Domestic commodity futures showed obvious divergent trends in early trading on September 30, with segmented industrial and chemical sectors moving in opposite directions. Market performance is closely aligned with fundamental supply and demand changes as well as pre-holiday capital risk aversion, maintaining overall stable trading sentiment.

The rubber sector led the gains across the market. The main BR rubber contract surged by over 4%, while standard rubber and 20# rubber rose more than 3%. Rapeseed oil, palladium and PVC also posted mild increases. The rubber price rally is mainly driven by tight raw material supply caused by adverse weather in Southeast Asian producing areas, coupled with active pre-holiday restocking demand from downstream tire manufacturers, which has widened short-term supply-demand gaps.

In contrast, the energy sector faced broad declines. Crude oil and liquefied petroleum gas futures dropped over 2%, while asphalt, fuel oil and container shipping contracts fell by more than 1%. The pullback in energy products stems from global market sentiment fluctuations, as well as pre-holiday profit-taking and rising risk aversion among market capital. The divergent market trend fully reflects differentiated sector fundamentals without systemic price volatility. With long holiday approaching, most investors remain cautious. Market trends are expected to become clearer after the holiday as supply and demand conditions further stabilize.