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July 27: Building materials transaction volume was 85,500 tons, an increase of 5.43% compared to the previous trading day. July 24: Building materials transaction volume was 81,100 tons, a decrease of 8.26% compared to the previous trading day. July 23: Building materials transaction volume was 88,400 tons, an increase of 12.18% compared to the previous trading day. July 22: Building materials transaction volume was 78,800 tons, a decrease of 18.85% compared to the previous trading day. July 21: Building materials transaction volume was 97,100 tons, an increase of 23.85% compared to the previous trading day. Last weeks average: Building materials transaction volume was 84,800 tons.Announcement: The State Council Information Office will hold a press conference on the theme of "The Beginning of the 15th Five-Year Plan" at 10:00 a.m. on July 29, 2026. Rui Wenbiao, spokesperson and deputy director of the State Intellectual Property Office, will introduce the relevant situation of intellectual property protection and utilization during the 15th Five-Year Plan period and answer questions from reporters.On July 27th, Guo Shougang, Director of the Equipment Industry Department of the Ministry of Industry and Information Technology (MIIT), introduced the development of my countrys intelligent connected vehicle industry at a media roundtable during the 2026 World Intelligent Connected Vehicles Conference. Guo highlighted the positive achievements already made by my countrys intelligent connected vehicle industry. Going forward, the MIIT will accelerate the formulation and issuance of the "15th Five-Year Plan" for the development of the intelligent connected new energy vehicle industry, thoroughly implement the "National Standardization Development Outline," accelerate breakthroughs in a number of key core technologies, expedite the development, international coordination, and implementation of key standards, further promote pilot applications, production access, and road access for "vehicle-road-cloud integration," and promote the establishment of an ecosystem connecting the entire industry chain.D-WAVE shares rose 12% in pre-market trading after AT&T announced an expansion of its quantum collaboration agreement with the company.Global Chip LOF: Trading will be suspended from the opening of the market on July 28, 2026, and will resume at 10:30 on July 28, 2026. Redemption services for this fund will continue as usual during the suspension period.

Oil Quiet As Price Cap Suggestion Assists in Relieving Supply Concerns

Skylar Williams

Nov 25, 2022 14:48

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Benchmark Brent oil declined on Thursday, while West Texas Intermediate (WTI) crude remained unchanged, hovering at two-month lows due to uncertainty about the degree to which a proposed G7 restriction on the price of Russian oil would limit supply.


A larger-than-anticipated rise in gasoline inventories in the United States and an expansion of COVID-19 limitations in China also knocked on oil prices.


At 15.15 p.m. ET (2015 GMT), Brent oil prices decreased 29 cents, or 0.3%, to $85.12 per barrel, while U.S. WTI crude futures decreased 2 cents, to $77.96 per barrel.


Due to the Thanksgiving break in the United States, trade volumes were quite low.


The announcement on Wednesday that the expected price ceiling for Russian oil may surpass the current market level triggered a decrease of about 3 percent for both benchmarks.


European Union nations remained divided over what level to cap Russian oil prices to limit Moscow's ability to pay for its battle in Ukraine without causing a global oil supply shock; if positions converge on Friday, more conversations are possible.


A European official claimed that the G7 is discussing a cap of $65-$70 per barrel for Russian oil transported by sea, but European Union member states have not yet reached an agreement on a price.


A higher price ceiling might encourage Russia to continue selling its oil, decreasing the possibility of a global oil supply shortage.


According to two sources, several Indian refiners are discounting Russian Urals crude by between $25 and $35 per barrel compared to the worldwide benchmark Brent oil. Urals is Russia's principal crude export.


Despite the obstacles, Bart Melek, global head of commodities market strategy at TD Securities, is rather optimistic about oil. "The Russian price ceiling is another aspect that contributed to the current price fall," he stated.


The Energy Information Administration (EIA) said on Wednesday that gasoline and distillate inventories in the United States climbed substantially during the previous week. [EIA/S]


In contrast, oil stockpiles decreased by 3.7 million barrels to 431.7 million barrels in the week ending November 18, despite a Reuters survey predicting a reduction of 1.1 million barrels.


China reported the highest daily number of COVID-19 cases since the outbreak began over three years ago on Wednesday. Local officials intensified measures to remove the breakouts, raising investor anxiety over the economy and demand for fuel.

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