Chinese Commodity Futures Open Mixed: Asphalt Up Over 3%, Caustic Soda Down Over 4%

The dispersion here is the story: energy-linked contracts like asphalt, LPG and methanol are bid alongside battery-chain lithium carbonate, while caustic soda's sharp drop and softness in palm oil and styrene point to pressure in the chlor-alkali and petrochemical complex rather than a single macro signal. For RWA watchers, lithium carbonate's gain matters most, since it feeds tokenized battery-metal and commodity-financing narratives. Whether the caustic soda selloff reflects sector-specific oversupply or broader risk-off in industrial chemicals is the open question to watch in the next sessions.