News of the new network Last week, the conflict between Russia and Ukraine escalated. Alarmed by the geopolitical uncertainty, the global capital market has experienced ups and downs. US stocks fell sharply last Wednesday. Affected by this, the Shanghai Composite Index fell by 1.23% and the Shenzhen Component Index fell by 0.35%. However, the science and innovation board index rose 3.03% and the growth enterprise index rose 1.03%. Driven by the rise in oil prices, the chemical sector and oil sector increased by 3.43% and 1.35%, respectively.

Last week, the market was worried about the embargo on Russian oil, and the price of Brent crude oil futures once rose to $104/barrel, but then gave up most of the increase. As of last Friday, the price of WTI crude oil futures in April was $91.59/barrel, up by 0.57% a week; Brent crude oil futures was quoted $97.83/barrel, up by 4.59%.

From the chemical spot market, last week, the top five chemical products were tetrachloroethylene, up by 29.74%, liquid chlorine, up by 19.89%, yellow phosphorus, up by 14.38%, p-xylene, up by 12.39% and potassium chloride, up by 11.25%; The chemical products with the top five declines were melamine down by 18.34%, acetic acid down by 17.86%, cyclohexanone down by 8.79%, paraquat down by 8% and dimethyl carbonate down by 7.84%.

From the perspective of the capital market, last week, the top five listed chemical enterprises in Shanghai and Shenzhen were * ST Lok material, Fubon shares, Hesheng Silicon, Yahua Group and Guofeng Plastics, up by 47.41%, 36.85%, 31.23%, 29.63% and 20.88%, respectively; The top five listed companies with declines were Poly United, Sankeshu, Guoporcelain Materials, Zhennan Technology and Nanling Civil Explosion, which fell by 16.3%, 13.43%, 9.25%, 8.87% and 8.49%, respectively.

For the trend of the capital market this week, the industry believes that the focus of attention is whether Russia and Ukraine can return to the negotiating table. Although the sanctions still do not directly consider the option of Russian energy, and the United States has repeatedly stated that the sanctions will reduce the impact on the energy market as much as possible, but the market is worried that Russia's oil and gas supply and the settlement to Europe will be affected as Russia was kicked out from the SWIFT system. Therefore, a sharp rise in oil prices will happen again. You can pay attention to the oil and gas sector and oil service sector.

In addition, OPEC + monthly meeting will be held this week, and the National People's Congress will be opened. You can pay attention to the government work report. Moreover, it is noteworthy that the inventory of domestic potassium chloride is at a historical low. With the potash import contract price hitting a record high, the global agrochemical industry continues to boom, the domestic demand for spring farming increases, and the prosperity of potash related sectors is expected to continue to rise.