Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Futures Exchange official announcement, on June 9, 1 group of accounts under common control exceeded the daily intraday opening volume limit on relevant contracts. The exchange determined that the trading behavior violated Article 16 of the Exchange's Abnormal Trading

According to Guru Club, on June 9, WTI crude oil fell below $89 per barrel, declining 2.55% intraday.

According to Jin10 Futures, on June 9, Shanghai Futures Exchange warehouse receipts displayed mixed movements across key commodities. Silver holdings fell to 929,470 kg from 958,805 kg previously. Nickel inventories rose by 2,545 tonnes to 89,358 tonnes, while international copper increased 2,227 to

Brent crude oil declined 2% during intraday trading on June 9, falling to $92.36 per barrel.

According to Farside Investors and Strategy disclosures, Bitcoin crashed to a 2026 low of $60,800 last week, marking a decline of nearly 14% and erasing months of gains. The sell-off was compounded by Strategy's first Bitcoin sale since 2022, when the company sold 32 BTC for $2.5 million to cover

According to Rystad Energy, crude oil could surge to $150 per barrel over the coming months if Middle East tensions continue, chief economist Claudio Galimberti said on June 9, 2026. With global crude inventories already at low levels, Galimberti warned that without resolution of regional

According to China's Foreign Ministry spokesperson Lin Jian on Tuesday (June 9), after Washington requested Beijing resume rare earth exports to Japan, China maintains a ban on dual-use items for Japanese military users and purposes. The Foreign Ministry stated the policy aims to prevent Japan's

According to Shanghai Futures Exchange, the exchange will conduct full market tests on June 13 and 27, 2026 (both Saturdays) to ensure the smooth launch of market price orders.

According to Jin10 Futures, on June 9, pulp futures warehouse warrants rose to 235,809 tons, up 4,627 tons from the previous trading day. Pulp factory warrants remained unchanged at 20,000 tons. Other energy and chemical commodity warrants—including coated paper, fuel oil, petroleum asphalt, crude o

On June 9, Chinese commodity ETFs displayed mixed performance at market close. Jianxin Energy and Chemical Futures ETF fell 3.14%, while most precious metals and base metals funds advanced. State Grid Securities Shanghai Commodity ETF rose over 1%, leading gains among commodity funds, as did

According to Guru Club, lithium carbonate September futures surged 2.92% to 167,600 Yuan/ton during intraday trading on June 9. Trading volume reached approximately 34.206 billion Yuan, with daily position increases of 14,300 contracts reflecting significant changes in open

According to Citi on June 9, the bank cut its 3-month gold price target to $4,000 per ounce from $4,300, while maintaining its 6-12 month target at $5,000 per ounce. In energy markets, India's refiners increased liquefied petroleum gas production to 53,000 tonnes daily, up 60% from pre-Iran crisis l

According to China Futures Association data, China's futures market saw trading volume of 709 million contracts and trading value of 70.61 trillion yuan in May 2026, up 4.54% and 29.01% year-over-year respectively. The nonferrous and precious metals sector maintained strong momentum, with tin future

According to Guru Club, coking coal futures main contract hit daily limit down 8% to 1,340.5 yuan/ton on June 9, with sell orders surging to 17,000 hands. Coking coke 2609 weakened significantly intraday, falling 5.41% to 1,932 yuan/ton, with trading volume reaching approximately 7.061 billion yuan.

According to CCTV News and international media, Israel's Prime Minister Benjamin Netanyahu announced on June 8 a pause in military strikes against Iran, with Iran's armed forces also halting their attacks. Crude oil and fuel futures fell sharply as geopolitical tensions eased. Meanwhile, the U.S.

SC crude oil 2607 futures weakened intraday today, declining 3.07% to 578.4 yuan per barrel. Trading volume reached approximately 15.507 billion yuan, with positions reduced by nearly 3,300 contracts during the

According to Jin10 Futures, over the weekend on June 9, Iran attacked Israel, prompting Israeli retaliation and renewed military confrontation. Oil prices surged at the open but reversed course after U.S. President Trump announced both sides would achieve a ceasefire, retreating from intraday

According to Jin10, purified benzene prices in East China rose to 7,750 yuan/ton on June 8, up 100 yuan/ton from the previous trading day. The increase was driven by rising crude oil prices and reduced import arrivals at major East China ports, which strengthened market

According to ChainCatcher, Nado launched today the industry's first unified margin system using tokenized U.S. equities, with SPYx (S&P 500) and QQQx (Nasdaq 100) now supporting use as perpetual contract collateral. Users can trade crypto, forex, commodities, and stock perpetuals on a single

Several major economic indicators are scheduled for release on June 9, Beijing time: 19:00 – ECB Governing Council member Emmanuel Moulin speaks 20:30 – U.S. April trade balance; Canada April trade balance 22:00 – U.S. May new home sales (annualized) 00:00 (June 10) – U.S. Energy Information