On Thursday morning, the main contracts in the Chinese futures market showed mixed performance, with various commodities experiencing both rises and falls. Among them, glass futures stood out with an increase of over 2%, and BR rubber rose more than 1%. However, on the decliners' list, soybean oil was weak, falling close to 3%, making it the largest decliner of the early session. Meanwhile, palm oil and coking coal fell over 2%, and the declines in No. 2 soybean futures and Shanghai silver were also significant.
Specifically, the main contract of glass futures showed significant strength, rising more than 2% in the morning, reflecting the market's optimistic expectations for the demand for building materials. BR rubber also continued its recent strength, with an increase of over 1%, supported by a recovery in demand from downstream industries such as automobile manufacturing.
On the downside, the main contract of soybean oil futures fell nearly 3% in the morning, followed closely by palm oil, which fell over 2%. The decline in both major vegetable oil varieties was influenced by global supply pressures and uncertainties in biofuel policies. Meanwhile, coking coal futures fell over 2% in the morning, reflecting concerns about weakening demand for coal. Among other commodities, No. 2 soybean futures fell nearly 2%, and Shanghai silver fell more than 1%, with precious metals being affected by the strong dollar and market sentiment fluctuations.
Overall, the mixed performance of rising and falling commodities reflects the differentiated performance of different sectors in the global economic environment, policy changes, and supply-demand dynamics. Going forward, as the international economic situation and domestic policy changes become clearer, the volatility of the Chinese futures market may continue to increase. Investors need to pay attention to changes in the fundamentals of major commodities and market sentiment.
