Commodities (Crude Oil & Copper) & Macro Outlook

According to CCTV Financial, natural rubber futures on Shanghai Futures Exchange hit 20,145 yuan per ton on October 8, up 28% year-to-date and at their highest level in 9 years. As the largest downstream product of natural rubber, tire manufacturers face rising input costs from the price

According to the U.S. Energy Information Administration (EIA), American natural gas inventories reached 850 billion cubic feet for the week ended October 2, surpassing analyst expectations of 790 billion cubic feet and rising from 640 billion cubic feet in the previous week.

According to the U.S. Energy Information Administration (EIA), American natural gas inventory increased by 85 billion cubic feet last week, surpassing analyst expectations of 80.88 billion cubic feet. The week-on-week growth rate reached 2.49%, bringing total inventory to 3.50 trillion cubic feet.

According to the EIA, U.S. natural gas inventories reached 3,500 billion cubic feet for the week ending October 2, up 850 billion cubic feet from the previous week. Year-over-year, inventories declined by 1,300 billion cubic feet, representing a 3.6% drop compared to the same period last year.

According to Yonhap Infomax, on October 8, the U.S. dollar index rose to 102.404, up 0.126% from the previous close, amid expectations of potential U.S. military operations against Iran. West Texas Intermediate crude oil futures for November delivery surged nearly 5% to around $93 per barrel,

The three major US stock indices opened lower at 9:56 AM local time on October 8, with the Dow Jones Industrial Average down 15.82 points (0.03%) to 51,164.05, the S&P 500 down 23.44 points (0.30%) to 7,778.33, and the Nasdaq Composite down 181.17 points (0.66%) to 27,357.53. The declines followed a

According to Foshan Gold Control Futures' October 8 research report, copper concentrate TC prices fell to near 5-year lows on October 8 amid escalating supply shortages. Domestic smelters are reducing profits due to declining TC and falling sulfuric acid prices, with multiple maintenance

According to Iran's semi-official Tasnim news agency, Iran's Foreign Minister Abbas Araghchi said on October 8 that his country is reviewing the U.S. proposal and will provide a response within the coming days. Araghchi added that negotiations remain ongoing with messages being exchanged through

According to Guru Club, on October 8, Shanghai tin futures fell 4.00% to 392,370 yuan per ton, while LME three-month tin futures declined 4.02% to 52,095 U.S. dollars per ton.

U.S. wholesale inventory rose 0.5% month-on-month in August, below the expected 0.7% and the initial 0.7% reading.

From 13:30 to 13:45 on October 8, 2026 (UTC), BTC plunged 0.40% within 15 minutes, with its price retreating from 82492.4 USDT to 81777.0 USDT. Ampl reached 0.87%, and the Order Book showed extreme selling pressure. The buy/sell depth ratio was just 0.19, with a large sell wall at $82,699.5 accounting for 95.6% of the top five levels, indicating clear short-term downside pressure. The core drivers of this move were hawkish signals from the FED FOMC meeting minutes, coupled with escalating geopol

According to Guru Club, China's commodity futures market on Oct 8 saw broad declines overnight, with base metals leading losses. SHFE tin fell 2.75%, while precious metals also dropped, with SHFE silver down 1.54%. Energy products bucked the trend, gaining across the board, with DCE LPG

China's night session futures opened with more declines than gains on October 8. Tin fell over 2%, while soda ash, glass, aluminum, silver, pulp, and lead declined over 1% each. On the upside, methanol surged nearly 7%, ethylene/benzene rose almost 6%, fuel oil and WTI crude climbed over 4%,

According to Federal Reserve minutes released yesterday, officials see another rate hike before the end of 2026, though the document provided no clear timeline for when it might occur. A New York Fed consumer survey showed the 12-month inflation outlook jumped to its highest level since 2023.

According to media reports, Brent crude oil breached $101 per barrel on October 8 amid escalating Middle East tensions, with WTI crude rising over 3% to $91.02 per barrel. The U.S. Defense Department instructed U.S. Central Command to prepare for large-scale military operations against Iran within d

According to Bank of England Governor Andrew Bailey, the evidence of energy cost transmission to broader inflation remains relatively weak, though risks persist. Bailey's comments highlight concerns about potential spillover effects from elevated energy prices to wider price pressures in the

According to Jin10, as of 20:30 Beijing time on October 8, Nymex gold futures rose 0.38%, while Nymex silver futures fell 1.79% and Nymex copper futures declined 0.09%.

According to Jin10, on October 8 at 20:30 Beijing time, WTI crude oil futures rose 4.79%, while U.S. natural gas futures advanced 2.22%.

Chevron CEO Mike Wirth said at the Energy Intelligence Forum in London that physical crude delivered into Asian markets is now closer to $150 per barrel than $100, while Brent futures trade near $105. Wirth's comments highlight a widening disconnect between global futures benchmarks and the real

According to Maersk, the global shipping company is raising its emergency fuel surcharge (EFS) to 20%, effective October 12, 2026.