Commodities (Crude Oil & Copper) & Macro Outlook

Japan's government announced on May 25 a supplementary budget of over 3 trillion yen to offset energy price increases driven by Middle East tensions. The funds will be raised through deficit bonds and directed toward electricity and gas subsidies, extended gasoline price support, and liquefied

According to Jin10 Futures, Iran will open the strait within 30 days following the agreement, and the ceasefire accord will be extended for 60 days. Crude oil continues to trade with volatility this morning as markets react to the

According to Jin10, on May 26, international crude oil prices continued falling amid weak cost support and declining downstream demand. PX markets are expected to extend losses today.

According to Guru Club, on May 24 early morning Beijing time, international crude oil futures plummeted over 9%. New York crude oil and Brent crude oil both fell sharply by 5:20 AM. Bitcoin surged over 1% to $76,655 per coin in response, while the broader crypto market saw over 120,000 traders

According to Bouna Sylla, Guinea's mining and geology minister, the world's largest bauxite producer plans to introduce export controls on aluminum ore in June 2026 to curb oversupply and stabilize prices. Guinea's bauxite exports surged 25% to 183 million tons in 2025, with growth accelerating in t

According to Mineral Resources (MinRes), the company and joint venture partner Ganfeng Lithium reached a final investment decision on May 26 for Mt Marion lithium mine expansion. The project will construct a

According to Guru Club, Asian stock markets surged on May 26, with Japan's Nikkei 225 index rising nearly 3% to close above 65,000 for the first time in history. Germany's DAX index also rallied 2.03%, while Taiwan's stock index gained over 3% to set a fresh record, with year-to-date gains

On Tuesday, Asian stock markets are set to extend gains as optimism over a potential US-Iran deal to reopen the Strait of Hormuz lifts risk appetite. Equity-index futures for Japan and Australia pointed to gains, while markets in Hong Kong and South Korea were set to reopen after a holiday. US

WTI crude oil futures fell 6.52% on Monday, closing at $90.30 per barrel.

According to Jin10 Data, as of 2:30 a.m. on May 26, Shanghai gold futures (main contract) closed up 0.71% at 1,004 yuan per gram, Shanghai silver futures (main contract) climbed 1.62% to 19,087 yuan per kilogram, and SC crude oil futures (main contract) fell 3.04% to 603 yuan per

On Monday (May 25), TTF natural gas futures fell 6.08% to 45.601 euros/MWh in late European trading. Meanwhile, ICE EU carbon emission allowance futures declined 0.16% to 75.78 euros/ton during the same

According to Nikkei, citing sources, Iran will reopen the Strait of Hormuz within 30 days after reaching a ceasefire agreement with the United States. During the 30-day window, Iran will clear naval mines from the waterway. Following the agreement, ships from all nations will be able to transit

According to Italian utility Enel Edison, QatarEnergy has notified European clients of the cancellation of an additional five LNG shipments, extending the force majeure status from early July to mid-August.

MicroStrategy, the largest corporate Bitcoin holder, confirmed it purchased bonds instead of Bitcoin this week, with Executive Chairman Michael Saylor posting on X: "This week we bought bonds, not bitcoin. The BitVac is charging." The company holds 843,738 BTC valued at approximately $65.25

According to Ray Dalio in a podcast published on May 24, the billionaire investor outlined a 13-step process leading to a 40% depreciation of savings for USD holders, warning that the world is currently between steps 9 and 10. Dalio pointed to Iran's recent acceptance of tolls in the Strait of

Guinea, the world's largest bauxite producer, plans to announce export control measures in June to regulate output of the mineral used in aluminum production. The country accounts for more than one-third of global bauxite production. Guinea's bauxite exports surged 25% in 2025 to 183 million tons, w

Coking coal and coking coke surged in the night session on May 24-25, with coking coal rising approximately 9% and coking coke climbing 5.1%. Iron ore declined about 1%, while fuel oil, styrene, and pure benzene fell at

According to Guru Club, aluminum oxide futures contract rose 4% intraday on May 25, reaching 2,828 yuan.