Crude Oil Rose 5%! Futures and Nenghua Closed Up in A Large Area!

On the night of July 18th, the domestic commodity market continued the Jedi counterattack during the day, and the pattern of general uptrend appeared again. The crude oil system performed brilliantly and became the vanguard of the counter-offensive.

Among them, fuel oil rose by more than 6%, asphalt, low-sulfur fuel oil, and palm oil rose by more than 5%, coking coal, polyvinyl chloride, rebar, and coke rose by more than 4%, and plastics and liquefied petroleum gas rose by more than 3%.

The commodity futures market closed up on a large scale, and energy chemicals rose sharply. PE rose 1.9%, PE rose 2.18%, PVC rose more than 3.8%, styrene and PTA rose more than 5%, and ethylene glycol rose 3.63%.

As of the close on July 18: In August, WTI rose 5.01 to US$102.6/barrel, or 5.1%; in September, Brent rose 5.11 to US$106.27/barrel, or 5.05%. The market that has been green for a long time has ushered in a "red market" after a long absence! And the increase is not small, it can be said to be "a long drought meets the rain"! The atmosphere is good, and the willingness of downstream replenishment is still quite strong. The big guy gets 5 cars at once, and the applause sounded!