Finished lower total fat, such as riding a roller coaster

After crude oil fell sharply last week, this week, a further decline in crude oil. A recent Credit Suisse report, as oil prices fell more than crude oil, most of the U.S. refinery profits declined.

Wednesday EIA data showed U.S. commercial crude oil and oil stocks rose to 11.3 million barrels total, more than in September 1990 set the record of 11.27 million barrels.

Domestically, the recent fall in international oil prices, but lower oil prices yet, due to the lucrative, gas stations have started promotion, lack of signs that the downstream demand. The dollar index made another sharp rebound in crude oil have cracked an important support level. Friday at 16:00 GMT, NYMEX crude oil is still 75 dollars / barrel below the transaction.

Monday Baosteel, Wuhan Steel, Anshan Iron and Steel (000,898, stock it) have three steel price increases, price formation on the steel support. Weekly either on or of the Rebar Futures traders rebar Bo (West), opening the spot are away. With the overall weakness of commodity markets, prices finished lower on Friday rebar. Friday's closing Bo suppliers rebar (West) spot a continuous contract offer 4,301 yuan / ton, the main force of the rebar futures contract 1101 Price 4311 yuan / ton.

Non-ferrous metal spikes in the first half after a short week, Wednesday have come down substantially from the peak, which decreases among the top Shanghai aluminum, copper, zinc also fell slightly.


World Bureau of Metal Statistics (WBMS) newly released data show that the first half of 2010 remains the world's leading metal show excess supply state. Among them, the global excess supply of 314,000 tons of aluminum city; copper market supply surplus reached a record 80,000 tons.

Qinhuangdao Port thermal coal price this week, little changed, the port remains in the 7 million tons above the stock. With steel prices continued to rise, a slight rebound in the price of coke, usually 30 to 50 yuan / ton, the current focus of the mainstream of the factory in Shanxi Province two quotations from 1650 to 1700 yuan / ton, Tangshan two focal Price 1,700 yuan / ton ; associate a coke factory in Tianjin 1820 yuan / ton.

Agricultural products was mixed this week, wheat, maize remains relatively strong; beans, and oil varieties dropped sharply, Bo traders concerned that the early oil soared up mainly driven by the wheat, the current price of oil market fundamentals do not support substantially upward.

Specifically, the global soybean (information market), palm oil (information market) production continued to increase, ample global inventories. Natural disasters have some influence on the yield, but not as obvious as the wheat.

In addition, the U.S. biodiesel production has dropped significantly. The United States has been relying on soybean oil (information, quotes) to produce bio-diesel, high domestic subsidies make lucrative exports to the EU. However, since 2009, the EU anti-dumping U.S. biodiesel sanctions, a substantial increase in import tariffs, U.S. exports of basic bio-diesel fuel stop, which Shide soybean oil Gengjia adequate food.