OPEC output to reach an agreement for the first time in eight years

A number of authoritative research institutions pointed out that sound, its significance is more confirmed international oil prices are expected to bid farewell to the bottom, long-term below $50 range.

But oil prices rebounded striking one snag after another. Just yesterday, oil prices fell behind, investors focus on drilling activities rising on this issue. At the same time, the producers of OPEC and non OPEC meeting over the weekend has become the focus of market attention. In addition, the recent comments suggesting that it will on the traditional approach to preserving the share price is still bored.

Monday (December 5th) published by Reuters survey, November OPEC crude oil production in October increased 370 thousand barrels per day to 34 million 190 thousand barrels a day of record, because Iraq OPEC the second largest oil producer in the rebound in exports, while Nigeria and Libya’s crude oil production has been partially restored, October production of 33 million 820 thousand barrels / day. OPEC has just thrown to the market determined to cut the test again.

According to statistics, the domestic commodity futures market yesterday chemical industry Plate outflow of funds 170 million yuan, about 5 million 850 thousand hand positions 65 thousand hands, lighten up. Yesterday, the largest outflow of funds for the coal sector, the outflow of funds 320 million yuan, capital inflows for the largest non-ferrous plate, the inflow of funds 210 million yuan.

Shocks will is the main theme

Some analysts believe that the recent oil price of chemical industry Products to support the market significantly, the recent domestic superposition chemical industry Continue to promote the market supply side structural reform, chemical industry Market focus of uplift in reason; but with positive cash, the supply and demand situation is still uncertain, oil and suspended in the city chemical industry The above goods market oversupply this “Damour Damocles” has not been lifted, the market shock is inevitable.

The current, chemical industry The weather could continue?