Press Enter to search · ESC to close

Macro

China Commodity Futures Close: Pure Benzene Limit Up, Crude Oil Up Over 6%

Chinese commodity futures closed sharply higher, with the main pure benzene contract hitting its daily limit up. Crude oil rose more than 6%, styrene gained over 5%, and asphalt and propylene each climbed more than 3%. Fuel oil, polypropylene, plastics and paraxylene all rose over 2%, while jujube, peanut and rapeseed oil fell more than 2%.

Original source

AI take

The move is concentrated in the energy-to-petrochemicals chain, with pure benzene's limit up and crude's surge pulling styrene, asphalt, propylene and the polyolefins along in a single session. That breadth suggests a feedstock-driven repricing rather than an isolated squeeze in one contract. The split is equally telling: softs and oils like jujube, peanut and rapeseed fell, so this is not a broad commodity risk-on impulse. Whether the petrochemical complex holds its gains once the crude impulse fades is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback