At the open, China's major futures contracts were mixed with more gains than losses. Fuel oil and asphalt rose over 3%; propylene, short fiber, plastics monthly average, PET bottle flake and other plastics gained more than 2%; low-sulfur fuel oil (LU) was up nearly 2%. On the downside, lithium carbonate fell over 4%; caustic soda dropped more than 2%; Shanghai silver and live hog futures slipped about 2%; No.20 rubber, rubber, soda ash and Shanghai lead fell over 1%; Shanghai aluminum eased near

Refiner HF Sinclair said cost cuts, supply-chain flexibility and growth in its refined fuels and specialty products businesses should help offset the impact of the Mississauga refinery shutdown.

Foreign Ministry spokesman Guo Jiakun, at a routine briefing on Oct. 28, responded to German Chancellor Merz’s Oct. 27 remarks in Singapore urging countries to reduce unilateral dependence on China amid an EU–CPTPP cross‑regional pact on trade, tech and security. Guo reiterated China’s commitment to openness and cooperation, saying Beijing seeks to maintain stable, secure global industrial and supply chains and to provide momentum and certainty for the world economy. He stressed China‑Germany and China‑EU economic complementarity and industrial interlinkage, and urged Germany and the EU to act objectively and predictably, resolve differences through dialogue and jointly safeguard supply‑chain stability to provide greater certainty for business cooperation.