Commodities (Crude Oil & Copper) & Macro Outlook

Korean treasury bond yields showed mixed movements on September 22, tracking fluctuations in international oil prices. The 3-year Korean treasury yield closed at 4.040%, down 1.6 basis points from the previous trading day, while the 10-year yield rose 0.4 basis points to 4.461%. The mixed

According to Yonhapnews, on Sept 22, South Korea's government bond yields showed mixed moves driven by international oil price fluctuations. The 3-year maturity yield closed at 4.040% annually, down 1.6 basis points, while the 10-year yield rose 0.4 basis points to 4.461%. The moves followed a

According to LME data released on September 22, copper stockpiles decreased by 1,625 tons. Among other metals tracked by the London Metal Exchange, lead inventories fell 3,025 tons, zinc declined 2,125 tons, tin dropped 135 tons, and aluminum fell 75 tons, while nickel inventories rose 102 tons.

According to Ukraine, the country's forces attacked Russia's Kubyshev oil refinery on September 22. The refinery is a major energy infrastructure facility in southwestern Russia.

According to Jin10 Data, on Tuesday, September 22, oil prices rose for the first time after five consecutive days of decline, with energy stocks gaining 0.4%. European markets opened mixed as investors monitored potential U.S.-Iran negotiations expected during this week's United Nations General

The Dollar Index declined 0.08% to 100.325 as of 2:08 PM in Asian trading, according to Yonhap Infomax. Overnight, Federal Reserve officials delivered hawkish remarks on inflation and monetary policy. Chicago Federal Reserve President Austan Goolsbee stated that strong demand is contributing to

According to Jin10, Canada's Foreign Minister Anita Anand stated on September 21 that Canada may explore liquefied natural gas (LNG) export cooperation with France from its Pacific coast. Speaking during a UN

According to Jin10 Futures, on September 22, Shanghai Futures Exchange energy and chemical futures warehouse inventories showed mixed movement. Pulp warehouse inventory declined to 398,100 tons, down 1,214 tons from the previous trading day. Petroleum asphalt warehouse inventory fell to 610 tons, do

According to South China Morning Post on September 22, the U.S. and China have reached a point of mutual technological dependence in the AI and semiconductor sectors. China controls approximately 90% of rare earth processing and 60% of mining operations, positioning these as leverage in the tech

According to Shanghai Futures Exchange (SHFE), on September 22, major base metal warehouse receipts showed mixed movement. Aluminum fell 8,732 tonnes to 169,395 tonnes, copper declined 1,503 tonnes to 20,805 tonnes, and zinc dropped 2,273 tonnes to 89,236 tonnes. Silver warehouse receipts

UBS identified Asian emerging market bonds and gold as attractive investment opportunities amid elevated global bond yields, according to statements made on CNBC on the 21st local time. Adrian Zuercher, UBS Global Asset Allocation co-head, stated the firm is focusing on Asian emerging markets

According to South Korea's Financial Supervisory Service, on September 22, commodity-tracking exchange-traded products (ETPs) with leveraged and inverse structures face heightened risks amid geopolitical tensions affecting raw material prices. The regulator highlighted that WTI crude oil leveraged E

At the noon close on September 22, China's domestic commodity futures showed mixed performance. Container shipping routes to Europe (集运欧线) led gainers with a surge exceeding 4%, while lithium carbonate and polysilicon rose over 2%. Glass gained nearly 2%, and copper, benzene, eggs, and natural

Korean ETF market investors shifted focus to crude oil and nuclear energy funds during the one-month period from August 21 to September 21, as both sectors delivered double-digit returns while KOSPI index momentum slowed after breaking the 7000 level. The reallocation occurred amid rising

According to Russia's Defense Ministry (via TASS), Russian forces attacked an oil refinery in Kremenchuk, Ukraine, today (September 22).

According to Hungarian oil and gas company MOL Plc, the Danube refinery's AV3 unit has completed construction and repair work following fire damage sustained last fall. The unit was damaged during a fire incident in autumn 2025 and has now been fully restored to operational

According to Korean Stock Exchange data, South Korean crude oil and nuclear power-related ETFs recorded double-digit gains over the past month (Aug 21-Sep 21) as energy markets rallied. KODEX WTI Crude Oil Futures (H) rose 15.11% and TIGER Enhanced Crude Oil Futures (H) gained 14.85%, driven by

According to Longzhong Information, ethylene glycol (EG) futures fell over 5% intraday today, hitting a one-week low of 5,752 yuan/ton, as crude oil retreated sharply and Middle East geopolitical premiums eased. International oil prices broke below $100/barrel following diplomatic signals in the

According to Barclays, on September 22, Saudi Arabia's east-west oil pipeline halted earlier this month, highlighting risks to the Middle East's gradual oil production recovery. The bank warned that if the situation persists, international oil prices could rise approximately 50% from current

According to the Norwegian Petroleum Directorate, Norway's preliminary natural gas production in August reached 10.6 billion cubic meters, while oil production totaled 1.881 million barrels per day.