G7 to Discuss Release of Oil Reserves, Oil Prices Fall Rapidly

On March 9, an investor asked Nanjing Julong about the company’s development plans in the commercial aerospace and humanoid robotics fields. In response, Nanjing Julong stated on the interactive platform that the company primarily engages in the research and development, manufacturing, and sales of high-performance polymer new materials and advanced composite materials. Its products are widely applied in automotive, new-energy vehicles, high-speed rail and rail transit, communications and electronic/electrical equipment, aerospace and low-altitude economy, medical health, and environmental protection construction engineering sectors. For specific applications, please refer to the company’s periodic reports.

  March 9 — As the Middle East conflict continues to escalate, driving up global oil prices, the South Korean government has taken emergency action. President Lee Chan-min, at an emergency economic meeting on Monday, called for the “swift introduction and bold implementation of a maximum oil price system” to curb excessive price hikes. He made these remarks as international oil prices neared $120 per barrel—reaching their highest level since 2022. Production cuts by Middle Eastern oil-producing countries, the ongoing blockade of the Strait of Hormuz, and escalating U.S. threats of deeper involvement in the conflict have continued to strain energy markets. South Korea relies almost entirely on imported energy, with approximately 70% of its oil imports passing through the Strait of Hormuz. This proposed oil price cap mechanism would mark the first time in nearly 30 years that South Korea has employed such a measure, aimed at mitigating the impact of geopolitical turmoil on the nation’s domestic energy supply chain.

U.S. President Trump told Israeli media on the 8th that he would make the final decision to end military operations against Iran at the "appropriate time."

Brent crude oil futures fell below $108 per barrel, with the intraday gain narrowing to 16%. WTI crude oil futures fell below $104 per barrel, with the intraday gain narrowing to 14%. Reports said G-7 will discuss jointly releasing emergency oil reserves.

In March 2026, China’s lithium battery industry exhibited a “strong off-season” phenomenon, with production capacity utilization increasing by 11%–22% month-on-month. Rising prices of upstream raw materials such as lithium carbonate drove a broad-based price recovery across the entire industry chain. Looking at the full year, segments including lithium hexafluorophosphate (LiPF6), separators, and copper/aluminum foils possess pricing upside potential; meanwhile, emerging technologies—such as solid-state batteries, sodium-ion batteries, and composite copper foils—are accelerating industrialization. Guojin Securities (600109) recommends focusing on segments with pricing power and industry leaders in solid-state battery technology.