Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, New Zealand log exports saw stable wharf delivery prices (AWG) in May compared to April. Rising shipping costs combined with softening market conditions in China continued to compress exporters' margins, with supply chain participants absorbing costs to maintain AWG

Today, low-sulfur fuel oil (LU) futures contract fell over 2% intraday, trading at 4,578 yuan/ton.

Codelco's new chairman Bernardo Fontaine said on Thursday that the Chilean state-owned copper giant will pivot from a production-focused strategy to prioritizing profitability and operational efficiency. "Our responsibility is not to produce for the sake of production, but to do so in a safe, effici

Germany's import price index rose 1.2% month-on-month in April, exceeding the consensus forecast of 1.10%. The reading represents a significant decline from March's 3.60%, indicating a 2.4 percentage point month-over-month

Germany's import price index rose 5.3% year-over-year in April, matching economist forecasts and marking a significant acceleration from the prior month's 2.3% gain.

According to reports, Norway is pressuring the European Union to lift its Arctic drilling restrictions on May 29, as the region holds nearly two-thirds of Norway's oil and gas resources. The EU is expected to announce its new Arctic policy by late September. Norwegian officials and industry

According to CME data reported by Jin10, silver futures on May 28 showed concurrent increases, with trading volume at 49,976 contracts and open interest at 101,717 contracts, up 2,068 and 242 contracts respectively from the previous session. In contrast, Brent crude oil futures experienced

According to Jin10 Futures, China's asphalt prices rose to 4,535.57 yuan/ton this week (May 29), up 0.86 yuan/ton or 0.02% week-over-week. The modest gain was driven by tightening supply as asphalt production capacity utilization rates declined, coupled with stable demand from infrastructure

According to Japan's Ministry of Economy, Trade and Industry, Japan's total petroleum product sales in April declined 11.3% year-over-year.

According to Japan's Ministry of Economy, Trade and Industry, the country's crude oil imports declined 65.7% year-on-year in April, marking a significant decrease amid shifting energy dynamics.

According to Japan's Ministry of Economy, Trade and Industry, gasoline sales in April declined 2.6% compared to the same period last year.

According to Japan's Ministry of Economy, Trade and Industry, kerosene sales in April declined 13.3% compared to the same period last year.

According to CCTV Finance, on May 29, a leading global copper processor disclosed that orders for high-voltage electromagnetic flat wire products for electric vehicles are booked through the second half of 2027. The company's annual copper purchases, combining virgin and recycled copper, total

According to ExxonMobil executive Neil Chapman, oil inventories will reach critically low levels within the next two to three weeks due to Middle East tensions, forcing crude prices to surge sharply. Speaking at a Bernstein conference, Chapman stated that once inventories hit that threshold, prices

According to BlockBeats, trade.xyz contract open interest hit $27.4 billion on May 29, setting a new historical record. According to loris.tools data, the top five holdings on the platform are S&P 500, XZY100, Brent crude oil, Micron, and

According to Guru Club, on May 29, shipping futures on the Europe route main contract surged nearly 5% to breach the 3,500-point mark, marking the highest level since August 2024. Open interest increased by more than 2,600 contracts during the

According to Shanghai Steelindex, MMLC battery-grade lithium carbonate rose to 176,400 Chinese yuan per ton today, up 600 yuan per ton from yesterday's 4:30 PM closing price.

Fidelity’s 2026 trend report says that Iran accepted Bitcoin, dollar-pegged stablecoins, and RMB payments for transit fees through the Strait of Hormuz in April, signaling a major shift toward alternative settlement mechanisms. The report also notes that gold’s share in central bank reserves has surpassed dollar assets, and that Bitcoin’s expected excess returns have not yet been realized; additionally, after the U.S. froze stablecoins, USDT continued to dominate payments.

Fidelity Digital Assets released a report on January 28 analyzing Iran's Bitcoin-based Hormuz Safe system as evidence that Bitcoin is entering international settlement and reserve asset discussions. Iran announced on January 18 the introduction of the Hormuz Safe system for managing passage