In a speech after a parliamentary vote on the 11th, president-elect Andras Boka said rebuilding partnerships with international allies will be a key task during his term.

At midday close, China's main front-month futures were mixed: low-sulfur fuel oil (LU) and fuel oil rose over 6%, SC crude neared 6% gains, coking coal gained more than 5%; methanol and propylene rose over 4%, and LPG and soda ash were up around 4%. On the downside, Europe-route container freight fell more than 4%, eggs and pulp dropped over 2%, urea, Shanghai tin and coated paper fell just above 1%, and platinum slipped about 1%.

Market note: Trump said the U.S. ammunition shortage is caused by Biden sending $300 billion in aid to Ukraine.