Commodities (Crude Oil & Copper) & Macro Outlook

According to CME data on September 15, energy and precious metals contracts showed mixed trading and positioning activity. Gold saw a dip in trading volume to 167,954 contracts but open interest rose to 412,628 contracts, up 2,560 contracts from the prior day. In contrast, silver (32,643 contracts t

According to Jin10 Data Center, the Chicago Mercantile Exchange (CME) metal commodity trading volume report has been updated on September 15.

According to Yonhapinfomax, President Lee Jae-myung conducted summit talks with the leaders of Kyrgyzstan and Tajikistan on September 16, signing a combined 35 MOUs and agreements. With Kyrgyzstan, 18 agreements were signed; with Tajikistan, 17 agreements were finalized. The cooperation

Bank of Korea announced on the 16th a restructuring of its foreign asset delegation portfolio, shifting approximately $1 billion from developed market stocks to global bonds among domestic asset managers. The rebalancing affects three domestic asset management firms and represents a strategic

According to Reuters, Germany's economy minister plans to use market incentives to encourage traders to hold more available natural gas this winter while avoiding direct government purchases. The policy aims to bolster gas reserves ahead of the winter

According to Equinor, European Union natural gas storage is expected to reach approximately 75% capacity by November.

According to Reuters, Saudi Arabia is currently using ship-to-ship transfers near Oman's Sohar port to increase crude oil shipments to Asian refiners, following attacks on critical oil pipelines leading to the Red Sea. Sources familiar with the matter indicated the kingdom is redirecting supply

According to Yonhap Infomax, the USD-KRW exchange rate climbed to 1,370.10 won as of 11:12 AM KST on September 16, up 10.70 won from the previous close. The rally reflects expectations of a 25-basis-point rate hike by the U.S. Federal Reserve, alongside a surge in international crude oil prices,

According to Yonhapinfomax, South Korea's government bond yields fell on September 16 as markets awaited the September Federal Reserve policy decision. The benchmark 3-year government bond yield declined 1.6 basis points to 4.081%, while the 10-year yield fell 3.6 basis points to 4.564% as

According to Oman Maritime Security Center, oil tanker Algarya caught fire after being struck in the southern Hormuz Strait on September 15 and is being towed to an Omani port. Two crew members remain missing. Iran's Islamic Revolutionary Guard Corps stated the vessel struck a mine while

Dell Technologies Inc. (DELL), CrowdStrike Holdings Inc. (CRWD), and Chevron Corp. (CVX) stocks jumped to 52-week highs on Tuesday. DELL closed up nearly 2% following CFO David Kennedy's remarks at Citi's TMT conference, CRWD closed 3% higher on artificial intelligence safety concerns, and CVX

According to Zhuochuang Consulting, the spread between southern and northern low-sulfur 180CST bunker fuel widened to 150 yuan per ton as of Sept 15, expanding by 75 yuan from the previous period. Southern bunker prices surged to 6,900 yuan per ton, up 525 yuan, while northern prices reached 6,750 y

According to Jin10 Futures, as of 11:33 AM on September 16, Chinese domestic futures main contracts recorded mixed capital flows. Soybean meal (2701) led inflows with 918 million yuan, followed by coking coal (2701) at 536 million yuan and crude oil (2611) at 284 million yuan. On the outflow side, C

In early trading on September 16, China's commodity futures saw mixed gains, with PET bottle flakes and rapeseed meal leading gains at over 3%. Soybean meal, Shanghai silver, and ethylene glycol (EG) rose over 2%. On the downside, lithium carbonate and rapeseed fell over 2%, while Shanghai nickel, c

According to the U.S. Coast Guard, American military and Federal Bureau of Investigation personnel boarded a foreign-flagged oil tanker on August 21 to investigate a cyber attack. The vessel, which was heading toward Texas, had shown signs of network intrusion by overseas cyber attackers. Coast Guar

According to Japan's Petroleum Association (PAJ), Japan's commercial crude oil inventory totaled 10.45 million kiloliters for the week ending Sept. 12, down 1,158 kiloliters from 10.45 million kiloliters the prior week. Refinery operating capacity utilization rose to 87.2% from 82.9%, while design c

According to Jin10 Futures, China's liquefied petroleum gas (LPG) prices reached 7,466 yuan per ton as of September 15, up 1,249 yuan from the end of August. The price has broken through both the Q2 high and the highest level recorded since the Russia-Ukraine conflict

Crude oil and related futures contracts declined on September 16. SC crude oil futures fell 1.10% to 827 yuan per barrel, while asphalt gained 1.62% to 5,713 yuan per ton. Low-sulfur fuel oil rose 0.46% to 5,650 yuan per ton, and fuel oil dropped 0.40% to 4,464 yuan per ton.

According to Shanghai Steelhome data reported by Guru Club, MMLC battery-grade lithium carbonate fell 2,750 yuan/ton to 128,600 yuan/ton at early morning midpoint pricing today (Sept 16), compared to the 16:30 price from the previous day.

WTI crude oil futures declined 1.00% during today's session, trading at $104.42 per barrel.