Commodities (Crude Oil & Copper) & Macro Outlook

According to Kazakhstan's Ministry of Economy, the country's oil production fell 8.3% in the first nine months of the year, declining to 69.4 million tons.

According to Iran's Revolutionary Guard, on October 12, the IRGC claimed it struck a third supertanker in the Strait of Hormuz in two days, stating the vessel caught fire after switching off its navigation system and ignoring warnings. However, the UK Maritime Trade Operations (UKMTO) logged only on

According to Guru Club, ICE plans to launch cattle and hog futures contracts on December 7, marking its entry into a market long dominated by CME Group. The contracts will include physically-delivered live cattle futures alongside three cash-settled cattle and hog price contracts, pending

According to Jin10, South Korean refiner SK Energy purchased 600,000 barrels of U.S. West Texas Intermediate crude oil on October 13, scheduled for delivery in the first half of January 2027. The cargo, sold by Vitol last week, was priced at a premium of approximately $30 per barrel relative to

According to Guru Club, WTI crude oil futures dropped 2% to $91.859 per barrel today (Oct 13).

According to Guru Club, on October 13, a Dalian Commodity Exchange official stated that the exchange's chemical futures contracts maintain price correlations with spot markets at over 90%, with hedging efficiency exceeding 90%. Over 90% of domestic ethylene glycol and styrene spot trades directly

According to Zhitong Caijing, the Hang Seng Index closed up 0.30% (74.02 points) at 24,345.22 on October 13, with total trading volume of 187.566 billion HKD. The Hang Seng Tech Index fell 0.79% to 4,136.63 points, while the Hang Seng China Enterprises Index rose 0.08% to 8,174.72 points. Oil

From 08:00 to 08:15 (UTC) on October 13, 2026, BTC rose slightly by 0.35% over the 15-minute period, trading between 83,861.7 and 84,157.9 USDT, with an amplitude of 0.35%. Against the backdrop of a 4% intraday amplitude, the 15-minute candlestick closed as a small bullish candle, but Filled Amount was only 310.3 BTC. Overall, the market showed signs of low-volume, narrow-range consolidation, reflecting hesitation amid macroeconomic uncertainty. The primary driver of this move was the lack of a

According to Goldman Sachs, global crude oil shipping costs surged to $30 per barrel on October 13, up from $4 a year ago, with Middle East routes reaching $35 per barrel. The investment bank attributed the spike primarily to ship-to-ship transfers amid Red Sea attacks and Iran's fleet lockdown,

According to Guru Club, on October 13, European natural gas prices reached their highest level since December 2022, with Dutch TTF futures rising 1.7% to 85.82 euros per megawatt-hour. The European Union's gas storage facilities currently stand at 73% capacity, down from a five-year seasonal

According to ship tracking data and vessel brokers, Japanese-affiliated tankers are resuming direct shipments of crude oil from the Middle East since early October, marking a cautious recovery after avoiding broader Persian Gulf routes since the February escalation. A supertanker owned by

According to Guru Club, on October 13, methanol futures in China fell over 6% at market close, with soda ash and NR declining more than 3%. Ethylene glycol, alumina, and zinc fell over 2%, while fuel oil and pure benzene rose approximately 6% and 4%

According to Citi research reported by Jin10 on October 13, the UAE economy is expected to contract 0.2% in 2026 due to weakness in non-oil activities offsetting continued oil sector expansion, following 6.2% growth in 2025. Citi forecasts non-oil output will decline 0.8% in 2026, reversing 2025's 6

According to Galaxy Futures, as of October 8, methanol port inventories hit a historical low of 300,000 tons, down 90,000 tons from the previous period. Iran's methanol production remains suppressed at around 13,000 tons per day with a 37% operating rate amid continued Strait of Hormuz

According to Citi, Gulf region economies are expected to contract 3.1% in 2026, reversing the 4.5% growth recorded in 2025 as regional conflict disrupts oil production and weighs on non-oil activity. The bank forecasts oil sector output will shrink 13.7%, while non-oil growth is expected to

According to Jin10, copper prices on three-month LME futures held near 14,628 per ton on Tuesday, as a stronger U.S. dollar offset supply concerns from the world's largest copper producer, Chile. The dollar remained near its 18-month high, supported by safe-haven demand amid Middle East tensions. C

According to Jin10 Futures, as of October 13 at 15:16, CSI 1000 futures contracts recorded the largest capital inflows at 92.12 billion yuan, followed by CSI 500 at 45.56 billion yuan and Shanghai-Shenzhen 300 at 19.99 billion yuan. On the outflow side, crude oil futures led with 9.75 billion yuan

According to Jin10 Futures, Shanghai Futures Exchange pulp futures warehouse inventory rose to 412,294 tons, up 4,670 tons from the previous trading day, on October 13. Most other energy and chemical futures inventory levels remained unchanged, including paperboard, fuel oil, petroleum asphalt,