EUR/USD
1.17388
-0.011%
Gold
4334.60
-0.085%
Oil
56.190
-0.894%
USD/JPY
155.770
0.053%
GBP/USD
1.33652
-0.069%
GBP/JPY
208.194
-0.009%
Real-time News
On December 18th, PTA prices initially fell before rising this week, primarily due to a rebound in crude oil prices. Easing tensions between Russia and Ukraine and an oversupply of crude oil caused Brent crude to fall to a near four-year low, negatively impacting the PTA market. However, Trumps order to blockade oil tankers in a South American country led to a rebound in European and American crude oil futures from their near four-year lows. This week, the PTA supply and demand situation remained relatively stable, with PTA operating rates stable and downstream demand slightly recovering due to the commissioning of 300,000 tons of new polyester capacity. Next week, a 2.2 million-ton PTA plant in East China is scheduled to restart. Attention should be paid to the impact of the South American geopolitical situation on crude oil prices, as cost support is expected. A slight increase in PTA prices is anticipated in the short term.On December 18th, the overnight SHIBOR was 1.2730%, down 0.20 basis points; the 7-day SHIBOR was 1.4260%, down 0.20 basis points; the 14-day SHIBOR was 1.5820%, up 11.10 basis points; the 1-month SHIBOR was 1.5500%, up 0.90 basis points; and the 3-month SHIBOR was 1.6030%, up 0.20 basis points.On December 18th, silver prices broke through $66 per ounce for the first time on Wednesday, with a year-to-date increase of nearly 130%. A new round of price surge that began that day propelled its price up by more than 4%, bringing silvers total market capitalization to $3.75 trillion, surpassing AI giant Google to become the worlds fourth-largest asset, after gold, Nvidia, and Apple.Venezuelan President Nicolás Maduro said on Wednesday that Venezuela will continue its oil trade despite US President Donald Trumps order to block oil tankers entering and leaving the country.Sources say Qatar has lowered its February Al-Shaheen crude oil price to a premium of 53 cents per barrel over Dubai quotes.
