Commodities (Crude Oil & Copper) & Macro Outlook

Foreign investors net sold 61,119 contracts of 3-year Korean treasury bond futures over four consecutive trading days from the 27th, reversing their prior net buying streak. The selling began after the August monetary policy meeting on the 27th. From late July to early August, foreign investors

According to shipping data and documents, Venezuela's daily oil exports remained stable in August at 1.17 million barrels, showing no significant change from the previous month.

According to Guru Club, the container shipping index (EU route) main contract surged over 10% intraday on September 2, currently trading at 2,015.5 points.

Fuel oil futures main contract surged 8.00% intraday on September 2, trading at 4,115.00 yuan per ton.

According to Guru Club, methanol and ethylene glycol futures both touched their daily limits on September 2. Methanol futures main contract surged 6% to 3,227 yuan per ton, while ethylene glycol futures main contract climbed 6% to 5,809 yuan per ton.

During early trading today (Sept 2), China's commodity futures showed broad gains led by SC crude oil rising nearly 10%. Shipping costs on Europe routes jumped over 9%, while ethylene glycol gained nearly 6%. Fuel oil and low-sulfur fuel oil climbed over 5%, bitumen rose over 4%, and plastics and st

On September 2, Bitcoin briefly fell below $77,000, reaching a low of $76,762. According to CoinGlass data, approximately $115 million worth of cryptocurrency long positions were liquidated over a one-hour period. The U.S.-Iran military conflict sharply escalated, with U.S. Central Command stating that the U.S. military had launched strikes against Islamic Revolutionary Guard Corps (IRGC) targets inside Iran in response to Iran’s recent attempted attacks on commercial vessels and U.S. forces in

The USD-KRW exchange rate fell to 1,375.00 won at 6am on September 2, marking a year-low level despite Brent crude oil prices remaining above $90 per barrel. Export companies' dollar selling has dominated market dynamics, breaking the traditional correlation between oil prices and the Korean won

According to Gate data, Brent crude oil (XBRUSD) broke through $98 per barrel, currently trading at $98.01, up 5.7% in the past 24 hours.

According to Yonhapinfomax, the Korean won hit a fresh one-year low of 1,375 won per U.S. dollar on September 2, even as Brent crude remained above $90 per barrel. The currency weakened to 1,364.30 won the previous day, marking a drop of over 190 won in two months. Analysts attribute the won's

According to Guotai Junan Futures research dated September 2, methanol port inventory is expected to shift from accumulation to slight drawdown in the near term. Both port and domestic supply-demand dynamics for methanol have improved, with some MTO (methanol-to-olefins) units planning production re

According to Guru Club, Brent crude oil broke through $96 per barrel today (September 2), rising 1.45% intraday.

According to Jin10, an explosion was reported at Assaluyeh Port in Iran, a key energy hub on the Persian Gulf coast, during early trading on September 2. International oil prices continued to rebound following the

Samsung Electronics and SK Hynix stocks declined in early trading on September 2nd, with Samsung Electronics falling 3.07% to 253,250 won and SK Hynix dropping 2.54% to 1,643,000 won as of 9:10 AM local time. The declines followed a triple blow: the Philadelphia Semiconductor Index fell 2.1%

According to The Fact Korea, KOSPI fell 2.81% (192.01 points) to 6,643.79 as of 9:05 a.m. on September 2 following a U.S. airstrike on Iran, raising Middle East tensions. U.S. stock markets declined overnight, with

According to U.S. Energy Secretary Wright, 17 million barrels of oil passed through the Strait of Hormuz on Monday (September 1).

According to Guru Club, WTI crude oil and Brent crude both climbed 1% on September 2, with WTI trading at $91.13 per barrel and Brent at $95.61 per barrel.

According to market data, U.S. stock indices declined on Tuesday (Sept 2) as geopolitical tensions between the U.S. and Iran escalated, pushing oil prices higher. The S&P 500 fell 0.7%, Nasdaq 100 dropped 1.3%, and the Dow Jones Industrial Average declined 0.8%. West Texas Intermediate crude

The USD-KRW 1-month non-deliverable forward (NDF) rose to 1,373.50 won (MID) in final trading on September 2, according to overseas brokers, representing a 3.55 won increase from the previous Seoul spot market close of 1,370.40 won when accounting for the 1-month swap point of -0.45 won. The

According to Reuters, Valero Energy's Port Arthur refinery in Texas, with a daily processing capacity of 385,000 barrels, experienced a power outage on Tuesday evening following Tropical Storm Edward. The outage in the facility's southern section caused the AVU-147 crude distillation unit to shut