China’s domestic futures market showed mixed performance in early trading, with commodity contracts diverging across sectors. Coking coal led gains, rising over 1%, followed by coke, iron ore, and soybean contracts, which advanced nearly 1% amid steady industrial demand expectations.
On the downside, palm oil dropped more than 1%, pressured by weaker demand forecasts and rising inventory levels. Urea and PX (paraxylene) also declined close to 1%, reflecting subdued sentiment in the chemical and agricultural segments.
The split trends highlight ongoing uncertainty in raw material markets, with steel-making ingredients benefiting from infrastructure stimulus hopes while soft commodities face headwinds from global oversupply concerns. Traders await fresh catalysts, including China’s upcoming economic data and policy signals.
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