At the morning close, China’s most-active futures were mostly lower. Low-sulfur fuel oil (LU) slid about 7%, Shanghai tin fell over 5% and fuel oil dropped roughly 5%. Lithium carbonate, platinum and palm oil declined more than 3%; NR20 rubber and styrene (EB) were down nearly 3%. On the upside, caustic soda rose over 2%, while pulp, iron ore and Asia-to-Europe container shipping futures gained just over 1%; eggs were up about 1%.

S&P Global Market Intelligence economics director Tim Moore said October data showed faster UK services output growth and rising price pressures alongside manufacturing, signaling a Bank of England November rate rise is all but certain and raising the odds of further tightening in 2027. Services business activity hit its highest since February and new orders rebounded sharply, driven in part by improved sales opportunities including AI-related investment. Input price inflation accelerated for a third month to its highest since May; average costs jumped mainly on higher fuel and transport costs, rising wages and energy prices.

China A-share grain sector surged; Wanxiang Denong hit the daily trading limit, while Jinjian Rice, Dunhuang Seed, Qiule Seed, Tianyoude Wine and Shennong Seed also advanced.