Commodities (Crude Oil & Copper) & Macro Outlook

According to China's Academy of Sciences Institute of Process Engineering, the nation achieved a major breakthrough in difficult-to-process iron ore technology today (Sept 1), ending a two-decade research effort. The world's largest magnetized roasting facility for complex iron ore also completed co

According to data released by Kpler on September 1, only 5 vessels transited the Strait of Hormuz on August 31, compared to a 10-day average of approximately 14 vessels. None of the transiting vessels were tankers; 4 ships entered the strait, including 1 empty small-scale liquefied natural gas

According to Guru Club, lithium carbonate futures tumbled 2.00% on September 1, trading at 157,280 yuan per ton. The contract had earlier surged more than 1% during the trading day before the sharp reversal.

According to Vice President JD Vance in an interview with Fox News on September 1, the United States' current focus in its operations against Iran is ensuring that commercial activity can freely transit the Strait of Hormuz. Vance stated that a U.S. military strike on Larrak Island on Sunday aimed t

WTI crude and Brent oil declined about $0.6 per barrel in short-term trading, now trading at $85.48 and $90.42 per barrel respectively.

According to Jin10, aluminum prices rose amid improved market sentiment on September 1, driven by U.S. Treasury expansion of long-term debt buybacks and Nvidia's stronger-than-expected Q2 earnings boosting AI infrastructure investment. On the fundamentals side, downstream demand eased slightly,

According to the Ministry of Trade, Industry and Energy, South Korea's exports in August surged 68.7% year-over-year to $98.25 billion. Cumulative exports for the first eight months of 2026 reached approximately $694 billion, surpassing last year's full-year total. The ministry indicated that

Japan's domestic auto sales (excluding mini vehicles) grew 9.1% year-on-year in August, according to market data.

According to Jin 10 Futures, benzene futures in East China surged to 8,250-8,510 yuan/ton on September 1, up 150-360 yuan/ton from the previous trading day. Rising international crude oil prices provided significant support, while tight port supplies near the delivery period boosted spot prices.

San Francisco Federal Reserve economist Sung Ye-ji released a report on oil prices and inflation expectations on the 1st, finding that upward revisions to gasoline price growth forecasts raised inflation expectations, but downward revisions showed no significant change, demonstrating an asymmetric r

According to Sung Ye-ji, an economist at the Federal Reserve Bank of San Francisco, a study released today found that gasoline price expectations and inflation expectations show an asymmetric relationship. When expectations for gasoline price increases are revised upward by 10 percentage points,

According to BlockBeats, on September 1, WTI crude oil rose to $86 per barrel with intraday gains of 0.73%, while Brent crude touched $91 per barrel, up 0.75% intraday, according to Bitget market data.

According to Indonesia's Central Bureau of Statistics, the country exported 13.51 million tons of crude oil and refined palm oil from January to July 2026. Coal exports during the same period reached 201.47 million tons.

According to ECB Governing Council member Rehn, an ongoing conflict in Iran could lead to persistently elevated inflation. The statement reflects concerns over geopolitical risks and their potential impact on energy prices and overall price stability in the

According to China Iron and Steel Association, China exported 10.121 million tons of steel in July, down 1.9% month-on-month but up 2.9% year-on-year. The export price averaged $715.7 per ton, up 0.7% month-on-month and up 1.9% year-on-year.

According to the U.S. Environmental Protection Agency, Chicago soybean futures reached their highest level since 2023 this week, following the agency's announcement of 1.76 billion renewable fuel credit exemptions for 2025—the largest package issued to

As of September 1, Bitcoin had edged back up to around $78,770 but still failed to reclaim the $80,000 mark. Iran launched missiles overnight at two U.S. Air Force bases in Jordan, and U.S. President Trump said in the White House Oval Office and in an interview with Fox News, “We’re going to hit them hard.” Trump also said U.S. GDP growth could reach as high as 20% and stated that such growth would not cause inflation, arguing against Fed rate hikes despite strong economic data. Direct U.S.-Iran

According to data released by Kpler on September 1, five vessels transited the Strait of Hormuz region on August 31, remaining relatively flat compared to the previous weekend but well below the 10-day average of approximately 14 vessels. Of the five ships, four entered the strait with no tankers pr

According to BlockBeats, trader xm39 significantly expanded a WTI crude oil long position on Hyperliquid on Sept. 1, increasing holdings to 34.04 million shares through multiple rolling operations. The position grew by 25.91 million shares—a 319% increase from before the operations—with an

According to Jin Lian Chuang, China's LNG supply volume in August 2026 reached 50.1 billion cubic meters, up 1.2% month-on-month but down 9.4% year-over-year. Imported LNG volume surged 9.3% to 11.7 billion cubic meters, offsetting a slight decline in domestic production to 38.4 billion cubic meters