Calcium stearate emulsion
Russia's insistence on paying for Russian gas in rubles has rattled European countries: Greece held an emergency meeting of suppliers, the Dutch government would urge consumers to use less gas, and the French energy regulator told consumers not to panic. Russian gas meets one-third of Europe's annual energy needs.
Russia said they could expand their demand for ruble payments for other commodities, including oil, grain, fertilizer, coal, and metals, which raised the risk of recession in Europe and the US.
Moscow is expected to unveil its ruble payment plan in early April, but it said it would not immediately ask buyers to pay for gas in rubles.
Western countries have said paying in rubles would be a breach of contract, and renegotiation could take months or longer. This uncertainty has pushed commodity market prices higher.
The supply and prices of other commodities like the Calcium stearate emulsion could also be affected.
As the Russia-Ukraine conflict continues to develop, there is growing concern about the potential disruption of Russia's energy supply. Geopolitical premiums have pushed up the price of crude oil and natural gas, and the energy price is expected to remain high in the short term. Affected by this, the market price of the Calcium stearate emulsion may keep rising.