Commodities (Crude Oil & Copper) & Macro Outlook

During early close on September 23, China's domestic futures contracts showed broad declines. SC crude fell 4% and ethylene glycol dropped nearly 4%, while short-chain fibers, lithium carbonate, and polyethylene terephthalate (PTA) declined over 2%. Conversely, natural rubber 20, container

According to Jin10 Futures, as of 11:31 on September 23, China's domestic futures markets saw significant capital movements. CSI 1000 2612 led net outflows with 50.01 billion yuan, followed by CSI 500 2612 at 32.63 billion yuan and Shanghai Gold 2610 at 27.36 billion yuan. On the inflow side,

According to Shenwan Hongyuan Research, oil prices are expected to maintain around $100 per barrel before the U.S. midterm elections, then gradually decline to approximately $75 per barrel from late 2026 through early 2027. The research firm cited constrained global oil supply—including low

According to Wellington-Altus chief strategist James Sun on September 22, an Iran nuclear agreement could increase global oil supply and lower crude prices, potentially weakening the rationale for the U.S. Federal Reserve's aggressive rate-hiking stance. Sun noted via X that if oil prices fall,

On September 23, Saudi Arabia's East-West Pipeline resumed operations. Simultaneously, former U.S. President Trump warned that Iran could face potential military action if no peace agreement is reached, intensifying Middle East tensions. The overlapping supply recovery and geopolitical tensions

According to Guru Club, lithium carbonate futures (LC2701) declined 3.05% on September 23, trading at 129,100 yuan per ton. Trading volume reached approximately 22.485 billion yuan.

US index futures showed mixed performance during morning Asian market hours on the 23rd amid expectations of easing tensions between the US and Iran. E-mini S&P500 futures traded at 7,830.50, down 0.02% from the previous session, while E-mini Nasdaq100 futures rose 0.04% to 31,040.00. The mixed

According to Guru Club, lithium carbonate futures contract declined 2% on September 23, trading at 130,460 yuan per ton.

According to Kpler shipping tracker data, on Tuesday (Sept 23), only three vessels passed through the Strait of Hormuz, below four transits the previous day and the 10-day average of 15 vessels. The three ships, including one Panama-type tanker, were all exiting the strait. Meanwhile, an empty

According to Kpler data cited by Jin10 on September 23, Asian crude oil imports climbed to 23.96 million barrels per day in September, marking the highest level since Iran tensions escalated, up from 23.38 million barrels per day in August and the highest since February. Imports from the Middle

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) prices fell to 132,750 yuan per ton in early trading on September 23, down 250 yuan per ton from the previous day's 4:30 PM closing price.

According to Yonhapinfomax, South Korean government bond futures opened strong on September 23 morning, driven by a continued decline in crude oil prices. At 9:13 a.m. local time, 3-year government bond futures rose 6 basis points to 102.35, while 10-year futures climbed 29 basis points to 104.37.

Machi Big Brother (Huang Licheng) held three leveraged long positions on the decentralized exchange Hyperliquid. As of Sept. 22, their combined unrealized profit exceeded $5.12 million. Among the year-end risk factors, a major Anthropic IPO could take place between October and November this year, potentially drawing capital from the cryptocurrency market into the stock market, following the pattern seen when SpaceX went public. Position Data for Three Leveraged Long Positions: ETH at 25x, BTC at

The KOSPI index opened 1.94% higher at 7,153.99 on the 23rd but lost momentum and traded at 7,040.78 (+0.33%) as of 10:50 AM, according to Yonhap News. The index retreated as foreign investors switched to net selling 70 billion won after three consecutive days of buying, while institutional investor

According to Reuters, the U.S. Export-Import Bank plans to finance a $7 billion critical minerals and energy project in Argentina to deepen economic cooperation between Washington and Buenos Aires. The financing will be announced as part of a broader package during the United Nations General

The Chicago Mercantile Exchange (CME) planned to launch two GPU futures contracts on October 5, but the U.S. Commodity Futures Trading Commission (CFTC) extended its review period to November 9. The CFTC stated the matter is unprecedented or complex and requires additional evaluation time,

The U.S. Commodity Futures Trading Commission (CFTC) issued a warning that prediction contracts settling on whether specific individuals mention certain words or attend events face elevated market manipulation risks and can only be approved in limited cases by designated contract markets. The CFTC

ING Bank analyst Mihil Tooker stated on 22일(현지시간) that Eurozone interest rates declined more slowly than oil prices fell. The analyst cited an asymmetric relationship where rate increases during oil rallies outpace rate decreases during oil declines. Tooker noted 2-year swap rates remain

According to Jin10 Futures, styrene opened lower in Jiangsu's early trading on September 23. Current spot prices stood at 10,020–10,050 yuan/ton, with October contracts at 9,870–9,890 yuan/ton and November contracts at 9,520–9,550 yuan/ton. The decline was driven by weakness in crude oil and a

According to Korean Exchange, yesterday (Sept 23), Asiana Airlines and Korean Air surged 8.84% and 8.70% respectively, with low-cost carriers Jeju Air and Jin Air also climbing 6.13% and 3.29%. The rally was driven by falling international oil prices following softened geopolitical tensions; Brent c