Commodities (Crude Oil & Copper) & Macro Outlook

According to ING analyst Bert Colijn on June 23, Eurozone June PMI survey data indicates overall business activity remains in contraction, but easing energy prices are bringing relief to price pressures. Input costs in both manufacturing and services have slowed their growth rates, while companies i

Russia's Nornickel expects palladium production in Russia to recover and reach approximately 2.7 million ounces in 2027, according to the company's latest guidance.

According to Guru Club, on June 23, the U.S. Treasury granted a 60-day full waiver on Iran crude oil and petrochemical sanctions. Iranian exporters and state oil company representatives immediately began approaching refiners in India, Japan, and South Korea to offload stranded inventory during the p

Intercontinental Exchange launched ICE GreenTrace, a registry technology platform designed to manage the lifecycle of carbon credits, emissions allowances, and energy attribute certificates. The launch marks ICE's expansion beyond trading and clearing infrastructure into the registry layer of

According to the Kremlin's statement on June 23, macroeconomic stability is absolutely guaranteed despite recent questions about ruble depreciation and falling oil prices.

According to market reports, Iran stated on June 23 that the Strait of Hormuz is completely open to commercial vessels.

According to Bloomberg, seven tankers were present in the Strait of Hormuz on Tuesday morning (June 23), including two fully laden non-Iranian supertankers departing the Persian Gulf and three product tankers exiting the strait. Two Iranian-flagged Suezmax tankers were also transiting from the

According to Bitget data and Coinglass, Bitget's BZ (Brent crude) contract holdings currently account for $12.54 million of the $73.47 million global open interest, representing a 17.07% market share and ranking second globally. Brent crude is trading around $78 per barrel with a 0.3% gain in 24

According to Jin10 Futures, East China benzene closed at 7,185 yuan/ton on June 22, down 485 yuan/ton from June 1. Crude oil futures have fallen to their lowest levels since March, weighing on market sentiment, while downstream industries facing sustained losses have reduced purchasing activity,

The Shanghai International Energy Exchange announced it has approved the name change of China National Petroleum Fuel Oil Limited Liability Company to China National Petroleum Refining Special Products Limited Company. The new entity will assume all contractual obligations, rights, and

According to Jin10 Futures, on June 23, Shanghai Futures Exchange energy and chemical warehouse receipts posted mixed changes. Pulp futures warehouse receipts rose to 243,867 tons, up 2,400 tons from the prior trading day. Petroleum asphalt futures warehouse receipts declined to 18,120 tons,

According to on-chain analytics platform Lookonchain, a whale address 0x2558 closed its entire 500,000 crude oil futures (xyz:CL) long position valued at approximately $36.85 million, incurring a loss of about $2.9 million in just 33

The U.S. Treasury Department issued a temporary general license on June 23 authorizing Iran to sell crude oil. The 60-day license marks a shift in the sanctions policy, allowing Iranian petroleum exports to resume amid ongoing negotiations over nuclear

SC crude oil futures main contract fell 4.00% intraday on June 23, trading at 490.00 yuan per barrel.

Intraday trading on June 23, WTI crude oil and Brent crude oil both declined over 1%, currently trading at $73.94 per barrel and $76.91 per barrel respectively.

Shanghai silver futures main contracts slumped 6.00% intraday today, trading at 15,006 yuan per kilogram, while tin futures declined 4.00% to 400,370 yuan per ton.

According to CME data, on June 22, gold saw trading volume of 198,220 contracts and open interest of 350,666 contracts, up 41,602 and 7,414 contracts respectively from the previous session. Copper volume increased 12,346 contracts to 89,956, with open interest at 272,910. Brent crude oil posted volu

According to Jin10, as of June 22, China East pure benzene closed at 7,185 yuan/ton, down 485 yuan/ton from June 1 (6.3% decline). The drop was driven by weakness in crude oil futures, which fell to March lows following Iran-U.S. negotiations. Lower crude prices combined with reduced downstream

According to Jin10 Futures, crude oil retreated from intraday highs yesterday (June 23) after U.S.-Iran peace talks made progress and the Strait reopened. Oil prices had initially surged following earlier reports of Strait restrictions, but fell back from peak levels after the diplomatic

According to industry sources cited by Reuters, India's liquefied petroleum gas (LPG) imports from the U.S. in June surged to over 1 million tons, marking a record high. The spike follows disruptions in Middle East supply caused by the Hormuz Strait closure. Indian refiners have accelerated