Market Close: Most Domestic Futures Contracts Decline as Crude Oil Plunges Over 9%

Deep News
4 hours ago

At the close of trading on September 18, 2026, the majority of domestic futures contracts for major commodities ended the session in negative territory, as bearish sentiment across several key sectors continued to weigh on prices.

On the upside, silver futures advanced by nearly 4%, while contracts for the CSI 500 index, palladium, the Europe-bound container shipping index, the CSI 1000 index, platinum, and lead posted gains exceeding 2%. Tin, eggs, international copper, pulp, zinc, and duplex paper all recorded rises approaching 2%.

On the downside, crude oil suffered a sharp decline of more than 9%, leading the losses, with coking coal dropping over 7% and coke falling by more than 5%. Fuel oil, bottle flakes, LPG, paraxylene, polyester staple fiber, and PTA also saw losses exceeding 4%.

Crude oil remained under pressure during the Asian trading session on Friday, driven by expectations of easing supply tightness. Analysts attributed the recent pullback in prices not to a sudden deterioration in global demand, but rather to a reduction in market concerns over potential disruptions to Middle East energy supplies.

As more signs of supply recovery emerged, alongside renewed market attention on whether diplomatic channels could facilitate a gradual restoration of energy transport, the supply risk premium that had previously been built into crude prices began to unwind.

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