U.S. Crude Oil Soars 11% as Trump Vows More Strikes Against Iran
、According to foreign media reports, U.S. crude oil futures experienced sharp volatility on Thursday, closing up more than 11%, while Brent crude prices surged nearly 8%. This followed U.S. President Trump’s statement on Wednesday that the United States would continue launching attacks against Iran, triggering traders’ concerns over potential prolonged disruptions to oil supplies. Trump indicated that the U.S. would intensify its military strikes against Iran but did not specify a timeline for ending the conflict nor disclose any measures that could lead to the reopening of the Strait of Hormuz. What traders are truly concerned about is that, if Iranian oil infrastructure is now at risk and further damage to the region is likely, the timeline for resuming oil transportation in the area could be further delayed—even if the infrastructure remains intact.
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2026-06-12 11:45:52
China Futures Main Contracts Rise More Than Fall
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2026-06-12 10:39:35
Chery and Yinwang Intelligence Sign Strategic Cooperation Agreement to Tackle the Mass Production and Implementation of L3/L4-Level Autonomous Driving
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2026-06-12 09:45:56
One-Year Shutdown! This Million-Ton Olefin Cracking Unit Restarts
According to foreign media reports,Dow has announced that its LCH3 steam cracking unit in Terneuzen, the Netherlands, has resumed operations. The cracker had previously delayed its planned maintenance, originally scheduled for June 2025, due to weak market conditions, and was subsequently shut down, remaining out of operation until now.In January 2025, Dow Chemical stated that it would suspend operations at the plant until market conditions improve. The cracker has a nameplate capacity of 680,000 metric tons of ethylene per year and 286,000 metric tons of propylene per year, and it was commissioned in 2000. -
2026-06-12 09:36:25
Polyethylene Demand Weakened in May and Prices Fell; Prices May Continue to Decline in June
In May 2026, the cost support of crude oil for PE weakened. Domestic production increased while imports continued to decrease, leading to a slight overall increase in supply. The downstream sector is in a traditional demand off-season, with low enthusiasm for raw material procurement, which is bearish for the spot market. In June, cost support is expected to continue weakening, with an anticipated increase in domestic supply, and in the off-season for demand, the price focus of the PE market may continue to decline. -
2026-06-12 09:36:10
China's Power and Energy Storage Battery Sales Rise 47.4% YoY in May
In May, China’s power and energy storage battery sales reached 182.2 GWh, up 11.0% month on month and 47.4% year on year.Among them, power battery sales reached 127.0 GWh, accounting for 69.7% of total sales, up 16.6% month-on-month and 45.2% year-on-year; energy storage battery sales reached 55.2 GWh, accounting for 30.3% of total sales, down 0.1% month-on-month and up 52.7% year-on-year.
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