Commodities (Crude Oil & Copper) & Macro Outlook

According to the Zhengzhou Commodity Exchange (ZCE), on August 26, a group of accounts under the same actual control exceeded the trading limits set by the exchange for certain futures contracts. Pursuant to Article 30 of the ZCE Risk Control Management Measures, the exchange has imposed a

According to Jin10, on August 26, Ukrainian armed forces struck Russia's Norsi refinery in the Volga region, igniting a fire near Nizhny Novgorod, according to Ukraine's General Staff. The facility has a daily capacity of approximately 340,000 barrels and ranks among Russia's largest refineries.

According to PANews, CME Group will launch wind energy futures and options in the fourth quarter, the exchange announced on August 26.

CME Group announced that Glencore and Trafigura executed the first trades in its revised U.S. Zinc Futures contract on August 20, with positions set for September delivery. CME did not disclose the price, number of contracts, resulting open interest, or bid-offer spread for the transaction. The trad

According to CME Group, Glencore and Trafigura executed the first trades in the revised U.S. Zinc Futures contract on August 20, with positions set for September delivery. Each contract represents 25 metric tons of Special High Grade zinc. CME did not disclose the price, number of contracts,

According to Zijin Tianfeng Futures, methanol futures hit limit down on August 26 as U.S.-Iran negotiations ease, prompting crude oil prices to decline. The recent developments suggest that commercial shipping through the strait may resume, contributing to the downward pressure on both crude and met

Ray Dalio, founder of Bridgewater Associates, published an essay on LinkedIn advocating for gold and bitcoin as hedges against growing government debt. He stated he expects "non-government-produced monies like gold and bitcoin to do relatively well" as government debt expands. U.S. national debt

Iran's rial hit a record 2.02 million per dollar on Aug. 24, the same week the Trump administration launched Operation Economic Outcast, a sanctions package announced August 19 that added more than 60 entities to the Treasury's blacklist. The rial had traded at 1.53 million per dollar during Q1

According to Yonhapinfomax, the US-Iran ceasefire agreement eased tensions on August 26, sending the dollar-won exchange rate down to 1,384.80 won by 3:30 p.m. Seoul time, a decline of 1.30 won from the previous day's close of 1,386.10 won. The ceasefire news, which included a free passage agreemen

Brent crude oil fell 3.0% during intraday trading on August 26, reaching $84.61 per barrel.

According to Jin10, on August 26, European bond traders have identified natural gas as their primary concern, replacing oil amid supply tensions and inventory declines. Natural gas prices have climbed to near five-month highs, with winter contracts surging over 100% year-over-year. German and

U.S. stock futures retreated early Wednesday as traders brace for Nvidia's earnings report after the bell and major economic data releases. As of 4:00 a.m. ET, Nasdaq futures fell 0.2%, while S&P 500 futures declined 0.1%; Dow and Russell 2000 futures remained flat with a positive bias. Wall

On August 26, 2026, global commodity markets witnessed a textbook unwinding of geopolitical risk premiums. Data from Gate 行情数据 showed WTI原油期货合约 falling below the key psychological threshold of $80 per barrel and settling at $79.8, down 4.12% on the day. 布伦特原油 fell simultaneously to $84.78, with its decline widening to 4.56%. This sharp price volatility was not caused by a sudden drop in demand, but was a direct response to a structural shift in market expectations regarding the reopening of pass

According to SHFE's daily warehouse receipt report released on August 26, inventories across 23 commodity futures contracts showed mixed movements. Hot-rolled coil warehouse inventories declined 2,639 tons to 226,852 tons, marking the largest single-day decrease. Alumina inventories

According to Guru Club, on August 26, WTI crude oil futures fell 2.90% to $79.968 per barrel, while Brent crude oil futures declined 2.60% to $85.00 per barrel.

According to LME data released on August 26, copper inventory decreased by 1,250 tonnes, while zinc inventory increased by 2,275 tonnes. Nickel inventory fell 54 tonnes, tin declined 35 tonnes, and lead dropped 1,600 tonnes. Aluminum inventory remained

According to LSEG data on August 26, market expectations for the Bank of England's cumulative interest rate hikes by year-end 2026 have been adjusted downward to 23 basis points, down 2 basis points from Tuesday's forecast. The decline in oil prices, driven by negotiations between Iran and Oman

According to Guru Club, on August 26, a tanker carrying 4 million barrels of Saudi crude conducted a ship-to-ship transfer in the Strait of Oman, with cargo bound for Asia.

According to sources, Saudi Aramco is providing Asian refiners Arab Medium and Arab Heavy crude oil for September shipment.

According to South Korea's Trade Statistics Service (TRASS) released on August 26, Korean DRAM export prices reached $92,183 per kilogram during August 1-20, surging 401% year-over-year and climbing 12.5 times from January 2023's low of around $7,400/kg. At current levels, DRAM export prices are