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At a July 1 regular press briefing, Foreign Ministry spokesman Guo Jiakun said China consistently advocates early removal of unilateral sanctions on Iran. Asked about US steps to lift sanctions and how Chinese firms should adapt as 60‑day oil waivers

2026-07-01

At a July 1 regular press briefing, Foreign Ministry spokesman Guo Jiakun said China consistently advocates early removal of unilateral sanctions on Iran. Asked about US steps to lift sanctions and how Chinese firms should adapt as 60‑day oil waivers progress, Guo urged the United States and Iran to implement the signed memorandum of understanding and continue negotiations toward a comprehensive political settlement.

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2026-07-01

At midday closing, most domestic futures contracts declined, with container shipping to Europe falling over 10%, methanol and ethylene glycol (EG) down over 3%, and red dates, coking coal, palladium, SC crude oil, and platinum down over 2%. On the up

At midday closing, most domestic futures contracts declined, with container shipping to Europe falling over 10%, methanol and ethylene glycol (EG) down over 3%, and red dates, coking coal, palladium, SC crude oil, and platinum down over 2%. On the upside, lithium carbonate rose over 4%, polysilicon rose nearly 2%, peanuts rose over 1%, and pulp and offset paper rose nearly 1%.
2026-07-01

The U.S. Energy Information Administration (EIA) reported that U.S. gasoline demand in April was 9.123 million barrels per day, a 2.4% increase (or 213,000 barrels per day) year-on-year. (March saw a 1.0% increase.)

The U.S. Energy Information Administration (EIA) reported that U.S. gasoline demand in April was 9.123 million barrels per day, a 2.4% increase (or 213,000 barrels per day) year-on-year. (March saw a 1.0% increase.)
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