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  • 2020-06-19 17:25:40
    [Biz info] SunSirs: Fuel Oil Short term or Shock Rebound #Futures#: #fuel oi#l adjusted on Thursday, closing at 1,686 (down 9), adding more than 13,000 positions. OPEC extended production reduction measures, crude oil supply declined substantially, but the market became more worried about the second outbreak of COVID-19, and the market split after the rebound of oil price. The start-up of refineries in the United States and India is still at a low level. The demand for high sulfur fuel oil processing is poor. There is little premium between the inside and outside of refineries. Fuel oil rebounds and fluctuates in a short term or in a volatile way. Attention should be paid to international news, epidemic development and changes in market sentiment.

    Strategy analysis: OPEC's production reduction agreement continues to strengthen the support of low oil price, but the contradiction between supply and demand still exists, the outbreak may rise again, and the crude oil market is under pressure. Short term market differentiation, there is callback pressure, but the range is temporary or limited. Multiple outbreaks of COVID-19 show signs of second recurrence, and slow economic recovery brings medium-term risk of uncertainty. Although the worst stage of crude oil demand has passed, considering the current situation of the global epidemic and the possible adverse impact of Sino US friction on the oil price, crude oil still needs to recover for a long time. If the accumulated reservoir pressure picks up, the oil price has the risk of further exploration.

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  • Started in the year 2009, SunSirs is a well-diversified market intelligent company in China & Aboard, offering an integrated price, news and research sharing platform in bulk commodities. SunSirs believes in growing with its clients step by step and create mutual beneficial relationship. It’s about having a firm step to go that extra mile and it’s about making customers and cooperators as a part of community. At SunSirs, we provide an integrated internet platform of benchmark prices, analysis, news, consulting and conferences across 8 vital industries in China, including energy, chemical, rubber and plastics, non-ferrous metals, steel, textile, building materials and agricultural and sideline sectors. Headquartered in Hangzhou and subsided in pan China presence, we have extensive network and deep-rooted relationships in China manufacturers, wholesalers and retailers. With overseas offices in the US, the Netherlands, Korean and the well-built sales network, we serve our customers in the global metal ecosystem. At SunSirs, we help you ‘Access to Real China Market’ from a global perspective. Our Chinese version SunSirs (100ppi.com) has the largest number of commodities in China even in global. It is highly systematic, standard and easy to read. Also, our company has succeeded in predicting the economy’s turning points many time, which is around half month earlier than HSBC’s PMI. It indicates that SunSirs Index steps in the mature stage. SunSirs Index is the leading and authority economic measure of micro and macro economy, and widely applied by financial institutions, researchers, manufactures and individual investors.
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