today, we continue to focus on the global commodity market dynamics under the situation of Russia and Ukraine.

It is reported that a few days ago, it was reported that China Qingshan Holding Group, which held a large number of short nickel positions on the London Metal Exchange, had closed a small number of short positions, but still held a large number of short positions.

Due to the long-short confrontation of nickel futures, the exchange has raised the initial margin for each ton of nickel trading from $4,88 to $6,144. At the same time, since April, the exchange has nearly doubled the size of its clearing house default fund from $1.1 billion to $2 billion.

In fact, the recent fluctuation of the nickel futures market is a typical manifestation of the decline in global liquidity under the current situation in Russia and Ukraine, and it is also a manifestation of the negative effects of economic sanctions imposed by Europe and the United States on Russia.

Data show that since the conflict between Russia and Ukraine, the market prices of natural gas, oil, metals and agricultural products have generally soared and become extremely unstable.

At the same time, under the background of reshaping the new trading system, if this trend continues, more and more countries will face supply shortages.

According to sources, the European Union and the United States have reached an agreement on liquefied natural gas to help member countries refuse to buy Russian natural gas in rubles.

however, as a part of global integration, we have not seen any news that the global supply of energy commodities such as oil and natural gas has greatly increased.

At present, as a core member of the Organization of Petroleum Exporting Countries, Qatar has made it clear that it refuses to impose sanctions on Russia's oil and gas sectors.

In addition, it was reported that the United States persuaded Japan, South Korea and other countries to ship the purchased natural gas to Europe first.

However, the data also show that Japan is the largest export target of Russian LNG in Asia, and Korea Gas Corporation imports about 2 million tons of LNG from Russia every year, accounting for about 6% of its total import.

As Russia lists these two countries as unfriendly countries, it also means that countries such as Japan and South Korea need to purchase natural gas from new markets in the future.

who will meet the demand will become a big problem in the global energy market in the future.

It is reported that at present, the EU has begun to disagree on how to solve the energy problem.

Germany, Poland and Denmark consider it unacceptable to ban the import of coal; The Netherlands believes that banning the import of oil is an untouchable issue.

In the end consumer market, people's demonstrations broke out in many European countries recently to protest against the soaring oil prices.

In response to the energy crisis, Germany has introduced a subsidy scheme of tens of billions of euros.

It is worth noting that, in response to the criticism made by Europe, America and other countries on India's purchase of Russian oil, relevant Indian people commented that countries that are self-sufficient in crude oil or countries that import from Russia themselves cannot restrict other countries from trading.

Now, before the new energy supply system can be effectively solved, how to balance the needs of various countries will be a difficult problem.