crude oil prices rose sharply

Under the relatively tense international situation, crude oil prices rose sharply, driving the PE CFR China market to move up, and some traders even ceased orders and were reluctant to sell at previous lows. Then, due to the decline in the RMB futures-spot market, PE CFR China market was under pressure and weakened. The price spread was too large, and downstream demand was sluggish. In the last ten days, the crude oil fluctuated violently, PE CFR China market also fluctuated significantly, and the overall transaction was limited