Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, lithium carbonate futures contracts rallied on September 11, with losses narrowing to 7.91% to 130,680 yuan per ton, after earlier declining nearly 10%.

According to Jin10, as of 10:40 on September 11, several commodity options saw dramatic rallies. Ferrosilicon 2610 put option (6100 strike) surged 1,260% to 68.0 yuan/ton, while crude oil 2610 call option (820 strike) jumped 1,100% to 13.8 yuan/barrel. Ferrosilicon 2610 put option (6000 strike)

U.S. stock futures traded higher in the overnight session late Thursday, with Dow futures climbing 0.21%, the S&P 500 edging 0.13% higher, and Nasdaq-100 falling 0.09%, as investors await August Consumer Price Index data on Friday. According to CME FedWatch tool data, traders are pricing in a 72.4%

According to a Reuters survey, Japan's August core inflation held steady at 1.8% on September 11, with government subsidies offsetting upward pressure from Middle East-driven oil prices. The national consumer price index (CPI) is expected to rise 1.8% year-over-year, while core CPI remains flat

According to Guru Club, lithium carbonate futures contracts broke below the 130,000 yuan level on September 11, down more than 8%, hitting their lowest point since February 6.

According to Shanghai Metals & Market News, MMLC battery-grade lithium carbonate fell to 139,350 CNY/ton at midday trading today (September 11), down 3,500 CNY/ton from the previous day's 4:30 PM close.

Japanese stocks declined at the opening on September 11 as international oil prices surged to new levels. At 9:09 AM, the Nikkei 225 index traded at 63,548.99, down 1,721.96 points or 2.64% from the previous session, sliding from the 65,000 level to the 63,000 range.

According to Yonhapinfomax, Japan's stock market declined sharply on Sept 11 amid elevated crude oil prices and inflation concerns. The Nikkei 225 index fell 2.64% to 63,548.99 points, while the Topix index dropped 1.83% to 3,980.41, marking its first close below 4,000 since Aug 5. West Texas

South Korea's Ministry of Economy and Finance published its September Green Book economic report, diagnosing that the country's economic recovery continues with strong export growth and improving consumption despite expanding Middle East conflict uncertainties. August exports surged 68.7% year-over-

According to Yonhapinfomax, South Korean government bond futures fell sharply on September 11, with 3-year contracts down 24 ticks to 102.71 and 10-year contracts down 87 ticks to 103.81, as U.S. Treasury yields climbed globally. U.S. 2-year Treasury yields rose 15.4 basis points to 4.588%,

China's Ministry of Natural Resources announced on September 11, 2026, that the country ranks first globally in reserves of 14 mineral types including rare earth, tungsten, and tin, according to the newly released China Mineral Resource Report 2026 and Global Mining Development Report 2026. As of th

SC crude oil futures (Shanghai Exchange's benchmark oil contract) surged 7.99% intraday on September 11, trading at 829.90 yuan per barrel.

According to Bank of Japan, Japan's producer price index (PPI) in August rose 7.6% year-over-year, exceeding market expectations of 7.4%. Month-over-month, the August PPI declined 0.2%, falling short of market expectations for no

According to Jin10 Futures, on Sept 11, ethylene glycol prices held steady amid crude oil strength, with spot quotes trading at 6,940–6,960 yuan per ton. Current spot basis levels stood at 10+1020/1040, with next week's basis expected at 10+920/950 and September contract basis at 10+820/805 (all

According to Jin10 Futures, LME copper and Comex copper both fell over 4% on Thursday (Sept 11), following reports that the White House has yet to decide on refined copper tariffs. The decline also reflected a compression in the CL price spread (the difference between Comex weighted futures and LME

As of 09:30 Beijing time on September 11, New York gold futures rose 0.24%, while silver and copper futures declined 0.03% and 0.10% respectively.

According to Jin10, Saudi Arabia's August crude oil production reached its lowest level since 1990, driven by U.S.-Iran tensions squeezing global supplies. Meanwhile, Iran's decision to suspend a 10% energy surcharge suggests reduced pressure on the Strait of Hormuz. Separately, PPI data release

According to Jin10 Futures and China Fortune Futures research, on Sept 11, Houthi forces took control of Yemen's Mocha port, potentially threatening Red Sea shipping routes, while Iran announced it intercepted a U.S. unmanned surface vessel near the Strait of Hormuz, escalating U.S.-Iran tensions.

According to CNBC, prediction market platform Kalshi officially launched gold and silver Perpetual Futures on September 11, marking the first non-cryptocurrency Perpetual Futures approved by the U.S. Commodity Futures Trading Commission (CFTC). Kalshi was first approved to list cryptocurrency Perpetual Futures in the United States in late May, and since then, the notional trading volume of crypto perpetual contracts has reached $44 billion. Background on the Approval of Kalshi’s Gold and Silver