Energy and chemical futures plunge collectively, with severe price fluctuations
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According to Golden Ten Data Futures on March 10, the main contracts of energy and chemical commodity futures experienced significant volatility, with a broad decline in the morning session. The Containerized Freight Index (Europe Line) dropped by more than 12%, SC crude oil fell by over 11% after previously surging more than 8%, ethylene glycol and methanol both declined by over 9%, caustic soda dropped more than 8% and at one point hit the daily limit down, butadiene rubber fell over 7%, while pure benzene, asphalt, polyvinyl chloride (PVC), low-sulfur fuel oil (LU), PX, fuel oil, glass, PTA, and liquefied petroleum gas (LPG) all dropped by more than 5%. Urea, bottle-grade PET chips, and plastics fell by more than 4%.
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