China night futures: propylene falls 5.53%, iron ore rises 0.44%

The split within the night session is the story: steep losses across the propylene chain and refined products sit alongside gains in steelmaking inputs like coking coal and coke. That divergence suggests pressure specific to petrochemicals and fuels rather than a broad commodity risk-off move, which matters for producers whose margins straddle both complexes. Whether the propylene complex keeps underperforming the ferrous raw materials is the open question.