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In early trading, most domestic futures contracts declined, with Shanghai tin, SC crude oil, palm oil, low-sulfur fuel oil (LU), liquefied petroleum gas (LPG), and synthetic rubber falling by more than 2%, while fuel oil, polysilicon, and soybean mea

2026-06-05

In early trading, most domestic futures contracts declined, with Shanghai tin, SC crude oil, palm oil, low-sulfur fuel oil (LU), liquefied petroleum gas (LPG), and synthetic rubber falling by more than 2%, while fuel oil, polysilicon, and soybean meal fell by nearly 2%. On the upside, coking coal rose by more than 1%, and coke and starch rose by nearly 1%.

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2026-06-05

MOFCOM data: Jan-Apr 2026 China’s services trade totaled 2,485.3 bln yuan, up 4.9% YoY — exports 985.0 bln yuan (+15.0%), imports 1,500.3 bln yuan (-0.8%). Services trade deficit narrowed to 515.3 bln yuan, down 139.7 bln YoY. Knowledge-intensive ser

MOFCOM data: Jan-Apr 2026 China’s services trade totaled 2,485.3 bln yuan, up 4.9% YoY — exports 985.0 bln yuan (+15.0%), imports 1,500.3 bln yuan (-0.8%). Services trade deficit narrowed to 515.3 bln yuan, down 139.7 bln YoY. Knowledge-intensive services remained a driving sector: Jan-Apr flows were 1,104.2 bln yuan (+5.1%), accounting for 44.4% of total services trade; exports 544.1 bln yuan (+11.7%) with personal cultural and entertainment services and IP royalties the fastest-growing subsegments (up 39.5% and 20.8% respectively), imports 560.1 bln yuan (-0.7%). Among top categories, travel services exports rose 147.2 bln yuan (+30.4%), fastest growth on the export side; transport services imports rose 316.5 bln yuan (+24.9%), fastest on the import side.
2026-06-05

Shipping data and analysts show Iran's crude and condensate exports in May fell to their lowest level in at least six years amid a US Navy blockade. Vortexa put May flows at about 209,000 b/d, down from 1.34m b/d in April and nearly 1.9m b/d in March

Shipping data and analysts show Iran's crude and condensate exports in May fell to their lowest level in at least six years amid a US Navy blockade. Vortexa put May flows at about 209,000 b/d, down from 1.34m b/d in April and nearly 1.9m b/d in March, the weakest since late 2019–early 2020. Vortexa analyst Claire Jungman said the main drivers appear to include unrest around the Strait of Hormuz, US Navy restrictions on vessels entering and leaving Iranian ports, and broad reluctance by owners, operators, insurers and trading counterparts to expose ships and crews to the current security environment. Kpler showed a similar drop, estimating May exports at roughly 260,000 b/d, still a six-year low.
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