China Commodity Futures Open Mostly Lower; Ethylene Glycol Falls Over 3%

The split session is the signal: energy and battery-chain inputs like crude and lithium carbonate holding up while ethylene glycol, coking coal and synthetic rubber sell off points to sector-specific pressure in chemicals and construction-linked materials rather than a broad risk-off move. That divergence matters most for industrial hedgers and traders with exposure to polyester and coal-based supply chains. Whether the crude and lithium strength persists alongside weakness in coal and rubber is the open question — a sustained split would suggest demand rotation rather than a uniform macro repricing.