At morning close, China’s main futures contracts were mostly lower: benzene hit the daily limit down; SC crude fell over 8%, fuel oil dropped more than 7%; low‑sulfur fuel oil (LU) and container freight Europe route slid over 6%; paraxylene fell nearly 6%; asphalt, synthetic rubber and styrene declined more than 5%. On the upside, glass and stainless steel (SS) rose over 2%, soda ash gained nearly 2%, Shanghai silver and caustic soda were up more than 1%, while Shanghai gold, platinum and Shangh

JEFFERIES said aluminum prices have dropped about 17% since early June, partly reflecting resumed production at Middle East smelters that boosted supply. Citing a Monday meeting with executives of a U.S. aluminum producer, the firm said producers now expect restarts of previously idled Middle East capacity to be slower as local smelters face severe economics, notably high alumina import costs. U.S. management also expects many pre-war planned capacity additions in the Middle East will be harder to bring to market.

Guangdong province will accelerate large-scale commercial deployment of 5G-A mobile networks and advance deployment and application of 10‑gigabit optical networks to comprehensively deepen dual‑gigabit coverage. The province’s consumption-expansion plan backs upgrading offline retail infrastructure—supporting equipment renewal at qualifying shopping complexes, malls, department stores and large supermarkets—and promotes investment in logistics infrastructure, including national logistics hubs, national backbone cold‑chain bases, county-level distribution centers and township courier stations to strengthen a county–town–village three‑tier logistics delivery system. The plan also supports modernization of public parking, EV charging and highway service-area facilities.