SHFE Crude Oil 2612 Contract Rises 3.82% in Night Session to 744.40 Yuan/Barrel

The split between crude and precious metals in the same session is the more telling signal: energy strength alongside gold and silver weakness points to a move driven by supply or demand expectations rather than a broad risk-off bid, since safe-haven metals would typically firm in that scenario. This matters most for onshore Chinese traders and hedgers whose books span both complexes, where the cross-asset divergence can distort margin and basis assumptions. Whether the crude bid holds into the next session, and whether metals keep sliding, is the open question.