综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Fuel oil futures price records

By Wang Lan (China Daily)
Updated: 2007-10-20 10:18

Fuel oil futures contracts were pushed up high by the surging crude oil prices in the global market.

Prices of fuel oil futures for delivery in November on Shanghai Futures Exchange, SHFE, rose 0.51 percent to close at 3,723 yuan per ton on Friday. In the past several days, the fuel oil futures price has jumped a total of 2.8 percent, hitting the record high of 3,770 yuan on Tuesday.

Related readings:
Fuel oil futures trading robust

After climbing an aggregate 10 percent in a week, the benchmark crude oil futures price on the New York Mercantile Exchange yesterday surged to a record high of $90.02 a barrel before falling back slightly to $89.28.

Traders attributed the latest price hike to renewed worries about widening supply gap and the further devaluation of US dollars.

Analysts said the worry about the declining stockpile of crude oil in world markets has intensified. Nagging Middle East tensions continued to support the upward trend and the further devaluation of US dollars drove the price beyond the $90 psychological barrier for the first time.

Cai Lei, an analyst at Great Wall Futures Co, said an increasing chunk of hedge funds capital have began to seek refuge by buying crude oil, as the US dollar was expected to continue to decline. "The increasing need for heating oil as the winter approaches also help lift the oil prices," Cai added.

"The rising trend of crude oil will continue to be reflected in the fuel oil futures price on SHFE, as the domestic market is closely keeping pace with the global one," said Lin Hui, an analyst at a futures company of Orient Securities. But analysts said fuel oil futures in the domestic market would not see wide fluctuations because the prices of spot fuel oil products are controlled by the government.

It is widely expected by analysts that fuel oil futures in domestic market to hover around 3,700 yuan per ton in coming days.

Some analysts also expected that there would be a recovery in refining capacity in the global market, as world refiners are trying to bring new plants in operation next year. This could mitigate the increase in the prices of fuel oil and other downstream products, analysts said.


(For more biz stories, please visit Industry Updates)



同仁县| 乌兰察布市| 喀喇| 大名县| 洛阳市| 德阳市| 德钦县| 措勤县| 三原县| 璧山县| 安福县| 拉孜县| 郁南县| 南充市| 定州市| 获嘉县| 乾安县| 阳春市| 大港区| 栖霞市| 隆子县| 济宁市| 肃宁县| 石台县| 丹江口市| 福海县| 伊宁县| 壤塘县| 青神县| 遂川县| 涟水县| 图木舒克市| 安泽县| 宝坻区| 河池市| 山阴县| 厦门市| 翁源县| 青河县| 新昌县| 东至县|