Commodities (Crude Oil & Copper) & Macro Outlook

According to CSRC Chair Wu Qing at the 2026 Lujiazui Forum, China will smoothly advance the launch of LNG futures and options to enhance the international influence of "Shanghai prices." Wu also stated support for developing additional commodity futures on power and other strategic, foundational

SC crude oil main contract futures fell 4.00% during intraday trading today, with prices settling at 508.50 yuan per barrel.

WTI crude oil declined 1.00% during intraday trading on June 17, settling at $75.93 per barrel.

路透社6月披露，美軍自5月起在阿聯酋富查伊拉外海及阿曼蘇哈爾港附近監控秘密油輪對船轉運，至少92艘船、轉運量近9,000萬桶。油輪以3–4公里間隔、關閉AIS與燈光，穿霍爾木茲海峽後與VLCC對接，持續24–40小時。美軍負責空中監視與航路監控，非卸載。6月9日被擊落的AH-64直升機當時參與該行動。分析認為此作法類似伊朗暗船模式，但規模更大，為臨時解決方案，風險極高。

According to SentimenTrader data released on June 17, crude oil prices fell 10.31% over the past 5 trading days, while the long-term U.S. Treasury ETF TLT gained 1.30%. Historical data shows that since 2008, when this market combination occurs—oil declining sharply while Treasury bonds rise—the

According to WEEX TradFi data, crude oil prices fell sharply today (June 17) following the announcement of a U.S.-Iran ceasefire agreement. CRUDEOIL dropped 5.2% to $76.02, while USOON declined 3.8% to $115.15, driven by market expectations of restored Hormuz Strait transit and increased Iranian cru

According to a report by The Financial Times on June 16, Japan's Mitsui O.S.K. Lines president said most shipowners will wait for several weeks to confirm that the U.S.-Iran agreement to reopen the Hormuz Strait is being implemented before resuming normal operations. The company expects shipping

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) midprice rose to 169,150 yuan/ton today (June 17), up 300 yuan/ton from the previous closing price on June 16.

According to China's Ministry of Agriculture and Rural Affairs, the nation's summer grain harvest has secured bumper crop status this year, with over 90% of the harvest completed nationwide and most of the crop safely stored as of mid-June. The ministry noted that grain planting area remained

美伊獲得的14條條款草案指出，若本週簽署框架協議，核心內容涵蓋停火及主權、海上通行與軍事部署、經濟重建與制裁解除、核計畫、能源出口與資產解凍，以及監督機制與程序。草案要求簽署後60天內完成最終談判，海上封鎖解除與航運恢復，周邊力量於30天內撤出；美方提出至少3000億美元的經濟重建計劃，並在60天內制定實施機制與逐步解凍資產。正式效力以簽署為準，最終協議將接受聯合國安理會決議。

LPG futures contracts fell 300 yuan intraday today to 4,899 yuan per ton, representing a 5.77% decline.

According to Bloomberg and Kpler on June 17, four Iranian oil tankers activated their transponders and exited the Strait of Hormuz and Gulf of Oman, including two supertankers with individual capacity of 2 million barrels each, signaling a potential lifting of U.S. maritime restrictions.

According to Goldman Sachs on June 17, the bank maintains its TTF natural gas price forecasts for the second half of 2026 and 2027, adjusting the 2026 forecast to 41 EUR/MWh from its prior estimate of 42 EUR/MWh, while keeping the 2027 forecast at 30 EUR/MWh.

According to JPMorgan Chase, the firm upgraded its year-end 2026 target for the MSCI Emerging Markets Index to 2,000 points from 1,575 points, representing a 27% increase and implying approximately 13% upside from Tuesday's close. The bank cited the reopening of the Strait of Hormuz as supportive fo

According to Gate's latest data, silver prices rose to $70.173 per ounce, up 0.71% intraday on June 17. Gold prices climbed to $4,337.19 per ounce, up 0.22%. Bitcoin volatility index (BVIX) fell 3.23% to 38.71, while Ethereum volatility index (EVIX) dropped 4.39% to 54.5. USD/CNH declined 0.03% to 6

比特幣（BTC）反彈勢頭乏力，6 月 17 日回跌至 65,590 美元左右。美國商品期貨交易委員會（CFTC）主席麥可‧塞利格（Michael Selig）表示，永續合約將逐項資產進行評估，而不是一攬子授權。伊利諾州成為全美首個徵收數位資產交易稅的州，預計於 2027 年 1 月 1 日生效。

Low Sulfur Fuel Oil (LU) futures main contract fell 4.00% intraday today, currently trading at 3,916 yuan per ton.

According to Japan's Ministry of Finance, the country's crude oil imports fell 57.3% year-over-year in May, while liquefied natural gas imports declined 15.1% to 3.96 million tons over the same period.

According to reports, CBOT soybean futures rose 1% at Tuesday's (June 16) close as spot market sources indicated buyers were seeking offers for U.S. soybean shipments due late 2026 to early 2027. However, gains were limited by improved U.S. soybean crop conditions and declining crude oil prices.

According to a G7 statement issued on June 17, the group announced it will strengthen sanctions against Russia's oil and gas sector and increase weapons deliveries to Ukraine, including air defense systems, interception equipment, and long-range strike capabilities. The G7 also said it is prepared t