US time on Monday, oil prices closed up slightly, intraday trading positive, US crude oil futures close to 52.00 US dollars / ounce mark, the highest hit 52.30 / ounce.

At the close, the US WTI December crude oil futures rose 0.06 US dollars, or 0.12 percent, reported 51.90 US dollars / barrel; ICE Brent December crude oil futures fell 0.38 US dollars, down 0.66 percent, reported 57.37 US dollars / barrel.

According to the average survey of six analysts expected as of October 20 week US crude oil inventories will be reduced by 2.5 million barrels, gasoline inventories will be reduced by 150 barrels, while refined oil inventories will be reduced by 1.9 million barrels.

In addition, the week 20 week refinery utilization is expected to rise 1.3% to 85.8%.

Oil prices are still supported by disruptions in the supply of crude oil in the Middle East, all of which are worries about Iraq and Kurdistan. US oil optimism is further supported by the US service Baker Hughes Friday’s report shows that the US crude oil active drilling down three weeks, the reduction of 6 to 736. In addition, EIA announced on Wednesday, as of October 13 week US crude oil production fell to 8.4 million barrels.

In addition, after OPEC officials’ remarks last week, traders remained optimistic. OPEC officials said last week that the current cut-off agreement would help to achieve market rebalancing.

Position, CFTC latest report shows that as of October 17 week crude oil speculative net long positions down to 3 weeks low.

The industry said that the technical, the US oil upstream resistance is located in the October 16 high 52.37, further resistance in September 28, such as the high 52.86, such as the break is on April 12 high 53.76; down the direction of the initial

According to the Institute of the latest release of the “titanium dioxide industry market demand analysis report”, 2017 and 2018 titanium dioxide domestic demand growth will be 10% and 8%, respectively, 2017 domestic demand increased by 210,000 tons (paint 150,000 Ton, plastic 30,000 tons, 30,000 tons of paper), 2018 domestic demand by 180,000 tons (120,000 tons of paint, plastic 30,000 tons, 30,000 tons of paper). Demand growth rate is higher than the capacity growth makes the titanium dioxide industry supply and demand balance further tightening.

September 27, European styrene market FOB 1 USD/ton, ARA reported 1285-1286 USD/ton

September 27 European markets closed to the market for xylene, closing prices of 768.5-770.5 USD/ton fob Rotterdam.

September 27, the Asian styrene market closed down 22 U.S. dollars/ton, FOB Korea closed at $1290-1291/ton, CFR China to receive 1317-1318 U.S. dollars/ton.

The end of September 27, methanol CFR China (LC 0-30 days) reported 340-342 USD/ton, up 6 USD/ton; methanol CFR Southeast Asia (LC 0-30 days) reported 359-361 USD/ton, up to 5 USD/ton.

As of September 27 close, methanol fob US Gulf daily 91.25-91.75 (303.8-305.5 USD/ton) cents/gallon; methanol FOB Europe Rotterdam 257.5-258.5 (302.5-303.7 USD/ton) EUR/ton, fall 2 euros/ton.

September 27 Asian region closed prices for xylene market fell 3.5 USD/ton, closing price of 832.5-834.5 USD/ton FOB Korea and 850.5-852.5 USD/ton CFR China.

Domestic imports of cobalt raw materials growth continues to decline. Since 17, the import volume of cobalt raw materials is about 37688 tons, the cumulative growth rate has been increasing, showing 17 years of abundant ore source. From February to July, the cumulative growth trend slowed down to July end, the annual cumulative raw material imports have fallen below 10%, gradually matching 17 demand growth (we measured in depth report of 7.1%), smelting plant inventory or has been gradually restored to normal level.

According to the LME data, the total stock of copper and metal stocks fell by 3,200 tonnes in 301,950 tonnes on September 27, and the total stock of aluminum metal stocks fell by 4,800 tonnes, and the total stock of aluminum alloy stocks remained at 11,920 tonnes in 1,280,100 tonnes.