TREE NEWS reports: Liquefied petroleum gas and fuel oil main contracts rose more than 7% at the open of Chinese commodity futures trading, with LU fuel oil up over 4% and methanol up more than 3%. Palladium fell more than 6% and platinum dropped over 3%.
Chinese Commodity Futures Open Higher; LPG and Fuel Oil Main Contracts Jump Over 7%
The outsized moves sit in energy-linked contracts — LPG, fuel oil and methanol — while precious metals, palladium and platinum, fall sharply, a split that points to a rotation within commodities rather than a single broad risk signal. Because the item gives no driver, the open interest and volume behind these gaps matter more than the percentages themselves. Whether the energy strength holds past the session open, or fades as it did not for metals, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.