Chinese Commodity Futures Open: Fuel Oil, Bitumen Up Over 3%; Lithium Carbonate Down Over 4%

The split at the open is the story: energy-linked contracts like fuel oil and bitumen are firming alongside a cluster of petrochemical and polyester-chain materials, while lithium carbonate's sharp decline points to continued pressure in the battery-materials complex. That divergence matters for anyone exposed to Chinese industrial and new-energy supply chains, since it suggests feedstock strength and battery-chain weakness are running on separate tracks rather than a single macro signal. Whether the petrochemical bid holds past the opening session, and whether lithium carbonate's slide extends, are the open questions worth watching.