Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhap Infomax, South Korea's interest rate swap (IRS) rates declined on August 3 amid growing expectations of U.S.-Iran negotiations and a sharp fall in international crude oil prices. The 1-year IRS rate fell 2.25

Shanghai Futures Exchange (SHFE) will launch arbitrage orders starting August 24, with initial applicability to copper, gold, rebar, and natural rubber futures. The arbitrage orders support order quantities between 1 and 500 contracts. The exchange plans to expand the feature to additional

According to the Shanghai International Energy Exchange, the exchange will launch arbitrage instructions starting August 24, 2026 (evening session of August 21). Initially, the feature applies to crude oil futures. The instructions support only futures products with a minimum order size of 1 lot

Cyprus-regulated brokers serving Spanish retail clients received notice on June 10 that perpetual futures, spot-quoted futures, and similar leveraged products can fall under Spain's rules for contracts for difference. The Cyprus Securities and Exchange Commission issued Circular C785 at the

According to CySEC Circular C785 issued on June 10, perpetual futures and spot-quoted futures are classified as contracts for difference (CFDs) under Spain's regulations. The Spanish financial regulator CNMV maintains this classification applies to Cyprus-regulated brokers serving Spanish retail

Decentralized exchange perpetual markets recorded a volume of $355.78 billion in July 2025, marking the lowest monthly total for the year across 17 venues including Lighter, Hyperliquid, and Aster. The decline follows a peak of $1.19 trillion in October 2025, with July's figure representing the

According to Jin10 Futures, nickel futures traded mixed today (August 3), with London nickel opening lower and key support at $17,000 per ton. Refined nickel in Shanghai closed slightly down amid limited purchasing and modest offtake. Nickel briquettes saw small fresh supply releases at slightly

From 08:15 to 08:30 (UTC) on August 3, 2026, BTC fell 0.36% within 15 minutes, with the price touching the $62,330–$62,568 range and an Ampl of 0.38%. The current price is $62,454.3, with a 24-hour decline of 1.21%, dropping below the $63,000 key psychological level. Order book liquidity is extremely thin (only 1 valid quote level), and the bid-to-ask depth ratio of 0.57 indicates asks are dominant. Filled amount is 317.4 BTC, with relatively low participation. The main driver of this market mov

The Shanghai Futures Exchange released updated registration commodity management rules for bituminous petroleum on August 2, effective immediately. The revised rules supersede the October 2016 version, which is now

According to Yonhap Infomax, Hyundai Steel reported Q2 2026 operating profit of 577 billion Korean won on August 3, up 267.5% from the previous quarter, as semiconductor fabrication and AI data center infrastructure investments boosted demand. The steelmaker's Q2 revenue reached 6.1 trillion Korean

According to Guru Club, iron ore prices hit their lowest level in over a year today (August 3), as concerns about a major commodity trading entity weighed on the market alongside weakening demand prospects. The price decline reflects growing uncertainties around a key market participant coupled

Societe Generale forecasts US inflation will persist longer than markets currently anticipate, recommending Treasury Inflation-Protected Securities, copper, and gold as hedge assets. The bank cited macro fundamentals including additional US tariffs, accelerated AI and infrastructure investment,

According to Business Insider, on August 2, Societe Generale recommended inflation-hedging assets including Treasury Inflation-Protected Securities (TIPS), copper, and gold, citing expectations for prolonged U.S. inflation. The bank projects core personal consumption expenditures (PCE) to remain

According to Jin10 data, on Saturday August 3, five very large crude carriers (VLCCs) were docked at Yanbu port's oil loading terminals, marking the busiest day for the Red Sea facility in two weeks following Houthi-led disruptions to regional shipping. The activity was confirmed by satellite

On August 3, Pluang, an Indonesia-based multi-asset investment platform, launched a limited beta for Agentic Trading, described as the country's first such feature. The service connects ChatGPT, Claude, and Gemini to users' live investment accounts for portfolio analysis and trade execution, with each trade requiring user confirmation. The tool supports US stocks, Indonesian equities, gold, crypto assets, and crypto futures. Pluang expects broader public access in mid-August 2026. The company no

DL announced on August 3rd that its consolidated operating profit for Q2 reached 256.5 billion won, a 256.1% increase from the same period last year, achieving record quarterly results. Revenue rose 26.2% to 1,667.9 billion won. The company attributed the performance to significant profit growth in