TREE NEWS reports: China’s commodity futures market closed with LU fuel oil’s main contract up nearly 6%, pure benzene up more than 4% and fuel oil up over 3%. On the downside, methanol fell more than 6%, while soda ash, No. 20 rubber, red dates, BR rubber, natural rubber, alumina and ethylene glycol each dropped more than 2%.
China Commodity Futures Close: LU Fuel Oil Jumps Nearly 6%, Pure Benzene Up Over 4%
The session's split is the story: a sharp bid in fuel-oil-linked contracts alongside a heavy selloff in methanol and a broad industrial softness across rubbers, soda ash and alumina. That pattern points to a market trading product-specific supply stories rather than one macro commodity impulse, with the energy complex and the petrochemical/industrial chain pulling in opposite directions. Whether the fuel oil and pure benzene strength persists beyond a single session, or the methanol-led weakness spreads into the rest of the complex, is the open question.
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