It is related:

An increase in the value of non-agricultural data indicates that the U.S. economy is doing well, which is good for the US dollar and bad for crude oil;

Non-agricultural data A decrease in the value of the data indicates that the U.S. economy is in a downturn, which is naturally negative for the US dollar and bullish for crude oil.

First of all, we must be clear about the overall situation of domestic asphalt:

1. Since 2001, my country’s apparent asphalt consumption has grown at an average annual rate of 10.6%, of which domestic asphalt in 2013 The apparent consumption reached 2.21×107t, and the consumption reached a historical record;

2. As the main asphalt suppliers, the three major groups of PetroChina, Sinopec, and CNOOC account for an overall market share Showing a growing trend, market concentration continues to increase;

3. Moreover, with the continuous improvement of the quality of domestic asphalt, the overall dependence on foreign asphalt is on a downward trend. The next 5 to 10 years will still be a period of great development for my country's road transportation. Especially driven by favorable factors such as the deepening of urbanization, the continuous upgrading of road quality, and the successive entry of highways into overhaul cycles, it is expected that my country's annual asphalt consumption will reach And maintain the high level of 2.2×107-2.3×107t.

Secondly, what is the trend of asphalt after its listing:

Since its listing, the overall price of asphalt futures has gone through two waves. The first wave of market prices dropped from 4,598 yuan/ton on the first day of listing to around 4,250 yuan/ton at the end of October, a drop of about 8%. Since then, the second wave of market prices has entered a volatile trend from November to the present. According to Luo Meiya's analysis, since the demand for next year is not yet clear, it is expected that the terminal demand of the domestic asphalt market will further shrink in the later period. If it is difficult to stimulate the market's enthusiasm for winter storage after this price reduction, this shows that asphalt prices are still relatively overvalued and prices will further decline. Possibility of exploration.

The Ministry of Commerce informed the country that spot crude oil is not allowed. It is not that the commodity trading market cannot do crude oil, but that all trading platforms cannot do crude oil. The Ministry of Commerce does not give any platform the qualification to do crude oil. In order to avoid policy risks, new varieties of asphalt are ushered in after crude oil is removed from the market.

As a non-agricultural employment population, non-agricultural employment includes those employed in the manufacturing and service industries, which also reflects the country’s current economy. level of development, because the manufacturing and service industries are the secondary and tertiary industries respectively, and their employment population directly reflects the country’s consumption level. If the non-agricultural value becomes smaller, it means that the productivity of the country's enterprises has declined, the economy has entered a depression, people's consumption levels have declined, and the market has fallen into a highly sensitive period. On the contrary, when the non-agricultural value increases, it indicates that the social economy is good, enterprise productivity is high, people's consumption power is enhanced, and the market becomes highly active.

Therefore, an increase in the value of non-agricultural data indicates that the U.S. economy is doing well, which is good for the US dollar and negative for crude oil;

A decrease in the value of non-agricultural data indicates that the U.S. economy is in a recession A downturn is naturally negative for the US dollar and bullish for crude oil.