At the morning open, China’s main futures front-month contracts were mixed: fuel
oil, low-sulfur fuel oil (LU) and asphalt fell more than 10%; liquefied
petroleum gas (LPG) slid nearly 9%; Shanghai crude (SC) dropped over 8%;
polypropylene (PP) fell about 6%; styrene (EB) declined more than 5%. On the
upside, palladium gained over 6%; Shanghai silver and platinum rose more than
5%; Shanghai gold advanced over 3%; Shanghai nickel added over 2%; coking coal,
stainless steel (SS) and polysilicon were up over 1%.