Commodities (Crude Oil & Copper) & Macro Outlook

According to Marisks, a Greek maritime risk management company, two supertankers were struck by projectiles in the Strait of Hormuz on September 1.

According to official filings, Iraq set minimum prices for crude oil shipments to be delivered in September outside the Hormuz Strait through a tender process.

According to Yonhapinfomax, the dollar-yen exchange rate rose 0.07% to 159.848 yen on September 1 amid escalating Middle East tensions. The U.S. military destroyed an Iranian rocket launch facility on Larak Island in the Strait of Hormuz on August 30, prompting Iran to attack American military

The dollar-yen exchange rate rose 0.07% to 159.848 yen as of 2:54 PM on the 1st amid Middle East tensions. International oil prices climbed on concerns of escalating regional instability, with West Texas Intermediate (WTI) crude futures temporarily hitting $87 per barrel in Asian markets. The oil pr

According to Jin10 Futures, on September 1, the Dalian Commodity Exchange reported the following warehouse receipts for chemical futures: polyethylene 4,273 units (unchanged from previous trading day); polyvinyl chloride 119,794 units (up 404 units); polypropylene 28,906 units (unchanged); ethylene

According to Bitget, WTI crude oil rose 1% to $86.26 per barrel on September 1.

According to market schedules, manufacturing PMI final readings for France, Germany, and the eurozone for August will be released within the next 10 minutes. Additionally, London Metal Exchange (LME) inventory changes for copper, aluminum, and nickel as of September 1 will be published within 20 min

According to Guru Club, on September 1, China's commodity futures market closed mostly higher, with ethylene glycol surging over 6% and methanol gaining over 5%.

According to a forum held at South Korea's National Assembly on Sept 1, academics and industry officials raised concerns over the government's proposed consolidation of five state-owned power generators into a single entity. Soongsil University Professor Lee You-soo noted that the five companies

Brent crude gained over 1% intraday today, trading at $91.24 per barrel.

According to Shanghai Futures Exchange, copper, aluminum, zinc, gold, and silver futures warehousing receipts showed mixed movements on September 1. Copper futures receipts fell to 29,766 tons, down 574 tons from the previous trading day. Aluminum dropped to 238,373 tons, declining 3,321 tons.

According to Jin10 and Shanghai Futures Exchange data on September 1, pulp futures warehouse inventory increased to 387,339 tonnes, up 1,464 tonnes from the previous trading day. Petroleum bitumen futures warehouse inventory declined to 8,890 tonnes, down 1,000 tonnes. Inventory levels for fuel

Jingye Steel's official account announced on September 1 that the company raised prices for four steel product categories by 100 yuan per ton, effective immediately. The price increase applies to rebar, medium and heavy plate, hot-rolled coil, and cold-formed products sold through Jingye Sales

According to Beijing Daily, China's Foreign Ministry spokesman Guo Jiakun stated on September 1 that China and Russia are expanding cooperation in the energy sector and other fields under the strategic leadership of both nations' leaders. China remains committed to deepening practical cooperation

According to China's Foreign Ministry spokesman Guo Jiakun on September 1, the U.S. and Venezuela reached a petroleum cooperation agreement involving Chinese enterprises operating in Venezuela. Guo stated that China will ensure its legal

According to CME data on August 31, energy and precious metals futures showed divergent trends. WTI crude oil trading volume increased 207,425 contracts to 672,031 hands, with open interest up 609 contracts to 1,896,523 hands. Natural gas volume surged 56,166 contracts to 417,206 hands, and open int

According to Jin10, Russia's shadow fleet transporting liquefied natural gas from the U.S.-sanctioned Arctic LNG 2 project has nearly doubled in size within less than a year, as of September 1. Analysis of vessel tracking data shows at least 20 ships have now provided transportation services to Arct

Youngpoong-MBK Partners criticized Korea Zinc chairman Choi Yoon-beom's investment structure in entertainment companies, alleging that company funds followed personal investments. The alliance analyzed that 650 billion won out of 690 billion won invested by Won Asia Fund (funded by Korea Zinc) in th

According to GME data, Oman crude oil October official selling price rose to $87.84 per barrel on September 1, up $11.48 from $76.36 in September.