International oil prices have turned from rising to falling. Cloth oil is currently down nearly 0.3% to $77.88. WTI crude oil is currently down 0.55% to $68.39. Earlier, according to the Russian Tass news agency, Russian Energy Minister Novak said that the OPEC+ meeting may discuss oil production increased by 1 million barrels per day.

Russian Energy Minister Alexander Novak said that at the upcoming Algiers meeting, OPEC+ may discuss options to increase oil production by more than 1 million barrels per day.

Novak said: “I think we have the opportunity to discuss any situation of the situation, we need to consider the situation and the most convenient action.”

He said that in August, our implementation rate of production cuts was 108%. In other words, we have not even fully resumed production. We will discuss this situation and see what happens in the fourth quarter of demand and projected supply, taking into account the actions of the OPEC+ countries and the countries that are not part of the agreement. ”

According to the Tass news agency, 16 countries have been invited to participate in the OPEC+ ministerial meeting held in Algiers on September 23.

OPEC Secretary-General Mohammad Barkindo said in an interview in Dubai on Sunday that a historic crude oil supply agreement between Saudi Arabia, Russia and other oil-producing countries at the end of 2016 is necessary to become a permanent agreement. He said that although crude oil consumption “begins to face some unfavorable factors”, crude oil demand is “strong.” Barkindo did not elaborate on these disadvantages.

Wall Street has previously mentioned that OPEC’s latest monthly report pointed out that the global oil supply will remain stable until 2019, but global crude oil demand growth may slow down.

OPEC pointed out that the trade situation is tense, the central bank tightening monetary policy and the financial problems of some emerging market countries “have challenged the current global economic growth trend.” “Monitoring the uncertainty of monetary and financial markets is crucial.”

According to the data monitoring of business organizations, on September 10, the average price of acetic anhydride enterprises was 7231.25 yuan/ton, which was 0.09% lower than the previous trading day and up 47.33% year-on-year.

On September 9th, the acetic anhydride commodity index was 143.44, which was the same as yesterday, which was 13.45% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 73.70% higher than the lowest point of 82.58 points on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

On September 10, the domestic quotation of acetic anhydride was temporarily stabilized, and the market transaction price was stable. In most areas, the factory price is 6700-7100 yuan / ton, the actual transaction price is stable, the actual transaction price is about 6500-7000 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid has risen, the price of raw material methanol has risen, and the overall cost of acetic anhydride manufacturers has risen, which has formed a positive effect on the price of acetic anhydride. The operating rate of downstream customers has rebounded, and the demand for acetic anhydride is favorable. The recovery of downstream purchases provided support for the increase in the price of acetic anhydride. However, with the increase in the operating rate of acetic anhydride equipment, the supply of acetic anhydride increased, while the demand for acetic anhydride recovered slowly. It is difficult to support the price of acetic anhydride to continue to rise, raw material prices. Rising, the cost of acetic anhydride rose, the price of acetic anhydride has a strong upward momentum support, and it is expected that the price of acetic anhydride will fluctuate and adjust. The overall domestic acetic anhydride price is difficult to rise and fall sharply, with a small increase and decrease.

On August 31, Nelson Pizarro, CEO of Chile’s National Copper Company (Codelco), said that the company’s copper production in the first half of 2018 was 875,000 tons, of which 813,000 tons were produced from its own copper mines, compared with the same period last year. Increase by 2%.

According to London Bloomberg News on August 28, a person familiar with the matter said that Saudi Arabia has approved 40 years of concession rights from its state-owned oil company to exploit the Kingdom’s oil and gas reserves as Saudi Aramco is preparing for an initial public offering.

This agreement replaces the guidelines that were agreed upon when the Kingdom initially agreed to let the company drill for oil since 1933. Saudi Aramco declined to comment, the source said, asking not to mention internal issues.

Since Saudi Aramco completed the acquisition of a local petrochemical company with a majority stake of up to $70 billion, the initial public offering (IPO) has been shelved, and this legal change may not be meaningful at first. But Saudi oil minister Khalid al Falih said last week that Saudi Arabia is still “committed to Saudi Aramco’s initial public offering” when conditions are at its best.

Falih said Riyadh re-issued “long-term exclusive concessions” to state-owned companies as part of the preparations for the initial public offering (IPO). Another person familiar with the matter said that the new 40-year concession includes a 20-year extension and will be extended for another 20 years.