TREE NEWS reports: China’s domestic commodity futures closed mostly higher, with pure benzene, styrene, propylene and methanol rising more than 3%. Bitumen, PTA, hogs, soybean No.1, bottle chips, PVC, paraxylene and fuel oil gained over 1%. No. 20 rubber and crude oil fell more than 3%, while eggs, polysilicon, rubber, Shanghai silver, platinum and container shipping Europe line dropped over 2%.
China Commodity Futures Close Mostly Higher; Pure Benzene, Styrene, Propylene, Methanol Up Over 3%
The split session is the story: a broad petrochemical and industrial complex rallying alongside sharp losses in crude and rubber, rather than a single macro impulse moving everything together. That divergence points to product-specific tightness or positioning in the benzene chain, while crude's drop suggests the feedstock side is not the driver. Whether the benzene-chain strength holds once crude weakness feeds through, and whether the rubber and crude declines broaden, is the open question.
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