Crude oil prices surge significantly, supported by strong cost fundamentals. PX short-term supply and demand are accumulating inventories, while the medium-term supply and demand outlook is expected to improve. Maintain a bullish view, paying attention to crude oil price trends, refinery maintenance intensity, and downstream restart progress. (First Capital Futures)
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First Capital Futures: Crude oil surges, PX futures prices rise sharply
Crude oil prices surge significantly, supported by strong cost fundamentals. PX short-term supply and demand are accumulating inventories, while the medium-term supply and demand outlook is expected to improve. Maintain a bullish view, paying attention to crude oil price trends, refinery maintenance intensity, and downstream restart progress. (First Capital Futures)