Analysts at Goldman Sachs currently expect oil prices to trade around $94 a barrel over the next 12 months.

Goldman Sachs recently cut its oil price forecast for this year, saying the collapse of Silicon Valley Bank (SVB) earlier this month triggered an ongoing banking crisis and increased the risk of a recession.

The head of commodities at Goldman Sachs said that the banking crisis is more of a supply-side shock than a demand-side shock for commodities.

Expanding domestic demand is one of the top priorities of economic work this year.

The consumer confidence index (CCI) in the Eurozone rose from -20.7 in January to -19 in February. Some economic indicators in Europe have picked up recently, but inflation remains high. The market expects the European Central Bank (ECB) to continue to raise interest rates, with a probable 50-basis-point rate hike in March.

In February, the global manufacturing PMI was 49.9%, an increase of 0.7 percentage point month-on-month. The global economy is showing initial signs of stabilisation and recovery, and the downward trend of the global economy since the second half of 2022 has eased slightly

To ensure bank liquidity, the People's Bank of China (PBOC) lowered the deposit reserve ratio of financial institutions by 0.25 percentage points.

SHANGHAI, Mar 10 (SMM) - Silicon metal stocks across China’s three major markets stood at 125,000 mt as of March 10, a drop of 1,000 mt from a week ago.

The prices of silicon metal continued to fall slightly this week. As of March 10, the prices of standard #553 silicon in east China were 16,800-17,000 yuan/mt, a week-on-week decrease of 200 yuan/mt, and the prices of above-standard #553 silicon metal were 17,000-17,300 yuan/mt, a drop of 200 yuan/mt. The prices of #421 silicon (used in silicone) stood at 18,900-19,100 yuan/mt, a decrease of 200 yuan/mt, and those of #3303 silicon at 18,300-18,500 yuan/mt, a drop of 200 yuan/mt.