Commodities (Crude Oil & Copper) & Macro Outlook

Oxford Economics (OE) identified the sustainability of the US-Iran peace agreement as the pivotal factor for the global economy in the second half, according to a report released on 6일 (local time). The institution stated that whether the peace agreement continues will determine if other risk factor

According to Oxford Economics, released on July 6, the continuity of a U.S.-Iran peace agreement will determine whether key global economic risks amplify or ease in the second half of 2026. The firm identified three major headwinds: Middle East tensions, artificial intelligence supply chain

Japanese government bonds experienced severe selling pressure on July 6, with the 10-year yield surging to 2.830% intraday — the highest level since October 1996. The spike followed Prime Minister Takaichi Sanae's announcement of an annual 10 trillion yen

According to Guru Club, China commodity futures surged in early trading on July 7. Stainless steel jumped over 2%, while liquefied gas and soybean meal rallied over 1%. Nickel and tin also posted modest gains. Shipping costs on the Europe route fell over 3%, leading declines. Glass and palladium

BMO diagnosed that financial markets have exited the so-called 'Goldilocks' phase based on low inflation and solid growth, entering a new investment environment driven by high interest rates, persistent inflation pressures, and tight liquidity conditions. Mark McCormick, BMO's head of foreign

The Containerized Freight Index (CFI) Europe route main contract fell over 4% during intraday trading today, July 7, closing at 2,469.5 points.

According to BMO FX strategy head Mark McCormick, on June 6, the financial market has exited the "Goldilocks" phase of low inflation and stable growth, entering a new investment environment dominated by high interest rates, persistent inflation pressure, and tighter liquidity. McCormick stated in a

According to Jin10 Futures, crude oil prices maintained volatility in early trading on July 7, with U.S. crude trading above the $69 mark.

According to Jin10 Futures, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Tuesday (July 7), following strength in Chicago soybean oil markets. High temperatures and dry conditions in the U.S. Midwest could stress soybean crops,

The USD-KRW 1-month NDF rose in overnight trading, with overseas brokers reporting a final mid-rate of 1,527.60 won last night. Accounting for the recent 1-month swap point of -1.30 won, the NDF rate reflects a 3.30 won increase compared to the Seoul FX market spot close of 1,525.60 won on the

According to investment firm Summit Place Financial Advisors, investors are expected to focus on high oil prices' impact on enterprise costs, profit margins, and product prices as the U.S. Q2 earnings season gets underway. The firm noted that while overall second-quarter business performance is

According to Lyon Securities, global annual gas turbine demand is projected to reach approximately 120 GW between 2025 and 2030, up 20% from 2025's baseline of 100 GW.

According to Guotai Haofeng, Kaiyuan Securities, and other institutions, China's coal prices are expected to bottom out around mid-July as summer peak demand combines with stricter mining safety regulations that constrain supply. This week, Qinhuangdao thermal coal (Q5500) fell to 816 yuan/ton,

According to market sources, Saudi Aramco reduced its official selling price (OSP) for Arab Light crude oil exported to Asia in August by $11 per barrel, marking the largest reduction in at least 26 years. Goldman Sachs has raised its outlook for the international aviation industry, upgrading its

According to China Pig Industry data, hog prices hit 11.06 yuan per kilogram on July 6, climbing 1.59 yuan from 9.47 yuan on June 26—a 16.8% gain over 10 trading days and the highest level since March 2026. The rebound marks a significant shift after prices had remained below 10 yuan per kilogram

According to the UK Maritime Trade Operations Office, a tanker reported being struck on its port side by an unidentified object off Oman recently, resulting in a fire. The vessel was heading south at the time. No injuries or environmental pollution have been reported so

On July 6, the Nasdaq climbed over 1 percent to reverse two consecutive losses, while the Dow Jones Industrial Average reached another record high. The Philadelphia Semiconductor Index rose more than 2 percent, with AMD gaining 6.6 percent. Bitcoin staged a sharp V-shaped recovery, rebounding over 4

WTI crude for August delivery closed at $68.55 per barrel on July 6 (US Eastern Time), down $0.14 (0.20%), while Brent crude settled at $71.99, down $0.13 (0.18%). The decline followed OPEC+ announcing on July 5 an August production increase of 188,000 barrels per day, while oil supply via the

According to Guru Club, arabica coffee prices surged 18% on July 7, marking the largest single-day intraday gain since July 2000.