I the future of the financial crisis
The decision of the Organization of Petroleum Exporting Countries not to cut production not only caused the crude oil price to plummet to a four-year low, but also led to the general selling of global commodities. Yesterday, in the domestic futures market, this panic was further amplified-the seven major varieties rarely fell, which interpreted the biggest decline after the 2008 international financial crisis. The adjustment of oil prices continues to put pressure on other commodity futures. According to industry analysts, the prospect of the 20 15 commodity market is hardly optimistic, because the dollar continues to be supported in a low inflation environment, while economic growth outside the United States is still weak.
Second, the plunge in oil prices has also caused heavy losses to chemicals and oil.
PTA fell to a six-year low of 5 158 yuan/ton. In addition, the demand for biodiesel is affected by the collapse of oil prices. Within 0/505 minutes of the opening of the palm oil contract, the turnover of more than 30,000 lots suddenly fell, hitting the daily limit of 5,042 yuan/ton, approaching the five-and-a-half-year low of 5,036 yuan/ton set at the end of September. Soybean oil fell off the cliff. The opening volume of 1505 contract fell sharply, hitting the limit. Soon, the limit was opened. The futures price fluctuated within a narrow range around 5570 yuan/ton and closed at 5570 yuan/ton in the afternoon. Rapeseed oil hit a daily limit of 5,800 yuan/ton, just a stone's throw from the previous 5.5-year low of 5,796 yuan/ton.
To sum up, theoretically speaking, finance and economy are very different. Finance is the floorboard of a series of activities with money and capital as the core, and the corresponding main concepts are consumption and production, and the latter two are mainly around goods and services, so there are still differences.