Energy and chemical futures plunge collectively, with severe price fluctuations

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%.