The hottest September 2 oil price rises and falls

On September 2, the oil price fluctuated sharply, and the xylene market watched carefully

Asian market:

on September 1, the Asian xylene market fell slightly, and the negotiation atmosphere was cold; The market closed at USD/ton (CFR main port of China), down 5 USD/ton from the previous trading day

domestic market:

on September 1, the domestic xylene market weakened, with general trading. Sinopec (600028) East China xylene quotation is stable: Jiujiang Petrochemical, Zhenhai Refining and chemical, Jinling Petrochemical all implement 6600 yuan/ton; Sinopec (600028) South China xylene quotation: Guangzhou Petrochemical implements 6550 yuan/ton, Maoming Petrochemical implements 6450 yuan/ton

East China:

on September 1, the xylene market in East China was weak, and Chengdu development also tended to the Internet of things, 5g and augmented reality, with limited product varieties and performance. In the morning, the mainstream quotation of solvent grade xylene in Zhangjiagang was about 6500 yuan/ton (out of the tank), and the mainstream quotation of isomeric grade xylene was about 6550 yuan/ton (out of the tank), so the market negotiation atmosphere was cold; In the afternoon, the mainstream transaction price of solvent grade xylene in Zhangjiagang was about 6450 yuan/ton (out of the tank), and the mainstream transaction price of isomeric grade xylene was about 6500 yuan/ton (out of the tank). The market was weak and the transaction was limited

South China:

on September 1, the xylene market in South China fell, and the negotiation atmosphere was flat. In the morning, the mainstream quotation of solvent grade xylene in Shatian, Guangdong Province was about 6700 yuan/ton (out of the tank), and the mainstream quotation of isomeric grade xylene was about 6800 yuan/ton (out of the tank). In the market and policy, medium and high nickel products should adapt to different utilization platforms and different voltages, and the market negotiation atmosphere was flat; In the afternoon, the mainstream transaction price of solvent grade xylene in Shatian, Guangdong was about 6600 yuan/ton (out of the tank), and the mainstream transaction price of isomeric grade xylene was about yuan/ton (out of the tank). The downstream demand was not strong and the trading was not smooth

closing price of crude oil futures:

name

price

rise and fall amount

rise and fall range

date

WTI

73.91 US dollars/barrel

↑ 1.99

↑ 2.77%

2010.9.1

Brent

76.35 US dollars/barrel

↑1.71

↑ 2.29%

2010.9.1

market trend analysis:

after the collapse of crude oil futures, the domestic xylene market was weak and transactions were sluggish on September 1. The closing price of crude oil futures rose sharply on September 1, and the domestic xylene market is expected to stop falling and stabilize on September 2; In addition, oil prices have fluctuated greatly, and market participants have suffered from it. It is expected that the transaction will not improve significantly on September 2, mainly on a cautious wait-and-see basis

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