EUR/USD
1.15363
-0.044%
Gold
4390.16
0.507%
Oil
82.656
0.573%
USD/JPY
159.342
0.028%
GBP/USD
1.35025
-0.035%
GBP/JPY
215.156
-0.007%
Real-time News
According to JLC Network Technologys calculations, as of the eighth working day on August 12th, the change rate was -7.86%, with the average price of benchmark crude oil at $82.01 per barrel. Domestic gasoline and diesel prices decreased by 290 yuan/ton. The next price adjustment window is at 24:00 on August 14th. 1. Shandong Local Refineries: Yesterday, industry players were cautious about chasing higher prices. Local refineries failed to achieve production and sales balance for gasoline and diesel. However, international crude oil prices continued to rise, and local refinery inventories remained low, which is expected to support a stable market for refined oil products in Shandong today. 2. East China: On Wednesday, crude oil prices continued to rise, with positive news. It is expected that gasoline and diesel prices in East China will continue their steady upward trend today, with downstream buyers maintaining small-volume, just-in-time orders, resulting in a quiet trading environment. 3. South China: On Wednesday, international crude oil prices continued to rise, supported by positive news. It is expected that gasoline and diesel prices in South China will maintain an upward trend today, with end-users remaining cautious about chasing higher prices, resulting in a stable trading environment. 4. North China: Crude oil prices rose amid sharp fluctuations on Wednesday. It is expected that gasoline and diesel prices in North China will remain firm at high levels, with some prices trending upwards. Continued crude oil supply risks are supporting oil prices, while weak demand and declining acceptance of high-priced resources are causing traders to operate cautiously, awaiting further market developments. 5. Central China: Crude oil prices continued to rise on Wednesday, further boosted by positive news. It is expected that gasoline and diesel prices in Central China will remain firm today. However, with rising oil prices, downstream buyers risk aversion is increasing, and market transactions may not see a significant increase.On August 12th, Min Kyung-seop, head of the Innovation and Growth Office at the South Korean Ministry of Finance, stated on Tuesday that South Korea expects to allocate 600 billion to 1 trillion won (approximately US$707 million) in new funds next year to a new sovereign wealth fund targeting strategic industries such as AI. The final investment amount may exceed initial expectations, depending on the specific targets and their funding needs. Min Kyung-seop stated that there are currently no plans for the fund to directly invest in Samsung Electronics and SK Hynix. In July, the South Korean government announced the establishment of a new "Strategic Industry Investment Account" under the Korea Investment Corporation (KIC), with initial funding of at least 20 trillion won (approximately 94 billion yuan). Investment targets include AI, semiconductors, data centers, and core companies in overseas supply chains. The plan is to formally establish and operate this "South Korean version of a sovereign wealth fund" next year. Min Kyung-seop indicated that the fund will also target infrastructure such as robotics, energy and batteries, and power grids, with nuclear energy, space, and quantum technology also under consideration.Market uncertainty remains regarding the resumption of shipping through the Strait of Hormuz. International oil prices fluctuated and rose slightly. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.As of 8:30 AM Beijing time, spot platinum rose 0.05%, and spot palladium rose 0.15%.According to Al Arabiya TV: Sources say a drone attacked the Zawiya power plant in Libya.
