Futures midday review: The Strait of Hormuz remains blocked, and crude oil continues to strengthen

2026-04-11 15:44:21

Futures Midday Review: As of the midday close, major commodities were mixed, with both gains and losses. On the gain side, crude oil rose by more than 7%, rapeseed meal rose by more than 5%, and soybean meal, Soybean 2, and iron ore rose by more than 3%. Caustic soda, alumina, Soybean 1, coking coal, asphalt, and polypropylene rose by more than 2%. On the decline side, Europe line container shipping fell by more than 4%, and styrene, pure benzene, PTA, and short fiber fell by more than 2%.

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