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At the start of night trading, most domestic futures contracts declined, with fuel oil falling over 6%, SC crude oil down nearly 5%, low-sulfur fuel oil (LU) down over 4%, methanol and liquefied petroleum gas (LPG) down nearly 4%, and polypropylene,

2026-11-09

At the start of night trading, most domestic futures contracts declined, with fuel oil falling over 6%, SC crude oil down nearly 5%, low-sulfur fuel oil (LU) down over 4%, methanol and liquefied petroleum gas (LPG) down nearly 4%, and polypropylene, propylene, and benzene down over 3%. On the upside, Shanghai gold futures rose over 1%.

Other News
2026-11-09

OPEC said the global push to electrify will lift electricity demand for decades but risks understating oil's role, because manufacture, transport and maintenance of equipment, cables and charging infrastructure depend on oil and petrochemical product

OPEC said the global push to electrify will lift electricity demand for decades but risks understating oil's role, because manufacture, transport and maintenance of equipment, cables and charging infrastructure depend on oil and petrochemical products. It cited that mid‑size EVs may contain about 45% more plastics and polymer composites than comparable ICE cars, wind turbines derive roughly 15% of their weight from oil‑derived materials and crystalline silicon solar panels about 10%. Grid construction and renewable installations also rely on oil‑derived products. OPEC said energy sources are not zero‑sum and meeting global demand, alleviating energy poverty and ensuring energy security will require multiple fuels; the future should be an 'era of all fuels', not solely an 'electricity era'.
2026-11-09

cenc reported a M5.7 earthquake at 12:52 on Nov 9 in waters off eastern Honshu, Japan; hypocenter depth 10 km.

cenc reported a M5.7 earthquake at 12:52 on Nov 9 in waters off eastern Honshu, Japan; hypocenter depth 10 km.
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