Commodities (Crude Oil & Copper) & Macro Outlook

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

Asia stocks are set to rise Tuesday, tracking Wall Street gains after the S&P 500 closed up 0.2% and the Nasdaq 100 climbed 0.3% in New York. Oil jumped 3.4% to over $104 a barrel after President Donald Trump called Iran's response to a

JPMorgan Chase forecasts that crude oil will average $96 per barrel throughout 2026, with quarterly averages expected at $103 in Q2, $104 in Q3, and $98 in Q4.

At a panel discussion in New York, BlackRock CEO Larry Fink expressed optimism about investment opportunities in Venezuela, stating he is "quite optimistic" about the country's potential to return to its former prosperity. Fink noted that Venezuela's oil-rich resources and abundant solar and

According to Deputy Prime Minister Novak, Russia will maintain its 2026 budget oil price forecast at $59 per barrel, then lower it to $50 per barrel for the 2027-2029 period.

On May 11, COMEX silver futures surged 7.54% to $86.96 per ounce, while spot silver climbed 7.15% to $86.08 per ounce during New York's close. COMEX gold futures rose 0.46% to $4,747.60 per ounce, with spot gold up 0.40% to $4,734.33 per ounce. COMEX copper futures gained 3.11% to $6.4925 per

According to the U.S. Coast Guard, an offshore oil platform near Santa Barbara County, California caught fire today (May 11), with 26 workers evacuated to safety. Two people sustained injuries in the incident. The Coast Guard, Santa Barbara Harbor Patrol, and local fire departments coordinated

On Monday (May 11), U.S. Brent Oil Fund led gains across major asset class ETFs, rising 3.6%. Fear gauge long ETF climbed 1.46%, agricultural commodities fund gained 1.29%, and Barclays U.S. Convertible Bond ETF increased 1.26%. Russell 2000 Index ETF, Nasdaq-100 ETF, S&P 500 ETF, gold ETF, and

According to The Wall Street Journal, the United Arab Emirates has conducted military strikes against Iran, with attacks including a strike on an oil refinery on Ras Lavan island, according to people familiar with the

According to the U.S. Department of Energy, the agency has made available 92.5 million barrels of crude oil from the Strategic Petroleum Reserve for borrowing. To date, 53.33 million barrels have been loaned out under this

According to Bloomberg, the U.S. Strategic Petroleum Reserve released a record 1.22 million barrels per day in the week ended May 8, bringing total inventory to 384.1 million barrels. The weekly drawdown of 8.6 million barrels exceeded the previous record of 8.4 million barrels set on

According to ICE data, New York cocoa futures surged 12.34% to $4,698 per ton on Monday (May 11), with London cocoa futures rising 10.66% on the same day.

According to Bloomberg, CBOT wheat futures rose 2.79% on May 11 as the Bloomberg Commodity Index gained 1.08%. CBOT corn futures advanced 0.69%, while soybeans rose 0.25% to $12.11 per bushel. Live cattle futures climbed 0.30% before reversing course as U.S. President Trump commented on beef