Crude oil: On the previous trading day, WTI closed at $66.82 per barrel, up $0.39 per barrel from the previous trading day; BRENT closed at $76.17 per barrel, down $0.27 per barrel from the previous trading day.
Periphery
1. China News Service: In 2017, the total assets of state-owned enterprises in China were 183.5 trillion yuan, the total liabilities were 118.5 trillion yuan, the total state-owned capital and equity were 50.3 trillion yuan, and the total overseas assets of state-owned enterprises were 16.7 trillion yuan. This is the first time that the State Council has reported the management of state-owned assets to the Standing Committee of the National People's Congress after the promulgation of the Opinions of the Central Committee of the Communist Party of China on Establishing a System for the State Council to Report to the Standing Committee of the National People's Congress on the Management of State owned Assets.
2. Beijing Business Daily: Several provinces and cities, including Beijing, Shanghai, and Zhejiang, have implemented supervision of rental loan business. At present, there are widespread problems in the long-term rental apartment market, such as aggressive market expansion strategies, tight funding chains, mixed participants, and disorderly competitive formats. All parties involved in routine loans will become victims and urgently need to be regulated and rectified.
Industry
Titanium dioxide: Recently, the production cost of titanium dioxide has increased compared to the previous period, and downstream demand has been weak in receiving goods. The overall market demand is average, and the impact of winter haze prevention and control measures in the north on manufacturers may weaken compared to previous years. Industry players are cautious, and it is expected that market negotiations will remain stable in the short term.
Alcohol ether: Currently, the negotiation atmosphere in the domestic ethylene glycol butyl ether market is still relatively weak, as seen in the East China market. The Dena factory is parked and there are currently no new ships arriving at the port. The short-term supply pressure has slightly weakened, but the overall inventory base is large and the demand performance is average. The market is mainly focused on negotiations and transactions, but most sellers are operating at a loss, and the short-term profit margin is limited. There are some low-priced sources in the South China market, which affects the shipping prices of mainstream first-hand merchants and makes it difficult for the market to focus on weak negotiations.
Acrylic acid lotion: at present, the price of domestic acrylic acid lotion market is temporarily stable after rising. In terms of raw materials, the overall raw material prices have continued to decline slightly, and the focus of the styrene market has continued to decline slightly; The butyl acrylate market remained stable after rising, while the MMA market continued to decline. Manufacturers are cautiously observing the cost trend, with a focus on observation. It is expected that the raw materials will fluctuate frequently in the future, and the price of lotion will be mainly wait-and-see.