Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, workers at BHP's Escondida copper mine in Chile will strike Wednesday at 8 a.m. following failed wage negotiations. The union, representing about a quarter of direct employees, cited insufficient wage agreement. London copper prices have climbed toward $14,700 per ton amid the st

Legendary investor and Tudor Investment founder Paul Tudor Jones warned today (October 14) that U.S. equities face significant headwinds throughout 2027, citing three major threats: a wave of tech IPOs and secondary offerings, rising fiscal deficits, and elevated oil prices. Jones, who famously

According to Jin10, Africa Energy Week 2026 opened in Cape Town on October 13, attracting over 10,000 delegates from more than 1,500 global companies. The event's theme is "Investing in African Energy: Expanding Affordable and Adequate Energy Supply." Participants called for stronger regional

According to official data released today, China's September CPI rose 0.9% year-over-year, while PPI climbed 5.0% year-over-year—the largest increase since June 2022. Exports surged 36.3% on-year and imports rose 31.0%, both exceeding forecasts. In Hong Kong equity markets, the Hang Seng Index rose

Korean treasury yields rose during the current trading session, with long-term rates climbing more sharply than short-term rates, resulting in a steeper yield curve. The 3-year benchmark yield increased 3.7 basis points

President Donald Trump announced on Truth Social on Oct. 14 that large-scale exploration for oil, natural gas, and minerals is being prepared in Greenland. Trump highlighted the island's resource potential, claiming some experts say the amount of easily extractable oil there is far greater than in a

According to Yonhapnews, South Korean government bond yields rose sharply on October 14, with the 10-year yield climbing 4.7 basis points to 4.267%. The 3-year yield increased 3.7bp to 3.889%, while the 30-year yield gained 3.4bp to 4.353%, marking a steepening of the yield curve. Foreign

According to Apollo Global Management, yesterday (October 13), the 10-year U.S. Treasury yield has risen approximately 100 basis points since the start of 2026. The asset manager attributed the increase to two primary factors: a rise in expected real short-term rates driven by oil prices and

U.S. President Trump announced that large-scale exploration for oil, gas, and mineral resources will soon begin in Greenland, describing it as "our new and beautiful Greenland."

According to Guru Club, Citi cuts its three-month aluminum price forecast to $3,000 per metric ton from $3,300 on October 14. The downward revision reflects expectations for aluminum prices over the next 0-3

According to Jin10, China's residual fuel oil prices edged higher as of October 13. Low-sulfur residual crude in Shandong climbed to 6,495 yuan per ton, up 50 yuan or 0.78% from October 8; medium-sulfur residual crude reached 6,260 yuan per ton,

According to ChainCatcher, citing Nuveen fixed income strategy chief Tony Rodriguez, energy price increases have not yet transmitted to core inflation as of September. However, if the trend persists for two consecutive quarters, it could begin affecting food and commodity prices. Economists

According to reports, Malaysian palm oil futures rose on Oct 14 for a third consecutive day, supported by rising crude oil prices and strong domestic edible oil demand. September palm oil stockpiles surged to a record 3.51 million tons due to peak production, exceeding market expectations. Palm oil

Energy experts assessed Russia's diesel supply agreement announced by US President Donald Trump on the 9th (local time), finding the volumes minimal compared to market demand. Russia committed to immediately supply 300,000 tons of diesel to US and global markets, representing approximately 2% of US

According to China's Ministry of Commerce, the ministry announced the 2027 fertilizer import tariff quota totaling 13.65 million tonnes. The breakdown includes 3.3 million tonnes of urea, 6.9 million tonnes of diammonium phosphate, and 3.45 million tonnes of compound fertilizer.

According to Guru Club, copper prices held steady on Wednesday (October 14) as supply concerns from Chile offset gains driven by higher oil prices. Traders weighed supply risks amid elevated energy costs, sustaining focus on inflation persistence and potential economic slowdown. Analysts from TD

According to Lorenzo Valente, digital assets research head at ARK Invest, Variational's RWA perpetual futures trading volume surpassed Trade.xyz for the first time in over a year, as shared on X platform.

According to Wang Ying, Vice Director of China's Securities Regulatory Commission Futures Supervision Department, the Chinese futures market reached 3.148 million active clients as of the end of September 2026. Commodity futures trading volume has ranked among the world's top for multiple

Wall Street drifted in morning trading Wednesday amid the latest updates on the jobs market and further escalation in the US war with Iran, according to US Stock Market News from September 2. The S&P 500 index rose 0.1 per cent, the Dow Jones Industrial Average rose 265 points, or 0.5 per cent, as o

The release of U.S. API and EIA weekly crude oil inventory data has been postponed due to the Columbus Day holiday. API data will now be released on October 15 at 04:30 Beijing time (Thursday), while EIA data will be released on October 16 at 00:00 Beijing time (Friday), moving from their