Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Energy Exchange on May 15, the exchange adjusted trading fees for crude oil and low-sulfur fuel oil futures contracts, effective from the May 19 trading session (May 18 night session). Crude oil futures contracts will have trading fees set at 20 yuan per lot, with intraday

伊朗與荷姆茲海峽風險拉升氫氟酸HF供應壓力。AHF今年漲約四成，六月底前可能調價，三星與SK海力士等首當其衝。韓國九成AHF仰賴中國進口，缺乏本地產能，成本與供應風險上升。中國提升硫酸價格並限制出口，進一步推高HF成本；台灣雖有少量本土生產但仍高度仰賴進口，夏季成本將顯著抬升。

According to Jin10, China's Securities and Futures Commission (CSFC) released the Derivatives Trading Supervision and Management Measures (Trial) on May 15. The new rules establish key requirements for market participants, including enhanced trader protections, mandatory real-name registration for d

WTI crude oil rose 3.5% intraday today, trading at $104.79 per barrel. Brent crude gained 3.0% in the same period, reaching $108.9 per barrel.

According to Reuters, citing four sources, BP is considering selling part of its natural gas assets in Egypt on May 15, as new CEO Meg O'Neill restructures the company to reduce debt and focus on higher-margin projects. The company's natural gas production in Egypt reached 518 million cubic feet

According to Jin10 Futures, at the close of noon trading on May 15, energy, shipping, and chemical-linked commodities outperformed, while precious metals and base metals retreated more notably.

According to Jin10 Futures, on May 15, the Dalian Commodity Exchange released warehouse receipt data for chemical futures. Polyvinyl chloride (PVC) saw the largest move, with receipts rising to 92,369 contracts, up 7,034 contracts from the prior trading day. Ethylene glycol receipts increased to 13,

According to China's Foreign Ministry spokesperson Guo Jiakun on May 15, China responded to a question about future purchases of U.S. oil by stating its willingness to work with all parties to maintain global energy security and supply chain stability. Guo emphasized that the immediate priority is t

According to Jin10 Futures, China's Treasury futures closed mixed at midday on May 15. The 2-year (TS), 5-year (TF), and 10-year (T) contracts rose 0.03%, 0.06%, and 0.04% respectively, while the 30-year contract (TL)

According to the UAE's media office on May 15, the United Arab Emirates is constructing a new oil pipeline that bypasses the Strait of Hormuz and is planned to become operational by 2027. Once completed, the Abu Dhabi National Oil Company (ADNOC) will double its oil export capacity through

European natural gas futures surged to €48.2 per megawatt-hour this week, gaining over 9%, as market concerns about extended supply disruptions intensified. The spike stems from ongoing tensions between the United States and Iran around the Strait of Hormuz, a critical energy transit route.

According to Shanghai Futures Exchange data released on May 15, key commodities showed the following warehouse inventory changes: copper increased 1,888 tons to 98,899 tons, aluminum rose 5,896 tons to 478,369 tons, zinc climbed 3,161 tons to 106,941 tons, and silver surged 21,151

According to BlockBeats, on May 15, U.S. April inflation data surged to the fastest pace since 2022, with PPI reaching its highest level in four years and CPI recording its largest gain since 2023. The data reignited market concerns about the Federal Reserve maintaining a "higher for longer"

WTI crude oil rose above $103 per barrel this afternoon, gaining 1% intraday on May 15. Brent crude advanced 0.7% during the same period.

Today, May 15, the U.S. will release three key economic indicators: the New York Federal Reserve manufacturing index at 20:30, April industrial output month-over-month at 21:15, and weekly oil rig counts through May 15 at 01:00 on May 16.

Japan's Ministry of Economy, Trade and Industry will maintain the reduced statutory reserve level for private crude oil stockpiles until June 15, according to the ministry's announcement.

According to Jin10, based on CME data released on May 14, trading activity in silver and WTI crude oil cooled simultaneously. Silver saw 62,577 contracts traded and 104,615 open interest positions, declining 4,408 contracts and 2,270 positions respectively from the previous trading day. WTI crude oi

According to Financial Times, Abu Dhabi recently backed a $13 billion U.S. natural gas project, citing disruptions to Middle East supply as a key driver. The investment reflects growing concerns over energy security in the region and diversification of gas sourcing

According to the Offshore Alliance union, Australia's liquefied natural gas (LNG) export facilities face labor action risks starting this week. The dispute between the union and contractor UGL Limited over wages and working conditions is expected to trigger actions at Woodside Energy's Karratha gas

SC crude oil futures on the Shanghai International Energy Exchange rose 2.00% intraday today, trading at 643.50 yuan per barrel.