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Market read
Energy and industrial commodity futures are leading the session with broad buying across oil-linked and agricultural contracts. Zinc and stainless steel moving against the trend suggests the gains are concentrated in energy and select materials rather than a uniform industrial pickup.
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China's domestic futures markets opened broadly higher, with low-sulphur fuel oil and crude oil up over 2%, synthetic rubber, coking coal, propylene, and fuel oil up over 1%, and soybeans up nearly 1%; zinc and stainless steel edged lower.
Energy and industrial commodity futures are leading the session with broad buying across oil-linked and agricultural contracts. Zinc and stainless steel moving against the trend suggests the gains are concentrated in energy and select materials rather than a uniform industrial pickup.
Jin10·08/27, 08:00 PM