Recently, OPEC members of Congress on the period, Saudi Arabia agreed to own to cut output by 10 million 60 thousand barrels / day, this figure is slightly lower than the July to maintain the highest daily production of 10 million 700 thousand barrels / day.

Data show that the fund manager in WTI short positions or falling prices that has decreased by 45%, which relates to the futures and options for the number of 80 thousand and 285, while the decline since 2011 is the largest of the time. However, long positions rose 4.6%, the net growth rate of 43%.

13, xylene price stability, the solvent of xylene to discuss the market reference price in 4700-5600 yuan / ton, heterogeneous xylene reference 4950-5500 yuan / ton. Xylene solvent market offer 4700 yuan / ton (Zhangjiagang tank), domestic heterogeneous xylene market offer in 4700-4750 yuan / ton (tank). The central branch of Sinopec Changling refinery, xylene: Wuhan petrochemical, China Petrochemical 4700 yuan / ton.

At present, Sinopec Southern China Guangzhou Petrochemical Company solvent xylene: the implementation of 5450 yuan / ton, Maoming petrochemical price 5300 yuan / ton; heterogeneous xylene: Guangzhou petrochemical, Zhanjiang Dongxing are the implementation of 5450 yuan / ton. North China sales company Sinopec Qingdao refinery, Tianjin: xylene ethylene and Shijiazhuang refinery implementation of 4700 yuan / ton. Sinopec East China sales company xylene: Yangzi BASF, Zhenhai Refinery quote out 5600 yuan / ton. Liaoning huajintongda chemical Limited by Share Ltd xylene quotation implementation of 5380 yuan / ton, price stability.

At present, the domestic shale oil producers are using frozen OPEC agreement to produce property prices rebound, to hedge their risk in 2017 and 2018 prices rose to $50 a barrel above. This price trend will potentially boost U.S. domestic crude oil exports next year, is expected to rise in the price of xylene.