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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

How to trade the EIA report?

LEO

Oct 25, 2021 13:27

Crude Oil Futures is not only an active market to trade but is also one of the most popular instruments available to day traders.

That makes trading Crude Oil and the crude oil inventory release, a wonderful opportunity for traders to make additional income or a stand alone income producing market.

What Does “Crude Oil Inventories” Mean?

Crude oil inventories refers to the amount of unrefined petroleum held in storage by governments and oil producers.  Supply and demand is important to understand as the more supply that keeps with demand, leads to lower prices. If demand begins to threaten supply levels, crude oil prices increase. 

When Is The Crude Oil Inventories Number Released?

The weekly EIA report release time is every Wednesday at 10:30 a.m. New York Time. This is an extremely volatile time to trade as the numbers represents the change in the number of barrels of Crude Oil held in reserve by commercial firms and the oil prices can jump which makes for some great trading action. 

What Is The EIA? 

The U.S. Energy Information Administration (EIA) collects, analyzes, and distributes independent and impartial energy information to which helps to promote sound policy making, efficient markets, and public understanding of energy and how it interacts with the economy and the environment.

 Why Is The Status Of Crude Oil Important?

Crude oil is a driver of price for many items given it is still the number one energy source in the world.  When the supply of crude oil goes down over the long term, we can expect the price of crude to increase which will increase the cost of virtually everything we buy.  If we see a higher supply of crude oil and demand is not keeping pace, the price goes down.

Crude oil prices affect the economy,  inflation rates, and even the currency exchange rate between the USDCAD pair.  

Crude Oil Price And Economy

How The Economy Is Affected By Crude Oil Prices?

As Stated, Oil Is An Energy Source Used To Produce/Deliver Virtually Everything We Have.  From Groceries To Housing, When Prices Increase Due To The Rise In Oil Prices, People Begin To Spend Less Money And The Economy Begins To Slow Down.  A Slowing Economy Can Lead To A Rise In Unemployment Which Leads To Less Consumer Spending.

Trading crude oil on these days after the release can able you to keep your trading day short and in profit as opposed to lengthy day trading sessions.



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