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China's futures mostly fall at open, SC crude oil down nearly 6%
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At the morning session opening on an unspecified date, most major Chinese domestic futures contracts declined while a few rose, according to a report from financial data provider jin10. On the downside, SC crude oil fell nearly 6%, leading the losses. Liquefied petroleum gas (LPG) and coking coal each dropped more than 3%, while fuel oil and polyvinyl chloride (PVC) declined nearly 3%. Pure benzene, paraxylene, and styrene (EB) each fell more than 2%. On the gainers' side, container shipping freight rates for Europe routes surged over 3%, the strongest performer. Shanghai silver rose more than 2%, Shanghai lead and international copper climbed nearly 2%, and Shanghai zinc, lithium carbonate, Shanghai tin, and Shanghai copper each gained more than 1%. The report presents observed market movements without attributing specific causes or forecasts.
Source report
At the morning open, most major domestic futures contracts declined, while a select few posted gains.
Declining Contracts
- SC crude oil dropped nearly 6%
- Liquefied petroleum gas (LPG) and coking coal fell more than 3%
- Fuel oil and polyvinyl chloride (PVC) declined nearly 3%
- Pure benzene, paraxylene, and styrene (EB) each dropped more than 2%
Rising Contracts
- Container shipping (Europe routes) surged over 3%
- Shanghai silver rose more than 2%
- Shanghai lead and international copper gained nearly 2%
- Shanghai zinc, lithium carbonate, Shanghai tin, and Shanghai copper each advanced more than 1%
Source
金十数据Eastern
Part of this Story
Chinese crude oil futures plunge over 9% as container shipping rates rise