Commodities (Crude Oil & Copper) & Macro Outlook

US stock index futures edged higher in Asian morning trading on the 16th ahead of the FOMC rate decision. E-mini S&P500 futures rose 0.10% to 7,664.00, while E-mini Nasdaq100 futures gained 0.11% to 29,279.50, reflecting investor caution. The modest gains followed overnight declines in New York

According to Reuters shipping data, commodity vessels transiting the Strait of Hormuz remain in single digits. The report reflects ongoing constraints on commercial shipping through the critical waterway.

According to U.S. Energy Secretary Chris Wright in a CNBC interview on September 15, Saudi Arabia's East-West crude pipeline, which was damaged by a drone attack originating from Iraq, will resume operations within days. Wright attributed

From 02:15 to 02:30 (UTC) on September 16, 2026, BTC posted a slight 0.37% Short-term gain over 15 min, with a price range of 75649.2–75937.6 USDT and an Ampl of 0.38%. Despite the modest Short-term rebound, the Order Book microstructure showed significant selling pressure: the top-five-level buy-to-sell depth ratio was only 0.17, with sell orders totaling approximately six times the volume of buy orders, indicating that the overall market remains in a clear downtrend. The primary driver of this

According to Jin10, on September 16, Jera, Japan's largest power producer's LNG unit, is seeking to expand long-term exports of the fuel as Asian buyers increasingly turn to alternative suppliers. The move comes as Middle East conflict disrupts liquefied natural gas shipments through the Strait of

According to Jin10, on September 16, copper prices held steady as traders awaited the Federal Reserve's rate decision. London Metal Exchange futures rose modestly, with prices still significantly down from last week's record highs driven by tariff speculation. Certified LME warehouses saw

WTI crude oil declined more than 1% during intraday trading on September 16, falling to $99.92 per barrel. Brent crude lost 0.84%, trading at $104.1 per barrel.

According to Jin10 on September 16, Bolivia announced on September 15 it would triple its government fuel purchasing fund from 2 billion to 6 billion Bolivianos ($500 million) to maintain stable fuel supply amid diesel shortages and price increases. Peru's President Keiko Fujimori approved

US diesel prices reached a record high of $6.27 per gallon, according to the Wall Street Journal. Prices surpassed $6 per gallon for the first time last Friday, marking a sharp increase from $3.69 per gallon a year ago. The surge is attributed to the ongoing conflict in Iran and a tightening of

India’s Ministry of Commerce and Industry released its August foreign trade data on Sept. 15. Total exports of merchandise and services for the month rose 25.41% year over year to $82.68 billion; merchandise exports rose 26.12% year over year to $43.81 billion, the highest level in nearly 10 years. Gold imports fell approximately 58% year over year to $2.3 billion, saving India approximately $3.14 billion in Forex expenditures in a single month. India’s Merchandise Exports Reached $43.81 Billion

According to Peru's Central Bank, the country exported 231,900 tons of copper, 16,720 tons of lead, and 88,300 tons of zinc in July 2026. The same month, Peru also exported 657,900 ounces of gold and 6 million ounces of refined

According to Guru Club, lithium carbonate futures contracts declined 4% on Sept 16, currently trading at 124,320 yuan per ton.

Liquefied petroleum gas (LPG) futures surged 4% intraday today, climbing to 7,339 yuan per ton.

Latvian airline airBaltic voluntarily filed for U.S. Chapter 11 bankruptcy protection in New York on September 14 to restructure its debt and address the industry crisis caused by the Iran war. The filing also secured a €350 million ($405 million) DIP financing commitment at an interest rate of approximately 12%, pending court approval. The Iran war doubled aviation fuel prices, serving as the immediate trigger for the filing. Filing Background: Iran War Doubles Fuel Costs The war between the Un

According to Jin10, on September 11, Wang Hongzhi, director of China's National Energy Administration, met with Fatih Birol, executive director of the International Energy Agency (IEA), in Beijing. The two sides signed the "Three-Year Cooperation Plan between the National Energy Administration of th

South Korea reduced its dependence on Middle Eastern crude oil to the 50% range during May-July, according to President Lee Jae-myung's announcement on the 16th, as geopolitical tensions in the Middle East drove international oil prices higher. Ministry of Trade, Industry and Energy data showed

According to South Korean government statistics released on September 16, the country's crude oil import dependency on the Middle East dropped to 60.31% in July 2026, down 9.23 percentage points from 69.54% a year earlier. Non-Middle Eastern crude oil imports surged to 51.5% of total volumes

Bitcoin (BTC) weakened further, trading at around $75,900 on September 16. The CLARITY Act failed to pass a vote in the U.S. Senate, with its probability of passing this year falling to the single digits. Veteran U.S. Crypto lawyer Jake Chervinsky said, “Bad legislation is worse than no legislation.” Kazakhstan announced that it would establish a national Crypto analysis center. Macro Events & Crypto Highlights The U.S. Senate held a procedural cloture vote on the CLARITY Act. The vote required

According to Jinlian Create, on September 16, China's refined oil market showed a change rate of 10.94%, with benchmark crude at $104.39 per barrel. Gasoline and diesel are expected to rise 635 yuan per ton, with the pricing adjustment window on September 24 at 24:00.