Affected by the ongoing geographical conflict in the Middle East and the blockage of navigation in the Strait of Hormuz, international oil prices continued to rise, and domestic crude oil futures also experienced a rare sharp rise. On September 14, the price of the main crude oil futures contract in the domestic futures market rose above 900 yuan/barrel for the first time in the intraday market. The strong rise in oil prices has led to an overall rise in the cost side of commodities, and industries related to crude oil, especially the chemical industry, have also been affected in some way. At the same time, high oil prices continue to spread to the industrial chain. Profits are clearly divided between upstream and downstream enterprises. Oil and gas retail companies benefit from price spread expansion and a sharp increase in performance, while companies such as low gross profit asphalt face a situation of rising costs and increased operating pressure.

Affected by the ongoing geographical conflict in the Middle East and the blockage of navigation in the Strait of Hormuz, international oil prices continued to rise, and domestic crude oil futures also experienced a rare sharp rise. On September 14, the price of the main crude oil futures contract in the domestic futures market rose above 900 yuan/barrel for the first time in the intraday market. The strong rise in oil prices has led to an overall rise in the cost side of commodities, and industries related to crude oil, especially the chemical industry, have also been affected in some way. At the same time, high oil prices continue to spread to the industrial chain. Profits are clearly divided between upstream and downstream enterprises. Oil and gas retail companies benefit from price spread expansion and a sharp increase in performance, while companies such as low gross profit asphalt face a situation of rising costs and increased operating pressure.