Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, China's Shenao Natural Gas Co., Ltd. and Trafigura Private Limited signed a non-binding Memorandum of Understanding on September 15. Under the MOU, the two companies will explore cooperation opportunities in liquefied natural gas (LNG) trade and related facility services on a non

The USD-KRW exchange rate closed at 1,368.60 won at 3:30 PM on September 16, up 9.20 won from the previous Seoul trading session close. The pair surged to an intraday high of 1,372.90 won at 9:47 AM—marking its first breach of the 1,370 level since the past 2nd, or 10 trading days prior—driven by se

According to Jin10, on September 10, China's National Energy Administration Director Wang Hongzhi met with Brunei's Minister of Energy and Upstream/Downstream Affairs Muhammad Zimi in Beijing. The two sides exchanged views on Asia-Pacific Economic Cooperation energy cooperation, oil and gas

According to the Congressional hearing on September 15, U.S. Treasury Secretary Bessent faced intense questioning from Democratic lawmakers over rising borrowing costs and energy prices. The 10-year Treasury yield surged above 5% and 30-year mortgage rates broke through 7%, while gasoline prices

According to Jin10, Chinese Foreign Minister Wang Yi held talks with Iranian Foreign Minister Araghchi on September 16, 2026 in Beijing. Wang urged all parties to take effective measures to reopen the Strait of Hormuz and maintain international maritime safety and energy supply stability. He

According to Jin10, Asian refiners are considering reducing their operating capacity and preparing for possible fuel export restrictions on September 16, as escalating Middle East conflicts push crude prices higher and deplete inventories. Indian refiners face particular pressure to cut production d

According to Jin10, European stocks ended a two-day decline on September 16, supported by falling oil prices and reduced bond selling as traders awaited the Federal Reserve's interest rate decision later today. The market has struggled to gain momentum since August highs amid energy price

NICE Credit Rating analysts assessed industry credit outlooks at the Credit Seminar 2026 held at Korea Exchange on September 16. Senior researcher Kwon Jun-seong stated that the government's 8.13 real estate policy, which adds over 230,000 housing units to the Seoul metropolitan area including

According to Gate data, Brent crude oil (XBRUSD) fell to $107.94 per barrel in 24 hours, down 0.4%.

According to Jin10 Futures, China's commodity futures markets showed structural divergence on September 16 at close. Oil & fat, precious metals, and chemicals chains maintained upward momentum, while soft commodities and coal sectors turned to

According to EU Commission President Ursula von der Leyen, the Iran conflict has increased EU fossil fuel import costs by an additional €90 billion. She emphasized the need to complete single market reforms by the end of 2027 to strengthen the bloc's economic

According to Jin10 Data, European natural gas traded near €81 per megawatt-hour on September 16, maintaining its highest levels since 2022 as supply tensions and Middle East geopolitical risks persist. Regional storage facilities are 68% full, with Germany—Europe's largest energy market—at

According to Jin10 Futures, as of 3:20 p.m. on September 16, China's futures markets experienced mixed capital flows. In inflows, soybean meal (Sep 2701) led with 1.206 billion yuan, followed by coking coal (Sep 2701) with 529 million yuan and crude oil (Nov 2611) with 341 million yuan. On the

According to data from the Fujairah Oil Industrial Zone (FOIZ), refinery product stocks in Fujairah, UAE, fell to 6.458 million barrels for the week ending Sept 14, down 3.524 million barrels from the previous week.

According to Vedomosti, Russia's government decided on September 16 to extend its diesel export ban on producers through October 31, 2026, according to sources cited by the Russian media outlet. The decision was made following a September 14 meeting chaired by Deputy Prime Minister Novak, aimed at s

According to Mitsui O.S.K. Lines chairman Takeshi Hashimoto on September 16, the Japanese shipping company has suspended LNG tanker transits through the Strait of Hormuz, citing near-zero prospects for near-term recovery amid ongoing regional tensions. Hashimoto stated: "As long as this situation co

On September 16, Shanghai Futures Exchange (SHFE) reported warehouse receipt movements for major base metals: copper futures warehousing increased 1,095 tons to 32,945 tons; aluminum futures decreased 6,802 tons to 195,220 tons; zinc futures fell 954 tons to 95,033 tons; lead futures declined 377 to

According to Jin10 Futures, the Shanghai Futures Exchange released its daily energy and commodity inventory report on September 16. Pulp futures warehouse inventory stood at 418,316 metric tons, up 983 tons from the previous trading day. Factory-based inventory for pulp remained flat at 20,000 metri

WTI crude oil futures fell below $104 per barrel intraday on September 16, declining 1.41% on the day.

Gold traded at $4,326.17 per ounce on 16 September 2026, up $33.87 or 0.79 percent, as the Federal Reserve prepared to announce its policy decision at 2:00pm ET the same day. Markets priced a 25 basis point rate hike at between 85.6 percent