Commodities (Crude Oil & Copper) & Macro Outlook

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

The Shanghai Containerized Freight Index Europe Line main contract fell 200 points intraday today, now trading at 2638.5, down 7.05% for the session.

According to Jin10 Futures, on July 1, container shipping futures for the Europe route fell 6% to 2,666 points, with the main contract rolling from EC2607 to EC2608. Maersk's latest quotes for week 29 stood at $3,300 per TEU (twenty-foot equivalent

According to China Jinlian, as of July 1, domestic gasoline and diesel prices should fall 820 yuan/ton with a change rate of -15%, based on benchmark crude averaging $74.19/barrel. The adjustment window closes on July 3 at 24:00 (midnight). Market conditions across China show weakness. Shandong ind

Mark Zandi, chief economist at Moody's Analytics, said on July 1 that the U.S.-Israel conflict with Iran has cost the average American household approximately $1,000. The losses include increased fuel costs from rising oil prices, higher spending on goods and travel due to inflation, and the househo

South32 shares rose 10% following the company's sale of its aluminum business to Alcoa for $5.6 billion. The transaction marks a significant divestment as South32 continues to streamline its portfolio.