Futures Commentary: Commodity Market Divergence Intensifies! Shanghai Gold Year-to-Date Gains Completely Erased

Futures Market Wrap-Up: By the close, major commodities experienced mixed gains and losses. On the upside, propylene, butadiene rubber, LPG, coking coal, plastics, and polypropylene all hit the daily limit-up. Pure benzene and styrene rose over 10%, methanol, ethylene glycol, and PX increased over 8%, PTA, coke, and crude oil gained more than 7%. On the downside, palladium fell over 12%, Shanghai silver and platinum dropped more than 11%, Shanghai gold and polysilicon declined over 8%.

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