Softening Crude Oil Will Continue To Shock Pressure Plastic Or - Plastic, Lldpe-plastics Industry

Dalian, June 24 Plastic ( LLDPE ) Higher volatility in futures contracts

, 909 contracts main morning slightly higher open at 9,700 yuan / ton, after trading on the price remain at the top of a narrow range of 23 settlement price volatility, intraday price volatility ranges from 9,670 yuan / ton to 9,750 yuan / ton between the end to close at 9,735 yuan / ton, compared with 23 settlement price closed up 75 points, or 0.78%. Japanese K Line to close at small Yang Xian, to remain under pressure in the short-term average system. Volume slightly decreased, the day a total of 165,364 transactions hand, 926 hand positions to increase to 99,498 hand. Crude oil futures closed lower on the 24th, because there are indications that, by Economy Recession affecting the United States Oil Demand will remain weak. L LDPE Or will continue to shock.

The New York Mercantile Exchange (NYMEX) crude oil futures closed lower on the 24th, because there are signs that the recession affecting the U.S. oil demand will continue to be weak. August crude oil futures settled down 0.57 U.S. dollars, or 0.82%, to 68.67 U.S. dollars a barrel, day trading range in the 68.06 to 69.86 U.S. dollars. London, August Brent crude oil futures fell 0.47 U.S. dollars, or 0.68%, to 68.33 U.S. dollars a barrel, day trading range in the 67.58 to 69.31 U.S. dollars. July RBOB gasoline futures fell 5.07 cents, or 2.68%, to settle at 1.8425 U.S. dollars per gallon, day trading range between 1.8390 to 1.8738 U.S. dollars. July heating oil futures fell 3.09 cents, or 1.75 percent, at 1.7381 U.S. dollars per gallon, after trading between 1.7343 to 1.7780 U.S. dollars in trading.

Global Man Financial (MFGlobal) Energy MikeFitzpatrick vice president, said after nearly 2 months after the rise in the market during the last 10 days has been in a consolidation pattern. Investors began to realize that the fundamentals do not support such high oil prices.

The Federal Reserve to keep interest rates unchanged 24, also said the economic downturn slowed down, inflation will continue to be controlled within a period of time. Fed officials did not like last time, as mentioned in the statement the risk of low inflation, deflation, which means that they are no longer regarded as risk factors. Investors often hedge against inflation as oil and other commodity risk instruments.

Crude oil prices have doubled in price since the beginning, but due to continued weak demand, oil prices rally stalled this month. 24 U.S. Department of Energy reported aggravated fears, because the report showed oil demand last week, down 110 million barrels. Speed up the production as refineries, gasoline inventories fell in the period should rise.

U.S. Energy Information Administration (EIA) released Wednesday, U.S. crude oil inventories fell 380 million barrels a week to 3.539 million barrels, to reduce the estimated 100 million barrels, gasoline stocks increased 390 million barrels to 2.089 million barrels, forecast to increase 130 barrels. Week, distillate stocks increased 210 million barrels to 1.521 million barrels, for the January 8, 1999 to the highest of the week is estimated to increase 80 million barrels. Refinery utilization rate jumped 1.2 percentage points to 87.1%, expected to increase by only 0.1 percentage points.

by: gaga

POST COMMENT

Opiate Detox: a Growing Solution for a Growing Problem Pueraria Mirifica Bust Enhancement Offerings Get More From Your Ethernet Cables Passing a Royal Heirloom to Kate Middleton Try A Natural Diuretic to Relieve Fluid Retention Why are inexpensive eyeglasses so cheap? He's Become Distant – How to Get Him Closer to You Again Steiff Teddy Bears Tianjin Teda: Technical Superiority + Price Advantage - Non-woven Fabrics - Filtration And Princess Diana's Passion for Jewelries Event Planning - Six Things To Look Out For When Planning The Occasion Itinerary Releasing The Anchor Of Pain Solving Foundation Problems With Helical Piers