Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, European Central Bank Governing Council member Klaas Knot (Editor: name corrected from Kazaks per context) stated on May 14 that if rising oil prices push inflation expectations off anchor, the ECB will be forced to raise borrowing costs. "Oil prices are rising and we see this

According to sources, India requested the U.S. to extend its waiver on Russian crude oil on May 14, citing ongoing disruptions from the 11-week Iran conflict and concerns over energy supply. The U.S. initially authorized the waiver in March and expanded it, with the current authorization set to

本日美國 CFTC 公告就互換相關記錄保存與向 SDR 申報全額抵押事件合約數據，發布不採取行動函，表示不建議就此對 DCM、DCO 及其參與者執法。先前受益人繼續適用，新實體可申請加入附錄，日後亦以同框架處理相關修改與新申請。

日本在2026年第一季淨拋售美債4.67兆日圓，創自2022年Q2以來新高，油價上漲約50%推升通膨預期；4月PPI年增6.0%、核心PPI5.2%、CPI年增3.8%。此次屬機構層面的系統性拋售，顯示日本對美國利率前景的再平衡，降息可能被推遲、甚至再度升息成為焦點。

According to OPEC released today, the cartel downgraded its 2026 global oil demand growth forecast to 1.17 million barrels per day (bpd) from 1.38 million bpd, reflecting weaker economic outlook. Separately, Cuban officials announced the country's diesel and fuel oil supplies have been exhausted, i

According to Jin10 data, the U.S. April Producer Price Index rose 6% year-over-year on May 14, reaching its highest level since December 2022 and exceeding market expectations of 4.9%. The monthly PPI surged 1.4%, driven by increases in both commodity and service prices. Federal Reserve officials

According to Jin10, styrene prices declined sharply this week, closing at 9,950 yuan per ton in Jiangsu market as of May 13, down 590 yuan per ton from May 6, representing a 5.82% drop. International crude oil weakness earlier in the week triggered a broad selloff across chemical commodities,

According to Guru Club, copper prices at the London Metal Exchange retreated 1.9% on May 14, ending eight consecutive days of gains after hitting record closing highs. The pullback reflects fading buying momentum as rising copper prices significantly suppress demand in China, according to analyst

According to JOGMEC (Organization for the Development of the Sakhalin Project), Japan's liquefied natural gas spot contract price reached $19.10 per million British thermal units in April.

According to Jin10 on May 14, India's rupee is expected to remain under pressure on Thursday, hovering near historic lows amid persistent oil price-related headwinds. The prolonged elevated crude oil prices have increasingly strained the currency, prompting India's Prime Minister to recently call

According to PANews, on May 14, CFTC's Division of Market Oversight and Division of Clearing and Risk released a no-action letter, indicating it will not recommend enforcement action against designated contract markets, derivatives clearing organizations, and participants that fail to comply with re

According to Kyodo News, the Japanese government is considering compiling a supplementary budget on May 14 to ease household burden from rising fuel costs. The measure would support families facing higher gasoline prices and utility bills during the summer season, putting pressure on Japan's

According to Jin10, on May 14, Hunter Hunt, head of Hunt Oil Company, warned that damage to Middle East energy infrastructure could reduce global oil production in coming years. Hunt cited concerns including oil production shutdowns, refinery damage, and potential closure of the Strait of Hormuz,

According to Jin10 Futures, China's rapeseed oil futures declined on May 13, with the Zhengzhou Commodity Exchange (ZCE) 2609 contract closing at 9,665 yuan/ton, down 29 yuan/ton or 0.30% from the previous trading day and 270 yuan/ton or 2.72% compared to the same period last week. Spot prices

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) fell to 196,150 yuan per ton this morning (May 14), down 1,750 yuan from the previous day's 4:30 PM price.

According to Jin10, on May 14, a crude oil tanker flying a Panama flag and operated by Japanese major oil company ENEOS successfully passed through the Strait of Hormuz.

According to Guru Club, fuel oil futures contracts fell over 2% on May 14, trading at 4,349 yuan per ton.

According to Guru Club, lithium carbonate futures main contract fell 4% intraday on May 14, trading at 193,720 yuan per ton.

In early trading on May 14, China's Treasury futures market opened with broad gains across all maturities. The 2-year contract (TS) rose 0.01%, the 5-year contract (TF) rose 0.01%, the 10-year contract (T) rose 0.02%, and the 30-year contract (TL)

比特幣（BTC）延續疲軟下跌，5 月 14 日暫報 79,630 美元左右。TAC 跨鏈層的 TON 側遭外部攻擊者攻擊，損失約 280 萬美元。4 月 Polymarket 預測市場的月交易量下降了約 8.9%，自 2025 年 8 月以來首次出現下滑。