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Futures Market Wrap-Up: Red Sea route in danger! Container shipping on the Europe route rises over 6%. Precious metals and non-ferrous metals rebound across the board.
Futures closing review: As of the close, commodities were mostly up rather than down, with precious metals and base metals seeing a rebound after oversold conditions. The Europe container shipping index rose more than 6%; lithium carbonate, Shanghai tin, pure benzene, and fuel oil rose more than 4%; Shanghai aluminum, polycrystalline silicon, and others rose more than 3%. On the downside, caustic soda fell more than 4%, while synthetic rubber and industrial silicon fell more than 2%.