Commodities (Crude Oil & Copper) & Macro Outlook

Former U.S. President Trump recently announced that the United States will allow imports of up to 300,000 metric tons of beef, with a commitment that the beef will be sold at 25% below market price.

The Shanghai International Energy Exchange issued a notice on market risk control work in response to recent geopolitical complexities and volatile energy and chemical futures prices. The exchange called on market participants to strengthen compliance management of trading behavior, enhance

On August 21, the Shanghai Futures Exchange (SHFE) released a notice urging market participants to strengthen compliance management and enhance investor risk awareness as energy and chemical commodities experience significant volatility amid complex international conditions. The exchange called

According to Semafor, Nigeria plans to provide exploration cost subsidies to mining companies. The measure aims to support the nation's mining sector development, though specific implementation details and subsidy amounts were not

South Korea's Ministry of Trade, Industry and Energy announced on the 21st that the 9th petroleum maximum price will remain frozen at current levels for a 4-week period starting midnight of the 22nd. The freeze maintains gasoline at 1,784 won per liter, diesel at 1,773 won per liter, and kerosene at

Brent crude oil expanded its intraday gain to 1.00% today, trading at $92.63 per barrel.

WTI crude futures rose over 1% intraday on August 21, trading at $87.08 per barrel.

According to Guru Club, U.S. diesel crack spreads (refining profit margins) surged to over $100 per barrel on August 21, reaching historic highs. Over the past two months, global refined product profit margins climbed approximately $30 per barrel year-over-year, while global refinery utilization

According to Jin10 Futures on August 21, Mongolia's fuel supply command center reported that Ulaanbaatar's fuel supply has stabilized with reduced vehicle queue congestion, while border imports and rail capacity continue to increase. The government has issued targeted fuel supply tasks to

On August 21, 2026, from 09:30 to 09:45 (UTC), BTC rose rapidly by 0.62% over 15 minutes, trading within a range of 77,619.1–78,350.0 USDT and recording an amplitude of 0.94%. Over the preceding 24 hours, BTC rebounded from a low of $71,122.8 to a high of $79,520, gaining 8.14% and showing clear signs of an oversold rebound. Market volatility intensified, and attention increased significantly. The primary driver of this move was the escalation of the US–Iran geopolitical conflict. More than 750

According to Goldman Sachs former commodities chief Jeffrey Currie, the U.S. Treasury recently doubled long-bond buyback programs, artificially suppressing yields and breaking the market's natural rate brake. After 30-year Treasury yields hit 5.32% (a 17-year high), Treasury Secretary Bessent

According to Jin10 futures calendar, major events and data releases are scheduled for next week. On August 27, the Jackson Hole Global Central Bank Conference opens, which typically influences commodity markets. Key economic indicators include U.S. core PCE and GDP revisions on August 26, China's in

According to Kpler data cited by Reuters, Brent crude traded at $93.55 per barrel on Aug. 21, down 0.3% on the session, while U.S. WTI crude declined 0.4% to $86.50. Both benchmarks remain on course for weekly gains of more than 7% and 8% respectively, driven by Middle East supply

Chinese A-share indices closed higher on the 21st, with the Shanghai Composite Index rising 0.04% to 3905.2 points, holding above the 3900-point threshold for a second consecutive trading day. The rally was driven by statements from China's Ministry of Finance indicating preparations for

From 08:45 to 09:00 on August 21, 2026 (UTC), BTC surged 2.09% within 15 minutes, climbing from 77,580.7 USDT to 79,520.0 USDT, with a 2.50% price range. The price quickly broke through the 79,000 USDT level, market sentiment heated up sharply, and the short-term trend showed a strong rebound. The main driver of this move was the U.S. Treasury’s launch of a Treasury buyback program, which sent a signal of stability in the bond market. Combined with a weaker DXY and declining expectations for lon

From 08:00 to 09:00 (UTC) on August 21, 2026, BTC rose 0.77% over a short period, trading within a range of 76,257.3–77,194.6 USDT, for an amplitude of 1.23%. Over the past 24 hours, BTC rebounded from a low of $69,513 to $75,863, gaining 8.47%. The current price is in short-term overbought territory, and market volatility has intensified. The primary driver of this unusual move is the escalation of the US–Iran war, which has entered its sixth month. Iran has shifted from defense to active offen

According to the Shanghai Futures Exchange (via Jin10), effective August 29, 2026, the exchange adjusted hedging position conversion standards for silver and copper futures. Silver futures will resume automatic conversion of general-month hedging positions to nearby-month hedging positions for

According to Guru Club, London Metal Exchange three-month zinc futures climbed to $3,804 per ton today, marking the highest level in four years.

Iraq's Prime Minister announced plans to boost oil production to 8-10 million barrels per day over the next six years. The government has also dispatched a ministerial committee to Saudi Arabia to discuss expanding Iraq's OPEC production

On August 21, 2026, from 08:00 to 08:15 UTC, BTC surged rapidly over the 15-minute period, posting a return of +0.77%, a price range of 76,257.3–77,194.6 USDT, and an amplitude of 1.23%. The price began rising from around $76,000, briefly touched a high of $77,194.6 during the period, and generally followed a choppy upward trend. Market attention increased significantly, and volatility intensified. The primary driver of this anomaly was a sharp escalation in geopolitical risk. The US-Iran war en