Chinese Commodity Futures Open Lower; Aluminum Alloy, Shanghai Silver Drop Over 3%

The split between falling metals and firming agricultural and chemical contracts points to rotation rather than a broad risk-off move. Silver and aluminum alloy leading the declines, with gold and aluminum close behind, suggests the industrial and precious complex is absorbing the pressure while soybean and palm oil draw separate support. For traders tracking China's reflation signals, the divergence matters more than the headline drops. Whether metals keep underperforming softs and chemicals into the session is the open question.