Commodities (Crude Oil & Copper) & Macro Outlook

Fuel oil futures main contract surged 12.00% during the intraday session on October 8, trading at 4,905 yuan per ton.

According to Guru Club, China's fuel oil futures surged 10% to 4,815 yuan/ton today (October 8), with asphalt main contracts up 4% to 5,295 yuan/ton and methanol rallying 6% to 3,526 yuan/ton. Low-sulfur fuel oil (LU) gained 6% to 5,786 yuan/ton, while styrene (EB) and paraxylene (PX) each climbed a

Early trading on Oct 8 saw Chinese futures contracts surge and decline, with energy and metals leading moves. Liquefied petroleum gas (LPG) and fuel oil rallied over 7%, while low-sulfur fuel oil gained over 4% and methanol climbed nearly 4%. Among decliners, palladium fell nearly 7%, platinum

According to Jin10 Futures, overnight oil prices consolidated with narrowing ranges on October 8, while domestic fuel oil trading remained subdued following the National Day holiday. Market participants showed limited confidence in near-term trading activity, though downstream refineries and

According to analyst Eamonn Sheridan, U.S. forecasters expect a storm forming in the Gulf of Mexico to become the Atlantic's first hurricane of 2026 within the next two days and potentially strike oil and gas facilities. Offshore production zones in the storm's path account for approximately 15% of

According to a Citic Securities report on October 8, China's transportation and logistics sector shows differentiated earnings performance in Q3 2026, with shipping cycle reshaping driving profit elasticity across oil tankers and container shipping. Oil tanker spot prices are expected to surge

According to Guru Club, Brent crude oil broke through $101 per barrel on October 8, with intraday gains of 0.86%.

According to Jin10 Futures, CBOT soybean oil futures declined on Wednesday, with the benchmark contract closing 3.2% lower due to unwinding of long oil-short meal crush spread positions and weakness in international crude oil futures. Traders noted the combination of spread liquidation and falling c

According to Yonhap Infomax, USD/KRW 1-month NDF fell to 1,338.80 won overnight on October 7-8, down 0.75 won from Seoul's previous spot close of 1,340.40. The decline came as the U.S. Dollar Index climbed to 102.5, driven partly by renewed fiscal concerns in France, UK, and Italy that pushed EUR/US

According to preliminary estimates from Fortescue Ltd., iron ore shipments in FY2026 Q1 declined 6% quarter-on-quarter to 48.8 million tonnes. The company reported iron ore sales of 42.9 million tonnes, below the shipment

Fortescue Ltd. (FMG.AU) reported preliminary iron ore shipments of 47.8 million tonnes for the first quarter of fiscal year 2026, down 6% quarter-on-quarter. Sales volume reached 42.9 million tonnes, below the shipment volume.

According to Market Signal, U.S. long-term Treasury yields surged overnight, with the 30-year yield reaching 5.73%, the highest level since 2002, and the 10-year yield climbing to 5.36%. The rise triggered broad-based selling in U.S. equities, with all three major indices closing lower. Growth

The US dollar strengthened against major currencies on October 7, with the dollar index (DXY) rising 0.418% to 102.275 by 4pm Eastern Time, driven primarily by euro weakness amid bond market turmoil in France and the United Kingdom. European government bonds faced selling pressure as investors

According to U.S. Central Command, on October 8, the command refuted an Iranian Revolutionary Guards general's claim that the Strait of Hormuz had been closed and was under complete Iranian control. The Pentagon stated that commercial cargo and energy supplies continue to transit the strait

WTI crude oil futures opened 0.8% higher during the Asia-Pacific morning session on October 7, supported by reports of Iran-related attacks and an active Atlantic storm system threatening U.S. Gulf production

According to Jin10 Data on October 8, tanker captains operating in the Strait of Hormuz amid Iranian threats employ covert navigation measures to mitigate risks. Vessels disable automatic identification systems (AIS) transponders, operate without lights or mobile phones, and use only radar for navig

Democrats are accounting for a larger share of mail-ballot requests in several U.S. states as early voting expands ahead of midterm elections, according to reports published October 7. More than 1 million people had already cast ballots across 30 states as of October 6, the Associated Press and

International oil prices declined on October 7 as the International Energy Agency (IEA) announced member governments would accelerate the release of strategic petroleum reserves initially announced in March 2026, with readiness for additional releases if needed. The November delivery West Texas Inte

According to the International Energy Agency, crude oil prices declined on Oct 7 (U.S. Eastern time) as the IEA accelerated the pace of strategic petroleum reserve releases and signaled readiness for additional releases if needed. WTI crude for November delivery closed at $88.28 per barrel,

Kalshi submitted a proposal to the US Commodity Futures Trading Commission on October 7 for perpetual futures contracts based on West Texas Intermediate crude oil prices. The CFTC must decide within 45 days whether to approve the product. If approved, the contract would be the first crude-linked per