Crude oil is expected to steadily move up even the plastic is still strong
Tuesday (January 5) Dalian plastic (LLDPE) futures extended early New Year’s first trading day rally, the major 1005 contract opened at 12.72 thousand yuan / ton, to close at 12.66 thousand yuan / ton, up 12,745 yuan / ton, the lowest 12.62 thousand yuan / t, to close up 25. However, the weak demand side is still a significant resistance to the market upward.
The New York Mercantile Exchange (NYMEX) crude oil futures higher on the 5th. 6, the Energy Information Administration released the latest U.S. inventory data for crude oil and fuel oil before the oil market was quiet. However, as investors in the U.S. oil and fuel inventory data were cautious ahead of the oil price’s rise is less than the first few trading days. The New York Mercantile Exchange in February light sweet crude oil futures settled up 26 cents, to 81.77 U.S. dollars a barrel, or 0.3%. ICE Futures Brent crude futures rose 46 cents to 80.58 U.S. dollars a barrel; February RBOB gasoline futures rose 2.29 cents to 2.1273 U.S. dollars per gallon, or 1.1%. February heating oil futures contract settled up 0.36 cents to 2.1941 U.S. dollars per gallon, or 0.2%.
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