Certainly, here is the translation of "一、隔夜期货市场动态" into English: "1. Overnight Futures Market Dynamics"

The U.S. plans to intensify sanctions on oil-producing countries such as Venezuela, increasing potential supply risks, which has led to an increase in international oil prices. NYMEXUSD/BBG Brent crude rose 0.83 USD/bbl, up at a 1.22% annualized rate; ICE Crude rose 0.84 USD/bbl, up at a 1.16% annualized rate. Chinese domestic Brent crude rose 2.0-5.5 per barrel, while Chinese spot crude rose 5.5-8.8 per barrel overnight.

Aftermarket forecast: Oil prices continued to break records with higher highs on Monday, as U.S. President Trump plans to impose a 25% tariff on countries buying oil and natural gas from Venezuela, which vehemently opposes the move, further driving up oil prices.It is expected that there will be relatively favorable risk hedging opportunities in the market around the end of March and early April, so it is recommended to pay close attention. In the near future, oil prices will continue to remain highly volatile, so be mindful of the timing.

II. Macroeconomic Market Dynamics

US Markit Global Manufacturing PMI Initial Estimate March 3 49.8; Lower than expected, for 3 months; Expectation is 51.8; March's value was 52.7; US Markit Global Services PMI Initial Estimate March 3 54.3; Lower than expected, for 3 months; Expectation is 50.8; March's value was 51; US Markit Global Manufacturing PMI Initial Estimate February 3 53.5; Lower than expected, for 3 months; Expectation is 51.6; February's value was 51.6

US GDP M2 monetary policy interest rate Februrary 2023 48.7 26 months above peak 48.2 2 months above forecast 47.6 50.4 2 months above forecast 50.6

India's manufacturing PMI preliminary value for March is 57.6, with an expected value of 57 and the final value for February at 56.3; the services PMI preliminary value for March is 57.7, with an expected value of 59.4 and the final value for February at 59; the composite PMI preliminary value for March is 58.6, with an expected value of 59 and the final value for February at 58.8.

◎ Japan's March Manufacturing PMI preliminary reading was 48.3, with a final reading of 49 in February; the Services PMI preliminary reading was 49.5, with a final reading of 53.7 in February; the Composite PMI preliminary reading was 48.5, with a final reading of 52 in February.

Central Bank Announces Opening of $4.5 Billion MLLF Operations on March 25 and Switching to Multi-Price Bidding for MLLF from Single Price Bid in April

III. Plastic Market Morning Session Dynamics

Crude oil surged, and the overnight domestic plastic futures main contract showed an upward trend.

The plastic 2505 contract is reported at 7735 yuan per ton, up 0.35% from the previous trading day.

PP2505 contract quoted at 7333 RMB/ton, up 0.44% from the previous trading day;

The agreement has risen by 5142 yuan per ton.

IV. Market Forecast

PP：The supply of in-house production equipment is limited, and the deployment of such equipment would increase the expected inventory, or would provide a boost to the market. Regarding demand, as the temperature rises, there is an increase in daily commuting by residents, and seasonal consumption additive policies provide a positive impact, and to some extent, drive up end-use demand. In summary, we expect the short-term market for plastic bags or the reorganization of the in-house equipment.

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PVC：Supply-demand面对现象，目前没有显著的变量因素出现，但两大城市的上行对心态有所增强。后续是否形成长线行情仍需要观察。外盘方面国际油价收高，因为美国对伊朗实施了新的制裁措施，且石油输出国组织及其盟友（简称：OPEC+）减产计划发布。整体来看短期内现货市场观察上涨后价格的稳定性。

ABS：Here is the translation: Market prices in the Guangdong market are low, the Shandong market prices are also low, overall market trading activity is weak, export business is facing challenges, and supply is increasing, and is expected to continue the bearish trend in the domestic ABS market.