At the opening of the morning session, most domestic futures contracts rose, with SC crude oil up over 11%, fuel oil up over 10%, liquefied petroleum gas (LPG) up over 6%, low-sulfur fuel oil (LU) and methanol up over 5%, and propylene up nearly 5%.

Key News 1. Will Trump's March visit to China materialize? Foreign Ministry: China and the US are maintaining communication regarding interactions between their leaders. 2. What impact will the closure of the Strait of Hormuz have on China's imports and energy security? Foreign Ministry responds. 3. Are China and Iran close to reaching a hypersonic missile purchase agreement? Foreign Ministry: Not true! 4. Four departments: Encourage the development of dedicated technology insurance products in key science and technology industries such as artificial intelligence. 5. China Phosphate and Compound Fertilizer Industry Association: Advocates that the entire industry fulfill its responsibility to ensure supply and stabilize prices; phosphate fertilizer producers must ensure phosphate fertilizer supply and stabilize phosphate fertilizer prices. 6. Several banks issue risk warnings for the precious metals market, advising investors to participate in trading rationally. Individual Stock News 1. Liu Guiqing of China Telecom: Computing and power synergy capabilities will inevitably become a key point for the sustainable development of intelligent computing facilities. 2. Gree Electric Appliances responds to rumors that it will no longer pay dividends annually in the future. 3. Huaxi Nonferrous Metals, which has seen three consecutive limit-up days in four trading days: Its main business is nonferrous metal exploration, mining, and beneficiation. 4. Hunan Gold (two consecutive daily limit-up): Current operations are normal, and there are no undisclosed material matters. 5. CNPC Capital: The situation in Iran has little impact on its business; its subsidiary, Kunlun Bank, is "currently largely unaffected." 6. Yongtai Technology: The company cancelled its 200,000-ton/year electrolyte project in Shaowu Yongtai and signed a new 200,000-ton/year lithium battery electrolyte project in Jiangsu Binhai Development Zone. 7. Hengtong Optic-Electric: The global optical fiber and cable industry market environment is normal; the impact of fluctuations in the unit price of some products on the company's future performance needs to be comprehensively assessed. 8. China Tianying (two consecutive daily limit-up): The hydrogen-based energy product business, a new growth driver developed in recent years, is still in the investment phase and has not yet generated operating revenue. 9. Fiberhome Communications (two consecutive daily limit-up): Revenue from low-orbit satellite routing and inter-satellite laser communication businesses accounts for less than 1% of the company's total operating revenue. 10. Jiangshun Technology (two daily limit-up in three days): A small portion of its products are indirectly used in the aerospace field; currently, it has no sales of data center liquid cooling products. 11. Sugon: The second largest shareholder, Li Jun, and senior executives Ren Jingyang and Weng Qinan plan to reduce their holdings by no more than 6.874 million shares in total.

According to the prediction website Kalshi, the actual probability of the Strait of Hormuz being "closed" has surged to 65%. This comes after an advisor to the commander of the Iranian Revolutionary Guard Corps claimed that the Strait of Hormuz was already closed.