Commodities (Crude Oil & Copper) & Macro Outlook

On June 4 at market close, multiple China-focused commodity ETFs declined. Xinhua Energy and Chemical Futures ETF led losses with a drop exceeding 2%, while Huaxia Soybean Meal Futures ETF, Dachengrui Non-Ferrous Metals Futures ETF, and Guotai Silver Futures (LOF) each fell over 1%. Guolian An

According to China's National Development and Reform Commission (NDRC), domestic gasoline and diesel (standard grade) prices will be reduced by 525 yuan and 505 yuan per ton, respectively, effective June 4 at

According to Jin10 data, as of May 29, the U.S. EIA strategic petroleum reserve inventory reached its lowest level since the week of January 19, 2024. Crude oil inventory recorded its largest weekly decline since the week of February 13, 2026, signaling tightening supply conditions in the American e

According to Jin10 Data, HSBC released its Q3 2026 Global Investment Outlook on June 4, favoring investment-grade bonds to capture coupon yield alongside emerging market local currency debt. The bank highlighted that gold remains an effective hedge and diversification tool, while infrastructure inve

The Shanghai Containerized Freight Index (Europe route) main contract dropped sharply today, touching 3,600.0 points with an intraday decline of 3.38%.

According to Ukrainian President Volodymyr Zelenskyy, Ukraine conducted overnight drone attacks on major Russian military and energy facilities on June 3, including the Saint Petersburg oil terminal located approximately 1,100 kilometers from the Ukrainian border. Zelenskyy stated on X that the

India's Bharat Petroleum Corporation reported in May that gasoline sales grew 4.29% year-over-year, while diesel sales increased 6.72% over the same period.

According to CME data released on June 3, precious metals and energy futures showed mixed activity. Gold futures logged 119,880 contracts traded with 328,103 open interest, up 9,688 and 2,051 contracts respectively; silver futures recorded 42,978 traded and 103,235 open interest, rising 3,564 and 42

From 05:00 to 05:15 (UTC) on June 4, 2026, BTC fell 0.69% within 15 minutes. The price ranged from 63,715.5 to 64,399.9 USDT, with a 1.06% amplitude. Bitcoin continued to show weakness in Asian trading. During the session, it briefly broke below the $62,000 level, market sentiment cooled sharply, and volatility increased significantly. The main driver behind this move is a macro shock triggered by an escalation in geopolitical conflict. After U.S. airstrikes on Iran’s Abbas Port on June 3, the I

According to The New York Times, on June 4, full recovery of the Strait of Hormuz to normal shipping operations will require considerable time even if the U.S. and Iran reach a peace agreement, as security risks and war insurance costs have surged significantly, preventing global energy trade from r

According to Jin10, copper and aluminum prices declined on Thursday, June 4, as Middle East ceasefire prospects remained uncertain and technology stock declines weighed on market sentiment. Israel and Lebanon agreed to conditional ceasefire terms, though the outlook depends on Hezbollah halting

Today, President Trump downplayed the threat of mines in the Strait of Hormuz, telling reporters the U.S. military has 'cleared most of them.' He stated the waterway would open 'immediately' once Iran signs a memorandum of understanding to cease armed hostilities and following mine-clearing

According to Guru Club, most Chinese domestic commodity futures fell during morning close on June 4, with palladium and lithium carbonate dropping over 3%, bottle-grade PET declining nearly 3%, and nickel, stainless steel, alumina, natural rubber (NR), and polyvinyl chloride (PVC) falling over 2%.

Oil prices retreated to around $95 per barrel on Thursday after three consecutive trading days of gains, as investors assessed mounting tensions between the United States and Iran. The escalation followed U.S. strikes on an oil tanker bound for Iran on Tuesday, prompting Iranian counterattacks on U.

According to CFTC Chairman Mike Selig, the agency rescinded its 'no-deny' settlement policy on June 4, 2026, providing it with greater flexibility when resolving enforcement actions.

According to CFTC Chairman Mike Selig, the Commodity Futures Trading Commission rescinded its 'no-deny' policy today (June 4), which previously restricted the agency's flexibility when settling enforcement actions. The change provides CFTC with greater discretion in settlement

According to Shanghai Steel Union data, on June 4, battery-grade lithium carbonate (MMLC) midprice early session reference stood at 168,200 yuan/ton, down 1,750 yuan/ton from the previous day's 4:30 PM

Robert Kiyosaki, author of Rich Dad Poor Dad, questioned in a June 2 post on X how a government that 'takes 40% of everyone's money' still accumulates trillions in debt. The post linked tax burden, federal spending, and public distrust in a critique of U.S. fiscal policy. U.S. public debt stood

According to Jin10, China's refined oil prices are set to drop on June 4, marking the second price cut this year. Based on commodity data provider Chuangcui Oil, the ninth working day reference crude oil change rate stands at -12.08%, with an estimated decline of 535 yuan per ton. Analysts