Commodities (Crude Oil & Copper) & Macro Outlook

US stock index futures declined in Asian trading on the morning of May 28 as oil prices surged amid ongoing US-Iran tensions. E-mini S&P 500 futures fell 0.19% to 7,789.00, while E-mini Nasdaq 100 futures dropped 0.02% to 30,885.75. The decline followed reports that US President Donald Trump

According to Yonhapinfomax, on Sept 28 morning (Asian market hours), U.S. stock index futures declined as Brent crude surged past $105 per barrel amid escalating U.S.-Iran tensions. E-mini S&P 500 futures fell 0.19% to 7,789.00, while E-mini Nasdaq-100 futures dropped 0.02% to 30,885.75. West

According to Samsung Securities on September 28, the United States and China extended their trade agreement for two months and agreed to lower tariffs on $30 billion in non-sensitive goods following their summit on September 24. Despite the trade relief measures, Samsung Securities analyst Jeon

According to China International Capital Corporation (CICC), China's intermediate goods exports accelerated in January-August 2026, with upstream segment growth emerging as a new driver alongside artificial intelligence-related products. Rising energy prices, particularly crude oil, boosted exports

According to Jin10, India's government is considering requiring power generators to resume blended coal imports and domestic supplies for the first time since 2024 to relieve supply pressure. Supply constraints have pushed India's monthly spot power prices to their highest level since 2022.

According to Hana Securities, US solar module and polysilicon prices have risen significantly in recent months as American trade restrictions narrow the competitiveness of low-cost Chinese products. US-manufactured mono PERC solar modules reached $0.313 per watt, up approximately 20% from the

According to Iran's Foreign Minister Araqchi on September 27, Iran will not make concessions to the United States, and any progress on reopening the Strait of Hormuz depends on whether Iran's stated conditions are met. Market data shows commercial vessel traffic through the strait has fallen to

US stocks closed higher on September 25 (local time) as oil prices dropped over 2% following diplomatic progress between the United States and Iran regarding the Hormuz Strait reopening. The Dow Jones Industrial Average rose 478.64

According to Yonhapnews, U.S. stocks advanced on September 25 following diplomatic progress between Washington and Tehran. The Dow Jones Industrial Average gained 0.93% to close at 51,828.62, while the S&P 500 rose 0.51% to 7,743.41 and the Nasdaq Composite increased 0.48% to 27,068.72. Iranian

From 22:30 to 22:45 on September 27, 2026 (UTC), BTC pulled back 0.44% over 15 minutes, trading within a range of 84,177.4 to 84,557.4 USDT, with an amplitude of 0.45%, indicating narrow-range consolidation. The 24-hour change was only +0.14%, with an amplitude of less than 1%. The Order Book bid-to-ask ratio of 0.17 showed that ask orders significantly outweighed bids, while market sentiment remained cautious. The primary driver of this move was the FED’s 25-bps rate hike on September 16, its f

According to Jin10 Data, on September 28, Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz, intensifying concerns over delays in unlocking this critical waterway. The rejection drove WTI and Brent crude oil to open up over 1% on market open. Meanwhile, escalating regional tens

According to China Nonferrous Metals Industry Association's Silicon Branch, n-type recycled silicon polysilicon and n-type granular silicon spot prices both reached 40,000 yuan/ton recently, up approximately 10,000 yuan/ton from late July. The price recovery was driven by supply contraction

According to Guru Club, WTI crude oil futures rose 1.19% on Monday (September 28), opening at $93.509 per barrel.

On September 28, Israeli forces launched coordinated strikes against targets in Lebanon, Gaza, and Yemen amid ongoing regional escalation. Iran warned of preparations to retaliate against the United States, while both Washington and Tehran intensified economic pressure tactics related to oil

Lee Chung-jae, a researcher at Korea Investment & Securities, stated in a recent interview that Middle East oil supply normalization will require 2 to 3 years even after the US-Iran war ends. The Strait of Hormuz blockade affects 20 million barrels per day of Middle East oil supply, with potential s

Lee Chung-jae, a researcher at Korea Investment & Securities, warned in a recent interview that oil supply normalization will require 2 to 3 years even after the US-Iran war ends, citing AI datacenter construction as a factor delaying oil production facility recovery. The Hormuz Strait blockade

According to Lee Chung-jae, a researcher at Korea Investment & Securities, the Middle East oil supply disruption caused by the U.S.-Iran conflict will take 2-3 years to normalize after the war ends. The Strait of Hormuz closure affects 20 million barrels of daily Middle East oil production;

According to Jin10, regional tensions escalated on September 28, with Iran's military officials warning of retaliatory strikes against the United States amid ongoing Middle East conflicts. Iran's military spokesperson stated the country is prepared to inflict greater damage on the U.S. in response t

According to Jin10, on Sept 28, Trump said he has spoken with Ukrainian President Zelensky and asked him to "take it easy" on attacks on refineries. Trump attributed U.S. diesel shortages to Ukrainian attacks on Russian oil refineries. He is "seriously considering" banning diesel exports, a