Sina Finance News On November 20, the futures market fell all the time today, and crude oil was weak and volatile. It hit a new low in the session, dragging down the collective decline of chemicals. The black series also performed poorly today, with rebar and coke plummeting, leading the market down, and rebar hit a new low in April. In the session, only gold and eggs performed fairly well. Gold has been rising for five consecutive days, and eggs have remained high and strong, rising nearly 2% at the end of the session.
Ranking of futures increase Futures growth ranking: Egg Zhang 1.39%, Zheng You 0.68%, Hujin 0.31%, and Glass 0.08%.
Futures decline ranking: coke fell 3.62%, thread fell 2.86%, Zheng Chun fell 2.73%, PTA fell 2.66%, rubber fell 2.42%, PP fell 2.31%, and crude oil fell 2.11%.
Ranking of futures decline PetroChina: Non residential natural gas rises by 20% to 40% at the benchmark gate price
In order to cope with the tight supply and demand of natural gas this winter, PetroChina started to organize all regions to sign a supplementary agreement on the purchase and sale of natural gas in August. The content of the supplementary agreement shows that there is no adjustment to the price of residential gas valve stations in the heating season, and the price of non residential gas valve stations varies according to the different gas sources. The price of controlled gas (domestic conventional gas, imported pipeline gas) will rise by 20% on the basis of the standard valve station price, and the price of non controlled gas will rise by about 40%.
The Department of Raw Materials Industry of the Ministry of Industry and Information Technology organized a symposium of six rare earth groups
According to the website of the Ministry of Industry and Information Technology, on November 15, 2018, the Department of Raw Materials Industry of the Ministry of Industry and Information Technology organized a symposium of six major rare earth groups in Nanning, Guangxi. Luo Tiejun, inspector of the Department of Raw Materials Industry of the Ministry, presided over the meeting, and representatives of China Nonferrous Metals Industry Association, six major rare earth groups and other units attended the meeting.
The delegates discussed the current policies such as total rare earth production control, resource tax, environmental protection standards and the industry development trend in 2019. The representatives believed that the total amount control system of rare earth production had played a positive role in regulating the production and operation behavior of enterprises. However, with the diversification of rare earth resource supply and the increase of market demand, it was suggested to further increase the total amount control index and improve the management mode; At the same time, it is also suggested to further adjust the industrial standards, resource continuity, import mine management, resource tax and other policies to meet the development and changes of the industry. In the next step, the Department of Raw Materials Industry of the Ministry will carefully study relevant work suggestions, further sort out ideas, and increase efforts in the layout adjustment of rare earth industry, green mining of ionic mines, deep processing and application, so as to promote high-quality development of rare earth industry.
Saudi Arabia pushes for more large-scale production reduction because of anger over Trump's exemption of Iranian crude oil export
When President Trump of the United States asked Saudi Arabia to increase oil production this summer to make up for the supply gap caused by the decline of Iran's crude oil exports, Riyadh quickly told Washington that it would do so.
However, the Organization of Petroleum Exporting Countries (OPEC) and industry sources said that when Trump made a 180 degree turn and generously granted immunity to Iran to export more crude oil to the market instead of reducing the crude oil export of Saudi Arabia's main competitor to zero, Saudi Arabia did not receive any warning in advance.
The source told Reuters this week that Saudi Arabia was angry at the US action, which triggered concerns about supply. Saudi Arabia is currently considering reducing production by about 1.4 million barrels/day, equivalent to 1.5% of global daily supply, together with OPEC and its allies.
"The Saudis felt that they were completely fooled by Trump. They thought Washington would impose very severe sanctions on Iran, so they did their best to increase production. The US side did not give them any hint in advance that the sanctions against Iran would be weakened, "the second source said when talking about the thoughts of officials in Saudi crude oil.
On November 5, the United States announced that it had granted eight countries and regions temporary exemptions to continue to purchase Iranian oil. These eight countries and regions are China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea, some of which are major customers of Iran, a member of the Organization of Petroleum Exporting Countries (OPEC).
Editor in charge: Wu Huazhang
