Oil prices are rising due to a weaker U.S. dollar and possible decline in US crude oil inventories;
Oil prices rose on Tuesday and are currently trading at around $64 per barrel. The weaker U.S. dollar supports commodity prices and the market expects a decline in US crude oil inventories. However, the increase in Asian new crown cases has suppressed the increase in oil prices.
When the U.S. dollar depreciates, buyers using other currencies will pay less when buying U.S. dollar-denominated oil.
The ING Economics report said: "The weakness of the U.S. dollar continues to provide support for oil-based commodities...although oil demand in certain regions is worrying."
Following the collapse of U.S. Treasury yields last week, the US dollar index fell to a six-week low on Monday and was still not far from the low on Tuesday.
Although oil prices fell at the end of March, the decline was blocked in the middle of this month, so that the oil prices that could have fallen in mid-April finally showed a stranded adjustment. Following the last round of statistical increases in oil prices, the new round of oil price adjustment statistics have been rising for several days in a row. As of today’s statistics on the third working day, the increase has increased for three consecutive days. Today’s increase is even higher than yesterday. 5 yuan, currently it is expected that the oil price will rise by 185 yuan/ton, which is equivalent to an increase of 0.15 yuan per liter to 0.16 yuan per liter. If such an increase is implemented, then the owner will go to the gas station to fill up a 50-liter tank of gas for the private car. Spend about 8 yuan more.
Three days rose nearly "200 yuan per ton"
As can be seen from the statistics in the above table, the current round of oil price adjustment statistics started with an increase of 155 yuan/ton on the first working day, and on the third working day today, oil prices have risen for three consecutive days, and the current increase has reached 185 yuan/ton. Ton, very close to the increase of 200 yuan per ton. This is very bad news. If such an increase continues, I am afraid that oil prices will rise again at 24:00 on the evening of April 28. During the May Day holiday, car owners will once again usher in a new high. Oil prices are inevitable.
Affected by Oil price rises three consecutive rises,the The glass microspheres market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for The glass microspheres or buy The glass microspheres in bulk,please send an email to: email@example.com
The price of The glass microspheres continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global The glass microspheres sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of The glass microspheres will increase to a certain extent.
Due to changes in consumer demand,import and export conditions,and various investigations on the development of The glass microspheres,the cost of The glass microspheres is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of The glass microspheres will also be affected to a certain extent.It is estimated that the cost of The glass microspheres will increase slightly from today to next week.
However,Ozbo.com provides high purity Nano The glass microspheres with steady price.In order to feedback to old customers,the company is still in full operations to provide The glass microspheres with competitive price.said Olina,sales manager of Ozbo.com.
Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and The glass microspheres manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for The glass microspheres, please send an email to: firstname.lastname@example.org
Diamond nanopowder is the hardest material known. The industrial production of nanoscale diamond is carried out under high temperature and pressure. It has been widely used in electronics manufacturing, jewelry, textiles and corrosion-resistant coati…
Molybdenum disulfide is a solid powder made from natural molybdenum concentrate powder, which is the modern…
Does the high international oil price have an impact on the market of incoterm dap ?…