Another Cargo Ship Attacked in Strait of Hormuz

The UK Maritime Trade Operations Office stated on the 11th local time that a cargo vessel was struck by an unidentified projectile in the Strait of Hormuz, marking the second such incident reported to the office within approximately two hours. In a statement, the UK Maritime Trade Operations Office said the incident occurred 50 nautical miles northwest of Dubai, United Arab Emirates, and no casualties have been reported so far. Earlier that day, the UK Maritime Trade Operations Office reported that a cargo vessel in the Strait of Hormuz had been struck by an unidentified projectile, causing the vessel to catch fire.

On March 11, international oil prices continued to rise, with U.S. oil surging nearly 6% and Brent crude oil increasing by more than 5%.

Securities Star News,Great Southeast(002263) On March 11, the company replied to investors' questions on the investor relations platform. Investor Inquiry: The company's subsidiaryNingbo WanshangThe produced BOPP capacitor film product has been used in the military field. Then, does the subsidiary Ningbo Wanxiang have military qualification? Da DongnanReply: Hello. Company subsidiaryNingbo MixCPossess military qualification. Thank you for your attention!

According to informed officials,The International Energy Agency (IEA) has proposed releasing the largest oil reserve in history to curb the sharp rise in crude oil prices during the US-Iran war.Officials stated,This release will exceed the total 182 million barrels of oil released by IEA member countries in two batches following the outbreak of the Russia-Ukraine conflict in 2022.The proposal was circulated at the emergency meeting of energy officials from IEA's 32 member countries on Tuesday.Countries are expected to decide on the proposal on Wednesday.If no country objects, the proposal will be adopted; however, if even one country raises an objection, the plan could be delayed.

The midday closing of the domestic futures main contracts showed mixed performance. Caustic soda, Container Freight Index Europe, and PET all rose more than 7%, while PVC, butadiene rubber, and paraxylene rose more than 5%. On the downside, SC crude oil fell more than 9%, lithium carbonate fell more than 5%, and fuel oil fell more than 4%.