Commodities (Crude Oil & Copper) & Macro Outlook

Bloomberg reported on August 21 that code embedded in the U.S. iPhone version of TikTok’s app revealed that TikTok is developing a “DM-to-DM payments” feature that would allow U.S. users to send money directly through direct messages (DMs). Rival platform X is building a super app that includes cryptocurrency and stock trading, and some creators have tested financial features such as X Money. Feature Details Discovered in TikTok’s iPhone Code According to Bloomberg’s code analysis, TikTok’s P2P

According to the EPA announcement on Thursday (Aug 21), ethanol (D6) RIN credits generated in July totaled 1.29 billion, up from 1.28 billion in June, while biodiesel (D4) RIN credits fell to 796 million from 841 million. These Renewable Identification Numbers (RINs) are used by refiners to comply w

The U.S. Commodity Futures Trading Commission (CFTC) issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on an amendment to Rule 37.3(a)(2) that would eliminate the mandatory requirement for swap execution facilities (SEFs) to maintain an order book for “Permitted Transactions.” The proposed amendment specifically targets Permitted Transactions and would not affect the order book requirements applicable to Required Transactions. CFTC Proposed Amendments: Current Status, Basis

According to Jin10 Futures, Guizhou Phosphate Group's 73,500-ton sulfur shipment from the Middle East arrived at Zhanjiang Port in Guangdong on August 20 morning. The shipment marks the company's first direct Middle East mainstream cargo import since the Gaza conflict escalated, and represents its l

S-Oil recorded an inventory valuation loss exceeding 343.1 billion won in the first half, the only refiner among its competitors to post losses of this magnitude. The loss stemmed from S-Oil's use of the first-in-first-out (FIFO) accounting method, which differed from competitors' weighted average a

Bitcoin (BTC) continued its midweek rebound, trading at around $74,430 as of August 21. CFTC Chairman Michael Selig said that even if the CLARITY Act fails to pass, the crypto industry will still receive market structure rules. CME CEO Terrence Duffy, Selig, and a Kalshi executive engaged in a heated debate over prediction market regulation. Macro Events & Crypto Highlights Bloomberg reported that CFTC Chairman Michael Selig said the crypto industry will receive market structure rules even if Co

According to Jin10 Futures, as of 09:30 Beijing time on August 21, New York gold futures rose 0.25%, silver futures climbed 0.68%, and copper futures gained 0.75%.

According to Jin10, as of 09:30 Beijing time on August 21, WTI crude oil futures gained 0.45%, while U.S. natural gas futures rose 1.10%.

Brent crude oil reached $92 per barrel today, up 0.32% in intraday trading.

Bitcoin and Korean crypto-related stocks surged on local time as Bitcoin reached $72,812, marking a 6.2% gain in 24 hours. The rally followed Trump's call for expedited passage of the CLARITY Act, which would classify sufficiently decentralized cryptocurrencies as digital commodities under CFTC

Bitcoin rebounded further to $73,783 on Friday, August 21, surging from Wednesday’s low of below $65,000. On August 19, the U.S. Treasury announced an expansion of buybacks for 10- to 30-year Treasury bonds. After the announcement, long-term yields fell and the dollar weakened, making interest-bearing government bonds less attractive relative to stocks, gold, and cryptocurrencies. Policy Details of the U.S. Treasury’s Expanded Treasury Buybacks On August 19, the U.S. Treasury announced that it w

According to Jin10 Futures, fuel oil trading sentiment improved on August 21 as crude oil climbed on a staircase pattern. Refiners showed increased confidence in holding prices, with sellers reluctant to offer at lower levels, while downstream buyers gradually increased inquiries focused on

According to Chaos Chenchen Futures research released on August 21, Black Sea cargo volumes have plummeted due to Russian and Ukrainian strikes, with some ports halting operations completely. A strong El Niño pattern is expected to reduce Australian canola production, slowing global canola output g

South Korea's KOSPI index fell 0.58% to 6,812.78 as of 9:16 AM, while the KOSDAQ dropped 3.51% to 811.36, as US Treasury yields resumed their upward trajectory overnight. The declines were triggered by a rebound in US 2-year Treasury yields to 4.1920% (up 2.50 basis points) and 10-year yields to 4.7

According to Jin10, as of 8:30 a.m. on August 21, 2026, U.S. crude sugar CFD and international spot platinum led overnight commodity volatility, with corresponding theoretical price impacts reflected across domestic futures

Korean energy companies, battery manufacturers, and AI firms actively utilized the Green, Social, and Sustainability (GSS) bond market from January to July, according to Swedish think tank AFII. GSS bond issuance in Asia during this period reached approximately $151 billion, representing about 55% o

According to Jin10 Futures, on August 21, ethylene glycol prices maintained an uptrend as international crude oil continued to climb. Cost pressures from rising crude oil supported market sentiment, with spot prices in East China quoted in the 5,700–5,800 yuan per ton

According to KOMIS citing London Metal Exchange data, copper hit record highs on August 21, entering a consolidation phase after the recent surge. Despite short-term profit-taking and large inflows easing the rally, structural supply shortages remain persistent, suggesting the uptrend will

South Korean industries face intensifying competition from Chinese manufacturers across semiconductors and secondary batteries, with China's CXMT securing the global fourth-largest share in commodity DRAM markets. South Korea imports 97% of its anhydrous hydrogen fluoride from China, while Chinese c

According to Yonhapinfomax, China has secured dominant control over critical raw materials essential to Korea's semiconductor and battery industries, intensifying supply chain competition. China accounts for approximately 97% of anhydrous hydrogen fluoride, 70-80% of refined lithium and precursor ca