Promoting the meta exchange rate to six weeks to boost

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Promoting the meta exchange rate to six weeks to boost

2023-06-23

This week, due to the Federal Reserve's hints that the future interest rate hike operation may weaken, the US dollar exchange rate has fallen to six weeks, and some institutions believe that the risk of banking industry will have limited impact on demand, and Russia plans to reduce production until June. International crude oil will be reduced. International crude oil will be reduced. International crude oil will be reduced. A strong rebound, as of March 22, the price of WTI was $ 70.90/barrel, an increase of 4.87%from March 15; Brent prices were $ 76.69/barrel, an increase of 4.07%from March 15.


 

However, the trend of the market trend in the market this week has shown a comprehensive decline. Before the draft, the mainstream market price of the industrial carbon-coarse aromatic hydrocarbons fell by 60-150 yuan/ton to 5400-5770 yuan/ton. 5950-6050 yuan/ton, East China fell 350 yuan/ton to 5900-5950 yuan/ton, and South China fell 250 yuan/ton to 6250 yuan/ton. Industrial carbon nine aromatics also ushered in a decline this week. East China has fallen to 6600-6990 yuan/ton, and South China has fallen to 6,350 yuan/ton.

 

 

Judging from the analysis reasons, although the international crude oil price has rebounded as a whole this week, the level of the early period of last week has not been resumed, and the sharp decline in the early stage of crude oil affects transmission to heavy aromatics and downstream markets. The price has declined, the market has strong mood, and the procurement of raw materials for cutting enterprises has maintained a rigid demand.


 

In terms of the finished product market, the price of gasoline and diesel in Shandong independent refineries has declined this week. (92#8301, a month-on-month -97 or 1.16%, year-on-year -1124 or 11.93%; 0#7446, a month-on-month -85 or 1.13%, -897 or 10.75%year-on-year). The oil market in Shandong has a weak downward settlement. Although the transaction performance of large -position liquidation is better during the cycle, the transaction price has fallen higher than the previous stage.


In summary, although the news of crude oil rebound has brought good support, the downstream market price has fallen, and the profit of the cutting plant has fallen seriously, and even inverted.


From the perspective of the market, international crude oil or survival space, but the decline in terminal prices has led to a weak downstream high -boiling aromatics solvents and trianglene transactions, rising inventory, decline in cutting corporate profits or even inverted. Next week, there may still be a narrow range of industrial carbon -based aromatic hydrocarbons markets. Crude oil futures trend and downstream market shipments are still focusing on the market.

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