Polysilicon front-month futures jumped intraday then pulled back, finishing about 3% higher. Galaxy Futures says downstream inventories average >30 days; only 2–3 downstream firms report low stocks and may make modest purchases by month-end, so high-priced spot transactions are unlikely near term. Producers met again on Sept. 11; market chatter suggests a one-year output cap near 1.05 mln tonnes, but Galaxy Futures notes this will not necessarily be priced into futures absent visible production

China International Capital Co raised its 4Q26 central Brent forecast to $85/bbl from $80/bbl in June. The research note cites a slower-than-expected Middle East crude restart since Q3 and a recent escalation in regional tensions that are prompting markets to re-price the persistence of Middle East supply losses, lifting the oil supply floor. End-user demand remains weak and summer recovery should not be linearly extrapolated; if oil tops $100/bbl a demand peak could emerge. The revision reflects a more persistent supply shortfall and lower inventories. In product markets, near-term crude and freight increases are compressing Eurasian refining margins; gasoline cracks face downside pressure from current high levels, while overseas diesel shows structural tightness and crack resilience.

Malaysia's state oil company PETRONAS said PTUK will deliver six LNG cargoes a year from its Atlantic asset portfolio for five years under a sales-and-purchase agreement (SPA), effective 2027.