Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, the Shanghai Containerized Freight Index Europe line main contract rose over 6% intraday on September 17, reaching 2173.0 points.

WTI crude oil fell below $96 per barrel intraday on September 17, declining 1.54%, while Brent crude dropped to $100.4 per barrel, down 1.6% for the day.

According to Jin10, in week 38 of 2026, China's independent refineries produced 2.2054 million tons of finished oil products, down 0.6664 million tons from the previous week. Gasoline output was 0.6717 million tons, down 0.0312 million tons week-over-week, while diesel production totaled 1.5337 mil

SC crude oil futures contract fell 6% during today's trading session, with prices now at 788 yuan per barrel.

According to Jin 10 Futures, on September 17, China's bonded bunker fuel sample port commercial inventory stood at 811,000 tonnes, down 47,000 tonnes from the previous period, representing a 5.48% decline. The sample ports include Zhoushan, Qingdao, and

According to CME data on September 16, precious metals showed broad strength while crude oil trading cooled. Gold volume reached 285,219 contracts with open interest at 413,245, up 117,265 and 3,346 from the prior session respectively. Silver volume totaled 62,497 with open interest of 103,797,

According to India's Ministry of External Affairs, following the U.S. House of Representatives' passage of legislation imposing sanctions on Russian oil buyers, New Delhi expressed concern that the measure could harm bilateral relations and disrupt global energy

According to Jin10 Futures, on September 17, China's independent refineries held 1.6794 million tons of finished oil inventory, up 4.22 million tons from the previous week, with total utilization rate at 15.60%. Gasoline inventory increased by 2.8 million tons with a utilization rate of 13.67%,

According to Reuters, on Tuesday, Russian Urals crude surged above $110 per barrel, supported by strong demand and firm Brent oil prices. This follows reports that Saudi Arabia's east-west pipeline suffered damage to pump stations 8 and 9 in last week's attack; the kingdom is seeking to restore

According to Bitcoin.com News, Polish energy firm Orlen's trading subsidiary lost up to $424 million on a Venezuelan crude oil deal that was canceled in March 2024. The company had paid $230 million in USDT prepayment to Dubai-based middleman Hannon International, but received only

According to analysts Yulia Zhestkova Grigsby and Daan Struyven, Goldman Sachs adjusted its trading strategy on September 16, moving focus from diesel to gasoline as global fuel supply tightness widens. The bank cited refiners redirecting production from gasoline to diesel, rapidly tightening the ga

According to Bloomberg Chief Economist Anna Wong, Fed Chair Powell outlined three key metrics he is monitoring to assess economic conditions and inflation: the share of PCE components with inflation above 3%, the second derivative of AI capital spending (whether investment growth is accelerating or

On Sep 17 morning close, China domestic futures main contracts showed mixed movements. Lithium carbonate led gains with a surge exceeding 4%, followed by rapeseed meal up over 3% and container shipping (Europe route) and plywood up over 2%. Soybean meal rose nearly 2%, while asphalt, 20 rubber, and

According to Jin10, on September 17, Catherine Brooks, research director at a UK financial institution, stated that the latest CPI data supports the Bank of England's "hawkish pause." However, the real inflation shock may emerge in September. Brooks noted that raw material costs rose 6.1%

BMO's chief FX strategist Mark McCormick stated in a recent report that the Goldilocks scenario is collapsing, according to Business Insider on the 16th local time. McCormick cited persistent inflation, high interest rates, and simultaneous economic slowdowns in the US and China as factors

According to Jin10 data, on September 17, traders downplayed the Federal Reserve's hawkish signals following the widely expected rate hike, with copper prices stabilizing as LME copper futures showed limited movement despite a stronger U.S. dollar. Demand from data centers and renewable energy

According to September reports from OPEC, EIA, and IEA, forecasts for 2026 crude oil demand diverge sharply, with OPEC predicting modest growth while EIA and IEA project contraction, with IEA making the largest downward revision. For 2027, the three institutions' demand recovery expectations have be

According to Shanghai Metals, MMLC battery-grade lithium carbonate rose to 128,850 yuan/ton today (September 17), up 1,250 yuan/ton from the previous day's 16:30 close.

The Hong Kong SAR Government released its Policy Address on September 17, announcing that the SFC will improve the regulatory framework for tokenized investment products and promote the issuance and trading of gold and other suitable tokenized RWAs on licensed platforms. The HKMA will test the tokenized operation of Exchange Fund Bills, with a Total value of more than HK$1.3 trillion, by the end of the year to help banks use these bills efficiently around the clock. The EnsembleTX platform’s CBD

According to the Wall Street Journal citing sources familiar with the matter, on September 16, ExxonMobil is nearing a preliminary agreement with Venezuela's state oil company PDVSA to invest in multiple oil fields containing over 50 billion barrels of crude. The companies are expected to sign a