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Oil and chemical index trend divergence

 Last Update: 2022-04-26
 Source: Internet
 Author: User

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Last week (March 21-25), two main lines dominated the risk asset market
.

One is the oil market, where oil and natural gas prices have soared and then dropped, and the other is that the Federal Reserve intends to speed up the pace of interest rate hikes, causing the bond market to be hit hard one after another

Around the energy sanctions against Russia, Russia announced that oil and gas transactions with "unfriendly" countries will be denominated in Russian rubles
.

After the announcement, Brent crude futures gapped up by $5, up 6% in a single day

From the perspective of the chemical spot market, the top five chemical products that increased were liquid chlorine up 41.
84%, scandium (SC) up 18.
48%, sulfuric acid up 14.
55%, paraxylene (PX) up 13.
53%, and yellow phosphorus up 10.
74%
.

The top five chemical products that fell were 107 rubber fell by 17.

From the perspective of the capital market, the top five listed companies in the Shanghai and Shenzhen stock markets were Zhongxin Fluorine Materials, which rose 44.
05%, Xinghu Technology, which rose 32.
76%, Yongtai Technology, which rose 30.
02%, Yabang, which rose 20.
59%, and Yapotash International, which rose 32.
76%.
up 20.
45%
.

The top five listed chemical companies with a decline were Yunnan Energy Investment, which fell by 20.

　　Market focus this week remains on the Russia-Ukraine conflict and the resulting sanctions and counter-sanctions
.

Whether the OPEC+ ministerial meeting can respond to U.

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