China coking coal most-active futures contract hit the daily limit, up 7.98% at 1,387.5 yuan/ton.

At the open, China’s main onshore futures were mixed: Europe-bound container freight jumped over 4%, eggs rose more than 3%, and plastics, SHFE gold, coking coal and coke gained over 1%. On the downside, Soybean No.1 and pulp fell more than 1%, while benzene, SHFE zinc and SHFE nickel slipped about 1%.

Iran's foreign ministry said on June 1 Iranian armed forces struck back at a US "aggressive action", calling the US move a violation of the ceasefire and saying Iran hit "the source" of the aggression. Spokesperson BAGHAEI said US-Iran talks are being conducted amid high suspicion and distrust, with intermediated messaging similarly mistrusted; Washington has repeatedly shifted positions, made new or contradictory demands and released conflicting information via media, which is delaying the process. He said there have been no negotiations on nuclear-related details to date and current talks are focused on ending the war.