The US postponement of sanctions on Russia is expected to change diesel supply, and this macro variable is transmitting through energy sentiment to the chlor-alkali chain, posing potential disruption to the currently high-level consolidation of CL. My overall judgment is a short-term slightly strong oscillation but with limited upside space. Looking at the market, the price is operating within a narrow range of 98.58 to 99.47, with both the one-hour and four-hour trends upward, but a slight 0.6% decline over 24 hours. It has risen 13.36% from the four-hour low, indicating that bullish momentum remains but the willingness to chase highs has weakened; the order book's top 10 bid-ask ratio is 1.35, with buyers slightly dominant. However, the funding rate is zero, and the open interest of 554,000 shows no significant increase or decrease, reflecting cautious market sentiment and an approaching turning point. Strategically, if the price pulls back to 98.72, a light long position can be tried