining service on Wednesday, 62.5% of the crude oil production and 57.1% of the natural gas production of oil and gas companies in the Gulf of Mexico were closed. This means 812657 barrels of crude oil and 4.22 billion cubic feet of natural gas per day. In addition, statistics also showed that oil companies withdrew employees from 179 production platforms, accounting for 25.8% of 717 named platforms in the Gulf region of the United States. Hurricane Ike was a category 2 hurricane when it made landfall on the coast of Texas on September 13, destroying 23 production platforms. Rumors about OPEC's production reduction in September affected the market atmosphere. Although the global energy research center headquartered in London and the shipping consulting agency headquartered in Switzerland both estimated that OPEC would reduce production in September, zhuochuang still believed that these estimates were not reliable. After the shipping agency petrologistics' forecast was released on Wednesday, the Nigerian oil minister clarified that the unrest in the southern oil producing region had little impact on Nigeria's crude oil production, and the country's daily crude oil production is still about 2million barrels. Petrologistics predicts that OPEC's daily crude oil production in September was 800000 barrels lower than that in August. It is estimated that the daily average crude oil production of 13 OPEC member countries in September is 32.6 million barrels, while the daily average crude oil production in August is revised to 33.4 million barrels. The head of the shipping agency said that OPEC's crude oil supply in August was indeed high, 900000 barrels higher than the same period in previous years. OPEC crude oil supply returned to normal in September. In September, the two largest OPEC oil producers, Saudi Arabia and Iran, saw their output decline. Saudi Arabia's production may reach about 9.5 million barrels per day, while the daily average reached 9.7 million barrels in August. In Iran, daily crude oil production fell by 400000 barrels, and daily crude oil production fell to 4million barrels. The daily output of crude oil in Iraq in September is about 2.2 million barrels, which is lower than that in August. It can be read out visually and can control the gas flow through the box air to be (5000 ± 500) l/min, which is often required to detect 100000 barrels one by one. Nigeria's daily crude oil production may have fallen to 1.8 million barrels, 150000 barrels lower than the daily average in August. In September, Angola's crude oil production may be 2.01 million barrels a day, and Kuwait and the United Arab Emirates are expected to reach 2.65 million barrels a day

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