Saudi government said non-oil exports, including re-exports, rose 4.5% YoY in April.

Quilter Cheviot strategist Ben Barringer said Micron Technology's very strong results suggest the traditionally cyclical memory-chip market is becoming more reliable. Results confirm demand still outstrips supply. Crucially, Micron's shift to long-term customer contracts is providing steadier earnings and reducing exposure to sharp demand swings; the deals effectively set price floors and ceilings and include take-or-pay commitments, smoothing a historically volatile market.

By 23:00 local close, China's domestic front-month commodity futures were mixed. Decliners: 20# rubber down over 3%, rubber down nearly 2%, iron ore and coke down more than 1%, soda ash down nearly 1%. Advancers: propylene up nearly 3%, low-sulfur fuel oil (LU) and LPG up more than 2%, polypropylene up nearly 2%, Soybean No.1, fuel oil and palm oil up more than 1%.