The commodity index has now advanced for fifteen consecutive trading sessions, highlighting a sustained uptrend across the broader market. Among the key movers, silver contracts have displayed a notable recovery pattern, signaling renewed buying interest in the precious metal.

Turning to China's equity benchmarks, the Shanghai Composite Index closed Monday, August 24, down 23.19 points, or 0.59%, at 3,882.01. The Shenzhen Component Index settled 299.88 points lower, a decline of 2.13%, to finish at 13,794.29. The CSI 300 Index dropped 55.77 points, or 1.21%, closing at 4,563.13, while the ChiNext Index fell 113.69 points, or 3.21%, to end the session at 3,431.89. The STAR 50 Index also retreated, losing 51.22 points, or 3.10%, to close at 1,602.34.

Where to begin with market positioning

For traders tracking futures, the session brought mixed signals across various commodities. Crude oil contracts for October delivery held steady, while silver for October delivery showed a firmer tone, supported by safe-haven demand and technical buying.

Key contracts under review

Lithium carbonate for January next year, rebar for October delivery, and coking coal for January 2027 all saw active trading. Meanwhile, PTA for September delivery, cotton for January, and white sugar for January remained in focus for agricultural and chemical segments.

Rubber for January, palm oil for January, and soda ash for September delivery exhibited varying degrees of movement, while glass for January and soybean meal for September were closely watched by investors. Live hogs for January and red dates for January rounded out the trading calendar for the day.

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