Commodities (Crude Oil & Copper) & Macro Outlook

According to Gate data, Brent crude oil (XBRUSD) broke through $104 per barrel today, trading at $104.07, up 4.0% over the past 24 hours.

According to Dalian Commodity Exchange (DCE), on September 24, the following chemical futures warehouse receipts data was recorded: polyethylene 4,245 contracts (unchanged day-on-day); polyvinyl chloride 119,524 contracts (down 66 contracts); polypropylene 26,734 contracts (down 687 contracts);

According to Guru Club, Russia plans to impose a 30% excess profit tax on fertilizer manufacturers as of September 24.

According to Singapore Enterprise Development Board (ESG), middle distillate oil inventories in Singapore declined by 551,000 barrels in the week ending Sept. 23, dropping to 8.13 million barrels, a three-week

According to Singapore's Economic Development Board, Singapore's light distillate oil inventories fell by 2.038 million barrels to 11.775 million barrels, the lowest level in three weeks, in the week ended

According to Singapore's Economic Development Board, fuel oil inventories fell by 366,000 barrels to 19.778 million barrels as of the week ending September 23, marking a four-week low.

According to Global Energy Monitor, Southeast Asian nations continued building natural gas power plants on September 24, despite rising prices from Middle East conflicts. The region is constructing approximately 100 gigawatts of new natural gas power generation capacity and expanding liquified natur

According to Jin10, Saudi Arabia has sold nearly 100 million barrels of oil to Asian buyers since mid-last week to help avoid a regional supply shortage. Traders said the crude will be delivered in October and November via the Strait of Hormuz, with buyers including refiners from China, India,

According to Jin10 reporting MET Group CEO Hubert Wygwino statements on Sept 24, the Swiss energy company called for Europe to secure more long-term liquefied natural gas supply contracts to hedge against price volatility risks. The CEO noted that while many global long-term LNG supplies flow to

According to Bloomberg, over the past week, Qatar increased liquid natural gas shipments through the Strait of Hormuz, reaching the highest level in over two months. At least two laden LNG vessels departed the strait while two others entered the Persian Gulf, with one headed toward India's west

According to the Shanghai Futures Exchange data released by Jin10 on September 24, fuel oil futures inventory increased by 10,000 tons to reach 10,000 tons. Meanwhile, petroleum bitumen warehouse reserves fell by 610 tons to zero, while factory inventory declined by 780 tons to 75,600 tons. Pulp fut

According to Jin10 Futures, on September 24, copper futures inventories at Shanghai Futures Exchange fell to 16,620 tonnes, down 2,468 tonnes from the previous trading day. Aluminum inventories declined by 10,637 tonnes to 146,691 tonnes, while zinc dropped 1,403 tonnes to 85,821 tonnes. Gold futur

Brent crude traded at $103.67 a barrel on 24 September, up 0.57 percent on the day and 18.79 percent over the past month, according to TradingEconomics market data, while WTI stood at $92.66. Prediction-market traders have placed $74 million into the question of whether Iran retains control of

According to official data, Spain's producer price index (PPI) recorded a month-on-month rate of 2.9% in August, down from 3.0% in the previous month.

Spain's Producer Price Index (PPI) increased to 13.2% on a year-over-year basis in August, up from 9.2% in the previous month, according to Spanish inflation data.

According to TradingEconomics and Polymarket, on 24 September, Brent crude trades at $103.67, up 0.57 percent, while WTI stands at $92.66. Prediction-market traders have placed $74 million total volume on the question of whether Iran keeps Kharg Island, the terminal handling roughly 90 percent of

According to China's National Development and Reform Commission (NDRC), as of September 24 at midnight, domestic gasoline and diesel (standard grade) prices will increase by 395 yuan and 385 yuan per ton respectively, following regulatory adjustments. The calculated increases under the existing pric

According to Priyanka Sachdeva, market insights chief at Phillip Nova, oil prices declined on September 24 as markets released part of their geopolitical risk premium due to recovering Gulf supplies and growing hopes for a U.S.-Iran diplomatic breakthrough. Sachdeva noted that Brent crude retains a

According to CME data reported by Jin10, on September 23, gold and silver futures contracts saw declines in both trading volume and open interest. Gold futures trading volume fell to 167,650 contracts,

SC crude oil futures, China's benchmark crude contract, surged 6.00% during intraday trading to 736.90 yuan per barrel on September 24.