Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran's FARS News Agency on September 22, Iranian officials denied reports from Reuters and Kyodo News regarding the reopening of the Strait of Hormuz, stating the reports are unreliable and inaccurate. The earlier positive messages about Iran-U.S. negotiations and potential strait reope

According to research released Tuesday by Chatham House and the Forest Stewardship Council, global biofuel production is projected to surge by nearly 70% from 2025 levels by 2030. The increase is driven by major producing nations raising mandatory biofuel blending ratios in response to energy

According to ChainCatcher, Iran signaled a possible reopening of the Strait of Hormuz, prompting oil prices to decline and eurozone bond yields to fall for a second consecutive day, touching their lowest levels in two weeks. German 10-year bund yields retreated to 3.441%, while traders anticipate t

U.S. Secretary of State Marco Rubio stated that approximately 60 to 70 percent of oil shipments have currently been restored, with the figure continuing to increase.

According to SMM survey, nickel-iron furnaces at Indonesia's IMIP park began reducing production today (September 22), with current operating loads dropping to 30%-40% of normal levels. The reduction is attributed to reduced local rainfall due to El Niño conditions, which has decreased water

According to UBS, strategists Gerry Fowler and Sutanya Chedda upgraded mining stocks to a favored industry on September 22, citing strong demand from artificial intelligence infrastructure expansion. The pair identified suppliers of equipment and raw materials essential for AI infrastructure

Belarusian President Alexander Lukashenko said on September 21 that Belarus is currently unable to supply potash in large quantities to the United States. On the same day, U.S. officials indicated the country is pushing for a large-scale potash purchase agreement with Belarus.

The South Korean government designated a $22.3 billion gas combined-cycle power plant project in Texas as the first initiative under its $200 billion US investment program, according to a report submitted to the National Assembly today. The project, valued at approximately 30 trillion won, faces an

According to TradingView, Bitcoin (BTC) reclaimed the $85,000 mark on Tuesday, 22 September, trading at $85,736 and reaching its highest level since January. The breakthrough follows a decline in Brent crude oil below $100 a barrel amid signs of potential de-escalation tied to Iran, and a pullback i

The US Federal Reserve raised its policy rate by 25 basis points on the 16th, the first hike in a year since December 2025's final rate cut. The S&P 500 rose approximately 1% post-announcement, while 10-year Treasury yields held near 5%. Last month's employment data showed 162,000 jobs—triple

According to Newsis, Hong Kong stock market indices closed higher on Sept 22 for the third consecutive trading session, driven by easing Middle East tensions and falling global crude oil prices. The Hang Seng Index rose 45.04 points, or 0.18%, to 25,087.75, while the H-Shares Index (tracking Hong Ko

According to South Korea's Financial Investment Association, government bond yields showed mixed performance on September 22, with longer-term maturities gaining ground. The 3-year bond yield fell 1.6 basis points to 4.040%, while the 10-year yield rose 0.4 basis points to 4.461%. The 20-year yield

According to Solid Intel, Saudi Arabia restarted its East-West oil pipeline on September 22 following operational disruptions caused by recent drone attacks. The pipeline serves as a critical export route for Saudi crude oil, providing an alternative transport corridor that circumvents the Strait

According to Guru Club, Dutch near-month natural gas wholesale prices fell 5.12% on Sept 22, settling at €69.50 per megawatt-hour.

According to Gate data, Brent crude oil (XBRUSD) fell to $99.93 per barrel in the past 24 hours, declining 2.6% from the $100 mark.

Korea Electric Power Corporation (KEPCO) faces increased funding pressure as over 60 trillion won in KEPCO bonds approach a maturity wall. Within the next 2 years and 4 months, more than 49 trillion won in bonds will mature — 18.04 trillion won by the end of this year, 16.7 trillion won in 2027, and

According to sources, Saudi Arabia is preparing to resume crude oil exports from Yanbu port on Tuesday evening.

According to Korea Exchange data, Korea Electric Power Corporation (KEPCO) faces 49.4 trillion won in maturing bonds over the next 2 years and 4 months—equivalent to 81.5% of its current outstanding debt of 60.62 trillion won—while simultaneously planning 73 trillion won in domestic power grid

On September 22 Beijing time, the international crude oil market continued its decline. According to data from Gate 行情, the latest quote for WTI 原油（CLUSDT） was $91.06 per barrel, down 3.25% over 24 hours, with an intraday low of $90.14, falling below the $91 mark for the first time since September 8; 布伦特原油（BZUSDT） was quoted at $95.65, down 2.15% intraday. Meanwhile, 比特币（BTC） was quoted at $85,458, up 4.8% over 24 hours, with a market capitalization of approximately $1.63 trillion, while market