Commodities (Crude Oil & Copper) & Macro Outlook

CME Group activated continuous twenty-four-seven trading for Bitcoin and Ether futures and options on its CME Globex platform, eliminating weekend and holiday market closures. The infrastructure upgrade addresses institutional demand for uninterrupted risk management, driven by three trillion

According to the Shanghai Futures Exchange (SHFE), on May 29, the exchange released its daily warehousing receipts update across 23 commodity futures contracts. Alumina inventory posted the largest decline, falling 15,610 tons to 436,720 tons; hot-rolled coil stock decreased 8,051 tons to 487,132 to

According to data from the Gulf Mercantile Exchange (GME), Oman crude oil's official selling price for July is $102 per barrel, down $2.73 from June's $104.73 per barrel.

According to the Shanghai Futures Exchange, this week copper inventory declined by 7,033 tonnes and lead inventory fell by 5,392 tonnes, while nickel inventory increased by 3,771 tonnes, natural rubber rose by 4,810 tonnes, and zinc gained 1,019 tonnes. Aluminum and tin inventories also moved

According to the European Central Bank's official blog article published on May 29, the ECB cited Iran's conflict as a potential driver of higher medium-term inflation expectations among eurozone consumers. The article noted that geopolitical tensions and prior energy price shocks have increased

According to Jin10 Futures, Shanghai Future Exchange energy and chemical inventory data on May 29 remained unchanged from the previous trading day. Pulp futures warehouse inventory stood at 207,266 tons, while crude oil futures inventory totaled 3,511,000 barrels. Fuel oil futures holdings

According to Jin10 Futures, New Zealand log exports saw stable wharf delivery prices (AWG) in May compared to April. Rising shipping costs combined with softening market conditions in China continued to compress exporters' margins, with supply chain participants absorbing costs to maintain AWG

Today, low-sulfur fuel oil (LU) futures contract fell over 2% intraday, trading at 4,578 yuan/ton.

Codelco's new chairman Bernardo Fontaine said on Thursday that the Chilean state-owned copper giant will pivot from a production-focused strategy to prioritizing profitability and operational efficiency. "Our responsibility is not to produce for the sake of production, but to do so in a safe, effici

Germany's import price index rose 1.2% month-on-month in April, exceeding the consensus forecast of 1.10%. The reading represents a significant decline from March's 3.60%, indicating a 2.4 percentage point month-over-month

Germany's import price index rose 5.3% year-over-year in April, matching economist forecasts and marking a significant acceleration from the prior month's 2.3% gain.

According to reports, Norway is pressuring the European Union to lift its Arctic drilling restrictions on May 29, as the region holds nearly two-thirds of Norway's oil and gas resources. The EU is expected to announce its new Arctic policy by late September. Norwegian officials and industry

According to CME data reported by Jin10, silver futures on May 28 showed concurrent increases, with trading volume at 49,976 contracts and open interest at 101,717 contracts, up 2,068 and 242 contracts respectively from the previous session. In contrast, Brent crude oil futures experienced

According to Jin10 Futures, China's asphalt prices rose to 4,535.57 yuan/ton this week (May 29), up 0.86 yuan/ton or 0.02% week-over-week. The modest gain was driven by tightening supply as asphalt production capacity utilization rates declined, coupled with stable demand from infrastructure

According to Japan's Ministry of Economy, Trade and Industry, Japan's total petroleum product sales in April declined 11.3% year-over-year.

According to Japan's Ministry of Economy, Trade and Industry, the country's crude oil imports declined 65.7% year-on-year in April, marking a significant decrease amid shifting energy dynamics.

According to Japan's Ministry of Economy, Trade and Industry, gasoline sales in April declined 2.6% compared to the same period last year.

According to Japan's Ministry of Economy, Trade and Industry, kerosene sales in April declined 13.3% compared to the same period last year.

According to CCTV Finance, on May 29, a leading global copper processor disclosed that orders for high-voltage electromagnetic flat wire products for electric vehicles are booked through the second half of 2027. The company's annual copper purchases, combining virgin and recycled copper, total