Commodities (Crude Oil & Copper) & Macro Outlook

According to Citi on June 9, the bank cut its 3-month gold price target to $4,000 per ounce from $4,300, while maintaining its 6-12 month target at $5,000 per ounce. In energy markets, India's refiners increased liquefied petroleum gas production to 53,000 tonnes daily, up 60% from pre-Iran crisis l

According to China Futures Association data, China's futures market saw trading volume of 709 million contracts and trading value of 70.61 trillion yuan in May 2026, up 4.54% and 29.01% year-over-year respectively. The nonferrous and precious metals sector maintained strong momentum, with tin future

According to Guru Club, coking coal futures main contract hit daily limit down 8% to 1,340.5 yuan/ton on June 9, with sell orders surging to 17,000 hands. Coking coke 2609 weakened significantly intraday, falling 5.41% to 1,932 yuan/ton, with trading volume reaching approximately 7.061 billion yuan.

According to CCTV News and international media, Israel's Prime Minister Benjamin Netanyahu announced on June 8 a pause in military strikes against Iran, with Iran's armed forces also halting their attacks. Crude oil and fuel futures fell sharply as geopolitical tensions eased. Meanwhile, the U.S.

SC crude oil 2607 futures weakened intraday today, declining 3.07% to 578.4 yuan per barrel. Trading volume reached approximately 15.507 billion yuan, with positions reduced by nearly 3,300 contracts during the

According to Jin10 Futures, over the weekend on June 9, Iran attacked Israel, prompting Israeli retaliation and renewed military confrontation. Oil prices surged at the open but reversed course after U.S. President Trump announced both sides would achieve a ceasefire, retreating from intraday

According to Jin10, purified benzene prices in East China rose to 7,750 yuan/ton on June 8, up 100 yuan/ton from the previous trading day. The increase was driven by rising crude oil prices and reduced import arrivals at major East China ports, which strengthened market

According to ChainCatcher, Nado launched today the industry's first unified margin system using tokenized U.S. equities, with SPYx (S&P 500) and QQQx (Nasdaq 100) now supporting use as perpetual contract collateral. Users can trade crypto, forex, commodities, and stock perpetuals on a single

Several major economic indicators are scheduled for release on June 9, Beijing time: 19:00 – ECB Governing Council member Emmanuel Moulin speaks 20:30 – U.S. April trade balance; Canada April trade balance 22:00 – U.S. May new home sales (annualized) 00:00 (June 10) – U.S. Energy Information

CITIC Securities released a report on June 8, warning that the oil market may be underestimating near- to mid-term risks, including the risk of the Strait of Hormuz being closed and weak U.S. drilling activity. On June 8 intraday, Brent crude rose to briefly break above $97 amid exchanges of missiles between Iran and Israel, and closed at around $94.25. As of the week of June 5, Bitcoin fell by nearly 18%. Confirmed Oil Inventory and Supply Data Based on publicly confirmed data from multiple ins

According to China's State Council, on June 8, Sinopec Chairman Hou Qijun met with Saudi ACWA Power CEO Serhan to exchange views on cooperation in new energy investment and engineering services.

According to Bitcoin.com News, a poll shared by economist Peter Schiff on June 6 drew over 16,000 votes, with 59% of surveyed bitcoiners rejecting the notion that even a total collapse to $0 would validate his bearish thesis. The survey asked at what price bitcoiners would concede Schiff's

According to China Customs Authority, China's crude oil imports fell to 33.081 million tons in May 2026, down from 38.471 million tons in April. January-May crude oil imports totaled 218.364 million tons, compared with 229.457 million tons in the same period

According to Guru Club, on June 9, the main contract of metallurgical coke futures fell 7.99% to 1,340.50 yuan per ton, touching the daily limit down. The main contract of coke futures declined 4.5% to 1,948.50 yuan per ton.

According to China Customs, China imported 15.78 million tonnes of refined oil products in January-May 2026.

According to China Customs, crude oil imports reached 218.4 million tons in the first five months of 2026.

According to China Customs, the country's refined oil exports reached 3.368 million tons in May, up from 3.119 million tons in April.

According to market reports collected by Jin10, natural rubber production in China's main regions faces disruptions from weather conditions. Yunnan areas saw frequent rainfall, while Hainan experienced high temperatures and strong winds, slowing latex output growth. Port inventories in Qingdao