EUR/USD
1.16994
0.097%
Gold
4478.05
-0.371%
Oil
56.305
-0.906%
USD/JPY
156.598
-0.043%
GBP/USD
1.35138
0.092%
GBP/JPY
211.629
0.113%
Real-time News
Futures News, January 7th: Post-holiday, the residual fuel oil market saw limited fluctuations. As of January 6th, the price of low-sulfur residual fuel oil in Shandong was 3910 yuan/ton, unchanged from before the holiday. The price of medium-sulfur residual fuel oil was 3600 yuan/ton, up 30 yuan/ton or 0.98% from before the holiday. Supply tightened in some areas, while downstream procurement was mainly based on immediate needs, limiting the extent of the price increase. Zhuochuang Information predicts that against the backdrop of weak fundamentals, crude oil prices will continue their downward trend, with weakening support from news. Downstream demand is unlikely to improve significantly, and residual fuel oil prices are expected to remain weak and stable, with the risk of further decline remaining.According to Futures News on January 7th, for the week ending January 3rd, Japanese commercial crude oil inventories increased by 586,212 kiloliters from the previous week to 10,353,413 kiloliters. Japanese gasoline inventories decreased by 17,333 kiloliters from the previous week to 1,695,758 kiloliters. Japanese kerosene inventories increased by 171,775 kiloliters from the previous week to 2,227,363 kiloliters. The average operating rate of Japanese refineries was 90.2%, unchanged from the previous week.The main contract for the container shipping index (European route) saw its intraday gains narrow to 2.00%, currently trading at 1884.1 points.January 7th - On January 6th local time, Nvidia CEO Jensen Huang was asked during a media interview at CES when he planned to sell the H200 chip to the Chinese market. He responded that demand in the Chinese market is strong, the company is accelerating supply chain production, and is currently finalizing the licensing details with the US government.January 7th - According to CNBC, energy analysts say Indian state-owned refiners are continuing to purchase Russian oil. The US imposed a 25% "secondary" tariff on India last August, citing continued imports of Russian oil, and also imposed sanctions on Lukoil and Rosneft in late November. Analysts point out that while overall Indian demand for Russian oil declined in December, this was mainly due to reduced purchases by Reliance Industries. State-owned refiners, known as public sector units (PSUs), partially offset the decline in Russian oil purchases. Muyu Xu, senior crude oil analyst at tanker tracking company Kpler, stated that state-owned enterprises such as Indian Oil Corporation and Bharat Oil Corporation "are still continuing to purchase Russian oil for future deliveries through unsanctioned suppliers." Pankaj Srivastava of Rystad Energy stated, "Despite the overall decline in imports, the resilience of public sector refinery reception of Russian oil suggests a redistribution of demand rather than a collapse."
