The specific time of the second round of Russia Ukraine negotiations has been delayed, and oil prices continue to soar.
On the morning of March 3, the international oil price continued to perform strongly, and the ice oil distribution sector once hit the $118 mark. Crude oil futures rose by the limit on China’s futures market. On the A-share market, oil and gas, coal, gas and other resource stocks rose one after another.
The situation in Russia and Ukraine continues to disturb the global market. According to Xinhua news agency, China Central Television News and reference news, on March 2 local time, the FTSE Russell index provider issued a statement that FTSE Russell will delete all Russian stocks from the opening on March 7, 2022. The Canadian government expanded the sanctions list against Russian officials. The Japanese government will freeze the assets of four banks including VTB, Russia’s second largest bank. Fitch, an international rating agency, adjusted Russia’s long-term sovereign credit rating from BBB to B.
The escalation of the situation in Ukraine and the Western sanctions against Russia triggered by it further exacerbated the tension in the global supply chain and also affected the automobile manufacturing industry. Several automobile manufacturers, including Volkswagen and BMW, announced that some factories were temporarily suspended.
On March 3 local time, Russian tycoon Abramovich said he plans to sell his Chelsea Football Club and the income will be used for charity. At the same time, he will also sell his property in the UK. In March 2021, according to Forbes magazine, his assets were about 14.5 billion US dollars, ranking 12th in Russia and 142nd in the world.
According to the global times, Ukrainians are taking action to search for suspicious marks. In recent days, mysterious “X” signs have frequently appeared in many places in Ukraine, causing tension between the Ukrainian government and the people. These signs appear on the roof of high-rise buildings, at the entrance of buildings or at the intersection of major traffic roads. Ukrainian analysis believes that the purpose of these marks includes giving directions to the Russian army and clarifying attack targets. In particular, the mayor of Kiev warned that the largest number of suspicious marks appeared in the capital of Ukraine. Ukrainians drawing these marks are treason. Once found, they will be severely punished, face 12 to 15 years’ imprisonment and may also be sentenced to confiscation of property.
the situation between Russia and Ukraine remains tense
At present, the specific time of the second round of Russia Ukraine negotiations has not been determined, and the situation between Russia and Ukraine continues to be tense.
According to Xinhua news agency, alahamia, chairman of the parliamentary group of the Ukrainian people’s public servant party, said on the 2nd that the negotiations between the Ukrainian and Russian delegations would not be held in the belovedge forest in Belarus. The previous statement that the negotiations would be held in the belovedge forest was inconsistent with the facts.
The head of the Russian delegation and assistant to the president medynski said on the 2nd that the Russian delegation has arrived at the negotiation site in Brest, Belarus, and is ready to hold a second round of negotiations with the Ukrainian delegation. The Ukrainian delegation will arrive at the negotiation site on the 3rd local time.
Western countries are continuing to increase sanctions against Russia.
According to China Central Television News, on March 2 local time, the FTSE Russell index provider issued a statement saying that from the opening on March 7, 2022, FTSE Russell will delete all Russian stocks . The independent advisory committee and other stakeholders have been consulted on this initiative.
On March 3 local time, Fitch, an international rating agency, adjusted Russia’s long-term sovereign credit rating from BBB to B.
On March 2 local time, the Canadian government announced that it had expanded the sanctions list against Russian officials. Medvedev, vice president of the Security Council of the Russian Federation, Russian Prime Minister mishuskin, Moscow mayor sobyanin and St. Petersburg mayor beglov were all listed as targets of sanctions.
On March 3, Japanese finance minister Junichi Suzuki said that the Japanese government would freeze the assets of four banks, including VTB, Russia’s second largest bank, which had not been the target of sanctions before.
On March 2 local time, German oil and gas company Wintershall DEA said it would stop paying to Russia and withdraw its impairment loss of 1 billion euros (about US $1.1 billion) in the “beixi-2” natural gas pipeline project. Wintershall DEA is one of the five investment companies in the “beixi-2” natural gas pipeline project.
In addition, according to China Central Television News, on March 2 local time, Pentagon spokesman John Kirby said that US Defense Secretary Austin had ordered to postpone the test launch of “militia 3” intercontinental ballistic missile originally scheduled for this week. Kirby said that at this time node, both the United States and Russia need to be clearly aware of the risk of strategic miscalculation and take measures to reduce this possibility.
Minuteman 3 missile is an important part of the US strategic nuclear force of the trinity of sea, land and air. It is also the only land-based intercontinental ballistic missile in active service.
Russia Ukraine conflict affecting global supply chain
According to China Central Television News, the escalation of the situation in Ukraine and the Western sanctions against Russia triggered by it have further exacerbated the tension in the global supply chain and affected the automobile manufacturing industry.
China Central Television News quoted media reports on March 2 local time as saying that several carmakers announced suspension of work. Among them, the factory of Porsche company of Volkswagen Group in Leipzig, Germany began to shut down on the afternoon of the 2nd and is expected to last at least until the end of next week; Volkswagen’s factory in Saxony, Germany, has encountered cable shortages. The production of BMW Group’s factories in Germany and other parts of Europe is expected to be affected.
Japan’s Mitsubishi Motor Company and France’s Renault motor company also announced that they may partially suspend automobile production and sales in Russia due to concerns that Western sanctions against Russia may cause logistics bottlenecks and interfere with the supply chain.
According to Xinhua news agency, the World Health Organization warned on March 2 that the ongoing conflict between Russia and Ukraine may lead to the further spread of covid-19 virus, raising the risk of a significant increase in severe cases of covid-19. Who director general Tan Desai said at a press conference on the same day: “large-scale population movements may lead to the further spread of covid-19 virus and increase the pressure on the health systems of neighboring countries.”
cloth oil up to 118 USD
a-share resource stocks rose together
Crude oil prices continued to soar.
According to the data, in the morning of March 3, the international oil price continued its recent strong performance. The main contract of ice oil distribution futures once rose above US $118, and the main contract of NYMEX crude oil approached us $115.
In China’s futures market, the limit of crude oil futures rose soon after the opening; Lu, PTA, fuel oil, LPG and other energy and chemical varieties rose sharply.
Source: Wenhua Finance
In the A-share market, resource stocks rose sharply together.
According to the data, as of the midday closing, oil and gas, coal, gas and other related sectors performed well, setting off a wave of limit trading. Among individual stocks, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) zigzag board rose the limit, and Renzhi shares, Yunnan Coal & Energy Co.Ltd(600792) , Beijing Haohua Energy Resource Co.Ltd(601101) , Mcc Meili Cloud Computing Industry Investment Co.Ltd(000815) etc. all raised the limit shortly after the opening.
Citic Securities Company Limited(600030) 3, the research report said that the short-term oil price trend still needs to continue to track the evolution of the situation in Russia and Ukraine. If Europe and the United States continue to increase sanctions against Russia and severely restrict the export of Russian crude oil and natural gas, it will lead to a substantial shortage of global crude oil and natural gas. It does not rule out the possibility that the oil price will rise to $120 / barrel or even higher in the short term.
Citic Securities Company Limited(600030) said that even without considering the conflict between Russia and Ukraine, there is strong fundamental support for short-term oil prices Citic Securities Company Limited(600030) maintain that the oil price center in 2022 will be significantly higher than the prediction in 202 7
From the perspective of investment, Citic Securities Company Limited(600030) said that high oil prices are good for the release of performance of relevant industrial chains. First, oil and gas producers that directly benefit from high oil prices; Second, oil service suppliers; Third, under the high oil price, the cost advantage of coal chemical industry and light hydrocarbon cracking is prominent, and attention is paid to the leader of coal chemical industry. Long term focus on refining and chemical leaders with high safety margin and considerable growth.
