Futures Market Opens with Predominantly Lower Prices; Shanghai Crude Oil Drops Over 3%

Deep News09:10

The domestic futures market commenced trading with a majority of major contracts in decline. Shanghai Crude Oil futures led the losses, falling more than 3%. Coking Coal followed closely, dropping nearly 3%. Benzene and Coke also saw significant declines, each shedding over 2%. Fuel Oil and Low-Sulfur Fuel Oil (LU) contracts were down by close to 2%. Polypropylene and the monthly average for Polypropylene both decreased by more than 1%.

On the positive side, Shanghai Silver futures surged over 3%. Pulp and Shanghai Tin contracts also performed strongly, gaining more than 2%. Several other commodities registered gains exceeding 1%, including Platinum, Palladium, Polysilicon, International Copper, Shanghai Copper, Shanghai Zinc, Shanghai Gold, and Egg futures.

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