Commodities (Crude Oil & Copper) & Macro Outlook

According to CCTV Finance, on July 3 at 24:00, China's domestic refined oil prices will be reduced. The National Development and Reform Commission announced that 92-octane gasoline will decline by 0.75 yuan per liter, 95-octane gasoline by 0.79 yuan per liter, and diesel by 0.78 yuan per liter.

According to a latest research report from China Information Securities, global energy storage installations are projected to grow from 508GWh in 2026 to 842GWh by 2030, with a compound annual growth rate of 13%. The corresponding market value is forecast to increase from 533.9 billion yuan to 839.5

According to China's National Development and Reform Commission, domestic petrol and diesel (standard product) prices will each decline by 950 yuan and 915 yuan per ton, respectively, effective from 24:00 on July 3, based on recent international crude oil market

The U.S. government released Donald Trump's 2025 annual financial disclosure, showing that his total income in his first year back in the White House reached at least $2.24 billion, covering stock holdings and cryptocurrency gains. Facing questions about conflicts of interest, Trump strongly rebutted in an exclusive interview with CNBC, emphasizing that his finances are managed by external institutions through blind trusts, stating, "I have never spoken to the managers." Trump's 2025 Financial D

According to market sources and traders, Russia exported a record 3 million barrels per day (bpd) of crude through western ports in June, while Saudi Aramco's exports reached 6.3 million bpd over six days ending Wednesday, approaching prewar levels. Kuwait's crude production averaged 1.65 million bp

According to Guru Club, Shanghai Containerized Freight Index Europe route futures main contract expanded intraday gains to 5% on July 3.

According to its IPO filing, Wubo Technology (Wubo) submitted its main board listing application to Hong Kong Stock Exchange on June 30, backed by China International Capital Corporation as sole sponsor. The filing marks a spin-off of Yanmei Energy, with Shandong Energy Group controlling

According to Citigroup, on July 3, Brent crude oil prices could fall to $60 per barrel by year-end as disruptions in the Strait of Hormuz gradually ease, the bank's report stated. Analyst Francesco Martoccia noted that "fundamentals are rapidly recovering as shipping flows normalize and spot crude m

According to CME data, natural gas on July 2 saw both trading volume and open interest increase, with volume rising 81,054 contracts and open interest climbing 15,118 contracts. Gold and silver also posted gains in open interest despite lower trading volumes. In contrast, copper, WTI crude oil, and

According to iFeng Finance, Hong Kong's Hang Seng Index rose 1.57% in early trading on July 3, gaining 361 points to 23,416, while the Hang Seng Tech Index climbed 2.02%. Morning turnover reached 166.1 billion Hong Kong dollars. Copper stocks emerged as top performers amid cooling interest rate

Hollywood director Carl Rinsch was sentenced to 30 months in federal prison on June 29, 2026, after misappropriating $11 million in Netflix production funding intended for his series 'Conquest'. Rinsch diverted the capital into Dogecoin trading, stock market options, and luxury goods purchases,

According to Tass, on July 2, Russian First Deputy Prime Minister Andrey Novak directed relevant departments and companies to stabilize fuel supply in regions facing the most severe shortages. Novak stated that Russia holds sufficient fuel reserves to meet domestic demand, but panic buying has

According to Treasury Secretary Besent in an interview with CBS News, gasoline prices are falling slower than expected. Besent targets an average gasoline price of $3 per gallon by Labor Day and expects oil and energy prices to continue

According to Jin10, WTI crude oil and Brent crude oil both rose 1% intraday on July 3. WTI crude was trading at $69.11 per barrel, while Brent crude was at $72.43 per barrel.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) midday prices rose to 164,700 yuan/ton today (July 3), up 2,250 yuan/ton from July 2 at 4:30 PM.

According to Jin10 data, U.S. equity markets closed on July 3 in observance of Independence Day. Commodity Futures Trading Commission (CME) contracts covering precious metals, energy, forex, U.S. Treasuries, and stock index futures ended trading early on July 4 at 01:00 Beijing time.

According to CCTV, on July 3, the China Securities Regulatory Commission approved foreign traders to participate in lithium carbonate futures and options trading on the Guangzhou Futures Exchange, effective from 9 a.m. this morning. Lithium carbonate is widely used in power and energy storage

As of 09:30 Beijing time, WTI crude oil futures fell 0.22% and U.S. natural gas futures rose 0.50%.

The Philippines will mark the 10th anniversary of a 2016 arbitral ruling on July 12, which invalidated China's nine-dash line territorial claims in the South China Sea under the United Nations Convention on the Law of the Sea (UNCLOS). The tribunal ruled that China's claims violated UNCLOS

According to discussions held on June 29 in connection with the 10th anniversary of the 2016 arbitral award, China is conducting deep-sea mining operations in the South China Sea, particularly in areas including Bajo de Masinloc and Ayungin Shoal, to extract rare earth elements (REEs). These heavy m