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[Caixin Futures: Energy and Chemical Sector Generally Strengthens] ⑴ The Trump administration recently canceled the summit in Budapest and imposed sanctions on Russian oil companies, and the EU officially passed the 19th round of sanctions against Russia. ⑵ This may lead to countries like India reducing their purchases of Russian oil, causing a significant rebound in international oil prices. ⑶ Considering that OPEC+ may implement a slight production increase again at its meeting this Sunday, sentiment has turned neutral. ⑷ However, with expectations of interest rate cuts, crude oil prices may remain strong. ⑸ The US and EU announced a new round of sanctions against Russia, with the US sanctions against Russia's two largest oil companies triggering a strong reaction. ⑹ Expectations of reduced supply of high-sulfur fuel oil remain, and prices rebounded following crude oil. ⑺ OPEC+ may increase production slightly again at its meeting this Sunday, but with positive macroeconomic expectations, fuel oil prices are expected to fluctuate with a slight upward bias. ⑻ Market sentiment in Shahe has improved somewhat, with some mid- and downstream companies restocking, and some manufacturers experiencing good sales and slightly raising prices. ⑼ Currently, glass supply is gradually turning positive year-on-year, while demand is still declining significantly year-on-year, and the actual pressure remains significant. (10) However, the market showed resilience in the short term due to stronger commodity sentiment. (11) Considering the rising cost logic, the downside potential for glass futures may be limited; a slightly bullish outlook is recommended. (12) The domestic soda ash market remained stable with no significant price fluctuations. Downstream demand was lukewarm, and low-price restocking transactions were occurring. (13) The production of products from the Alashan Phase II project may be delayed. Short-term coal costs have constrained the decline; a slightly bullish outlook is recommended. (14) The Shandong liquid caustic soda market remained weak, with some companies continuing to lower prices, and most companies increasing their inventory at the end of the month. (15) Supply remained ample, and while downstream deliveries increased slightly, there was no peak season restocking demand for non-aluminum products. (16) There were no signs of improvement in fundamentals; a slightly bearish outlook for caustic soda futures is recommended. (17) The spot price in Taicang rose by 3 yuan to 2210 yuan, while the price in the northern Inner Mongolia region remained unchanged at 2010 yuan. ⒅ Futures prices fluctuated slightly higher today, while the inland methanol market saw narrow fluctuations, with smooth auction transactions. ⒆ Port methanol market basis remained stable, with moderate trading volume, and port inventories remaining high in the short term.