Commodities (Crude Oil & Copper) & Macro Outlook

Japan's Economy Minister Akasawa Ryo and U.S. Treasury Secretary Bessent discussed energy and critical mineral issues on Tuesday.

The China Containerized Freight Index (Europe Route) main contract rose over 2.00% intraday today, reaching 2,495.0 points.

According to U.S. Customs and Border Protection, the first batch of illegal tariff refunds will begin distribution on May 12, with some American enterprises receiving reimbursements. The refunds cover tariffs previously collected but later ruled unlawful by the U.S. Supreme Court. Over 330,000

According to Shanghai Metals Market, MMLC battery-grade lithium carbonate (morning session) was quoted at 195,650 yuan/ton on May 12, up 250 yuan/ton from the previous day's 16:30 price.

LPG futures contracts jumped 6.00% intraday on May 12, reaching 6,074 yuan per ton.

According to Jinshi Futures, at 09:30 Beijing time on May 12, WTI crude oil futures rose 0.74%, while U.S. natural gas futures rose 0.24%.

比特幣（BTC）維持窄幅波動，5 月 12 日暫報 81,380 美元左右，多空清算比例均衡。據 Onchain Lens 監測，已破產交易所 FTX 將 199,263 枚 SOL 解除質押。Ripple 已從 Neuberger Berman 管理的基金獲得 2 億美元的信貸額度，以擴大其機構主經紀業務的貸款能力。

Japan's Finance Minister Katagiri Kousuki denied intervention in the crude oil futures market in a latest statement. The minister reiterated that Japan has not taken action to influence crude oil price

The China Containerized Freight Index (CFI) for the Europe route fell below 2400 points intraday on May 12, declining 2.29% during the trading session.

According to China International Capital Corporation (CICC), China's April PPI rose 1.7% month-on-month and 2.8% year-on-year, expanding from 0.5% in March, while CPI increased 0.3% and 1.2% respectively, up from 1.0% previously. The PPI surge was driven primarily by energy and chemical sector

According to CCTV, the U.S. International Trade Court ruled against the Trump administration's new tariff measures on May 8, though it did not fully halt tariff collection. The administration filed an appeal the same day. If the court approves a stay of the ruling, three importers who previously

According to institutional data and multiple brokerage reports, aluminum processing plants in China received significantly increased overseas orders since late March. Export products are primarily profiles for

According to CCTV, the Trump administration requested a U.S. court to pause execution of an unfavorable ruling on 10% global tariffs today (May 11) to continue the federal appeal process.

According to Glontech, the U.S. Strategic Petroleum Reserve allocated 53.5 million barrels to companies including Trafigura and Marathon Petroleum for release between June and August to help ease oil price surge linked to the Iran conflict. The release, the second-largest SPR sale in history, is pa

According to Shanghai Securities News, lithium carbonate futures main contract 2609 rose 3.51% on May 11, closing at 205,020 yuan/ton, marking a two-year high. The contract has gained over 40% since January, starting from 120,000 yuan/ton. Spot prices moved in tandem, with battery-grade lithium carb

According to independent budget analysts, on Tuesday, May 12, Trump proposed suspending the federal gasoline tax of 18.4 cents per gallon "until the time is right." The Committee for a Responsible Federal Budget estimates the suspension will cost the federal government approximately $3.5 billion