Night futures open: fuel, asphalt, low-sulfur fuel up over 2%; soda ash, coking coal down over 1%

The sharp divergence in night futures — with energy-linked products like fuel oil and asphalt rallying while coal and chemical feedstock decline — points to a market pricing supply-side constraints in refined fuels rather than a broad commodity uptick. This split suggests traders are weighing near-term refinery or logistics tightness against softer industrial demand signals for coal and downstream chemicals. The key watch is whether the energy complex sustains its strength while coal-linked contracts stay pressured, as that would confirm a sector-specific repricing rather than a macro-driven move.