China Commodity Futures Open: TSR20 Rubber Up Over 4%, Rubber and Coking Coal Up Over 3%

The split is the story: rubber-linked contracts and coking coal are catching a supply-side bid while lithium carbonate, styrene, hogs and asphalt sit on the losing side, which points to commodity-specific drivers rather than a broad China demand impulse. For RWA and tokenized-commodity watchers, days like this matter because they test whether on-chain wrappers of these underlying futures can track such sharp intraday dispersion. Whether the rubber and coking coal strength holds, or the soft lithium and hog complex drags the index back, is the open question.