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Real-time News
The energy and chemical sector saw a collective decline. The main contract for low-sulfur fuel oil (LU) fell over 8%, currently trading at 4691 yuan/ton; the main contract for fuel oil fell over 8%, currently trading at 3610 yuan/ton; the main contract for styrene (EB) fell sharply by 4.00%, currently trading at 8608.00 yuan/ton; the main contract for PTA fell sharply by 4.00%, currently trading at 5550.00 yuan/ton; the main contract for methanol fell sharply by 4.00%, currently trading at 2828.00 yuan/ton; and the main contract for benzene fell sharply by 4%, currently trading at 7471 yuan/ton.The energy and chemical sector saw a collective decline. The main contract for low-sulfur fuel oil (LU) fell over 8%, currently trading at 4691 yuan/ton; the main contract for fuel oil fell over 8%, currently trading at 3610 yuan/ton; the main contract for styrene (EB) fell sharply by 4.00%, currently trading at 8608.00 yuan/ton; the main contract for PTA fell sharply by 4.00%, currently trading at 5550.00 yuan/ton; the main contract for methanol fell sharply by 4.00%, currently trading at 2828.00 yuan/ton; and the main contract for benzene fell sharply by 4%, currently trading at 7471 yuan/ton.Bank of Japan: Bank of Japan policy board member Naoki Tamura will replace Kazuo Ueda at the Jackson Hole meeting and will not be given an interview opportunity to the media.Futures News, August 26th: Crude oil prices fell for two consecutive days, leading to a bearish sentiment in the fuel oil market. Traders are adopting a wait-and-see approach, with fears of further declines gradually intensifying. While news is unstable, tight supply of some fuel oil products is supporting prices. The market is experiencing a tug-of-war between upstream and downstream players, and todays trading is expected to be partially stable with some areas seeing slight declines to adjust volume.A preliminary agreement on temporary shipping routes across the Taiwan Strait is expected to be reached. International crude oil prices are trading at low levels. A chart provides a quick overview of the pre-market crude oil prices converted between domestic and international markets.
