The oversupply of oil in the global market may reach 2.3 million barrels per day in January next year.The variety of SD Chips、POY150D/48F Nov 25, 2021

Operating rate:

Industry

23th NOV

24th NOV

Variety

PTA

78.16%

78.16%

0.00%

Polyester

87.32%

87.32%

0.00%

PX

74.81%

74.81%

0.00%

Weaving

62.13%

62.13%

0.00%


Raw material price increase:


Raw material

23th NOV

24th NOV

Ups and downs

WTI

78.50

78.39

-0.11

CFR Taiwan PX

886.00

901.00

+15.00

PTA

4749

4810

+61

MEG

5224

5289

+65

SD Chips

6325

6350

+25

POY150D/48F

7200

7450

+250

FDY150D/96F

7400

7450

+50

DTY150D/48F

8950

9000

+50




Hot events:


1. WTI December crude oil futures closed down 0.14% to 78.39 US dollars per barrel; Brent January crude oil futures closed down 0.07% to 82.25 US dollars per barrel.


2. Petrobras: It is estimated that in 2022, oil production will drop from 2.3 million barrels per day to 2.1 million barrels per day.


3. OPEC said that the oversupply of oil may reach 2.3 million barrels per day in January next year and 3.7 million barrels per day in February.


4. Ministry of Finance: From January to October, the total operating income of state-owned enterprises was 60386 trillion yuan, a year-on-year increase of 22.1%.


5. The Ministry of Foreign Affairs urges the U.S. to immediately stop upgrading the substantive relations between the United States and Taiwan, stop any form of official exchanges and contacts with Taiwan, and stop sending any wrong signals to the "Taiwan independence" forces.

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