Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Asian equity markets led a mixed asset performance in the first half of 2026. South Korea's KOSPI index surged 100%, while Taiwan's weighted index gained nearly 60% and Japan's Nikkei 225 rose around 40%, driven primarily by AI-related semiconductor strength and favorable

MOL, Hungary's state-controlled oil and gas company, has received formal approval from the U.S. Department of Treasury to continue negotiations for the acquisition of Naftna Industrija Srbije (NIS), Serbia's national oil company. The authorization is valid until

Alcoa has agreed to acquire South32's bauxite, alumina and aluminum assets for up to $5.6 billion. The transaction includes $3.1 billion in cash, approximately $1 billion in Alcoa stock, along with assumption of $750 million in net debt and lease liabilities. If alumina and aluminum prices exceed ag

According to the U.S. Energy Information Administration (EIA), American crude oil production reached 13.93 million barrels per day in April, marking a historic high. Meanwhile, Brazil's state-owned oil company announced on July 1 a diesel price cut of 0.35 reais per liter for distributors,

According to Jin10 Futures, as of June 25, 2026, China's polyethylene (PE) operating load rose to 75.06% week-on-week, up 0.98 percentage points. Recent restarts of previously idled units at Sichuan Petrochemical and独山子 Petrochemical drove the increase, while only limited new maintenance was

Carl Rinsch misappropriated approximately $11 million from Netflix's "Conquest" budget. After losing funds in the stock market, he shifted to Dogecoin and profited about $23 million, but the gains were not returned to production funds and instead spent on luxury purchases. The court sentenced him to 30 months for wire fraud, money laundering, and illegal financial transactions, with forfeiture of proceeds and 3 years of supervised release. Netflix recovered completed materials and copyright; arbitration requires the return of approximately $8.78 million.

The Shanghai Containerized Freight Index (SCFI) Europe route fell to 2,552.5 points at midday on July 1, down 10.08% since open amid increased volatility.

According to Jin10 data, on July 1, ECB Governing Council member Fabio Panetta de Mälko stated that the European Central Bank should not rush to further rate hikes given the sharp decline in oil prices. He noted that energy costs have fallen rapidly in recent weeks following the June rate

According to Jin10, aluminum prices fell to their lowest level since mid-February in June as the strengthening U.S. dollar pressured industrial metals. Aluminum declined 16% for the month, marking the largest single-month drop since 2008. The dollar index has risen for two consecutive days and

According to the Japan Petroleum Association (PAJ), as of the week ending June 27, Japanese commercial crude oil inventories rose to 10.26 million kiloliters, up 507,645 kiloliters from the previous week. The PAJ also reported that refinery operable capacity utilization (BPSD) increased to 81.0% fro

According to MarketWatch, United Airlines (UAL-US) and Delta Air Lines (DAL-US) closed at record highs on June 30 as U.S. aviation demand remained robust and airline fuel costs declined sharply. Jet fuel prices fell from nearly $5 per gallon in April to approximately $2.90 per gallon following a 60-

According to DraftKings' official announcement, the company launched DKeX, a proprietary prediction-markets exchange, on June 26, shifting its sports event contracts from CME Group and Crypto.com to its own CFTC-licensed platform. The exchange was built on technology and regulatory infrastructure ac

Asian stock markets saw mixed early trading on July 1, with South Korea's KOSPI being the weakest with a 1.8% decline; the previous day, the US Dow Jones Industrial Average closed at a record high of 52,319.20 points. KCM Trade Chief Market Analyst Tim Waterer said: "Although the oil market has already reflected that supply will gradually return to normal, the traffic volume in the Strait of Hormuz has not yet recovered to pre-war levels." Asian Markets Early Closing Data on July 1 Early closing

The Shanghai Containerized Freight Index for the Europe route declined 9.05% during intraday trading on July 1, with prices dipping to 2,581.5 points and trading volume reaching approximately 1.75 billion yuan. Open interest increased by nearly 2,800 contracts during the

According to Citigroup, U.S. liquefied natural gas exports remain exceptionally strong as of July 1, alleviating Middle East supply shortages. The bank expects this momentum to persist in the near term.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) mid-price rose to 159,400 yuan/ton today, up 3,250 yuan/ton from yesterday's 4:30 PM closing price.

According to Citigroup, the bank forecasts TTF natural gas at €36.5/MWh, JKM liquefied natural gas at $13.5/MMBtu, and U.S. Henry Hub natural gas at $3.2/MMBtu for the second half of 2026.

Bitcoin (BTC) weakened further, briefly trading around $58,204 on July 1. Among approximately 3,000 crypto trading platforms in Europe that have not obtained MiCA licenses, about 80% face closure risks. After a court ruling, the Massachusetts Attorney General filed an amended lawsuit against Kalshi regarding sports betting. Macro Events & Crypto Highlights According to CoinDesk, the EU's Markets in Crypto-Assets (MiCA) regulatory framework will officially take effect on July 1 local time, requir