Oil and chemical indices diverged

　　Last week (June 13-17), interest rate hikes by major European and American economies aggravated market concerns about global economic growth
.
However, China's securities market has gone out of the independent market.
Last week, the Shanghai Composite Index rose by 0.
97%, the Shenzhen Component Index rose by 2.
46%, the ChiNext Index rose by 3.
94%, the Science and Technology Innovation Board Index fell by 0.
96%, and the Chemical Index rose by 2.
79%.
, the oil index fell 2.
25%
.

　　In terms of energy, last week, Russia slashed its natural gas exports to Europe, and European natural gas prices soared by another 70% above their highs
.
On June 14, the US Department of Energy said it would sell 45 million barrels of strategic petroleum reserves, and oil prices fell sharply
.
Affected by this, on June 17, the settlement price of the main futures contract of New York crude oil futures (WTI) was 109.
56 US dollars / barrel, a decrease of 9.
21% from June 10; the settlement price of the main futures contract of Brent crude oil futures (Brent) was 113.
12 USD/barrel, down 7.
29% from June 10
.

　　From the chemical spot market, the top five petrochemical products that rose last week were trichloroethylene, up 11.
95%, pure pyridine up 10%, metal silicon up 6.
75%, coke up 6.
06%, and polymeric MDI up 6.
06%
.
The top five petrochemical products that fell were liquid chlorine down 19.
6%, acetic acid down 19.
03%, paraxylene down 16.
26%, butadiene down 9.
37%, and vitamin VA down 9.
09%
.

　　From the perspective of the capital market, the top five listed companies in the Shanghai and Shenzhen stock markets last week were Jitai, up 61.
31%, *ST Dewei up 27.
27%, Sanlipu up 27.
23%, Tianci Materials up 23.
78%, Shi Dasheng China rose 23.
02%
.
The top five listed companies with the largest declines were Qingdao Shuangxing, down 16.
16%, Fengshen, down 14.
18%, Guanghui Energy, down 13.
83%, Jusailong, down 12.
73%, and Tianhe, down 11.
75%
.

　　This week will focus on Federal Reserve Chairman Powell's semi-annual hearing in Congress
.
In terms of investment, in the context of global carbon neutrality, the game of supply and demand brings crude oil into a new cycle
.
From the perspective of commodity attributes, crude oil still has the conditions for high volatility in the short term
.
From the perspective of financial attributes, market expectations and risk appetite will affect crude oil investment, which in turn affects crude oil prices
.
Follow-up can pay attention to the oil and gas and oil service sector
.