TREE NEWS reports: Major Chinese commodity futures opened higher on Monday, with methanol, container shipping (欧线), and crude oil main contracts surging over 3%, while fuel oil and BR rubber gained over 2%. Palladium fell over 2%, and Shanghai gold declined over 1%.
China Commodity Futures Open Higher; Methanol, Container Shipping, Crude Up Over 3%
The broad-based strength across energy-linked contracts suggests a risk-on session in Chinese commodity markets, though the divergence between crude-linked gains and precious metals' losses points to a rotation away from safe-haven assets. The notable rise in container shipping futures alongside crude may hint at supply-side or logistics cost expectations, rather than pure demand signals. What bears watching is whether this momentum sustains through the session, as single-day openings can be driven by overnight external moves. The palladium and gold declines could reflect shifting macro sentiment, but with limited detail provided, the sustainability of these moves remains the key open question.
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