Today's data selection: International oil prices have plummeted strangely for two days; the number of second-hand housing listings in Beijing has reached a new high

Release time:Apr 23, 2024 21:50 PM

Oil prices plummeted for two days! what happened?

U.S. bond yields "shaked" the global market. Saudi Arabia and Russia extended production cuts until the end of the year as scheduled, but international oil prices experienced a strange plunge. After briefly rising on Tuesday, international oil prices plunged strangely on Wednesday and Thursday. WTI crude oil fell 5.6% on Wednesday, its largest one-day drop since September 2022. Brent crude oil fell 5.6% on Wednesday to close at $85.81 per barrel, the biggest drop since August 2022. Last week, Brent crude oil was close to the $100 mark. This downward momentum continued on Thursday, with WTI crude oil closing down 2.27% at $82.31 per barrel, and Brent crude oil closing at $84.07 per barrel, down 2.03%.

Regarding the strange plunge in international oil prices on Wednesday and Thursday, UBS analyst Catherine Gordon listed three major possible disturbance factors.

Gordon said that demand for crude oil in the United States is currently very unstable. Data from the U.S. Energy Information Administration on Wednesday showed that U.S. gasoline inventories increased by 6.481 million barrels last week, the highest increase since January 2022, and an increase of 300,000 barrels is expected. The four-week average of EIA gasoline demand hit a seasonal low since 1998. This, combined with recent weakness in refining profits, has intensified market concerns about demand.

At the same time, the market is very crowded with long crude oil positions. The current allocation of CTA funds to crude oil has risen to the highest level since 2018. According to media statistics, overseas fund managers posted net sales of the six most important oil-related contracts last week for the first time in four weeks.

Rumors of large-scale political agreement negotiations between Saudi Arabia and the United States have also heightened market concerns. Investors are worried that improved relations between Saudi Arabia and the United States may affect the prospects for Saudi Arabia and Russia to jointly reduce production in the future, and the current Saudi policy of "artificially creating" market shortages may change in the future.

International food price index remained generally stable in September

The latest report released by the Food and Agriculture Organization of the United Nations on the 6th showed that the international food price index generally remained stable in September, with declines in vegetable oil, dairy and meat price indexes offsetting significant increases in sugar and corn prices. The FAO Food Price Index is a measure of monthly changes in international prices for a basket of food commodities. In September this year, the price index averaged 121.5 points, while the index in August was 121.4 points. Compared with the same period last year, the price index in September fell by 10.7% and fell by 24.0% from the historical peak in March 2022.

The cereal price index rose 1.0% month-on-month in September, mainly driven by a 7.0% increase in international corn prices. Corn prices are higher due to several factors, including strong demand for supplies from Brazil, slower sales by Argentinian farmers and higher shipping costs due to lower water levels in the U.S. Mississippi River. International wheat prices fell 1.6% month-on-month, which can be mainly attributed to Russia's improved production prospects and sufficient supply. At the same time, due to generally sluggish import demand, the rice price index fell slightly by 0.5% month-on-month. The vegetable oil price index fell 3.9% month-on-month in September, and international quotations for palm oil, sunflower oil, soybean oil and rapeseed oil fell across the board, partly due to seasonal production growth and sufficient global export supplies.

During the National Day holiday, the number of homestay bookings in popular cities in China increased 1.5 times compared with the same period in 2019

Data from the Tujia B&B booking platform shows that as of the 6th, the number of B&B bookings in popular domestic cities during this year’s National Day holiday increased 1.5 times compared to the same period in 2019. Long-term travel to experience the ethnic customs, going to Hangzhou to watch the Asian Games, and going to music festivals have become new trends in homestay tourism during this year’s National Day holiday. On the Tujia platform, the top ten most popular destinations for homestay bookings during the National Day holiday are Chengdu, Chongqing, Beijing, Qingdao, Xi'an, Weihai, Changsha, Yanbian, Hangzhou and Dali.

Judging from the increase in bookings, northwest cities and niche cities have the fastest growth. The exotic house decoration has made Kashgar’s B&B bookings increase 45 times compared with the same period in 2019, ranking first. Bookings for Yanbian B&B in Northeast China, which has Korean characteristics, also increased 10 times compared with the same period in 2019, ranking eighth among popular B&B destinations. In addition, the booking volume of niche destinations such as Bortala Mongolian Autonomous Prefecture, Zibo, Shannan, Aksu, Hechi, Yunfu, Danzhou, Baicheng, and Ulanqab all increased by more than 10 times over the same period in 2019. This year’s National Day coincides with the Hangzhou Asian Games, and going to Hangzhou to watch the games has become a popular holiday choice for many sports fans. In addition to Hangzhou, the co-host cities of this Asian Games, Ningbo, Wenzhou, Huzhou, Shaoxing and Jinhua, have also attracted sports fans from all over the country.

Recently, reporters conducted on-site research on the second-hand and new house markets in Beijing and found that as of October 6, the number of second-hand house listings in Beijing reached a new high, exceeding 166,000 units. The policy of recognizing a house but not a loan has been implemented for more than a month, and the number of new listings exceeded 16,000. Some second-hand housing prices have dropped significantly, but overall they remain stable.

The 2023 National Day box office is rock solid with 2.723 billion, becoming the National Day box office champion

According to real-time data from Beacon Professional Edition, as of 21:00 on October 6, the total box office of the National Day period in 2023 reached 2.723 billion, with a total number of visitors exceeding 64.833 million and a total of 3.532 million screenings. The box office of the National Day period increased by more than 70% compared with last year. "Like a Rock" became this year's National Day box office champion, with "Ex 4: Young Marriage" and "Volunteers: Attack" ranking second and third respectively.

It is worth mentioning that this year's National Day holiday saw the market's box office decline for two consecutive days, and the box office trend was relatively strong, mainly due to the overall good reputation of this year's new National Day movies. According to the Beacon database, the ratio of male and female viewers in this year's National Day show is more balanced than this year's broader market, with female viewers accounting for 54%, slightly higher than the male viewers' 46%. Regionally, the box office share of third- and fourth-tier cities during this year's National Day holiday exceeded 42%, which is also the highest in history. The market downward trend is still obvious.

Today's data selection: International oil prices have plummeted strangely for two days; the number of second-hand housing listings in Beijing has reached a new high

Today's data selection: Beijing's new housing fever subsides on the eve of the full moon when people buy houses but don't buy loans; the prices of air tickets on many routes suddenly dropped during the National Day

The Ministry of Education reminds students to consciously boycott illegal off-campus training during the Double Festival. The Ministry of Education and the China Consumers Association jointly issue the following care tips to the parents of students: Arrange your holiday life reasonably. Consciously resist illegal off-campus training. Off-campus training institutions are not allowed to use national statutory holidays, rest days, winter and summer vacations to organize subject-based training in violation of regulations. Training in illegal subjects avoids supervision. Not only is it difficult to guarantee the quality of training, but it also poses a huge safety hazard. It can also easily lead to problems such as "difficulty in refunding fees" and "running away with money". Parents are requested to consciously resist training in illegal subjects and effectively safeguard their legitimate rights and interests. Prevent training payment risks. If you really need to participate in non-disciplinary training such as sports, culture and art, science and technology, parents are asked to clearly understand the institution's school-running qualifications and rationally choose an institution with "complete certificates and licenses" and standardized school-running. Paying training fees is subject to limitations

Today's data selection: Russia confirms that Prigoren died in a plane crash; Stamp duty on securities trading lowered again after nearly 15 years in China | supply chain | crash

The Russian investigation commission confirmed the death of Prigoren in the plane crash, stating that genetic analysis of the body in the plane crash in Tver Oblast has been completed. The results show that the identities of all 10 victims have been determined and match the list of flight personnel. On the evening of August 27th, after nearly 15 years, the Ministry of Finance and the State Administration of Taxation announced that in order to activate the capital market and boost investor confidence, the stamp duty on securities trading will be reduced by half from August 28th, 2023. From the perspective of market impact, all previous reductions in stamp duty rates for securities transactions have had a good boosting effect on the capital market. According to the first financial analysis, on April 24, 2008, the stamp duty rate for securities trading was lowered from 3 ‰ to 1 ‰, boosting the Shanghai Composite Index by 9. 9%

Today's data selection: A total of 10 cases of monkeypox have been reported in multiple regions; Youth Travel Service responded by rejecting patients aged 35 and above | Number | Youth Travel Service

A total of 10 cases of monkeypox have been reported in many places. From the current data, the number of reported cases of monkeypox infection in China has increased to 10. Some relevant experts told 21 reporters that monkeypox virus invades the human body through mucous membranes and damaged skin. Humans are infected primarily through contact with diseased exudates, blood, other body fluids, or by bites or scratches from infected animals. The transmission between people is mainly through close contact, but also through droplets. Contact with items contaminated by the virus may also be infected, and it can also be transmitted vertically through the placenta. However, sexual transmission cannot be ruled out at this time. "People who live with or have close contact with monkeypox patients, or who have frequent contact with potentially infected animals, are at greatest risk of infection. While newborns, young children, and patients with potential immunodeficiency

Today's data selection: In the first half of the year, the per capita earnings of A-shares were 39000 yuan; More than 20% of South Korean netizens support the scale of single person tax | South Korea | A-shares

The "largest scale" centralized procurement has come to an end, and traditional Chinese medicine enterprises will face a major "reshuffle"? Recently, the results of the nationwide traditional Chinese patent medicines and simple preparations collection, which is known as "the largest in history", has relatively complex rules and takes a long time, have been released recently, with an average price reduction of 49%. The overall price reduction is in line with expectations and relatively moderate, lower than the average reduction of 56% in the previous eight batches of nationwide drug procurement. It is reported that this is also the first time in China that traditional Chinese medicine has been collected in a centralized manner. The selected products have complete specifications and involve 6 treatment fields such as internal medicine and ophthalmology. Based on the winning results of the centralized procurement, a total of 63 enterprises and 68 representative products were selected, with a winning rate of 71.6%; The average decrease is 49.36%, and it is expected to save over 4.5 billion yuan in drug costs annually. For traditional Chinese medicine enterprises, centralized procurement of traditional Chinese medicine can achieve standardization through unified procurement and negotiation

Today's data selection: Beijing heat stroke has entered a high incidence period; Vietnam's Three Star Apple Factory Affected by Thermal Shock | High Temperature | High incidence Period

Beijing heat stroke into the high incidence of heat stroke is a severe heat stroke, clinical, heat stroke patients to the elderly and outdoor work groups. Traffic police, firefighters, construction workers, sanitation workers and other outdoor workers are prone to heatstroke due to long-term high-temperature environment, while many elderly people are not used to turning on air conditioners, resulting in excessive indoor temperature and rising humidity, which eventually leads to the occurrence of heat stroke. "Elderly people are highly susceptible to heat stroke due to inadequate thermoregulation. Most elderly people also have underlying diseases that, once they suffer from heat stroke, can cause abnormal liver function, kidney function, coagulation and respiratory failure, which are likely to be fatal." Zhang Qing, deputy chief physician of the emergency department of Chaoyang Hospital, said that family members should remind the elderly who live with them to turn on the air conditioner in time to cool down when they are at home in hot weather and ventilate frequently. Recent

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