Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Jin10 Futures, CBOT soybean oil futures closed down 1.8% on Tuesday, with the benchmark contract trading between 67.84 and 69.63 cents. The decline was driven by a sharp drop in crude oil following a preliminary peace agreement between the U.S. and Iran. Soybean oil, a key feedstock

According to SinoInfo, China's corrugated containerboard prices have risen to 2,961 yuan per ton as of June 16, up 11.23% from the mid-April low of 2,659 yuan per ton. The rebound is driven by tightening supply of waste paper and sustained high export demand. Listed companies in the sector have

According to U.S. intelligence assessment reported by BlockBeats on June 17, Iran still possesses the capability to close the Strait of Hormuz. U.S. intelligence officials noted that Iran has retained missiles, drones, fast attack craft, and mine-laying capabilities that could disrupt global

According to Tanker Trackers, on June 15, at least two supertanker vessels of Iran's National Tanker Company exited the U.S. naval blockade, carrying 3.8 million barrels of crude oil in total, marking Iran's first crude oil export in two months. The maritime intelligence company verified the

According to Guru Club, on June 17, the Dow Jones created a new record high, while the Nasdaq fell over 1% as tech stocks retreated. Japan's central bank raised its policy rate to 1%, the highest level since 1995, driving the Nikkei index to another all-time high with year-to-date gains of 37.87%.

According to U.S. messaging on June 16, Qatar Energy, which operates Qatar's largest liquefied natural gas facility, has informed its customers of plans to restore production capacity to 50% of pre-disruption levels within one month after the Strait of Hormuz reopens, and to 80% within two

According to S&P Global Energy's latest research, expanding biofuel demand is a "powerful catalyst" to restore farm profitability as rising crop yields fuel persistent supply surpluses amid stalled market demand. The research found that technological improvements continue to boost agricultural

Bitcoin rose 1.9% this week as May consumer inflation hit 4.2% year over year and risks from the Iran conflict eased, according to crypto market maker Wintermute. The CPI reading marked the third consecutive monthly acceleration and the highest level since 2023, though it matched expectations. Winte

According to MarketWatch, the U.S. and Iran are set to sign a peace framework agreement on Friday (June 19), with the full text to be disclosed ahead of the signing, according to Vice President Vance. President Trump has indicated he may hold a press conference to explain the agreement

The Dow Jones index hit a record high on Tuesday, gaining 0.6% to close at 51,999.67, while the S&P 500 slipped 0.1% to 7,548.60 and the Nasdaq 100 dropped 1.9% to 29,968.13. The divergence came as cooling oil prices pushed industrial and materials stocks higher and eased inflation concerns ahead

The Dow Jones hit a record high of 51,999.67 on Tuesday, gaining 0.6%, driven by industrial and bank stocks as oil prices extended their decline to below $80 per barrel—the first time since March. The S&P 500 fell 0.1% to 7,548.60, while the Nasdaq 100 dropped 1.9% to 29,968.13 amid weakness in

According to API data, U.S. crude oil production declined 17,000 barrels per day in the week through June 12, compared to an increase of 262,000 barrels per day in the previous week.