Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on August 12, container ship Seaspan Benefactor paid approximately $4 million in competitive bidding fees to skip the queue and transit the Panama Canal, nearing historical highs. Wait times for large vessels transiting the canal have stretched to about 10 days, the longest

According to U.S. government expectations, oil supply disruptions from the U.S.-Iran war are anticipated to reach approximately 600,000 barrels a day through the end of 2027, driven by constraints on shipments through the Strait of

According to API data, the U.S. crude oil inventory for the week ending August 7 will be released in 10 minutes.

According to a government decree published on Tuesday (Aug. 10), Russia has delayed the introduction of an 8% export duty on unprocessed or partially processed diamonds to March 1, 2027, from the originally planned

According to ICE Futures, Brent crude oil futures for October delivery closed at $88.91 per barrel on Aug 11, up 1.4% from the previous session. The price gains occurred despite news of a potential agreement between the United States and Iran regarding transit through the Strait of

On Aug 11, U.S. natural gas futures (September contract) settled down 2.7 cents, or 1%, to $2.767 per million British thermal units (MMBTU) on NYMEX, reversing earlier gains after midday weather models shifted cooler for mid-August in the northern half of the

According to Libya's National Oil Company, the Zawiya refinery's oil tank was struck by a drone on Tuesday, August 12, marking the fifth such attack since Sunday. The strike triggered a small fire that was extinguished by firefighting crews, and the facility remains operational. The company

On Tuesday (August 11), ICE raw sugar futures rose 1.64% and white sugar futures climbed 1.15% at the New York close. ICE Arabica coffee futures edged up 0.08%, while Coffee C futures declined 0.35% to 312.80 cents per pound, reaching a session high of 327.55 cents at 6:50 PM Beijing time. New York

On Tuesday, oil prices were volatile, with Brent crude touching $90 per barrel—its highest in two weeks—before retreating to just below $89, up 1.6% on the day. WTI rose 1.8% to over $83. The moves were driven by the hardening Iran war stalemate and declining shipping activity through the Strait

From 18:30 to 18:45 (UTC) on August 11, 2026, BTC plunged sharply over the 15-minute period, posting a Return % of -0.27% and falling back into the 63250.0-63504.7 USDT range, with an Ampl of 0.40%. Order Book data was extremely limited, with depth at only one level. The market was in a low-volatility state, and attention remained relatively stable. The main driver of this move was the sharp escalation of the U.S.-Iran military conflict in the Strait of Hormuz, triggering a broad spillover of ge

According to Bloomberg Commodity Index, Chicago CBOT grain futures declined on Tuesday as of New York close on Aug 11. Wheat futures fell 1.54%, while soybean oil slid 1.39% and soybeans dropped 1%. Bloomberg Commodity Index itself declined 1.02% to 30.6844.

Traffic through the Hormuz Strait plummeted to just six vessels on Monday, marking a dramatic drop in one of the world's most critical shipping lanes. The significant decline reflects ongoing tensions in the

WTI September crude oil futures closed at $83.20 per barrel today (August 11). NYMEX September natural gas futures settled at $2.7670 per million BTU, while September gasoline futures closed at $3.1366 per

Shanghai Exchange crude oil futures contract (2609) declined 0.25% overnight to 549.40 yuan per barrel. Shanghai gold fell 0.28% and Shanghai silver dropped 0.42% in the same session.

According to its official announcement, Brazil's CSN received sufficient support from bondholders to complete a debt exchange, providing the steelmaker financial relief amid elevated financing costs. The exchange aims to refinance maturing obligations and reduce debt servicing

CBOT soybean futures fell 1.0% intraday today (August 11) to 1,182.75 cents per bushel, while wheat futures declined 1.5% to 629.5 cents per bushel.

According to Cochilco, Chile cut its 2026 copper production forecast to 5.27 million tons following an exceptionally weak first half at major mines. The country's state copper commission simultaneously raised its average price forecast to $5.95 per

According to Libya's National Oil Corporation, the Zawiya refinery came under drone attack targeting fuel storage tanks shortly after resuming operations. The facility was struck following its restart after the recent operational

Today (August 11), LME metal futures closed with mixed moves. Tin led gains, rising $160 to $55,912 per ton, while aluminum rose $46 to $3,364 and lead climbed $4 to $1,907. Copper fell $4 to $14,156, zinc dropped $9 to $3,728, and nickel declined $95 to $16,830. Cobalt closed

Oil climbed above $83 per barrel ahead of Wednesday's July consumer price index (CPI) report, driven by reports that Iran plans to maintain closure of the Strait of Hormuz until its demands are met. Meanwhile, the S&P 500 slipped slightly as investors remained cautious ahead of the key inflation da