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China A-share ports and shipping sector extended losses; Shenghang Co. dropped over 6%. Phoenix Shipping, Antong Holdings, COSCO Shipping Energy and COSCO Shipping Specialized also declined.

2026-06-29

China A-share ports and shipping sector extended losses; Shenghang Co. dropped over 6%. Phoenix Shipping, Antong Holdings, COSCO Shipping Energy and COSCO Shipping Specialized also declined.

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2026-06-29

Minmetals Futures said weekend reports of supply-side restarts are pressuring lithium carbonate and prices are likely to open lower. Supply: H2 incremental lithium carbonate output will be driven mainly by spodumene, with overall release pacing sligh

Minmetals Futures said weekend reports of supply-side restarts are pressuring lithium carbonate and prices are likely to open lower. Supply: H2 incremental lithium carbonate output will be driven mainly by spodumene, with overall release pacing slightly faster than H1. Demand: downstream orders remain full; July–August is a seasonal EV consumption trough but downstream production continues to rise MoM, and peak demand is expected in Sept–Oct. Overall, Minmetals judges the annual supply–demand balance will remain tight — even if a large Jiangxi lithium mine resumes production. A near-term price decline may prompt downstream buyers to bring forward restocking, which would limit downside.
2026-06-29

JP Morgan raised its end-2026 target for the UK FTSE 100 to 11,000 from 10,300.

JP Morgan raised its end-2026 target for the UK FTSE 100 to 11,000 from 10,300.
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