TREE NEWS reports: China’s night futures session opened with coking coal falling more than 2%, while SC crude oil and propylene each dropped over 1%. LPG and soybean meal slipped nearly 1%, while fuel oil rose more than 2% and Shanghai silver, international copper and alumina each gained nearly 1%.
Night session opens: coking coal down over 2%, SC crude and propylene down over 1%
AI take
The split is the story: energy-linked contracts are softening while fuel oil, silver, copper and alumina firm, which points to rotation rather than a uniform risk-off move. Coking coal's outsized decline matters most for steel-chain input costs, whereas the gains in silver and copper suggest the industrial-metals complex is not following crude lower. Whether this divergence persists through the session, or converges into a single directional signal, is the open question worth watching.
Generated by AI for reference only.
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