Black color, rising enthusiasm quickly transferred to the chemical field, days of all varieties were unilateralism, methanol, plastics (10565, 55, 0.52%), PP rose nearly 4%. asphalt 1706 contract early straight up, strong break the pre shock interval, hitting the daily limit of 2968 yuan / ton, a stage high, closed at 2938 yuan / ton, up 5.91%. after asphalt downstream inventory is low, and the coking material prices remain strong, the Northeast refinery coking materials to maintain production, the overall increase of asphalt resource co.. While the festival of northern winter demand stable release, spot prices strong than expected, so the price up plenty of confidence. The rubber rose more than 5%, as a new high. The supply side is currently in the rubber stop cutting period, this is in a strong period, while demand for optimistic expectations of renewed support, rubber prices follow the overall atmosphere of strong commodity.

Chemical soaring investors began to focus on how to interpret the bellwether in crude oil futures. The beginning of November 14, 2016, the international oil price from $44 / barrel once stood 56 U.S. dollars / barrel, since the cumulative increase of 24%. for this round of rally, the organization of Petroleum Exporting Countries (OPEC) production is a thunder.

In November 30th, OPEC made the decision at the Vienna meeting, members of the collective cut 1 million 200 thousand barrels of daily crude oil production, the average daily output of 32 million 500 thousand barrels in the peak control, production agreement from January 1, 2017 implementation, for a period of 6 months, 6 months after the extension of the implementation of the agreement will continue to depend.

Not only that, in December 11th, OPEC and non OPEC producers reached fifteen years ago the first joint production agreement in Vienna, this is a landmark event, detonated long passion. Because the OPEC is no longer expected yield, slow growth in demand for crude oil, the market generally believes that in the second half of 2017 to the first half of 2018, global oil supply and demand is expected to achieve rebalancing.