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TOCOM prices drop on concerns over demand and slumped oil prices

The price of natural rubber futures on TOCOM showed a down trend on April 28, due to crude oil sales in big quantities and waned demand caused by concerns over COVID-19 epidemic.

04-29-2020 14:44:18

China’s spot prices correct downwards on slumped crude

Domestic spot markets corrected downwards on April 14 after soar on April 13 amid plummeted crude prices despite the oil output cut agreement, with prices of PP fiber and propylene inching down.

04-15-2020 16:28:02

Slumped oil price further drags down weak NR market

The natural rubber market was greatly dragged down by the slump in international oil price, with imbalance between supply and demand in the market.

03-11-2020 18:13:59

Shale oil price slumped after surging and bunker oil market moved sideways

Shale oil bidding price has always been an important indicator for heavy bunker oil market. In the last shale oil bidding on November 3rd, the weighted average price of the successful bid surged by CNY1,421/mt to CNY4,376/mt, which astonished the market.

11-20-2017 17:12:57

China October iron ore imports slumped on weak demand

According to the customs data issued on November 8th, China iron ore imports declined to 79.49 million mt in October, while those in September reached 102.83 million mt. China iron ore imports stood at 896 million mt over January-October, 2017, up 6.3% YoY.

11-09-2017 17:08:08

Steel price slumped amid bearish factors

Guidance: Steel price plunged these days amid the unfavorable factors. The futures price (coke, iron ore, etc.) went down with market bearish sentiment.

09-25-2017 17:10:38

Crude price slumped as EIA said US shale oil output would surge in September

On August 14th (Monday), crude closing price slumped as National Bureau of Statistics of the PRC (NBS) statistics showed that China crude processing volume recorded the biggest seasonal decline in July, and EIA report said US shale oil output was to create a new high in September.

08-15-2017 16:42:35

Mixed aromatic imports slumped in May

According to General Administration of Customs of the PRC, during May, 2017, China imported other mixed aromatics of 777,600 mt, declining by 52.73% month on month and down by 35.53% year on year.

06-29-2017 15:46:26

Active wells doubled and production cut seemed uncertain; oil closing price slumped

On April 21st (Friday), as the number of U.S. active drilling wells has increased to more than double of that of the same period last year, the U.S. crude oil output continued to show signs of further growth, offsetting the production for the rebalance of supply and demand.

04-25-2017 08:44:19

Gasoline inventory rise resulted in worries on demand weakening; oil closing price slumped

On April 19th (Wednesday), as confirmed by EIA statistics, the U.S. gasoline inventory recorded an increase but not decline, which resulted in worries on fuel oil demand weakening.

04-20-2017 13:54:14

EIA inventory slumped while U.S. output surged; the oil closing price saw decrease

On April 12th (Wednesday), although EIA latest inventory report said that U.S. crude oil inventory dropped substantially last week, U.S. fuel oil demand maintained at a strong status, as well as USD depreciated, all of which provided support for oil price, which turned out to going down.

04-14-2017 10:08:56

Bunker oil proift widens along with the slumped cost

Recently, international oil price was in downward trend and the gasoline and diesel markets of teapots were also poor, along with which the residual price in North China and Shandong declined to CNY2,750/mt.

03-20-2017 13:44:15

Rebar inventory slumped 5.94% WoW to 7.859 million mt

The national social inventory of steel declined for three straight weeks. According to JLC data, up to March 10th, the national integrated inventory totaled 15.4495 million mt, down by 3.91% from a week ago, of which rebar inventory dropped 5.94% WoW to 7.859 million mt

03-17-2017 09:19:38

The slumped futures price depressed PP price

Sinopec and PetroChina down-adjusted PE prices continuously amid sluggish downstream demand and high PE inventories. PE futures price slumped on March 8th, depressing PE market noticeably.

03-13-2017 17:36:37

What does the slumped PP futures price mean to PP market?

PP demand kept sluggish around the Lantern Festival in February. In spite of the coming boom season in March, the various bearish factors in PP market made some traders cautious, especially that PP futures price declined in mid-February.

02-22-2017 15:09:40

Teapots profits slumped amid diesel plunging

This week, based on the settlement price CNY3,150/mt of light marine crude (density: 0.88-0.90) at Shandong market on October 26th, the theoretical processing profits of teapots settled down by CNY204/mt WoW to CNY196/mt, due to continuous drops of teapots’ products.

10-27-2016 13:50:42

China’s crude production slumped 9.8% YoY in September

According to the data published by National Bureau of Statistics, in September, China crude production declined consecutively and the decreasing range was the same as the previous month.

10-24-2016 17:39:55

Shipping industry slumped in Q3, but has a active expectation in Q4

On October 8th, Shanghai International Shipping Institute published China Shipping Prosperity Report of Q3, 2016 (Report). It showed the operation situations of China shipping companies were serious as a whole.

10-14-2016 17:33:39

China’s fuel oil imports slumped 27.12% to 8.1534 million mt

Up to August, in 2016 China had imported 8.1534 million fuel oil, slumping 3.0334 million mt or 27.12% YoY sharply. Among them, number 5-7# fuel oil took about 98.71% and others took about 1.29%.

10-14-2016 14:52:38

Jet fuel's imports slumped 7.7% MoM in August

According to customs data, in August, China’s jet fuel import volume and export volume were 315,400 mt and 1,126,400 mt respectively, slumping 7.7% MoM and increasing 2.93% MoM separately, but climbing 21.29% YoY and 16.82% YoY respectively.

09-28-2016 17:17:01

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