Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Italian PM Giorgia Meloni on Wednesday criticized a U.S.-Russia diesel supply agreement as a "high-risk choice" that undermines efforts to pressure Russia into negotiations with Ukraine. The deal, announced last week, will see Russia supply over 300,000 tonnes of diesel to the U.

According to Guru Club, on October 14, unions representing over 1,000 workers at BHP's Escondida copper mine began wage negotiations with the mining operator to avert a strike. A strike affecting about one-quarter of the mine's direct workforce could help ease supply tensions in the copper

According to Shoukai Futures research on October 14, pure benzene futures prices held elevated levels as domestic supply remained tight. National pure benzene production fell 1.2% week-on-week, while hydrogenated benzene output declined 0.8% and Asian pure benzene output dropped 1.9%. East China

According to Jin10, U.S. September consumer price index is expected to rise significantly on October 14, driven by higher gasoline and food costs, adding headwinds for Trump and Republicans ahead of the November 3 midterm elections. A Reuters/Ipsos poll shows approximately 78% of Americans

According to Jin10 data, Iran-backed Houthi forces launched missile and drone attacks on multiple Saudi cities today (October 14), with Saudi Aramco's headquarters facility in Dhahran coming under fire. Saudi authorities confirmed a limited fire at the Aramco administrative complex with no

According to ChainCatcher, WTI crude oil (CLUSDT) on Gate rose to $93.67 on October 14 amid geopolitical premium and supply risks, up 2.09% in 24 hours. Contract open interest reached $131 million, ranking third industry-wide, with 24-hour trading volume of $79.01 million.

Mark Hackett, Chief Market Strategist at Nationwide Investment Management, stated that the recent commodities price surge may be linked to a selloff in bond markets, with capital flowing from bonds into commodities. According to Business Insider on the 13th (local time), Hackett noted that "hot

According to Jin10, Fujairah oil inventories fell by 7.49 million barrels week-over-week to 6.825 million barrels as of October 12. Light distillates rose 2.01 million barrels to 7.6 million; middle distillates increased 4.82 million barrels to 27.74 million; heavy distillates and residual fuel oil

According to Guru Club, Shanghai tin futures fell over 5% on October 14, trading at 376,460 yuan per ton.

According to Shanghai Futures Exchange data released on October 14, precious metals and base metals warehouse receipts showed mixed movements: copper increased 14,050 tons to 23,457 tons, while aluminum declined 2,385 tons to 92,920 tons, zinc fell 1,396 tons to 76,891 tons, and lead dropped 4,030 t

According to Shanghai Futures Exchange (SHFE) data reported by Jin10, low-sulfur fuel oil warehouse inventory decreased by 11,610 tonnes on October 14 compared to the previous trading day. Other energy and chemical futures warehouse and factory inventory positions, including pulp, coated paper, fuel

Brent crude futures rose to $106.32 a barrel at 03:45 GMT on 14 October, up 63 cents or 0.6 percent, recovering most of the prior session's losses. A Houthi missile struck an Aramco administrative building in Dhahran late on 13 October, causing a limited fire and no injuries, according to the

According to Jefferies economist Mohit Kumar on October 14, the likelihood of a U.S.-Iran agreement before November's midterm elections is diminishing. Kumar stated in a report that geopolitical tensions remain a key market driver, and while he previously held a more optimistic stance, the

According to Iraq News Agency on October 14, Iraq's oil exports surged to approximately 2.7 million barrels per day (bpd), marking a sharp recovery from around 200K bpd in May 2025, according to Oil Ministry spokesman Rikaabi. Most exports flow through southern routes, while northern routes

According to Shanghai Securities News, Dalian Commodity Exchange Chair Xiong Jun announced the exchange will accelerate research and development to launch new commodity varieties including regenerated steel scrap and sulfur, while expanding its product portfolio across agricultural, chemical, and st

According to Guangdao Futures via Jin10, ethylene glycol futures rose over 4% overnight on October 13, leading the energy chemical sector. Renewed Middle East geopolitical tensions around the Strait of Hormuz and sustained crude oil prices above $105 per barrel provided dual support for the rally.

According to Reuters, the European Union is considering providing financial support to Vietnam's critical minerals industry while seeking involvement in processing projects. Separately, Vietnamese company Masan High-Tech Materials is in talks with foreign investors to sell a 5%

According to Guru Club, on October 14, Shanghai tin futures primary contract fell 4% to 381,240 yuan per ton.

According to a Bloomberg interview on Tuesday, New York Federal Reserve Chair John Williams stated that AI equipment supply could require more than two years to match demand, potentially adding to inflation pressure. Williams said AI infrastructure buildout is driving up chip and commodity prices. W

According to Guru Club, Apple futures continuous main contract fell 6% intraday on October 14, now trading at 6,305 yuan per ton.