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On June 15th, it was reported that the secondary market trading price of the Fullgoal ChiNext ETF (ticker symbol: Fullgoal ChiNext ETF; fund code: 159971), managed by Fullgoal Fund Management Co., Ltd., has been significantly higher than its Indicative Indicative Net Asset Value (IOPV), exhibiting a substantial premium. To protect investors interests, trading in this fund will be suspended from the opening of the market on June 16, 2026, and will resume at 10:30 AM on the same day. Redemption services will continue as usual during the suspension period. If the premium in the secondary market trading price of this fund does not effectively decrease on June 16, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for temporary intraday trading suspension, extension of the suspension period, or continuous suspension to warn the market of the risk. Specific details will be announced at that time.June 15th - Lee Hardman of MUFG Bank stated in a report that despite the decline in energy prices following the interim peace agreement between the US and Iran, the yen is unlikely to achieve a meaningful recovery. Short positions in the yen continued to increase ahead of the Bank of Japans policy decision on Tuesday. "The 25 basis point rate hike has already been fully priced in, so its unlikely to trigger a reversal of the yens weakness on its own, thus encouraging further increases in short yen positions," he said. He added that if energy prices continue to fall and bets on US rate hikes decrease, any further intervention by Japanese authorities to support the yen will prove more effective.Reuters calculations show that Indias merchandise trade deficit in May was $28.21 billion (compared to a previous survey forecast of $28.72 billion).The eurozones seasonally adjusted trade balance in April recorded €1.3 billion, the smallest surplus since May 2023.The Eurozones seasonally adjusted trade balance in April was €1.3 billion, compared to €3.5 billion in the previous month.

OPEC Monthly Report: Maintain global economic expectations and raise crude oil demand expectations

LEO

Oct 26, 2021 11:03

GMT+8 On Wednesday (October 13), OPEC published a monthly report showing that despite the rise in oil prices, OPEC is still cautious about oil demand. The 2021 global oil demand growth forecast is lowered by 160,000 barrels/day to 5.8 million barrels/day, and the demand for OPEC crude oil in 2021 is expected to be raised by 100,000 barrels/day to 27.8 million barrels/day.



The OPEC monthly report maintains the global oil demand growth forecast in 2022 unchanged at 4.2 million barrels per day, with an average of 100.8 million barrels per day, and lowers the forecast of oil demand growth in 2021 from the previous 5.96 million barrels per day to 5.82 million barrels per day. /Day, rising natural gas and thermal coal prices will encourage more energy consumption to shift from natural gas to oil. Second-hand data shows that Iran’s September crude oil production increased by 22,000 barrels per day to 2.503 million barrels per day.

The demand for OPEC crude oil in 2021 will be raised by 100,000 barrels/day to 27.8 million barrels/day, and the demand for OPEC crude oil in 2022 will be increased by 100,000 barrels/day to 28.8 million barrels/day.

Second-hand data show that Saudi Arabia’s September crude oil production increased by 139,000 barrels/day to 9.678 million barrels/day, the UAE’s September crude oil production increased by 14,000 barrels/day to 2.789 million barrels/day, and Libya’s September crude oil production decreased by 5 thousand barrels/day. Barrels/day to 1.148 million barrels/day, China’s net imports of petroleum products increased by 1.28 million barrels/day to 11.19 million barrels/day compared with the previous round of statistics.

U.S. net imports of petroleum products increased by 1.01 million barrels per day to 1.53 million barrels per day from the previous round of statistics. India’s net imports of petroleum products increased by 600,000 barrels per day to 4.02 million barrels per day from the previous round of statistics. China's net imports of petroleum products increased by 1.28 million barrels per day to 11.19 million barrels per day from the previous round of statistics.

Maintaining the global economic growth forecasts for 2022 and 2021 at 4.2% and 5.6%, respectively, the global oil demand in 2021 is expected to be 96.6 million barrels per day. (Last month expected to be 96.7 million barrels/day), the 2021 non-OPEC oil supply forecast was lowered by 210,000 barrels/day.

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