Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, Indonesia's hot-rolled coil (HRC) prices held steady at $515-520 per ton FOB on October 27, as weak domestic demand increased downward pressure on export markets. In Vietnam, Indonesian HRC quotes stood at $533-535 per ton CFR last week, with some buyers bidding as low as

According to Jin10, on October 27, Shanghai Futures Exchange (SHFE) released daily warehouse receipt data across 23 commodity futures. Twelve commodities saw inventory declines, including silver (down 2,710 kg to 1,368,625 kg), copper (down 1,626

According to Bloomberg, Saudi Arabia has brought under control a fire that broke out near the Ras Tanura oil hub following an attack.

According to Jin10, WTI crude oil rose over 1% intraday on October 27, trading at $101.57 per barrel. Brent crude oil gained 0.8%, reaching $111.31 per barrel.

According to Reuters, Pertamina Patra Niaga, the trading and commerce unit of Indonesia's state oil company Pertamina, is seeking crude oil and condensate for delivery in January to March 2027, as shown in a tender document on October 27. The company is bidding for crude shipments destined for its r

According to Jin10 Futures, on the afternoon of October 27, the CSI China Containerized Freight Index (Europe Route) futures main contract plunged, closing down nearly 7% after touching an intraday decline of over 8%. Shipping companies' pricing announcement fell short of market expectations,

According to Iran's Press TV, Iran, Russia, and Azerbaijan reached overall consensus on a natural gas swap agreement on October 27 during minister-level talks at the 28th Gas Exporting Countries Forum (GECF) in Moscow. Iran's Acting Oil Minister Hamid Bavarti stated the gas swap agreement

Shanghai Futures Exchange released a notice today (October 27) on revisions to its zinc futures contract and business rules. The exchange plans to update the zinc ingot delivery grade standard from GB/T 470-2008 to GB/T 470-2026, and add provisions allowing zinc ingots used for futures delivery to b

According to Citibank's commodity research report released on October 27, global CBOT grain and oilseed markets face multiple intersecting risks including geopolitical conflicts, elevated energy costs, and strong El Nino climate threats. The combination of biofuel demand and supply vulnerabilities i

According to Jin10 data, the United States strategic petroleum reserve crude oil inventory fell to its lowest level since 1982 on October 27. The decline reflects continued drawdowns from the nation's emergency stockpile amid fluctuating domestic and global energy

The USD/JPY exchange rate rose in the Tokyo foreign exchange market on October 27, trading at 157.577 yen as of 1:59 PM, up 0.06% from the previous session. The currency pair climbed to an intraday high of 157.744 yen during morning trading. The upward movement was driven by increased dollar

According to Jin10, on October 27, pulp futures warehouse inventories fell to 418,176 tons from 424,019 tons the previous trading day, down 5,843 tons. Most other energy and chemical futures contracts, including heating oil, bitumen, and low-sulfur fuel oil, remained

According to BlockBeats, three tankers carrying approximately 140,000 tons of Russian diesel are expected to arrive in the U.S. between November 7 and 11, following a sanction waiver agreement reached between President Trump and Russian President Putin on October 9. The Greek-flagged Agioi

According to CME data, on October 26, gold trading volume fell to 150,464 contracts, down 69,909 from the previous session, while open interest decreased to 400,889 contracts. WTI crude oil saw trading volume decline to 707,155 contracts, down 321,382, and open interest fell to 1,896,089 contracts,

According to Guru Club, the Shanghai Containerized Freight Index (Europe Route) futures main contract fell 6.00% intraday on October 27, trading at 2272.0 points.

According to CCTV News, Chile's central-northern regions have experienced multiple episodes of heavy rainfall and severe convective weather since October 2026 due to a super-strong El Niño phenomenon. The capital Santiago saw waterlogged roads and cracked highways, with precipitation reaching

According to union InfoMax, IDB chief economist Laura Alfaro recommended on October 27 that South Korea establish a stabilization fund using semiconductor windfall revenues to prepare for economic slowdown. Alfaro stated that both accumulating reserves and repaying national debt are valid forms of s

According to Guru Club, live hog futures main contract rallied 2% to 9,920 yuan/ton on October 27, after earlier dropping over 2% during the trading session.

According to Jin10 Futures, starting October 30, 2026, the National Fertilizer Commercial Reserve will conduct recurring online procurement for nitrogen, phosphorus, and compound fertilizers through the National Agricultural Supply Protection Online Platform. Trading sessions will occur every

According to Capital Economics on October 27, global inflation has risen from 2.6% in January to 3.6% in August, with further deterioration expected. The firm attributes the trend primarily to elevated energy prices, projecting Brent crude to remain around $100 per barrel through early 2027, which w