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At midday close in China, onshore main futures were mostly lower: SC crude oil futures fell more than 5% and paraxylene (PX) dropped over 4%; PTA, fuel oil and synthetic rubber declined over 3%, bottle-grade PET fell about 3%, and asphalt, ethylene g

2026-07-02

At midday close in China, onshore main futures were mostly lower: SC crude oil futures fell more than 5% and paraxylene (PX) dropped over 4%; PTA, fuel oil and synthetic rubber declined over 3%, bottle-grade PET fell about 3%, and asphalt, ethylene glycol (EG), methanol, short fiber, LPG and polypropylene slid more than 2%. Advancers included platinum (up over 5%), palladium (near 3%), coated paper and Shanghai silver (around 2%), with Shanghai gold, egg futures and soda ash up just over 1% and rapeseed meal up about 1%.

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US May durable goods orders final MoM -4.5%, matching forecast -4.5% and prior -4.5%.

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