Commodities (Crude Oil & Copper) & Macro Outlook

At midday close today, China's main futures contracts showed mixed performance. Benzene, styrene (EB), propylene, and methanol each surged over 3%, while plastic and polypropylene monthly contracts rose over 2%. Asphalt gained nearly 2%. On the downside, natural rubber 20 and SC crude fell over 3%,

Shell Canada Energy has made a final investment decision on LNG Canada Phase 2, expanding the facility's annual production capacity from 14 million to 28 million tonnes. The expansion will add two new liquefaction trains, storage capacity, and loading infrastructure. With a 40% stake, Shell will

According to CME data, on September 28, WTI crude oil and silver both showed increases in trading volume and open interest. WTI crude oil trading volume reached 1,020,143 contracts, with open interest at 1,855,198 contracts, up 38,459 and 423 contracts respectively from the previous trading day.

According to Jin10, the Chicago Mercantile Exchange (CME) metal commodity trading volume report for September 28 has been updated in the Jin10 data center.

According to Jin10 and Shanghai Shipping Exchange, container freight rates to Europe fell sharply today (Sept 28), with the Shanghai Export Container Settlement Index for European routes dropping 6.5% to 2441.81 points. Major carriers including OOCL and COSCO lowered their September rates to $3,400–

According to Iranian Foreign Minister Alagchi, Iran awaits the US response to a Strait of Hormuz proposal by Tuesday through Qatar intermediaries, with diplomatic channels remaining open. On Monday, oil prices surged more than $4 after President Trump rejected Iran's initial proposal, though the

According to market data, copper futures surged to approximately $14,500 per tonne this month, approaching record highs, as supply concerns mount. Workers at Antofagasta Plc's Centinela mine overwhelmingly rejected the company's final wage proposal, raising concerns about an imminent strike and

WTI crude oil rose 1.00% to $92.95 per barrel today (Sept. 29).

South Korea's KOSPI index declined 1.07% to 6816.26 as of 1:15 PM on the 29th, hovering near the critical 6800 level amid mounting pressure from rising US oil prices and interest rates. The benchmark index opened at 6844.41,

The Reserve Bank of Australia warned that inflation remains elevated, with some upside risks mentioned in August now materializing. The escalating Middle East conflict has driven global energy prices significantly above the RBA's August forecast

According to Korea Exchange, the exchange and Korea Development Bank will jointly host a seminar on 'Derivatives Market Development and Marine Finance Development Direction' on October 2 at Lotte Hotel Busan. The event is part of Korea Premium Weeks 2026, a three-week capital markets conference and

From 03:15 to 03:30 on September 29, 2026 (UTC), BTC edged up over the 15-minute period, with a Return % of +0.38%, a price range of 82,864.7–83,220.0 USDT, and an Ampl of 0.43%. Despite the slight short-term gain, the overall price remained in a narrow consolidation pattern, with intraday fluctuations of around $1,800. Market sentiment leaned toward waiting and watching for macro signals to become clearer. The main drivers of this minor fluctuation were the interplay between heightened geopolit

China's domestic futures contracts declined broadly during early morning session today (September 29), with No. 20 rubber futures dropping over 3%, containerized freight European route and crude oil (SC) falling nearly 3%. Eggs, polysilicon, rubber, ethylene glycol (EG), platinum, palladium, and

According to Avalanche, Goldman Sachs has introduced its $100 billion Treasury bond fund FTIXX to Avalanche's permissioned chain Lynq. Lynq is a private permissioned layer-1 deployed on Avalanche and currently hosts over 30 institutional participants including B2C2, Wintermute, Galaxy, FalconX, and

According to Algeria's Presidential Palace, OPEC Secretary General Haitham Al-Ghais said on September 28 that the Algiers Agreement, reached a decade ago, remains significant for oil market stability and demonstrates the value of unity and cooperation. Speaking in Algiers following a meeting with Al

According to Jin10 Futures, crude oil prices surged yesterday after reports that U.S. President Trump rejected Iran's interim proposal and indicated preference for resuming military action against Iran following the midterm elections. Oil subsequently retreated from session highs after Saudi

According to Chen Bangxun, spokesperson of China's Ministry of Agriculture and Rural Affairs, the live pig supply-demand situation has continued to improve in the second half of 2026, with prices stabilizing above 11 yuan per kilogram despite recent fluctuations. The ministry plans to monitor

According to Goldman Sachs' September 28 report, the U.S. economy's resilience is underestimated. The bank maintained its 2026 GDP growth forecast at 2.2%, only 0.3 percentage point lower than its January prediction, with third-quarter growth expected at 3.4%, near the potential rate of 2.3%.

According to bond market sources, on Sept 28-29, South Korea's government and public bond money market fund (MMF) negative spreads widened beyond -0.12%, with some major funds among 25 tracked showing negative premiums. A negative spread indicates market interest rates on underlying bonds have

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) spot price fell to 120,750 yuan/ton in early trading today, down 1,000 yuan/ton from yesterday's 4:30 PM close.