Commodities (Crude Oil & Copper) & Macro Outlook

SC crude oil main contract rose 2% during intraday trading on August 27, with the latest price at 575.80 yuan per barrel.

China's futures markets opened with mixed trading this morning, with soda ash (pure alkali) and ethylene glycol (EG) declining over 2%. Tin, platinum, polyester staple fiber, palladium, paraxylene, and methanol fell over 1%, while caustic soda, PTA, and polyvinyl chloride (PVC) dropped nearly 1%.

The UK Maritime Trade Operations reported that a tanker was struck by an unidentified object in the Strait of Hormuz, causing a fire aboard the vessel. The fire has been brought under control, all crew members have been accounted for and confirmed safe, and no environmental impact has been

Bitcoin traded around $78,786 on August 27. In the week ending August 21, gold- and Bitcoin-related funds attracted more than $7 billion in combined five-day inflows—the highest total ever recorded for any five-day period, according to Bloomberg senior ETF analyst Eric Balchunas, who described the phenomenon as the “debasement trade,” or a bet on assets that governments cannot dilute by printing money. Five-Day Combined Inflows of Bitcoin and Gold ETFs Hit a Record $7 Billion According to Balchu

According to Jin10 Futures and Jinlian Energy, as of August 27 (the ninth working day of the pricing cycle), China's reference crude oil price averaged $88.13 per barrel, with a change rate of 6.65%. Domestic gasoline and diesel retail prices are expected to rise by 360 yuan per ton. The next price

According to Jin10, Saskatchewan's provincial leader Scott Moe announced on August 26 that the province will impose a 50% retaliatory tariff on imported American alcohol products starting September 8, in response to escalating trade tensions between Canada and the U.S. Moe noted that U.S. alcohol

According to Jin10 Futures, China's fuel oil market sentiment weakened on Aug 27, with soft fundamentals failing to provide support and downstream demand cooling. Refinery shipment pace slowed as traders turned cautious. Prices are expected to trade steady to slightly lower today, with overall

According to Jin10, crude oil prices edged higher in early Asian trading today (August 27) following remarks from Trump regarding Iran's potential return to negotiations. Trump indicated there is no set timeline for Iran to rejoin talks, a comment that supported sentiment in energy markets. Prices f

According to Yonhap Infomax, South Korea's main stock indices closed with mixed results today (August 27). The KOSPI rose 65.47 points to 6,808.21, while the KOSDAQ fell 0.28 points to 826.87. The Korean won strengthened to 1,386.30 against the U.S. dollar. Overnight, U.S. markets declined: the

According to external reports, Malaysia Derivatives Exchange crude palm oil futures are expected to decline Thursday morning, pressured by a further drop in Brent crude oil futures during Wednesday's electronic trading session and weakening export demand. Iran and Oman are engaged in negotiations

According to Jin10, overnight on August 26-27, COMEX gold futures fell 0.99% to $4,647.80 per ounce, while WTI crude oil declined 0.55% to $81.91 per barrel. COMEX silver also retreated 0.87% to $68.08 per ounce. Easing geopolitical tensions and concerns over Iran-Oman negotiations on the Hormuz

According to Jin10, on August 26-27, approximately 70 vessels were queued near the Sulin Canal awaiting entry to Ukrainian ports to load grain exports. Russian military operations have effectively blockaded Ukraine's Black Sea ports, forcing cargo ships to divert to the Danube River ports, which

According to market pricing data reported by Jin10, U.S. Federal Reserve rate hike odds for September rose to 42% on August 26, following data showing July inflation reached 3.7% year-over-year, higher than economist expectations. Prior to the release, market expectations for a September rate hike s

According to Asia Economy, Bitcoin surged past $81,000 on August 25-26, reaching $81,235 intraday—its first breach above $80,000 since mid-May—driven by short-position liquidation and institutional inflows. Gold, silver, and copper rallied simultaneously as concerns over U.S. fiscal deficits and

The US Treasury's expansion of its long-term bond buyback program is expected to sustain dollar weakness through October, according to iM Securities researcher Lee Sang-heon on May 27. The Treasury will increase buyback limits for 10-30 year maturities from $2 billion to a minimum of $4 billion

On Thursday, August 27, major economic releases and central bank communications are scheduled. The European Central Bank will publish monetary policy meeting minutes at 19:30 UTC, while key U.S. data includes initial jobless claims for the week ending August 22 and weekly EIA natural gas inventory a

According to the Financial Times on August 25, U.S. Midwest corn farmers are facing the worst agricultural crisis in 40 years as surging diesel and fertilizer prices driven by government trade policies and military operations squeeze production costs. Farmers in the region said the price

Trump stated yesterday that 10 million barrels of oil flowed through the Strait of Hormuz. The U.S. said it has no plans to launch new military strikes against Iran, while multiple countries are engaging in diplomatic channels to ease regional tensions amid escalating Middle East geopolitical

US long-term Treasury yields eased as international oil prices declined and the US Treasury Department announced expanded bond buyback operations on the 19th. West Texas Intermediate (WTI) crude oil fell to the early $80s per barrel as the likelihood of full-scale conflict between the US and Iran di

According to KB Securities report on August 27, U.S. long-term Treasury yields declined as crude oil prices fell to near $80 per barrel following eased Middle East tensions. The U.S. Treasury expanded buyback programs for 10–30 year bonds from $2 billion to $4 billion, signaling commitment to