Commodities (Crude Oil & Copper) & Macro Outlook

According to Gelonghui, on May 12, U.S. Interior Secretary Burgum announced that the administration will adopt a comprehensive approach to address rare earth matters.

According to Golden Ten Data, U.S. beef retail prices hit a record high of $7.056 per pound in April, up 2.8% month-over-month. The price surge reflects persistent supply tightness in the American beef market. Data from the U.S. Department of Agriculture showed that in the first quarter of 2026, the

According to the U.S. Bureau of Labor Statistics, American energy inflation rose 17.9% year-over-year in April, up from 12.5% in March. On a seasonally adjusted basis, energy inflation increased 3.8% month-over-month in April, compared to 10.9% in March. Energy commodities inflation climbed 29.2% an

5 月 12–15 日加密市场面临 CPI、川习峰会、CLARITY 法案听证会三重宏观关口。本文解析事件日历、利率路径与三种情景推演，评估对数字资产定价的结构性影响。

According to scheduling information, Azerbaijan's Ceyhan port set BTC crude oil exports at 15.78 million barrels for June and 15.67 million barrels for May.

CBS 指川普宣布美伊停火後數日，巴基斯坦在努爾汗基地允許伊朗多架軍機停放以避美軍打擊，其中含 RC-130 偵察機。巴方稱機群為停火期間抵達，否認軍事保護安排；美方未直接回應，川普稱提案不可接受。此事被視為削弱停火可信度，拉高地緣風險與油價，並引發對巴美關係與區域影響的關注。

According to sources, the premium of Russian Urals crude oil for June delivery to Indian ports has fallen to $2-4 per barrel versus Brent crude, driven by weak refining margins.

According to ING strategists, UK 2-year gilt yields rose on May 12, driven by political tension and elevated oil prices that have reduced expectations for Bank of England rate cuts in coming years. The strategists noted that if Prime Minister Keir Starmer steps down—following Labour's poor

According to Pantang Technology, Guangxi white sugar spot prices rose to 5,406 yuan per ton on May 12, up 22 yuan per ton. Zheng Sugar SR2609 futures contract closed at 5,504 yuan per ton, gaining 27 yuan, with open interest increasing 8,700 contracts. The rally was driven by stronger

According to Glontech, WTI crude oil futures rose 4% on May 12, trading at $102.013 per barrel.

According to foreign media reports, BMD Malaysia palm oil futures declined on Tuesday, reversing the previous day's gains. Analysts at CGS International and CIMB Securities expect palm oil prices to remain elevated, citing concerns over potential supply tightness in coming months amid sustained

Intercontinental Exchange extended its IRM 2 Value-at-Risk portfolio margining framework into ERCOT power futures and options, broadening a risk model already applied across more than 1,000 global energy derivatives contracts. ERCOT futures and options open interest rose 23% year-over-year while

According to two sources familiar with the matter, India and Russia are in deep negotiations on a critical minerals cooperation agreement covering lithium and rare earths, with the pact expected to be signed within two months. The agreement will encompass exploration, processing, and technical coope

According to Commonwealth Bank of Australia strategist Sarah Hammoud on May 12, core U.S. inflation could exceed market consensus expectations. Hammoud cited energy price spillover effects on airfare and food costs as a key risk factor. If core inflation comes in higher than expected, it would

According to Jin10 Futures, China's Coastal Bulk Freight Index (CBCFI) fell to 1207.64 points on May 12, down 3.2%. The decline was driven by reduced cargo availability in the shipping market, as downstream terminals showed limited acceptance of coal despite strong summer electricity demand

According to CRU Group, supply disruptions stemming from Middle East conflict could create a global aluminum market shortage of approximately 1.4 million tons this year. European aluminum premiums may rise to as high as $700 per ton.

According to Jin Shi Data, China's domestic airline fuel surcharges will increase starting May 16. Flights of 800 kilometers or less will see rates rise from 60 yuan to 90 yuan, while routes exceeding 800 kilometers will increase from 120 yuan to 170 yuan, representing increases of 30 yuan and 50 yu

According to Jin10 Data, Beijing's consumer price index (CPI) rose 0.4% month-over-month in April 2026, reversing a 1.1% decline in March, with year-over-year gains expanding to 0.6%. Non-food prices climbed 0.9%, becoming the primary driver of inflation. Gasoline prices surged 12.7% due to

According to Shanghai Futures Exchange (SHFE) warehouse receipt data released on May 12, aluminum oxide futures saw the largest single-day decline of 505,850 tons. Butadiene rubber also declined significantly, down 31,480 tons. Among other notable movements, lead futures increased 6,547 tons and

According to India's Oil Minister Puri, on May 12, the government is evaluating how much longer state-owned fuel retailers can sustain losses from selling diesel and gasoline below market prices. Joint Secretary Sharma disclosed that retailers currently lose approximately 100