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China commodity futures open mixed; rapeseed meal, international copper up over 1%

China’s domestic commodity futures opened mixed on the session, with rapeseed meal, international copper and No. 2 soybean main contracts each rising more than 1%. Ethylene glycol and propylene main contracts fell more than 2%, while crude oil and fuel oil each dropped more than 1%.

Original source

AI take

The split matters more than the headline: softs and copper firming while the energy and petrochemical complex sells off points to divergent drivers rather than one macro impulse. For RWA and commodity-linked exposure, the copper strength is the more telling signal, since it is the most financialized of the movers. Whether the energy leg stabilizes or drags the rest of the complex is the open question.

Generated by AI for reference only.

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