TREE NEWS reports: Coking coal closed up 1.94% in China’s night session, with coke gaining 1.46% and hot-rolled coil and rebar each rising at least 0.6%. Energy products moved the other way: fuel oil fell 6.33%, low-sulfur fuel oil dropped 4.94%, bitumen lost 4.17% and LPG declined 3.95%, while PTA and paraxylene each fell more than 2%.
China coking coal rises 1.94% in night session; fuel oil falls 6.33%
The split within a single night session is the notable part: steel-chain inputs firming while the energy complex sells off sharply, which points to diverging drivers rather than one macro signal. Fuel oil's 6.33% drop is the largest move in the list and stands out against the modest gains in coking coal, coke and rebar. For anyone tracking Chinese industrial demand through futures, the question worth watching is whether this steel-versus-energy divergence persists across coming sessions or proves to be a one-night dislocation.
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