Glonghui, Feb. 3 丨 UBS Research Report said that international oil prices continued to fluctuate in January this year, mainly affected by factors such as the recovery in Chinese demand, strong Russian pipeline oil exports, global economic indicators, and interest rate hike expectations. The spot price of Brandt crude rose slightly to an average of about $82.8 per barrel in January. The bank still expects oil demand to return to 2019 levels this year, but lowered its forecast for this year's Brandt crude oil price from $95 per barrel to $90 per barrel. The bank mentioned that due to the recent rise in prices of some chemical commodities, it is optimistic about related individual stocks, namely Longbai Group, Satellite Chemical, and Wanhua Industrial. In addition, the bank recommended Sinopec's A/H shares with low valuations and high dividends, and CNOOC Oil Services; large refining companies whose profits are expected to improve, such as Hengli Petrochemical and Rongsheng Petrochemical, as well as producers of new materials with rapidly growing demand such as Seiko Technology, Yihuatong's A/H shares, and Jingrui Electric. The above are all “buy” ratings.
大行评级 | 瑞银:降今年布油预测至每桶90美元 荐中石化、中海油服及亿华通
Big Bank Ratings | UBS: Lowering this year's oil forecast to $90 per barrel, recommending Sinopec, CNOOC Oil Services and Yihuatong
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