Commodities (Crude Oil & Copper) & Macro Outlook

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

納坦雅胡在 CBS 60分鐘訪談稱與伊朗的戰爭尚未結束，列出條件：撤除核材料與濃縮設施、處理代理人、納入彈道飛彈；伊朗提出分離議題、部分稀釋並送第三國、拒拆除設施，暫停時程短於美方 20 年。川普稱提案完全不可接受。油價重回上漲，亞股受中東風險影響波動，和平談判仍在進展中。

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.

WTI crude oil touched $99 per barrel today (May 10), up 3.80% intraday.

According to Hongyuan Futures, Shanghai tin futures broke through the 400,000 yuan per ton level last week, hitting a high of 430,700 yuan per ton, with a weekly gain of nearly 10%. Macro sentiment recovery and rising AI sector demand drove the rally, while the U.S. Federal Reserve maintained

According to shipping intelligence firm Kpler, two crude oil tankers carrying a combined 4 million barrels disabled tracking signals while transiting the Strait of Hormuz last week to evade Iranian attacks. The Basrah Energy, a very large crude carrier (VLCC), loaded 2 million barrels of Upper

沙烏地阿美2026年第一季調整後淨利336億美元，年增26%，超預期，受油價上升及改道東西向管道出口以避開荷姆茲海峽封鎖所致。執行長警告若封鎖持續，市場要到2027年才會回到平衡。

On Sunday, May 4, Indian Prime Minister Narendra Modi urged citizens to adopt conservation measures including reducing fuel consumption, working from home, limiting travel, and restricting imports, citing pressure on the country's foreign exchange reserves from surging global energy prices. Modi