Commodities (Crude Oil & Copper) & Macro Outlook

According to Jinlian Petrochemical, as of the 7th trading day of Sept. 21, China's gasoline and diesel retail prices are set to rise on Sept. 24 as crude oil maintains strength. Reference crude averaged $103.55 per barrel with a change rate of 10.05%. Gasoline and diesel prices are expected to

According to India's Trade Minister Piyush Goyal, on Monday, September 21, India is studying details of U.S. tariff measures targeting Russian oil buyers. The U.S. House has passed a major sanctions and tariff bill aimed at increasing economic pressure on Russia over the Ukraine war. The

South Korea's power grid infrastructure requires 73 trillion won in investment by 2038 to meet surging electricity demand from artificial intelligence data centers and semiconductor clusters, according to the 11th Long-term Transmission Plan cited by NICE Credit Rating. Korea Electric Power

According to an announcement from Guangzhou Futures Exchange on September 21, the exchange will adjust trading limits and margin standards for four futures contracts effective September 29, 2026. Effective changes include: Industrial Silicon futures limit adjusted to 10% with

According to the European Central Bank, wholesale natural gas price increases may transmit to gas inflation faster than in the past, but the transmission to electricity prices remains relatively weaker.

According to JPMorgan Chase, SC crude oil has retreated over 20% since September 14, with the contract once plunging 6% on Monday. Brent crude fell to 96.97 USD/barrel while WTI crude dropped to 93.58 USD/barrel intraday. The pullback reflects a shift in market focus: geopolitical easing signals

JP Morgan stated in a recent report that it cannot provide a clear baseline forecast for the oil market following the outbreak of the Iran war, marking the first time the firm has expressed such uncertainty. Analysts led by Natasha Kaneva, Global Head of Commodity Strategy, wrote they 'do not know h

According to JP Morgan's latest report released today (September 21), the investment bank has abandoned its baseline oil price forecast for the first time since Iran's war outbreak, citing difficulty in modeling the conflict's trajectory. Brent crude has surged past $100 per barrel, with prices

According to Swiss government, Switzerland's only refinery resumed operations last week.

According to China's Foreign Ministry spokesman Guo Jiakun on September 21, Beijing reaffirmed its commitment to maintaining global supply chain stability for critical minerals, responding to U.S. allegations that China has not fully restored rare earth supply. The ministry stated that both China an

According to Jin10 futures data, as of 15:22 on September 21, China's major futures contracts saw mixed capital flows. Top inflows included 30-year Treasury futures (2612) with 808 million yuan, followed by lithium carbonate futures (2701) at 710 million yuan. On the outflow side, gold futures (2610

According to France's finance minister, targeted fuel subsidies will likely be extended from October 1, but the government will not introduce broad-based fuel tax reductions like other European countries. The minister said additional subsidies would probably be auto-renewed based on means testing, b

According to Jin10, on September 21, Shanghai Futures Exchange released energy and chemicals warehouse receipts data. Pulp futures warehouse receipts declined 2,763 tons to 399,314 tons, while oil asphalt factory receipts fell 1,310 tons to 79,690 tons. Most other positions, including gazetted

According to Shanghai Futures Exchange data released on September 21, industrial metals warehouse receipts showed mixed movements. Copper futures receipts fell to 22,308 tons, down 4,347 tons from the previous trading day. Aluminum futures receipts declined to 178,127 tons, down 6,275 tons. Zinc fel

According to Naftogaz, Poland-based petrochemical producer ORLEN will supply three batches of liquefied natural gas to Ukraine beginning in the first quarter of 2027.

From 06:30 to 06:45 (UTC) on September 21, 2026, BTC fell from 81,841.2 USDT to 81,405.0 USDT over 15 min, with a Return of -0.50%, an amplitude of 0.53%, and a Filled Amount of just 89.65 BTC. Both price volatility and trading volume were extremely low, indicating limited market participation, while bulls and bears briefly reached equilibrium around $81,400. The primary driver of this pullback was that, after the FED raised rates by 25 bps in September, the expected probability of another rate

According to Jin10 Futures, China SC crude oil futures fell over 6% today, hitting 701 yuan per barrel as geopolitical risk premium unwound rapidly. The selloff was triggered by de-escalation signals from the Middle East, with the U.S. and Iran reportedly signaling willingness to negotiate through

According to JPMorgan Chase strategists led by Mislav Matejka, strong profit margins, expanding earnings growth, and robust corporate balance sheets continue supporting further stock gains before year-end, despite near-term headwinds. The team stated that recent market pullbacks driven by Brent

According to KazTransOil, the state-owned oil pipeline operator of Kazakhstan, oil shipments through Novorossiysk increased 27.8% in August to 460,000 tons.

According to KazTransOil, Kazakhstan oil exports through the Russian port of Ust-Luga declined 30% in August compared with July, with shipments totaling 200,000 tons.