Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Metals Market, MMLC battery-grade lithium carbonate traded at 148,000 yuan/ton on Aug 13 morning, down 250 yuan/ton from the previous day's 4:30 p.m. closing price.

According to the American Automobile Association (AAA), U.S. gasoline prices reached $4.036 per gallon nationally on August 12, up 0.60% (0.024 dollars) from the previous day. Patrick De Haan, an analyst at GasBuddy, noted that this marks the highest national average price ever recorded on or

According to Jin10, Shanghai issued an action plan on August 13 to promote private investment, supporting private enterprises to participate in state-approved railway, nuclear power, hydropower, cross-province electricity transmission, oil and gas pipeline, LNG facility, and water supply projects.

According to Xinhua, China's national carbon emission trading market cumulative trading volume exceeded 930 million metric tons as of late July, as announced by Minister of Ecology and Environment Huang Runqiu on

According to Cointelegraph, Kraken launched S&P 500 index perpetual futures contracts on August 13 within its Kraken Prop self-directed trading program for qualified traders. The product offers 24/7 exposure with no expiration dates or rollover requirements, supports up to 5x leverage, and has a

From 01:15 to 01:30 on August 13, 2026 (UTC), BTC fell 0.33% over 15 minutes, with the price retreating to the 63,402.7–63,634.5 USDT range and an Ampl of 0.36%. The filled amount was relatively low, with the market broadly moving in a narrow-range consolidation and wait-and-see pattern rather than undergoing a panic sell-off. The main drivers of this move were the combined pressure of escalating geopolitical risks and the Fed’s monetary policy. The conflict between the US and Iran over the Stra

As of 09:30 Beijing time on August 13, gold futures on NYMEX rose 0.20%, while silver futures climbed 0.40%. Copper futures declined 0.69%.

Oxford Economics projects that renewed hostilities between the United States and Iran will lead to a sustained reduction in shipping volume through the Strait of Hormuz through at least 2028. In a report released on the 12th (local time), the institution stated that deep mutual distrust between the

According to Oxford Economics on August 12, the U.S.-Iran tensions and prolonged hostile actions make a sustained decline in shipping through the Strait of Hormuz the most likely scenario. The organization predicts traffic through the strait will remain significantly below pre-conflict levels throug

If you feel the market has moved but do not know which way to bet, today's market answer is actually deeply divided: CPI gave the Fed some breathing room, but the Treasury market is not buying it; AI hardware rebounded across the board, while after-hours trading following earnings reports is exposing a lack of confidence; gold skyrocketed $460 in 9 days and copper hit an all-time high, as hard assets are being repriced. All three lines are saying the same thing: “good news” is no longer good eno

Bitcoin fell further to $63,569 on August 13, remaining trapped in the $62,000–$66,000 range for several consecutive weeks. The U.S. Bureau of Labor Statistics (BLS) released its July Consumer Price Index (CPI) report on August 12, and the overall data was in line with market expectations: a seasonally adjusted monthly increase of 0.1% and an unadjusted year-over-year increase of 3.4%; core CPI, which excludes food and energy, rose 0.2% month over month on a seasonally adjusted basis. Four Key U

In early trading on August 13, China's domestic futures contracts showed mixed performance. Glass fell over 2%, the steepest decline among major contracts, while soda ash and coking coal dropped more than 1%. On the upside, eggs, pulp, and silver futures rose over 1% each, with synthetic rubber,

According to Jin10 Futures, on August 13, crude oil prices paused their upward momentum as the domestic fuel oil market remained stable with adequate cost support. Downstream buyers maintained cautious sentiment with limited appetite for high-priced inventory. Overall market buying interest was

According to Jinlian Creative (Jin10 Futures), as of August 13, the ninth trading day of the current pricing cycle, reference crude oil prices averaged $82.47 per barrel, representing a 6.34% decline. China's domestic gasoline and diesel retail prices are expected to fall 240 yuan per ton in the

US President Donald Trump signed a proclamation on local time (6th) introducing Minimum Import Prices for polysilicon and solar products under Section 232. Effective December 4, the policy sets MIP at $21 per kilogram for polysilicon, $100 for ingots and wafers, $0.22 per watt for solar cells, and $

According to the Korea Trade Association, the Trump administration signed an executive order on Aug 6 introducing minimum import prices (MIP) for polysilicon and solar products, effective December 4. Polysilicon will face a minimum price of $21 per kilogram, solar modules $0.38 per watt, and

According to Jin10, crude oil prices declined in early trading after five consecutive days of gains, with market focus shifting to supply gaps and geopolitical risks in the Strait of Hormuz.

Securities firms collectively downgraded target prices for Korea Electric Power Corporation (KEPCO) amid rising cost burdens and prolonged Middle East conflict driving oil price increases. The downgrades reflect concerns over short-term headwinds including oil price volatility and uncertainty

According to Jin10 Futures, on August 13, multiple PX production restarts are accelerating, with capacity utilization rates expected to rise further. Easing geopolitical tensions and overnight weakness in crude oil prices are weighing on the market, with PX prices forecast to trade lower

According to Jin10 Futures, on August 13, China's coal tar market faced downward pressure as coal tar feedstock auction prices continued declining, supply remained abundant, and downstream buyers negotiated lower prices. The market is expected to remain weak in the near