Chinese Commodity Futures Open Mixed: LU Fuel Oil Up 3%, Coke and Nickel Up 2%

The split at the open is the story: energy-linked fuel oil and coking coal inputs firming while propylene and the polyolefin complex sell off hard points to divergent demand signals within China's industrial chain, not a single macro move. That matters most for domestic petrochemical margins and for anyone tracking Chinese demand as a proxy for broader commodity sentiment. Whether this upstream-versus-downstream gap persists through the session, or converges as liquidity builds, is the open question worth watching.