International Crude Oil Futures Hit A Month Low

< p > most of the international futures market continued to fall, of which the crude oil hit a month low, the period was higher, a href= "http:// www.sjfzxm.com/news/index_c.asp" > metal < /a > ups and downs, agricultural products [-0.22% Capital Research Report] undertook the weak.

Some analysts said that the minutes released by the Fed today did not imply that they would raise interest rates earlier, while the US dollar index fell to about a week low.

In the short term, the market will continue to differentiate.

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< p > > a href= "http:// www.sjfzxm.com/news/index_c.asp" > the Fed's < /a > conference records show that if certain economic conditions remain positive, the Federal Open Market Committee (FOMC) may conclude its debt purchase plan after the October meeting.

Many members hope to end their portfolios and Reinvestment after raising interest rates for the first time.

The minutes of the Fed's meeting also reiterated its position that inflation in the United States is expected to remain below the target of 2% in the next few years.

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< p > New York oil prices went down on Wednesday. The us a href= "http:// www.sjfzxm.com/news/index_c.asp" > crude oil < /a > price dropped more than 1 US dollars. Because of weak U.S. gasoline demand, Brant crude oil futures also went down, due to the resumption of production in Libya oilfield.

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The US energy data association reported that the US gasoline inventories increased by 579 thousand barrels last week. Analysts who Reuters surveyed expected to reduce 217 thousand barrels, which surprised analysts.

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< p > after the demonstrators ended the four month strike, Libya's 340 thousand barrels of crude oil, El Sharara, resumed production, which could double the country's current oil production.

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< p > Brandt crude futures fell $0.66, closing at $108.28 a barrel, hitting a month low of $108.14.

Brent crude dropped eighth days, the longest decline since May 2010.

US crude oil futures fell 1.11 U.S. dollars to close at $102.29 a barrel, hitting a low of 102 US dollars in the session.

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< p > under the background of rapid pull-up of polyester raw materials in June, polyester load had a certain decline. Among them, the bottle factory was the largest proportion in the limited production team due to the obvious loss, and the lowest pet load fell to 72% in the same month.

From the maintenance plan, the polyester plant expects to restart 1 million 90 thousand tons in July, with 650 thousand tons of shutdown and maintenance, and 800 thousand after July. It is estimated that the start-up load will be maintained at less than 75%.

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< p > after mid June, the production and sale of polyester filament gradually declined. In July, the average production and sales were only five or six, and the weekend production and sales were mostly around two or three. The weakness of polyester market was obvious.

From the end of May up to now, the rate of start up of the downstream weaving and weaving has been decreasing, especially in July. In some areas, it has dropped by 25% compared with the end of May.

The stock of polyester products has increased significantly in recent years, weaving inventory is also at a high level, and polyester enterprises do not increase load dynamics.

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< p > overall, the dynamic oversupply of PTA starts in late July, but the short-term growth rate is limited and much in the hands of PTA big enterprises. For the 1409 contract, speculation will be short or will be faced with the dilemma of no delivery.

In contrast, the PTA1501 contract is expected to bear the pressure of PX, PTA capacity growth, demand decline, inventory rebound and other pressures. High cost and low inventory have already appeared, and the market outlook is expected to start a new downward trend.

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