Russian “Bulletin” website on March 5, the United States Congress announced at the end of February “on the security of the United States from Kremlin aggression” (DASKA), the bill is a supplement to the “Punishment Against the United States Enemy Act” (CAATSA) issued in 2017.

According to the new law, the United States can impose sanctions on legal persons involved in new crude oil exploitation projects in Russia. The direct target of sanctions mentioned in the field of natural gas is the LNG projects implemented by Russia abroad.

However, the United States Industrial Safety Agency (BIS) issued an executive decree in 2014, stipulating that condensate gas is also included in the concept of “crude oil”, so related areas are also included in the sanctions.

According to data released by the General Administration of Customs on March 8, China exported 657,000 tons of coal in February, an increase of 189,000 tons, an increase of 40.4%, and an increase of 55,000 tons, an increase of 9.1%.

Coal exports in February amounted to $97.7 million, an increase of 61.8% over the previous year, and a decrease of 11.5% over the previous year. Based on this, the unit export price is estimated to be 148.7 US dollars per ton, down by 34.7 US dollars per ton annually and up by 19.6 US dollars per ton year on year.

From January to February 2019, China exported 1.259 million tons of coal, an increase of 68.1% over the same period last year; the cumulative export amount was US$208.1 million, an increase of 77.0% over the same period last year.

According to data released by the General Administration of Customs on March 8, China imported 17.641 million tons of coal in February, a decrease of 3.265 million tons, a decrease of 15.6%, and a decrease of 15.862 million tons, a decrease of 47.3%.

Coal imports in February were $119.3 million, down 33.3% and 57.5% year-on-year. Based on this, the unit price of imports is estimated to be $67.5 per ton, down 16 dollars per ton annually and 17.8 dollars per ton year-on-year.

From January to February 2019, China imported 51.145 million tons of coal, an increase of 3.8% over the same period last year; the cumulative import amount was 3988.7 million US dollars, a decrease of 5.0% over the same period last year.

Since 2016, China’s seaborne imports of coal have been increasing year by year. China still accounts for 30% of the world’s seaborne coal while the domestic coal production remains high.

In terms of imports in recent years, Indonesia, Australia, Mongolia and rising Russia have become the main sources of coal in China. In 2018, China’s coal imports have increased to 281.5 million tons, setting a new record.

In the early morning of Wednesday, Beijing Time (March 6), data released by the American Petroleum Association (API) showed that API crude oil stocks in the United States increased by 7.29 million barrels, an expected increase of 388,000 barrels, gasoline stocks decreased by 391,000 barrels, refined oil stocks decreased by 3.1 million barrels, and after the data were released, U.S. oil short-term declined rapidly, reporting a drop of 0.55% to $5628 per barrel.

Zero Hedging, a well-known financial blog, said that API crude oil inventories fell unexpectedly last week and investors expected a slight increase in crude oil inventories this week, but the data showed that crude oil inventories increased by 7.29 million barrels. After the data was released, U.S. oil short-term declined rapidly.

According to data released by the American Petroleum Association (API), U.S. crude oil stocks surged last week, gasoline stocks fell less than expected, and refined oil stocks fell more than expected.

API announced that as of March 1, U.S. crude oil stocks increased by 7.29 million barrels to 451.5 million barrels last week, while Cushing crude oil stocks increased by 1.13 million barrels.

API announced that gasoline stocks fell by 391,000 barrels last week and refined oil stocks by 3.1 million barrels last week.

API data also show that U.S. crude oil imports increased by 801,000 barrels a day to 6.9 million barrels a day last week.

In recent days, the acrylic acid market trend is relatively stable, and prices fluctuate in a narrow range.

Acrylic acid factory stock is not high, the price of the manufacturer is firm, downstream demand remains stable, terminal buyers have a certain interest in inquiry, the holder stock is normal, quotation changes little.

From the manufacturer’s point of view, the acrylic acid plant starts smoothly, the supply pressure is not big, and the price rises slowly. Among them, the sales of northern manufacturers are relatively stable, the price is rising steadily, the mainstream quotation is 8600-8900 yuan (ton price, the same below); the supply of Southern manufacturers is tight, the price is slightly increased, the mainstream quotation is 8750-10000 yuan.

Regionally, the East China market has maintained a steady trend with little price change. The mainstream price of the primary market of Pu-acid is 8400-8600 yuan, and the mainstream price of Jing-acid is 8900-9000 yuan. The supply of goods in the South China market is insufficient, the high-end price rises slightly, and the mainstream price of the primary market of Pu-acid is 9200-9500 yuan. The negotiation atmosphere in the North China market is dull, the price is weak and the mainstream price of the primary market of Pu-acid is 8300-8500 yuan. The price of refined acid ranges from 8900 yuan to 9000 yuan.

Later, the acrylic acid market is short of bright spots and the volume growth is slow. It is expected that the short-term market will be dominated by narrow consolidation.