Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Petroleum & Natural Gas Exchange, a pilot LNG ship cargo cross-border trade product launched jointly by China Sea Oil Gas and Power Group and the exchange completed its first transaction on June 26. The trade involved multiple city gas companies, domestic mid-tier and junior na

Malaysia's Economy Minister assured that fuel supplies are sufficient to sustain the country through the end of August.

According to Setn News on June 29, Japanese automakers are intensifying efforts to reduce dependence on rare-earth materials in electric vehicles. Astemo, a major Japanese parts supplier, recently unveiled a breakthrough rare-earth-free motor that uses iron instead of the rare-earth element

According to the Bank for International Settlements (BIS) report released on June 28, the closure of the Strait of Hormuz has triggered an energy and commodity supply crisis, posing an ongoing threat to global economic prospects. Despite recent easing of geopolitical tensions and a sharp decline in

According to Jin10, a 19-year-old LNG tanker, Arctic Express, docked at a U.S.-sanctioned Russian gas facility today (June 29), loading blacklisted natural gas for the first time. The vessel, which entered service in 2007 and switched to Russian registry in May, was moored at the Sakhalin storage fa

According to Guru Club, lean hog futures main contract rose 3% on June 29.

According to Shanghai United Steel, battery-grade lithium carbonate (MMLC) spot prices fell to 150,850 yuan per ton in early trading today (June 29), declining 200 yuan from the previous day's 16:30 closing

According to Axios, the U.S. and Iran agreed late Sunday to halt military strikes and plan to meet Tuesday in Qatar to renegotiate ceasefire terms following weekend escalations. A senior U.S. official told Axios that both countries decided to "stop all kinetic activity" and will stand down "for

As of 09:30 Beijing time on June 29, WTI crude oil futures rose 1.30%, while U.S. natural gas futures gained 0.88%.

Bitcoin (BTC) continues to be weak without a rebound, temporarily reported at around $59,400 on June 29. U.S. House Speaker Mike Johnson said that the housing bill containing a ban on central bank digital currencies (CBDC) will be sent to President Trump for signing on Monday. The European Banking Authority releases a penalty framework for non-compliant crypto issuers, as full MiCA enforcement approaches. Macro Events & Crypto Hot Topics According to Cointelegraph, U.S. House Speaker Mike Johnso

Steenkampskraal Monazite Mine (SMM) and South Africa's National Mineral Research Institute Mintek announced on June 27 that they successfully produced high-purity mixed rare earth products in laboratory trials, making South Africa the first African nation to achieve this technical milestone. The

According to Central News Agency, South Africa successfully produced high-purity mixed rare earth products on June 29, becoming the first African nation to achieve this technological milestone. Steenkampskraal Monazite Mine (SMM) and South Africa's National Mineral Research Institute Mintek

Households in the Philippines have driven a surge in rooftop solar installations following electricity price increases, making the country the world's largest solar panel importer since the Middle East conflict began in late February. Top power distributor Meralco raised prices by 10% during this

According to Gate data, WTI crude oil fell over 1.00% intraday on June 29, trading at $69.37 per barrel.

According to the Australian Competition and Consumer Commission (ACCC), the fuel excise rebate will be reduced to 16 cents per liter from July 1 to August 2, down from the current 32 cents per liter.

According to a Bloomberg interview on June 29, Federal Reserve Richmond President Thomas Barkin stated that May PCE rose 4.1% year-over-year, marking the largest increase since April 2023. While oil prices have eased following the U.S.-Iran ceasefire, Barkin warned that inflation has broadened

According to Jin10, U.S. crude oil fell 2.34% to $70.24 per barrel overnight (June 28), down 8.23% for the week, while Brent crude dropped 2.52% to $73.6 per barrel, declining 8.06% weekly. Progress in U.S.-Iran ceasefire negotiations has restored normal shipping through the Strait of Hormuz,

According to Jin10 Futures and foreign media reports, Malaysian crude palm oil futures are expected to open higher on Monday (June 29) following escalation of Middle East tensions over the weekend. A Panamanian-flagged tanker was struck by Iranian drones in the Strait of Hormuz, prompting a U.S.

According to China National Petroleum Corp., the Lunnan Kuqin oilfield, the world's lowest-altitude super-deep extra-heavy crude oil field located beneath Turpan's Flame Mountain in Xinjiang, reached a cumulative production milestone of 10 million tons on