The International Oil Price Is &Nbsp High; The Trend Of Commodity Differentiation Is Aggravating.

Continued upheavals in the geopolitical situation continue to push up

Geopolitics in the first quarter of this year

In April 1st, driven by favorable data on employment and manufacturing in the United States, international oil prices once again refreshed a 31 day high.

As of 1, the New York light crude oil futures price rose 1.22 US dollars in May, closing at $107.94 a barrel, or 2.4% in the whole week.

The London market Brent crude oil futures for May delivery rose 1.34 US dollars to close at $118.70 a barrel, or 2.7% in the whole week.

Analysts believe that the volatile situation in West Asia and North Africa can not be changed in the short term. Libya's hopes for resuming normal crude oil exports in the short term are slim. The situation in Syria, Yemen and Bahrain is also unstable. The market is worried about the impact of oil pportation volume, and is more worried that the turmoil will affect oil producing countries in Saudi Arabia and Iran, which pose a threat to global crude oil supply.

Coupled with speculative speculation, oil prices are still facing rising pressure.

Chen Yueqiang, Department of energy and chemical engineering of Beijing intermediate Futures Research Institute, believes that the situation in Libya has been very bad. Most of the positive effects on the oil market have been digested, the impact will gradually weaken, and the possibility of a significant upward trend in the near future is small.

Compared with crude oil's "vigorous growth", most of the products are relatively calm except for their strong performance.

Soya bean oil, rapeseed oil and palm oil are three strong fats, and with high oil prices and USDA positive data, the trend is strong, with the main contracts gaining 1.15%, 2.13% and 1.65% weekly gains respectively.

Some analysts believe that the oil is expected to continue to be strong operation situation. After the Qingming Festival, we need to pay attention to whether the national policy is deregulation of terminal edible oil price limits.

Soft commodities were "soft", and domestic cotton futures and spot prices were all down sharply. Zhengzhou cotton main contract 1109 fell 6.75% weekly.

Wang Danna, a cotton analyst at the business association, said that the raw materials purchased by downstream businesses are not active. Although the price of seed cotton continues to decline, most markets are still in a state of no market price.

In the short term, the weakness was more obvious; sugar and rubber prices rebounded after a sharp fall on Monday, but they fell by 1.31% and 2.59% respectively throughout the week.

In terms of non-ferrous metals, Shanghai copper and Shanghai zinc fell by more than 2%, while Shanghai aluminum and lead fell by 0.89% and 1.64% respectively.

As the weather gets warmer, the operating rate of metal smelters increases, and the supply gradually increases. The low operating rate of the downstream metal products industry and the slow improvement in demand have led to a decline in the metal market.

In terms of steel products, it has entered the concussion cycle since late 3. The rebar futures continued last week's rebound trend, and fell sharply. Although this week's rise is about 1%, the trend is weak.

On the spot side, the price of rebar and hot-rolled coil on the Bohai Mercantile Exchange rose more than 1% a week, slightly stronger than futures.

In terms of thermal coal, the average price of steam coal in Bohai rim increased to 773 yuan / ton.

In April 1st, the settlement price of the steam coal variety on the Bohai mercantile exchange increased by 4 yuan to 833 yuan per ton compared with last Friday (March 25th). In addition, the Council of the Big Business Council considered the coke futures contract and the relevant rules amendment, and entered the countdown on listing.