Commodities (Crude Oil & Copper) & Macro Outlook

Low-sulfur fuel oil (LU) futures contracts surged 2.10% intraday on June 3, trading at 4,871 yuan per ton. Liquefied petroleum gas (LPG) futures climbed over 2.00% on the same day, reaching 5,830 yuan per ton.

According to the Silicon Industry Association, domestic polysilicon output is expected to increase to 90,000-91,000 tons in June. N-type recovered ingot (rod-shaped silicon) saw average transaction prices of 34,700

According to CME data on June 2, energy futures volumes and open interest declined in tandem. WTI crude oil volume fell 203,624 contracts to 713,663 hands, with open interest down 2,953 contracts to 2,025,957 hands. Brent crude dropped 40,654 contracts to 128,775 hands, while open interest fell 21,0

According to Indonesia's upstream regulator, the country's crude oil production reached 576,200 barrels per day from January to May, while natural gas production stood at 6.55 billion cubic feet per day during the same

According to the Japan Petroleum Association (PAJ), commercial crude oil inventories rose to 10.017 million kiloliters as of May 30, up 537,049 thousand liters from the previous week's 9.4797 million kiloliters. The refinery operable capacity utilization rate (BPSD) fell to 79.1% from 82.1%, while d

Palm oil futures opened more than 1% higher on the first trading day after the holiday on June 2, supported by the rollout of B15 biodiesel policy and strength in crude oil prices. However, market gains faced headwinds from rising production expectations and elevated inventory

According to Petronas (Malaysia National Oil Company) documents, the country set its official crude price for May at a premium of $126.80 per barrel.

According to Iran's state broadcaster IRIB, a new round of strikes against U.S. military bases in Kuwait and Bahrain began on June 3. WTI crude and Brent crude both rose 2% intraday amid the developments.

According to CCTV News, Maersk, the Danish shipping giant, has suspended vessel transits through the Strait of Hormuz due to escalating geopolitical tensions, shifting cargo to land-based transport routes. The company's Chief Commercial Officer Carsten Kildal stated that additional operational

WTI crude oil futures broke through $95 per barrel on Wednesday (June 3), marking the third consecutive trading day of gains. The price surge reflects escalating geopolitical risk premium amid uncertainties surrounding ongoing U.S.–Iran peace talks. U.S. industry data showed crude oil inventories d

Para-xylene (PX) futures main contract rose more than 2% intraday on June 3, trading at 8,996 yuan per ton.

According to Vietnam's General Statistics Office on June 3, Vietnam's May trade deficit widened to $5.21 billion, significantly exceeding the median forecast of $3.98 billion and April's $3.28 billion deficit. The widening deficit reflects surging import costs driven by Middle East tensions that

According to Shanghai Steel United, battery-grade lithium carbonate (MMLC) prices dropped 2,750 yuan/ton to 172,200 yuan/ton today (June 3), marking a 1.57% decline from yesterday's close at 16:30.

Vietnam's exports rose 18% year-over-year in May, falling short of the forecasted 19.7% growth and down from the prior month's 21% increase.

On June 3 morning, China's commodity exchange-traded funds showed mixed performance. Citic Energy and Chemical Futures ETF rose nearly 1%, while China Pacific Silver Futures ETF (LOF) declined over 3%. Gold ETFs, including those from Nanyuan, E Fund, and Bosera, fell

As of 09:30 Beijing time on June 3, WTI crude oil futures rose 1.13% while U.S. natural gas futures held flat, according to real-time energy futures data.

Bitcoin (BTC) sees a cascading sell-off, with a temporary quote of around $66,878 as of June 3. The U.S. Securities and Exchange Commission (SEC) released a draft strategy plan: to provide a regulatory foundation for digital assets, clearly defining the division of authority with the Commodity Futures Trading Commission (CFTC). A UK House of Lords committee urges the country’s central bank to reconsider proposed restrictions on stablecoin holdings. Macro Events & Crypto Market Hotspots The U.S.

According to Gate's latest data, WTI crude oil rose 0.61% today (June 3), reaching $96.55 per barrel. Brent crude oil fell 0.03% to $99.27 per barrel.

According to Tianfeng Securities research note on June 3, coal chemical industry profits may enter an upward cycle. The firm cited tight coal-oil price ratios amid sufficient domestic coal supply and structural support for crude oil prices from ongoing geopolitical tensions, which could widen

According to Jin10, Japan's Cabinet approved a 3.1 trillion yen ($19.4 billion) supplementary budget on June 3 to mitigate inflation effects from Middle East geopolitical tensions. The package includes a 2.5 trillion yen reserve fund aimed at offsetting commodity price increases through subsidies,