**: Aiqicha, Zongheng International PMSM, German Handelsblatt, New Chemical Materials, Adhesive Observation, Sina Finance.
The Red Sea crisis has been suspendedLast night, the Houthis reached an agreement with the shipping company!
According to the Danish **shippingwatch,A group of shipping companies sailing the Red Sea have now reached an agreement with the Houthis to allow them unhindered passage through this vital water. The source confirmed that the two sides had indeed held meetings to ensure the passage of specific ships through the Red Sea safe and sound. It is reported that the demands of the Houthis are,In return, shipping companies must ensure that they do not carry Israeli goods and do not stop at Israeli ports.
According to reports, Maersk then responded that it had not opened any negotiations with the Houthis and signed any agreement, which caused its stock price to fall more than 8% in a day, and then the decline narrowed.
International ** big dive
Saudi Arabia is trying to prevent a sharp drop in oil prices by cutting production sharply, and at the same time cutting its official selling price by cutting its official selling price in an attempt to prevent a loss of market share.
Saudi Arabia's Aramco Oil Company's official selling price was significantly lowered in FebruaryAmong them, the official selling price of Arabian Light in Asia was reduced by $2 per barrel from the official price in January1 per barrel higher than the average price of Dubai, Oman$50, which is the lowest spread level since November 2021 and the largest decline in 13 months.
Saudi Arabia has sharply lowered its official selling price, reflecting its continued concerns about the demand outlook, and international oil prices**. nymex***02 contract 7077Down 3$04 barrel or 412%；ICE Oil**03 Contract 7612 down 2$64 barrel or 335%。China's main contract 2402 rose 45 to 5576 yuan barrel, down 20 in the night6 to 537 yuan barrel.
On the afternoon of January 4, BASF (China)** and Shenma Industrial Co., Ltd.***Strategic cooperation signedThe ceremony was held in the conference room of the international ** company, and was attended by Bowen Wei, Vice President of Procurement of BASF Asia Pacific. 
The focus is on the nylon industry
It is reported that the cooperation will focus on the nylon industry: Wang Bing, executive deputy general manager of SHEMAR, secretary of the Party committee and executive director of the international ** company, explained in detail to BASF (China) the business layout, production scale, product overview, and related development strategic planning of the nylon industry chain of SHEMAR Co., Ltd.
Formation of a new company!
On December 27, 2023, BASF Shanghai Coatings*** recently invested in the establishment of a new wholly-owned subsidiaryBASF (Shanghai) paint manufacturing***。BASF wants toAgricultural productscoatingsBattery materialsThese three large business units are derived from the company's existing structureSeparationCome out, transfer to the de jureStand-alone units。With sales of 4.2 billion euros in 2022, the Coatings division will have even more freedom after independence. 
It is reported that BASF's two production bases in Shanghai Coatings were implemented last yearMultiple capacity expansion projectsAfter the completion of the reconstruction and expansion project, the total production capacity of the whole plant is 11240,000 tons per year, including: 35,000 tons of water-based pigment per year, 500 tons of water-based primer, 37,500 tons of diluent, 9,400 tons of solvent-based pigment coat, 5,000 tons of solvent-based primer and 25,000 tons of varnish.