Year1
- 规格：
- 15cm*20cm
- 规格：
- 20cm*30cm
- 规格：
- 30cm*40cm
The Wall Street Journal pointed out that Iran’s confirmation of participating in the OPEC informal meeting in March was regarded as a change in its position. It had refused to participate in the production freeze meeting in March. Iran has regained oil market share in OPEC, pushing up oil prices is beneficial to it, but Longstanding political hostility between Saudi Arabia and Iran could still hamper any deal. However, the surge in U.S. crude oil inventories has once again ignited supply concerns in the oil market. U.S. gasoline futures ended slightly higher, the only bright spot in the oil market, after multiple refinery failures and investors worried about the possibility of a hurricane hitting the U.S. Gulf of Mexico. U.S. Gulf Coast gasoline inventories rose to their highest seasonal levels in years. Oil prices have mostly strengthened over the past two weeks on speculation that OPEC could impose a production freeze. Crude oil futures this month have entered a bull market from a bear market, as investors speculate that they will reach an agreement with non-oil-producing countries led by Russia on a production freeze at the Algeria meeting next month, and worries about oversupply in the oil market have eased. Analysts said, "As before, I don't expect much progress at the OPEC monthly meeting, or even no progress at all." An agreement to freeze crude oil production will be difficult to maintain because of the difficulty in maintaining penalties for overproduction. We firmly believe that the current market risk will be to the downside because fundamentals remain bearish. Analysts from the well-known financial blog Zero Hedge pointed out that the news that Angola replaced Saudi Arabia as China's largest crude oil supplier also lowered oil prices. This may stimulate Saudi Arabia to further increase production to regain its share, or it may make Saudi Arabia less willing to freeze production.
Worries about deleveraging hit commodities hard, and black futures closed down across the board
On Thursday (Month), the domestic futures market continued its overnight decline, with black futures almost all closing down, with agricultural products, nonferrous metals and other sectors All performed sluggishly, with cotton falling by more than %, nickel falling by more than %, iron ore falling by nearly %, and coking coal and coke all falling by more than %. Market participants pointed out that the policy intention of financial deleveraging has caused concerns and commodities are under overall pressure. Nanhua Futures released a report on Wednesday saying that the People's Bank of China has restarted repurchase inquiries after half a year. In addition, the interest rate on treasury fixed deposits has been raised for the first time in a year. It can be seen that the People's Bank of China currently has no intention to increase its currency release. This There may be some pressure on steel prices. At present, the absolutely low inventory of steel, the continued advancement of the overcapacity reduction policy, and the continuous increase in costs will support steel prices. However, peak season demand has not yet been falsified, and the long-short game at the current price level is intense. Regarding the black industry, the two ministries and commissions issued a special inspection work plan for the energy consumption of the coal industry. It is difficult for coal companies to adjust the working day policy in the short term. The special inspection may accelerate the reduction of overcapacity and the increase in crude steel production in Shandong and Hebei has driven iron ore imports to a record high. On Wednesday, the People's Bank of China restarted repurchases in the open market after half a year. While replenishing liquidity, the extended maturity also triggered market concerns about the central bank's monetary policy shift and its intention to reduce leverage. According to sources quoted by Reuters on Thursday, the People's Bank of China convened a meeting of major large banks to discuss liquidity management issues. The People's Bank of China requires large banks to reasonably match the lending terms of funds and encourages loaning out by terms. The People's Bank of China said the overall tone of monetary policy remains unchanged. Strategists said market sentiment may have cooled due to concerns about regulators clamping down on debt market leverage. Schroders Investment Management said that the People's Bank of China's recent provision of slightly longer-term funds through reverse repurchase operations should be seen as an effort to maintain sufficient liquidity, but this move may also have a certain impact on curbing leverage. .
WhatsApp
