August 24, U.S. crude oil futures prices fell in Asian electronic trading below 73 U.S. dollars a barrel, has been declining for 5 consecutive trading days. The U.S. Energy Information cheer for the oil market, said China, India and other countries will demand a more robust growth momentum, will help the U.S. domestic oil inventories fell from a high, boosting oil prices.

        However, international oil prices crude oil imports in China released data. July, China imported 19 million tons of crude oil, from the data, the first 7 months of total imports of crude oil surged 24.21% to reach 139.6 million tons. Meanwhile, in July import 2.78 million tons of refined oil, the high of 2.54 million tons last month. In the last year looking for the international oil market, the mainstay of the emerging markets, especially China's oil consumption, in this year's supporting role on the international oil prices significantly limited.

        Analysts pointed out that this is because domestic crude oil demand is slowing, but also because the international crude oil on the macroeconomy more sensitive to the uncertainty of the economy against the rising power of crude oil.

        Zhuo Lu Bin, an oil analyst at the record of information received, "International Finance News" interview, said: "the first 7 months of domestic refinery operating rates are high, the basic operating at full capacity refinery capacity is leading to higher crude oil imports in the first half the main reason. "However, he pointed out that, in fact, oil imports in July has decreased, a turning point during the year.

        China's July crude oil imports, decreased by 15%, from June's 22.27 million tons to 19 million tons substantially reduced, but also lower than the same period last year, the import volume of 19.6 million tons. Lu Bin said: "July refinery maintenance shutdown beginning in succession, and that the local cuts will continue into August, so imports will be phased low of seven or eight months there."

        August 23, "Xinhua 08 System" published in July China's oil inventory data showed crude oil stocks end 7 (excluding reserve stock) 29.2 million tons, up 40 late than 6 million tons, up 1.3% in the chain. Stock up is indicative of the demand is slowing.

        In addition, Lu Bin believes that the current oil prices on demand is more sensitive than macroeconomic.

        Zhou Lei Li Shanghai interim analyst pointed out to reporters: "In fact, Chinese demand is not supported, the international oil price will not be 70-80 U.S. dollars of this price shock. Now China has established economic slowdown, and also to further economic restructuring, regulation of the property market has not signs of relaxation, external forecasts of China's economic growth in the third and fourth quarters will continue to slow. This dispel speculation in the market by demand from China to boost oil prices intention. "

        Liu Xiao Hai permit futures analyst said: "International oil prices in the second half is expected to be the next step, in 65 to 75 U.S. dollars per barrel between the vibration correction, if the economic data down faster than expected and might even hit 60 U.S. dollars per barrel . "(Pei Xuan)