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China night session: methanol jumps nearly 7%, tin falls over 2%

China’s night futures session opened with sharp gains in energy and chemicals: methanol rose nearly 7%, styrene close to 6%, and fuel oil and crude oil each up more than 4%. Liquefied petroleum gas gained nearly 4%, while bitumen and paraxylene rose over 3%. Metals and building materials fell, with Shanghai tin down more than 2% and soda ash, glass, Shanghai aluminium, Shanghai silver, wood pulp and Shanghai lead each down over 1%.

Original source

AI take

The split is the story: a broad energy and petrochemical bid alongside softer metals and building materials points to a feedstock or supply-driven move in the chemicals complex rather than a uniform risk-on impulse. That distinction matters for anyone reading Chinese industrial demand signals, since the two legs imply different things about activity. Whether the energy-led gains hold into the daytime session, and whether metals keep sliding, is the open question.

Generated by AI for reference only.

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