The U.S. State Department said it is imposing sanctions on Palestinian officials and members of the Palestine Liberation Organization.

At the morning open, China's lead futures contracts were mostly lower. Shanghai crude (SC) dropped over 5%; fuel oil fell more than 4%; low-sulfur fuel oil (LU) declined over 3%; styrene (EB) and benzene each slid over 2%; liquefied petroleum gas (LPG) was down nearly 2%; pulp and plastics fell just above 1%. On the upside, rapeseed meal rose about 2%, while methanol, coking coal and soybean meal gained around 1%.

Tinci Materials said at its interim results briefing that, based on downstream customer feedback and rising AI data-center demand, energy-storage battery demand is likely to grow faster than power (EV) batteries over the next 2–3 years, supporting increased demand for lithium‑battery electrolytes. The company said LiPF6 and electrolyte capacity additions will be phased according to market demand and market‑share targets and will be released progressively as orders materialize.