Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Shandong independent refineries' primary distillation units averaged 50.70% operating rate in July, down 0.72 percentage points month-on-month. Looking ahead to August, several refineries including Wantong, Lianhe, Changyi, and Hongrun Technology plan to resume operations in

According to The Guardian, on August 4, extreme heat waves, droughts, and wildfires across Europe are reducing agricultural output and pushing up prices for olive oil and other key food products. In the UK, extra virgin olive oil prices have already exceeded 7 pounds per liter. The agricultural

President Lee Jae-myung on August 4 ordered a review of the Korea Mine Rehabilitation and Mineral Resources Corporation's supply chain role. The directive instructs relevant ministries to examine the organization's functions and investment systems to enable more active participation in securing

Saudi Aramco's Chief Executive Officer stated recently that a closure of the Strait of Hormuz would result in a loss of 100 million barrels of oil per week, highlighting the critical importance of the key shipping chokepoint for global energy

Saudi Aramco's CEO estimated yesterday that if the Strait of Hormuz were opened today, it would take up to 18 months to replenish depleted inventories at an average supply rate of 2.1 million barrels per day.

According to Jin10, Saudi Aramco's CEO warned today that geopolitical tensions are escalating, with unprecedented supply disruptions now occurring.

According to Jin10 Futures, on August 3, East China benzene prices declined with the range settling at 7,470-7,530 yuan/ton, down 80 yuan/ton from the previous trading day. Market sentiment weakened as trading activity contracted. Lower crude oil futures following geopolitical developments

According to Saudi Aramco's statement reported by Jin10 on August 4, the Saudi oil giant reported adjusted net profit of $33.4 billion in Q2, up 33% year-over-year and exceeding analyst expectations of $31.1 billion. The strong earnings were driven by elevated crude oil prices, with Brent crude

Saudi Aramco posted adjusted net income of 125.2 billion riyals in the second quarter, beating market expectations of 116.75 billion riyals. Operating profit reached 216.15 billion riyals, up 29% year-over-year, though slightly below the forecast of 230.58 billion riyals. Second-quarter revenue

Saudi Aramco reported a decline in refining and chemicals sales volume in the second quarter of 2026.

Youngpoong and MBK Partners announced today (August 4) they are withdrawing a lawsuit seeking to overturn resolutions from Korea Zinc's January 2025 extraordinary shareholders meeting. The partners stated they have achieved their original litigation objectives and decided to dismiss the case as part

According to Guru Club, Singapore iron ore futures fell to $92.85 per ton on August 4, marking their lowest level since late June 2025. The decline pushes pricing toward levels that may pressure higher-cost

Copper prices on the London Metal Exchange approached record highs on July 31, driven by surging demand from the United States and China for artificial intelligence infrastructure. Three-month copper futures traded at $13,791 per ton, nearing the all-time high of $14,527.50 per ton recorded on

According to Nikkei Asia, on July 31, the three-month copper futures contract traded at $13,791 per ton on the London Metal Exchange (LME), approaching the record high of $14,527.50 set on January 29. The surge reflects rising

According to South Korea's National Statistical Office, core inflation (food and energy excluded) reached 2.6% year-over-year in July, marking the highest level since December 2023. Meanwhile, headline CPI rose 2.8%, returning to the 2% range after two consecutive months above 3% in May and June.

According to State Street market executive Choi Ji-wook on August 4, the Bank of Korea's August interest rate decision remains uncertain, with market consensus favoring a hold in August followed by a 25 basis point increase in October. However, consecutive rate hikes are being considered as an

According to UBS on August 4, the investment bank believes energy flows through the Hormuz Strait will gradually recover rather than quickly rebound, supporting stock market gains alongside resilient earnings. UBS noted that U.S. second-quarter earnings exceeded expectations both in breadth and

From 02:30 to 02:45 UTC on August 4, 2026, BTC rose sharply over the 15-minute period, closing up 0.32%. It traded within a range of 63,689.1–63,971.4 USDT, representing an amplitude of 0.44%. After rebounding approximately 2.5% from the intraday low of $62,300, the price stabilized around $63,836, bringing the 24-hour gain to 1.04%. Market volatility remained limited, and the overall trend showed a mild upward move driven by risk aversion. The primary driver was the spillover effect among safe-

According to Jin10 Futures, Indonesia's Energy and Mineral Resources Minister Bahlil Lahadalia said on August 3 that the government will ease mining quota regulations (RKAB) in a measured way, with new quota releases to be gradual while maintaining market supply-demand balance. The minister stated t