TREE NEWS reports: China’s commodity futures opened higher in energy on Monday, with the LU fuel oil main contract up nearly 6%, fuel oil up more than 3% and crude oil up over 2%. The session was mixed, as methanol fell more than 5%, lithium carbonate dropped over 4%, and ethylene glycol, asphalt and apple each declined more than 2%.
China Commodity Futures Open: LU Fuel Oil Up Nearly 6%, Crude Up Over 2%
AI take
The split is the story: a sharp energy bid in fuel oil and crude alongside steep losses in methanol and lithium carbonate suggests the move is concentrated in oil-linked contracts rather than a broad commodity risk-on. That matters for anyone tracking China's refined-product and petrochemical complex, where fuel oil strength and methanol weakness imply divergent feedstock economics. Whether the energy premium holds through the session, or the softer chemicals drag the complex back, is the open question.
Generated by AI for reference only.
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