Futures Market Wrap-Up: A Tale of Two Extremes! Widening Divergence Between Crude Oil and Metal Markets

Futures Market Review: As of the close, major commodities mostly declined. In terms of gains, LPG rose 10.99%, hitting the daily limit; low-sulfur fuel oil increased over 10%, crude oil and methanol rose over 8%, fuel oil, ethylene glycol, and propylene increased over 6%, apples, polypropylene, asphalt, and plastics rose over 4%; in terms of declines, Shanghai silver fell over 10%, palladium dropped over 8%, platinum and Shanghai tin declined over 7%, polysilicon and lithium carbonate fell over 6%, Shanghai gold, Shanghai copper, and international copper declined over 4%.

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