This report is provided by MacroTerms.com

Data as of: 2026-10-17 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-17 07:10:16 · Benchmark settle: 2026-10-16
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-17 China Futures Morning Report: Crude Oil Leads Night Session Gains, Lithium Carbonate Continues to Hit Fresh Phase Lows

Crude oil led the entire market in the night session at +2.32%, with WTI up +3.51% overnight, confirming that the geopolitical premium remains; this transmitted to the polyester chain's cost side, where PX rose only +0.15% and PTA +0.19% in the night session, showing a clear rotation in relative strength within the chain. Lithium carbonate fell -4.2% in the day session to close at 96320, with its 20-day position at the 0.2% percentile, approaching the lower bound of 96240; ATR14 reached 6382.9 yuan, and RV20 volatility of 55.8% indicates the trend has not stopped. Precious metals rose on reduced open interest (Shanghai silver +2.49% with open interest -10546 lots, Shanghai gold +1.36% with open interest -621 lots), driven by short covering rather than active long buying; their 20-day positions are only 18.8% and 27.1% respectively, so the sustainability of the rebound is in doubt.