Yemen's Houthi movement spokesman said current operations are limited to specific targets and are defensive.

Zheshang Securities says domestic PDH units returned to profitability since June. PDH margins have turned positive and the long-term profitability baseline is likely to move higher, while the long-term propane price baseline is expected to trend lower. Propylene-equivalent consumption is forecast to grow steadily at about a 3% CAGR. Supply-side dynamics: co-produced (byproduct) propylene volumes have fallen, implying a structural long-term supply contraction; industry supply growth has slowed sharply, supporting an improved supply-demand balance. Monitor integrated, low-cost leaders with PDH capacity.

China A-share grain sector pulled back; COFCO Sugar hit the daily limit-down, Yasheng Group and Xinsai approached limit-down. Nongfa Seed, Wanxiang Denong, Hainan Rubber, Shennong Seed and Denghai Seed also declined.