Commodities (Crude Oil & Copper) & Macro Outlook

Core Contradictions If you feel the market has become increasingly impossible to understand over the past few days, don't blame yourself—the market has gone from a tug-of-war between two themes to a chaotic battle among three. The collapse of the Strait of Hormuz talks sent oil prices skyrocketing, the AI supply chain sold off despite favorable news of $500 billion in financing, and the global rush to secure mines pushed energy metals into the spotlight. Oil is up, AI is down, and copper, uraniu

European shipping index (Europe route) main contract futures fell over 4% intraday on August 11, trading at 1,571 points.

According to Lookonchain monitoring detected by PANews on August 11, trader 0x0000's BRENTOIL short position was fully liquidated, resulting in a loss of $1.33 million as crude oil prices rose.

China's containerized freight index for EU routes fell over 3 percent intraday on August 11, trading at 1,585 points.

According to Jin10 Futures, crude oil futures surged on August 11, with fuel oil and low-sulfur fuel oil (LU) rising over 4% and SC crude climbing nearly 4%. The rally was driven by declining prospects of a U.S.-Iran

According to ChainCatcher, Arthur Hayes stated recently that rising dollar liquidity will push Bitcoin and crypto higher. In a post on X, Hayes outlined three possible mechanisms for yen appreciation, with the third option—Japan's Finance Ministry exchanging U.S. Treasuries through repurchase

According to Jinlian Creative, as of the seventh working day on August 11, the reference crude oil average price stands at $81.43 per barrel, with a change rate of -8.51%, indicating that domestic gasoline and diesel retail prices should decline by 340 yuan per ton. Under the ten-working-day

According to Jin10 Futures, on August 11, fuel oil prices extended gains as refinery margins improved and costs moved higher. However, downstream traders remained cautious at elevated levels, relying mainly on essential demand and limiting market upside. The trading focus is expected to remain

US stock markets declined on August 10 (local time), with the Dow Jones falling 0.11%, the S&P 500 down 0.06%, and NASDAQ dropping 0.32%, as the Philadelphia Semiconductor Index tumbled 2.94%. The declines were driven by surging oil prices amid delayed reopening of the Hormuz Strait and NVIDIA's

US strategic petroleum reserves dropped to 298.7 million barrels last week, declining by 6 million barrels, according to the US Department of Energy cited by Business Insider on the 10th (local time). The decrease

According to the U.S. Department of Energy, cited by Business Insider, the country's Strategic Petroleum Reserve fell last week to 298.7 million barrels, marking the lowest level in 43 years and falling below 300 million barrels for the first time since 1983. The decline of 6 million barrels was

According to Yonhap Infomax, on August 10, major U.S. stock indices fell amid rising oil prices and inflation concerns. The Dow Jones dropped 0.11%, the S&P 500 fell 0.06%, and the Nasdaq declined 0.32%. The U.S. 10-year Treasury yield rose to 4.7020%, while the Dollar Index gained 0.260% to 99.818.

According to Yonhapinfomax, South Korea's KOSPI and KOSDAQ both opened lower on August 11, with the KOSPI declining 59.60 points (0.95%) to 6,240.06 and the KOSDAQ dropping 5.88 points (0.69%) to 848.59. The decline followed weakness in U.S. markets as negotiations between the United States and

South Korea's exports surged 45.3% year-over-year to $21.3 billion during August 1-10, according to customs data released on August 11. The growth was driven by a 155.4% spike in semiconductor exports, which accounted for 46.8% of total exports during the period. The August 1-10 export figure

According to the National Development and Reform Commission and National Energy Administration, on August 10, China released the 'Coal Industry Development 15th Five-Year Plan,' setting key targets for 2030: large-scale modern coal mines to represent 87% of production capacity, intelligent mines to

According to Yonhapinfomax, the USD-KRW exchange rate closed at 1,418.30 won on August 11, down 0.10 won from the previous Seoul session close of 1,418.40 won but up 9.80 won from the prior day's 6 a.m. level of 1,408.50 won. The currency rallied as international crude oil prices surged amid

According to Yonhap Infomax, South Korea's 3-year government bond futures declined 4 ticks to 103.30 overnight on August 11, while 10-year futures fell 13 ticks to 106.12. The declines followed a sharp surge in international crude oil prices, with WTI September contracts climbing 5.05% to $82.13

According to Jin10 Futures, overnight on August 10, the 30-year U.S. Treasury yield hit 5.27%, reaching its highest level in 19 years. The 10-year Treasury yield climbed to 4.75%, approaching the 5% mark, as U.S. Treasury Secretary Beasent coordinated with Japan on yen

U.S. stock indices ended lower on Monday (August 9) as oil prices jumped, stoking rate hike concerns ahead of key inflation data this week. The S&P 500 fell 0.1%, the Nasdaq 100 slipped 0.3%, and the Dow Jones Industrial Average declined 0.1%, while related futures remained largely unchanged.

Lithium carbonate futures stabilized on August 10, with the LC2609 contract closing at 146,360 yuan per ton, up 6.24% over six trading days, according to traders familiar with the market. The price recovery marks a stabilization following July's sharp decline of nearly 20%, driven by bearish