Night session opens: pure benzene plunges over 4%, SHFE silver up over 1%

The split is the story: a broad petrochemical selloff on the Chinese night session against firm precious metals. That divergence points to demand-side pressure specific to industrial and energy-linked chemicals rather than a uniform risk-off move, since gold and silver would typically struggle in a genuine flight from risk. For anyone tracking China's industrial cycle, the breadth of the chemical declines — from pure benzene down through polypropylene and LPG — matters more than any single contract. Whether silver's relative strength persists alongside the chemical weakness is the open question.