Market Close: Domestic futures main contracts mostly declined, with energy products falling across the board

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On April 1 at the close, China’s domestic futures main contracts saw more down days than up, with energy and chemicals sliding across the board. Silver in Shanghai rose more than 5%, palladium and Shanghai gold rose more than 3%, and platinum rose more than 1%; on the downside, energy and chemicals’ major items such as the Europe route for集运 and Shanghai crude oil fell more than 12%, fuel oil fell more than 11%, ethylene glycol, low-sulfur fuel oil, pure benzene, and methanol fell more than 8%, styrene fell more than 7%, PX0 > para-xylene? (vs. dimethylbenzene) fell more than 6%, and PTA, asphalt, LPG, coking coal, flat sheets, and short fiber fell more than 5%.

On the news front, the energy and chemicals decline was mainly driven by expectations of a ceasefire between the U.S. and Iran.

Earlier, Xinhua News Agency reported that when U.S. President Trump signed an executive order at the White House on March 31, he told the media that the U.S. could end its military actions against Iran within two to three weeks. “We’ll be getting out very soon,” Trump said. “I think about two to three weeks. We will leave because we have no reason to keep doing this.”

CCTV News reported that Iranian President Pezeshkian said Iran is willing to end the war, but on the condition that its demands are met—especially receiving guarantees that it will not be subjected to aggression again.

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责任编辑：Zhu Hunan