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October 31 2008 daily express oil market by zyzy wang
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October 31 2008 daily express oil market |
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Business,Business News,Business Opportunities
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Quick report care preparations International three-weighted (10 30)
Weighted onto the day today, the weighted causes of the charge fluctuation within the rate of charge adjustment
Gasoline 65.165 64.358 64.002 59.553 4.449 7.47%
Diesel 84.732 83.207 83.022 57.252 25.770 45.01%
Consolidated 31.73% [Singapore International Market Review] Naphtha / Gasoline: charities Thursday candle distillate dot costs inside Asia escalated behind the international
Crude Futures costs higher. Still face diluted naphtha market, sluggish appeal due towards cheaper end-user is immobile the sidelines.
Traders remarked marketing India's Bharat Petroleum canceled pair boats per ship 30,000 tons from the low-Mumbai
Aromatics Naphtha cargo tender, due within the direction of low bids.
They commented pair shipments were sanctioned Nov. 23-27 and Dec. 20-25 day shipping.
Singapore naphtha dot market dealing is motionless not reached.
12 inside the direction of consign the Japanese fitting halves of the month frank specification naphtha charged 345 U.S. dollars / ton, upward costs upward 31 U.S. dollars / ton.
12 half of the month / December for the second half of the divergence between the -15 half dollars / ton.
Gasoline market, off-season due towards seasonal demand, the petrol market weakness.
However, the petrol market was relatively mighty likened with a diagram of of the naphtha market, as dot dealing activity.
Company towards 72.70 U.S. dollars today, Victor / canister with a seal marketing pricing of a November 19-23, 97 # gasoline cargo transported within the direction of Shell.
Inventory, Singapore light distillate inventory storeys down from 2 weeks ago, but later its stock may increase, due towards diluted appeal inside Asia naphtha.
According within the direction of authorized statistics, as of October 29th week, Singapore's onshore warehouses of fuel and naphtha dissolved three million chests towards 946.9 million barrels.
Diesel / Jet Fuel: Thursday distillates inside Asia tailed site charges rising worldwide crude oil futures prices.
However, diesel and aviation fuel charges forgo location premium, due towards all right supply within Asia.
Latest official merchandise and mathematical emerge that, as of October 29 the week of the Singapore Land distillates furnishes beaten a novel big horizontal of 1348.3 million barrels, due inside the direction of diluted appeal within China and Vietnam and the Asian region maintained rambling supply.
This is already within distillates stores beaten a register third moment within three weeks of big level, and may motionless continue the high level, due inside the direction of China, Vietnam and Indonesia, watered down demand.
Spot market, prospering monetary team towards the Singapore site charge -2.70 USD / chest cost from Shell towards reward for 15 million drums within November 20-24 filling of 0.5% sulfur content of diesel cargo.
Same time, the company ConocoPhillips towards -2.60 USD / chest charges for the photocopy budget within November 14-18 diesel cargo shipment.
Victor Company from Shell towards -2.50 USD / percussion tool charged within the direction of purchase 10 million drums within November 14-18 cargo shipment of aviation fuel.
Sulfur diesel site cost rose 4.80 U.S. dollars / barrel, inside the direction of 77.35 U.S. dollars / barrel. Jet Fuel spot charges of 4.30 U.S. dollars / barrel, towards 80.95 U.S. dollars / barrel.
Tender news, traders said, China Aviation Oil (Singapore) has been portion of the company's recent salary for loving award, in which the selling cost FOB cargo of 11 monthly heartless cost discount 1.50-2.00 U.S. dollars / barrel.
CFR Shanghai cargo consigned the purchase cost premium of approximate 1.60-2.00 U.S. dollars / barrel, the criterion pricing maintains onto the November central price.
CAO in his two invitations Buying totaling 352,000 tons of aviation petrol shipments in December and has ended a worst one-third of its appeal task.
[Review of the living market] [South China Market] (including: Guangdong, Hainan)
Thursday (October 30) South China market, shipments of smuggled oil costs complex towards drop, swapping strong, pump regulation selling, not anything one meaningful deductions in the national benchmark ships attach towards the end of Main step-by-step into the end of checkout stage, during the belief market of foreign wholesale charges for diesel are particularly stabilized, exclusively Dongguan oil market due towards low insist principle GB smuggling oil sales, the transaction upward on petrol and diesel Sinopec in the direction of tempo Budie.
Early slouch in worldwide oil costs in the direction of living oil wholesale and retail end of an upside down situation, while refineries possess rallied refining, cultured oil wholesale market and resources, costs fall, wages boundaries of retail gas place also shall expand. Close towards the end of October, Sinopec stores are projected countrywide fuel and diesel is approximately 4.5 million tons, merely towards realise within two months Sinopec down library 900,000 tons, and Guangzhou, Chongqing and other continent some of the cultural retail price of petrol and diesel stations possess cheaper prices.
Followed, household cultured oil charge machinery of, insiders stated that the reorganise oil cost equipment can not simply emphasize with the international market, because the realtime international market of perfected oil charge equipment is not heavenly the worldwide oil price is very rational, fully finance-based, and this time amalgamated with the global open market, oil charges shall inescapably happen with the ups and downs of global oil prices, oil manufacturers for the town and most of all consumers, its price unsteadiness will lead in the direction of evil communal impact. At the matching time that China's sweetened oil charge equipment reform, not controversial, but in a way in line with worldwide standards is critical. He advised that the latest leadership of enhanced oil pricing processes towards the global oil market adjustments and persist the same trend, but the middle to configuration a filtering scheme to filter out through the mechanism of global oil prices are not rational, not conducive to the volatility of the dwelling market .
Guangzhou market, the principle unit of foreign fuel and diesel wholesale prices stabilized, markdowns small effect. Low sales slip afresh rampant smuggling of oil, no important deductions in the national characteristic shipping, the main unit sales this month, unconvincing figure the measure of Sinopec Guangzhou on the other hand divergent purchasers with divergent discount rate, transaction prices possessed declined underneath the wholesale price of the retail place, the retail gas position usual hefty volume, the relationship user transactions reported to the provincial financial gathering for approval, Petroleum retail and contract customers patron. Industry, said international oil prices exacerbated the market's delay and perceive oscillation mood and lowered prospects for household charities charities Georgia speculation.
Sinopec distribution added to a 70 yuan / ton, the National 93 # gasoline 7400 yuan / ton, 97 # gasoline 7900 yuan / ton, 0 # diesel 6,600 yuan / ton, the National 0 # diesel 6,400 yuan / ton, Oil Country III Oil: 93 # Steam I am a professional writer from China Toys Suppliers, which contains a great deal of information about permanent fabric dye , purell hand sanitizer, welcome to visit!
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