Chenxian Finance News:
What is spot asphalt? What's the difference between spot asphalt and crude oil?
Spot asphalt is the second generation product of crude oil, and its price is directly affected by crude oil. Crude oil asphalt futures have been listed and traded in Shanghai Futures Exchange since September 9th, 20 13, with active trading, stable market operation, controllable overall risk and gradually emerging price discovery function, which has attracted wide attention from domestic and foreign crude oil enterprises and made a good market start.
Spot asphalt is a derivative of spot crude oil. Asphalt is the residue left after crude oil refining, which is mainly used for paving roads or building. Crude oil asphalt is one of the essential raw materials for national infrastructure construction. Due to the increasing control of crude oil, many transactions introduce spot asphalt products to replace crude oil. The price fluctuation of spot asphalt is twice that of crude oil, and the trading rules are the same as that of spot crude oil.
Let's take a look at asphalt, a subsidiary product of crude oil, which has attracted much attention in recent years. As an accessory product of crude oil, the price trend is greatly influenced by the price of crude oil. The opening price today is 1.397 RMB/ton. Although spot asphalt seems to have started to rise due to the influence of crude oil since last Friday, the influence of supply and demand in the spot asphalt market is only short-lived, and the price of crude oil lacks the long-term support of the market. According to the news, EIA crude oil inventory data has increased for three consecutive weeks, and the global oversupply situation has not improved.
Last Friday, the price of crude oil in new york rose by nearly 9%. Today, the price of crude oil has fallen. Last Friday, the "madness" of crude oil prices prompted the European Central Bank to take measures to boost the European stock market by 3%, which made the European economy expected to pick up. However, the continuous decline in crude oil prices has weakened Russia's overall economy. According to official Russian data, Russia's GDP dropped by 3.7% in 20 15, and the trend of crude oil price this year is still not optimistic.
According to the news, a report released by Yilang crude oil shows that crude oil output reached a record high in June last year. The data show that the daily output of oil fields in south-central Iran is as high as 4130,000 barrels. Prior to this, senior Iranian officials had publicly stated that Iran is likely to further increase its crude oil output this year, and Iran's high output has an inevitable impact on the decline of crude oil prices.
In response, badri, Secretary-General of the Organization of Petroleum Exporting Countries, told a parliament in London on Monday that the balance between supply and demand in the crude oil market must be solved, and OPEC and non-OPEC crude oil producers need to deal with the global oversupply situation. His remarks also show that the Organization of Petroleum Exporting Countries will not independently undertake the heavy responsibility of the crude oil market, and he also claims that there are signs that the balance between supply and demand in the crude oil market is still very promising today.
Today, the spot crude oil price opened lower by $29.865438 +0/ barrel, with an overall decline of about 6% from Monday to today. The frenzied production of Iranian crude oil aggravated the problem of excess in the crude oil market, making it difficult for oil prices to maintain a high profile, and fell below $30/barrel in the settled transaction. The main factor that affects the price of crude oil now is the surplus of crude oil market.
Supplement the K-line chart of spot crude oil trend:
So is the spot calendar settlement the same as the operation of spot crude oil, the trading rules of asphalt and the rebate of asphalt?
The operation of spot asphalt is basically the same as crude oil. Spot crude oil is mostly quoted in barrels, while asphalt is usually priced in tons.
Rebate amount: the rebate amount of spot asphalt and spot crude oil of Chenxian Finance is the same.
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