LG CHEM PRESIDENT SAYS IT'S DIFFICULT TO SECURE ADDITIONAL RUSSIAN NAPHTHA - MEDIA

Domestic News 1. The World Data Organization (WDO) was established in Beijing. 2. The Shanghai Gold Exchange (SGE) issued a notice on market risk control during the 2026 Qingming Festival. 3. The Long March 2 rocket successfully completed its maiden flight, exploring new space transportation models. 4. China Aero Engine Corporation (AECC) stated that it expects my country's demand for general aviation engines to exceed 40,000 units (sets) over the next 20 years. 5. Kweichow Moutai officially announced a price increase, raising the contract price of its 53-degree Feitian Moutai from 1169 yuan/bottle to 1269 yuan/bottle, and adjusting the retail price through its self-operated system from 1499 yuan/bottle to 1539 yuan/bottle. 6. A sell-off of memory modules has occurred in Shenzhen's Huaqiangbei market, with some merchants claiming that prices for some models have dropped by nearly 30% in a week; industry insiders stated that the price correction will not affect the upward trend of the entire storage industry, including memory modules. International News 1. Ukrainian President Zelensky: Ukraine is ready for a ceasefire at Easter. 2. Middle East supply concerns drive Asian naphtha profits to record highs. 3. Iranian Foreign Ministry: Some ships passed through the Strait of Hormuz after coordination. 4. The European Council extends sanctions against Iran until April 13, 2027. 5. US Secretary of State: Iran will not be allowed to permanently control the Strait of Hormuz. 6. Federal Reserve Governor Milan: The Fed can gradually cut interest rates by one percentage point within a year. 7. Iranian Foreign Ministry Spokesperson Bagae: No direct dialogue with the US, only information exchanged through intermediaries. 8. Iranian Foreign Ministry Spokesperson Bagae: The issue of withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons is under parliamentary review. 9. Trump: Serious negotiations are underway with Iran; if negotiations break down, Iran's energy and power facilities and Kharg Island will be destroyed. 10. Powell's remarks: ① The Fed's two main objectives are currently conflicting. ② Policy is currently in a favorable position; we can wait and see how the situation develops. ③ We tend to ignore supply shocks, but must pay attention to inflation expectations. ④ Tariff-induced inflation is a one-off price increase that will raise the inflation rate by 0.5 to 1 percentage point. ⑤ Current job growth is very slow. ⑥ Market pricing indicates that during Powell's speech, bets on a Fed rate hike were withdrawn, and the possibility of a rate cut this year was priced in instead.

Hong Kong-listed auto stocks rose in some areas, with Great Wall Motor (02333.HK) and BAIC Motor (01958.HK) up more than 4%, Chery Automobile (09973.HK) up more than 3%, and NIO-SW (09866.HK), GAC Group (02238.HK) and Geely Automobile (00175.HK) following suit.