B[Rising U.S. oil prices increase the burden on the people, Trump urges energy companies to increase production] September 3rd, according to U.S. sources, on September 1, local time, U.S. President Trump met at the White House with representatives and company executives from Chevron, Valero Energy, Marathon Oil and other energy companies to discuss issues such as increasing refining capacity. At the meeting, Trump urged energy companies to build new refineries and increase gasoline and diesel production. The meeting also discussed other ways to increase U.S. refining capacity, including simplifying regulations, speeding up the approval process and increasing investment. U.S. analysts believe that the White House hopes to lower gasoline prices before the November midterm elections, but it is not easy to increase the domestic refining capacity of the United States. Some companies believe that new refineries are not economically feasible, and the project construction period is long and cannot be put into operation in the short term. The continued war between the United States and Iran is having a wide-ranging impact on the U.S. economy. Rising oil prices and continued inflation have put a heavier burden on ordinary people in the United States, and many industries have also been affected. According to U.S. sources, due to the obstruction of transportation in the Strait of Hormuz, the price of gasoline and diesel in the United States has increased by about 30% compared with before the outbreak of the war in Iran, and the average American family has spent an additional US$500. At the same time, rising energy prices are pushing up inflation in the United States. (CCTV News) B[Domestic commodity futures closed mixed, crude oil rose more than 8%] On September 2, domestic commodity futures closed mixed, with some energy and chemical varieties opening higher and lower. Crude oil rose more than 8%, ethylene glycol rose nearly 6%, methanol and fuel oil rose more than 4%, pure benzene rose more than 3%, LU fuel and styrene rose nearly 3%, liquefied gas, container shipping lines, paraxylene rose more than 2%, PTA, staple fiber, asphalt, and pulp rose more than 1%. In terms of decline, palladium fell by nearly 5%, Shanghai silver and platinum fell by more than 3%, Shanghai tin and Shanghai gold fell by more than 2%, and coking coal, industrial silicon, No. 20 rubber, polysilicon, international copper, cotton, and caustic soda fell by more than 1%. B[The main domestic futures contracts were mixed, SC crude oil rose more than 9%] On September 2, the main domestic futures contracts were mixed, SC crude oil rose more than 9%, container shipping European lines and ethylene glycol (EG) rose more than 5%, methanol rose nearly 5%, fuel oil rose more than 4%, low-sulfur fuel oil (LU), liquefied petroleum gas (LPG) rose more than 3%, and pure benzene rose nearly 3%. In terms of decline, palladium fell by nearly 6%, Shanghai silver and platinum fell by more than 4%, lithium carbonate and Shanghai gold fell by more than 3%, and No. 20 plastic, Shanghai tin, and cotton fell by more than 2%.
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