Fed official Musalem said the El Niño weather event could bring new supply shocks.

At the open, China's most-active commodity futures were mixed. Shanghai gold and silver jumped over 4%; alumina and palladium advanced >2%; platinum, Shanghai tin and zinc were near 2% stronger; iron ore, lithium carbonate and cotton rose >1%; coking coal gained ~1%. On the downside, propylene, pure benzene, ethylene glycol (EG), methanol and styrene (EB) fell >3%; polypropylene, PTA and PET chips were down around 3%.

Red Cross Society of China activated level‑4 emergency responses for flood relief in Heilongjiang and Shaanxi and dispatched 9,000 relief items to affected areas in Heilongjiang and 5,000 items to Shaanxi, including household relief kits, outdoor jackets, towel blankets and cotton quilts, to support evacuation, sheltering and basic living needs.