China benzene most-active futures contract hit the daily limit-down, sliding 6% to 8,007 yuan/ton.

US October ADP employment change due in 10 minutes.

China's foreign ministry said on Nov. 4 it is willing to strengthen communication with Saudi Arabia, Iran and other regional states amid rising Middle East tensions and urged immediate action to avoid a resumption of wider conflict. Beijing said it will follow President Xi's proposals to promote regional peace and security, supports Iran and the U.S. resolving disputes through negotiation, advocates a political solution to the Yemen conflict, and will help pursue a prudent, comprehensive approach to keeping the Strait of Hormuz open. It called on regional states to build a common, comprehensive, cooperative and sustainable regional security architecture.