China’s commodity futures fell broadly, led by sharp losses in the energy and chemical sector. The container freight index (Europe route) and crude oil both dropped more than 12%, while fuel oil fell over 11%. Ethylene glycol, low-sulfur fuel oil, methanol and benzene declined more than 8%, with styrene down over 7% and PX off more than 6%. PTA, asphalt, LPG, coking coal and PET flakes all fell over 5%. Precious metals outperformed, with Shanghai silver rising nearly 5% and palladium and gold ga

China’s commodity futures fell broadly, led by sharp losses in the energy and chemical sector. The container freight index (Europe route) and crude oil both dropped more than 12%, while fuel oil fell over 11%. Ethylene glycol, low-sulfur fuel oil, methanol and benzene declined more than 8%, with styrene down over 7% and PX off more than 6%. PTA, asphalt, LPG, coking coal and PET flakes all fell over 5%. Precious metals outperformed, with Shanghai silver rising nearly 5% and palladium and gold gaining more than 3%.