At midday close in China, front-month futures were mostly lower: polysilicon down over 7%; methanol and propylene down more than 5%; ethylene glycol (EG), polypropylene, low-sulfur fuel oil (LU) and asphalt down over 4%. On the upside, stainless steel (SS) rose over 3%; 20# rubber nearly 3%; rubber up more than 2%; Shanghai gold and silver, synthetic rubber and palm oil up over 1%; Shanghai tin up about 1%.

If a temporary US‑Iran agreement ends months of fighting and restores full passage through the Strait of Hormuz, Gulf states may pursue a rapid rebound in grain imports after months of relying on longer, less efficient routes. The Gulf is highly import‑dependent, with roughly 90% of food consumption sourced overseas. Iran is among the world’s largest soybean‑meal buyers and a significant importer of Brazilian corn. Key import hubs — Jebel Ali (UAE), Dammam (Saudi Arabia) and Imam Khomeini (Iran) — lie within the strait. Kpler chief dry‑bulk analyst Alexis Ellender said grain shipments need specialised handling and traffic will ultimately return to Gulf ports; current transits are about three dry‑bulk vessels per day versus a normal level above 20. Kpler data show regional grain imports fell to 942,000 tonnes in May, down more than 50% year‑on‑year.

市场消息：俄罗斯一架图-22战略轰炸机在伊尔库茨克地区坠毁。