TREE NEWS reports: China’s domestic fuel oil futures extended losses in night trading on the night session, falling as much as 4.1%, while methanol dropped 1%. The moves mark a sharp intraday selloff in the energy and chemicals complex during the evening session.
China fuel oil night session losses widen to 4.1%, methanol down 1%
The scale of the fuel oil move, far larger than methanol's, points to a selloff concentrated in the heavier end of the energy complex rather than a broad risk-off sweep across Chinese commodities. That divergence matters for traders holding exposure to fuel oil specifically, since methanol's milder decline suggests the pressure is not simply a sector-wide sentiment shift. Whether the gap between the two persists into the next session, or whether methanol catches up, is the open question worth tracking.
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