Commodities (Crude Oil & Copper) & Macro Outlook

According to Hong Kong Exchanges and Clearing Chief Executive Officer Olivia Cheng, the London Metal Exchange's approved warehouse network in Hong Kong has expanded from 4 facilities to 15 over the past year, with storage capacity approaching saturation. LME began approving metal warehouses in Hong

According to Glontech, lithium carbonate main contract futures rose over 3% to 204,300 yuan/ton on May 11, marking a new phase high.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) mid-price reached 195,000 yuan/ton today (May 11), up 1,750 yuan/ton from yesterday's 4:30 PM close.

According to Gold Ten Data, Australia's government will announce on May 13 a budget with a smaller-than-expected deficit, driven by higher-than-anticipated fiscal revenues from rising commodity prices. Treasurer Jim Chalmers stated the budget will reflect "responsible" principles, prioritizing

Thai Oil stated that crude procurement costs and liquidity conditions faced material impacts in the second quarter due to heightened tensions in the Middle East.

According to National Bureau of Statistics chief statistician Dong Lijuan, China's April producer price index showed three main trends. Global crude oil price increases drove up domestic petroleum-related industry prices. Strong demand for semiconductors and accelerating electrification boosted pric

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China's producer price index (PPI) rose to 2.8% year-over-year in April, up sharply from 0.5% in the previous month, according to official data.

The Europe route main contract of the Shipping Index rose 4.00% intraday today, reaching 2,449.5 points.

According to Golden Ten Data, WTI crude oil surged past $100 per barrel on May 11, with intraday gains expanding to 4.8%.

According to a Yide Futures report on May 11, Iranian crude supply shortages and halted Venezuelan shipments are reducing domestic asphalt output, with May refinery production down over 50% year-over-year. Demand has fallen more than 35% year-over-year as high asphalt prices delay purchases. If

According to CITIC Securities research, the brokerage sees small-cap and growth stock styles as favorable in May 2026. At the macro asset allocation level, CITIC recommends increasing exposure to gold, commodities, and equities. On the sector front, lithium-ion battery and semiconductor industries a

According to China Federation of Logistics & Purchasing, China's April warehouse storage index remained at 51%, marking the second consecutive month in expansion territory. The index reflects steady growth in warehousing demand and smooth supply chain operations. Business activity expectations for A

According to South Korea Customs, during May 1-10, South Korea's exports surged 43.7% year-over-year, while imports grew 14.9%. The trade surplus reached $1.7 billion for the 10-day period.