On October 21, the good market conditions in the United States and the Fed’s hawkish remarks lifted the US index again. After Iran lifted the sanctions, a large amount of crude oil entered the market and the OPEC meeting did not expect to reduce production. The crude oil market was under pressure. As of the close of the day, the US WTI crude oil price fell by $0.34 to $45.55 per barrel in November.
In the U.S. economy, there was less data in the United States yesterday, but good housing indicators and the Fed’s hawkish remarks once again boosted the US index. In addition, Williams once again issued hawkish remarks, saying that he prefers to act early and then gradually raise interest rates. . Maintaining interest rates at very low levels is costly and will raise interest rates in the near future. Williams believes that the U.S. economy is still on a good track. It is expected that the inflation rate will rebound to 2% in the next few years. It is expected that the GDP growth rate in 2016 will be 2-2.5%. It is still expected that employment will continue to increase, the employment market will show significant improvement, and the unemployment rate will be close to full employment. This remark prompted the US dollar index, gold and silver crude oil and other commodities under pressure.
Since the beginning of this year, China’s economy has witnessed a marked sluggish trend. In the third quarter, the import of crude oil has weakened slightly. China’s official data released this month show that China’s crude oil imports increased by 1.34% year-on-year in September, after a 13.42% year-on-year decrease in August. It was picked up. Analysts have already raised their expectations of China’s crude oil import growth in the second half of the year. With further declines in oil prices in July and August this year, China's refineries may turn to overseas markets to seek further increases in oil reserves. Compared with PetroChina and Sinopec's large refineries, local petrochemical companies are more likely to obtain crude oil through imports. Given this demand, China will maintain high growth next year. These actions will ease concerns about a sharp drop in China's imports and will support prices in the coming months.
OPEC will hold a technical meeting with non-OPEC on October 21. Prior to this, Saudi Arabia has stated that it will not cut production in the near future. On the Iranian side, Iran’s nuclear negotiator said on Monday that Iran needs to reoccupy its market share as soon as possible. Before this, the U.S. announced that the EIA crude oil inventories was greater than expected so that the price of oil was under pressure. After API's US crude oil inventories rose more than market expectations, oil prices expanded. At 22:30 Beijing time tonight, the U.S. Energy Information Administration (EIA) will publish official U.S. crude oil inventories last week.
Technically, on the daily chart, a negative line was closed yesterday, but it is still supported by the declining trend line. The MACD indicator green kinetic energy column is gradually increasing in volume. Operational recommendation of investors to take a dip to the upside, focusing on the support level at 45.26 US dollars in the day The top resistance is about $47.
The globe valve is used to cut off the flow of the medium. The globe valve is suitable for frequently opened occasions. The sealing parts of the globe valve are the disc and the valve seat. In order to make the globe valve close tightly, the mating surface of the disc and the valve seat should be grinding or using gaskets. The sealing surface can also be inset with bronze, stainless steel and other corrosion-resistant and wear-resistant materials. The disc and stem of the globe valve are connected with each other, so that the disc and stem are closely fitted. The lifting of the disc of the globe valve is generally controlled by the stem. The upper part of the stem of the globe valve is the handwheel, and the middle part is the thread and packing sealing section. The role of the packing is to prevent the internal medium of the valve body from leaking along the stem.
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