Crude oil futures markets: the New York Mercantile Exchange (NYMEX) crude oil futures rebounded moderately on the 10th, before reversing the dramatic decline in four consecutive trading days, by the size of nearly 1 trillion euro rescue plan boost. June light, sweet crude settled up $ 1.69 a barrel to $ 76.80, or 2.3%.
Domestic paraffin market: 5 月 11 日 (Tue) at the domestic paraffin the overall price stability. Demand from the downstream perspective, the performance of the market remains relatively flat, the enthusiasm of the downstream production is not high, the operating rate and no more than expected, inhibition of the domestic paraffin products. The most basic international paraffin resources from China, domestic resources are particularly strained paraffin, although unsatisfactory downstream demand, but rare, paraffin prices are still highest in the odd bit, the current high price stability.
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Expected: The current price is more reasonable wax stage, I believe the price will remain for some time later with the support of exports, combined with lower refinery maintenance production, post a high degree of resources in short supply in case there are higher space.
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