EUR/USD
1.13893
0.030%
Gold
4017.39
-0.276%
Oil
81.419
3.944%
USD/JPY
163.718
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GBP/USD
1.32893
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217.576
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Real-time News
July 29th - The China Federation of Logistics and Purchasing (CFLP) today (July 29th) released logistics operation data for the first half of this year. In the first half of the year, logistics demand continued to expand, with prominent characteristics of structural optimization and energy transformation. In the first half of this year, the total social logistics volume nationwide reached 181.1 trillion yuan, a year-on-year increase of 5.1%, 0.4 percentage points higher than the GDP growth rate during the same period. The supporting and leading role of logistics demand in national economic growth continued to strengthen. Looking at the quarterly figures, the first and second quarters saw growth of 6.2% and 4.4% respectively, showing an overall steady growth trend.Japanese Prime Minister Sanae Takaichi: The earthquake in Kumamoto, Japan, has killed thirteen people.Futures News, July 29th: As of the eighth working day on the 29th, the change rate was 13.42%, the average price of reference oil was $88.32/barrel, and domestic gasoline and diesel prices increased by 685 yuan/ton. The price adjustment window for this round is at 24:00 on July 31st. 1. Shandong Local Refineries: Yesterday, the market replenished stocks as needed, and overall sales from local refineries were weak and stable. Gasoline and diesel prices have not yet reached a balance between production and sales, and international crude oil futures prices continued to fall, putting continued pressure on refined oil prices. However, renewed conflict between the US and Iran caused crude oil prices to surge at the open, which may boost market purchasing activity. It is expected that Shandong local refineries will mainly conduct tentative price increases today, with increases concentrated around 50 yuan/ton. 2. East China: On Wednesday, crude oil prices continued to fall at the close, but opened higher today. It is expected that the wholesale prices of gasoline and diesel from major oil companies in East China will stabilize today. Flexible sales policies at the end of the month, cautious downstream operations, and a cautiously positive buying and selling atmosphere are expected. 3. South China: On Wednesday, crude oil prices continued their downward trend, with persistently negative news impacting the market. It is expected that gasoline and diesel prices in South China will continue their downward trend today, with end-user companies focusing on digesting inventory, resulting in a sluggish trading atmosphere. 4. North China: On Wednesday, international oil prices opened higher after falling overnight, with positive news providing further support. Considering end-of-month sales demand, it is expected that gasoline and diesel prices in North China will stabilize, with some areas experiencing consolidation. Market activity will be limited, driven by immediate needs. 5. Central China: On Wednesday, crude oil prices continued to fall, with negative news further weighing on the market. It is expected that gasoline and diesel prices in Central China will continue to be under pressure today. Demand lacks support, and before price adjustments are implemented, market participants will purchase only what is needed at lower prices, resulting in a stable trading environment.Kyodo News, citing a senior Japanese government official, reported on the 29th that the death toll from the Kumamoto earthquake may have exceeded 10.Geopolitical tensions have deteriorated again, causing a sharp rise in international crude oil prices. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.
