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Crude oil futures contracts fell sharply in the short term, with SC crude oil down 5.46% to 713.2 yuan/barrel. Low-sulfur fuel oil (LU) fell 1.94% to 5408 yuan/ton. Fuel oil fell 2.35% to 4159 yuan/ton. Asphalt's intraday gains narrowed to 1.02% to 5

2026-09-21

Crude oil futures contracts fell sharply in the short term, with SC crude oil down 5.46% to 713.2 yuan/barrel. Low-sulfur fuel oil (LU) fell 1.94% to 5408 yuan/ton. Fuel oil fell 2.35% to 4159 yuan/ton. Asphalt's intraday gains narrowed to 1.02% to 5836 yuan/ton.

Other News
2026-09-21

IRNA: Houthi rebels in Yemen are advancing toward Taiz and have reportedly surrounded the area.

IRNA: Houthi rebels in Yemen are advancing toward Taiz and have reportedly surrounded the area.
2026-09-20

CSC Financial says A-share market has entered a second-stage recovery. Middle East geopolitical spillovers lifted oil and long-end UST yields earlier but that phase has eased; oil and long-end UST yields have retreated. With domestic easing on rates

CSC Financial says A-share market has entered a second-stage recovery. Middle East geopolitical spillovers lifted oil and long-end UST yields earlier but that phase has eased; oil and long-end UST yields have retreated. With domestic easing on rates and a stable RMB, leadership is rotating back to earnings and capital is returning to high-profitability sectors. Key risks: the persistence of overseas rate and oil declines and external shocks around the FOMC meeting at end-October. Recommended positioning: balanced, layered. Offensive overweight: compute-capacity supply-constrained segments (optical chips, PCB manufacturing, CCL, server OEMs) and industrial base metals (copper, aluminum, tin). Defensive base: dividend-yielding assets as core ballast. Tactical: selective, policy-driven domestic-demand opportunities in agriculture, medical aesthetics, and textiles/apparel.
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