According to CCTV News, on September 14 (local time), U.S. President Trump announced that Russia and Ukraine had agreed not to attack each other's energy facilities. However, Ukraine emphasized that this was conditional on Russia ceasing attacks on such targets first, while Russia merely stated on the 15th that it "welcomed the U.S. proposal to halt mutual attacks on energy facilities."
The preliminary consensus between Russia and Ukraine to suspend mutual attacks on energy facilities has significantly eased market concerns regarding supply disruptions caused by the conflict, exerting downward pressure on crude oil prices. However, as the agreement is currently only a preliminary intention—lacking a clear implementation plan or actual execution—the bearish impact remains limited.
Liquefied Petroleum Gas (LPG) is part of the oil and gas value chain; expectations of weaker crude oil prices will lower its cost support, exerting slight downward pressure on LPG prices.
Petroleum asphalt is a direct downstream product of crude oil; anticipated declines in crude oil prices will weaken its cost support, exerting slight downward pressure on asphalt prices.
Crude oil serves as the upstream feedstock for pure benzene; expectations of weaker crude oil prices will reduce production costs, exerting slight downward pressure on pure benzene prices.
Styrene is produced from pure benzene, and its costs are strongly correlated with crude oil prices; expectations of a weaker crude oil market exert slight downward pressure on styrene prices.
Polypropylene is a downstream polyolefin product of crude oil with high cost correlation; expectations of weaker crude oil prices exert slight downward pressure on polypropylene prices.
SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.