Commodities (Crude Oil & Copper) & Macro Outlook

According to Daodi Futures research on Aug 24, LPG basis spreads have compressed further as futures prices rally while spot prices remain stagnant. The contract (LPG2610) has moved into backwardation versus East China domestic pipeline prices, pressuring further upside in futures. LPG is unlikely to

According to Morgan Stanley, the investment bank raised its Brent crude oil price forecast, projecting prices will peak at $100 per barrel during the fourth quarter of 2026.

The Shanghai Futures Exchange released the revised Business Rules for Stainless Steel Futures, effective September 24, 2026. The updated rules were approved by the exchange's Board of Directors and have been reported to China Securities Regulatory

According to Treasury Secretary Scott Bessent, U.S. stock futures fell early Monday as he prepared to announce what he called the "toughest sanctions in history" against Iran. As of 4:00 a.m. ET, Nasdaq futures were down 0.8%, S&P 500 futures fell 0.3%, while Dow and Russell 2000 futures

According to MoneyToday, Binance is currently offering up to 100x leverage on XAUUSDT (gold) perpetual futures contracts, with positions facing complete liquidation on just 1% adverse price movements. For positions under 50,000 USDT, the maximum leverage reaches 100x; larger positions (50,000-400,00

According to reports, finance ministers from Germany, Spain, Portugal, Italy, Poland, and Austria sent a joint letter to Ireland, which holds the EU presidency, calling for a discussion on a windfall tax mechanism targeting oil companies that profited from the Strait of Hormuz blockade and energy

According to an Iraqi Oil Ministry spokesman, per Reuters, the country's oil production currently exceeds 3 million barrels per day, with southern port exports reaching 2.2 million barrels daily.

According to the Guangzhou Futures Exchange, the exchange recently disciplined 19 traders across 9 violation cases following compliance reviews. The exchange urged market participants to strengthen risk awareness and strictly adhere to regulations and exchange

According to LME data, copper registered warrant stocks increased by 51,400 tonnes, marking the largest monthly increase since May.

According to Guru Club, London Metal Exchange three-month copper futures rose 0.2% to $14,207.50 per ton on August 24 during Europe's early trading, as weakening U.S. dollar sentiment boosted investor demand. Copper prices held above $14,200 per ton. The contract gained over 4% this month amid

According to the Ministry of Foreign Affairs on August 24, U.S. Treasury Secretary threatened secondary sanctions against countries trading with Iran. As a major buyer of Iranian oil, China would be directly affected. Foreign Ministry spokesperson Lin Jian stated that sanctions and coercion are coun

According to Jin10 futures, on August 24, Dalian Commodity Exchange (DCE) warehouse receipts across key chemical futures showed mixed movements: polyethylene fell 7 contracts to 4,336; polyvinyl chloride dropped 114 to 120,897; polypropylene rose 1,104 to 28,800; styrene increased 400 to 400; ethyle

According to Guru Club, Indonesia's candidate for the commodity trading regulator said today, August 24, that he will establish trustworthy infrastructure, price mechanisms, and liquidity markets for the country's incoming commodity

According to the UK Maritime Trade Operations, a tanker was struck by an unidentified projectile approximately 63 nautical miles west of Yanbu, Saudi Arabia. The impact caused the vessel's main deck to catch

Iran's foreign ministry spokesman on August 24 dismissed reports regarding millions of barrels of oil passing through the Strait of Hormuz as psychological warfare by adversaries, stating the claims do not reflect

According to Jin10, as of 15:18 on August 24, China's futures main contracts saw significant capital flows. On the inflow side, Shanghai copper 2610 attracted 1.846 billion yuan, CSI 300 2609 received 973 million yuan, and Shanghai gold 2610 gained 769 million yuan. On the outflow side, 10-year

According to Jin10 Futures, on August 24, the Shanghai Futures Exchange reported all energy and chemical product warehousing unit balances remained flat compared to the previous trading day. Pulp inventory stood at 374,481 tons in warehouses and 20,000 tons at mills; crude oil holdings

According to Jin10, Shanghai Futures Exchange (SHFE) precious metals and base metals warehouse receipt data on August 24 showed notable changes. Aluminum warehouse receipts fell significantly to 264,437

The USD-JPY exchange rate traded at 158.889 yen at 1:46 PM on August 24, down 0.03% from the previous trading day, as Japanese export companies' dollar selling pressure weighed on the pair. The decline was driven by strong dollar selling demand from Japanese exporters and falling oil prices in

U.S. crude oil futures fell over 2% intraday on August 24, trading at $85.23 per barrel and hovering near the lowest level in four trading sessions.