Major Chinese Futures Contracts Close Lower, with Crude Oil Leading Declines

Deep News07-02 15:11

On July 2, 2026, the performance across major domestic futures contracts was predominantly negative, with declines outnumbering gains.

Leading the losses, SC crude oil futures fell more than 5%, while PX (paraxylene) futures dropped over 4%. Contracts for PTA, fuel oil, and synthetic rubber all registered declines exceeding 3%. Bottle chip futures fell close to 3%. Futures for asphalt, ethylene glycol (EG), methanol, short staple fiber, liquefied petroleum gas (LPG), and polypropylene (PP) all declined more than 2%.

On the positive side, platinum futures surged more than 5%, and palladium futures gained nearly 3%. Offset printing paper futures and Shanghai silver futures both rose close to 2%. Shanghai gold, egg, and soda ash futures all increased more than 1%, while rapeseed meal futures gained nearly 1%.

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