TREE NEWS reports: China’s commodity futures market closed sharply lower, with the front-month crude oil contract falling more than 9%. Coking coal dropped over 7% and coke slid more than 5%, while fuel oil, LPG, bottle chip, paraxylene and staple fiber each declined over 4%. On the upside, Shanghai silver rose nearly 4%, with palladium, the container shipping Europe route, platinum and Shanghai lead all gaining more than 2%.
China Commodity Futures Close: Crude Oil Plunges Over 9%, Coking Coal Down 7%
AI take
The striking feature is the split tape: energy and coal-linked contracts sold off hard while precious metals and shipping strength held, suggesting the move is about industrial demand expectations rather than a uniform risk-off. That divergence matters for anyone tracking China's construction and refining complex, since coking coal and coke are read as proxies for steel output. Whether silver and the container shipping route keep diverging from the energy block is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
12m ago
China’s STAR 50 Index Rises Over 2% in Morning Trade; Hang Seng Gains 3.1%
18m ago
China State Council Report Backs Central Huijin’s Stabilization Fund Role
34m ago
Iran’s IRGC says two oil tankers caught fire in Strait of Hormuz Wednesday night
43m ago
Goldman Sachs: US ‘Blue Wave’ to Heavily Affect AI Regulation
45m ago
Spot gold rises over 2% intraday to $4,145.01/oz
1h ago
Wang Yi Meets North Korean Workers’ Party Delegation in Beijing