Coking coal 2609 futures fell 4.9% intraday to 1,175.5 yuan/ton; open interest rose 17,100 lots, with prices down while positions expanded.

Caspian Pipeline Consortium (CPC) may suspend oil operations until it obtains security guarantees from other states; an indefinite suspension of oil and tanker operations has been discussed.

Meituan (03690.HK) released summer travel consumption data showing top family destinations were Shanghai, Beijing, Guangzhou, Harbin, Kaifeng, Chengdu, Dalian, Tianjin, Hangzhou and Zhengzhou. Meituan said consumers are shifting from sightseeing to “deep experience” travel; multi-day immersive trips are becoming the mainstream and stays longer than one week rose about 30% YoY. Bookings for cooler summer destinations grew faster than the overall market, with Southwest and Northeast markets notably hotter. Cities including Kunming, Qujing, Bijie, Anshun and Liupanshui in the Southwest and Jiamusi, Daxing’anling, Shenyang and Qiqihar in the Northeast saw advance bookings higher YoY; homestay nights in Bijie and Jiamusi increased 138% and 57% YoY, respectively.