Commodities (Crude Oil & Copper) & Macro Outlook

According to The New York Times, on May 25, approximately 1,500 vessels stranded in the Persian Gulf for nearly three months may require weeks or even months to resume normal passage despite U.S.-Iran negotiations to reopen the Strait of Hormuz. Shipping companies must resolve vessel priorities, tra

According to Guoyuan Futures research, the U.S. and Iran reached a consensus on the framework of a memorandum of understanding (MOU) over the weekend (May 25). The market anticipates this could pave the way for peace negotiations, with expectations that reopening of the Strait of Hormuz would

According to sources, Syzran oil refinery in Russia halted oil processing following a drone attack on May 21.

According to the Philippines Automotive Manufacturers' Association (CAMPI) and Truck Manufacturers' Association (TMA), vehicle sales fell 18.9% year-over-year to 27,225 units in April, down from 33,580 units the previous year—the steepest decline since August 2021. Rising oil prices driven by

According to two sources, Caspian Pipeline Consortium (CPC) oil exports rose 5% in April to 6.314 million tons, up from March levels.

Opening Global crude oil markets experienced sharp declines on Monday as Middle East tensions showed signs of easing, but supply constraints remain acute. Brent and WTI crude futures both fell more than 5% intraday, with prices approaching the $90 per barrel psychological threshold. However,

According to Guru Club, the main coking coal futures contract opened its daily limit-up on May 25, with intraday gains narrowing to 8.34%, currently trading at 1,299 yuan per ton.

According to Morgan Stanley's latest research published on May 25, Asia is entering an energy investment supercycle exceeding $5.5 trillion as artificial intelligence reshapes global energy demand. The bank identifies four key drivers: AI data centers, regional power shortages, geopolitical

According to Shenyin Wanguo Futures (via Jin10), on May 25, PX supply and demand are both declining due to low downstream utilization rates and seasonal weakness in terminal demand. Middle East tensions easing also puts downward pressure on prices through reduced production costs and sentiment.

On May 25, Sichuan Province and Ansteel Group Co., Ltd. signed a strategic cooperation framework agreement in Chengdu. According to the agreement, the two parties will collaborate on green and efficient development of vanadium-titanium strategic resources, building a world-class vanadium-titanium ne

According to Japanese media reports on May 25, the Idemitsu Maru, operated by a Japanese company, arrived at a port in Aichi Prefecture carrying 2 million barrels of crude oil. This marks the first Japanese tanker to transit the Strait of Hormuz and return to Japan since the outbreak of the Iran mil

According to Guru Club, Brent crude oil futures fell 6% on May 25, trading at $94.202 per barrel.

According to BlockBeats, on May 25, Swiss trading company Lytton SA successfully transported approximately 2 million barrels of Iraqi crude through the Strait of Hormuz aboard the tanker Agios Fanourios II, generating around $60 million in gross profit from the single shipment. The company

According to monitoring by China's Ministry of Agriculture and Rural Affairs, national hog prices reached their lowest level in nearly a decade in the third week of May 2026. The national average hog price was 10.12 yuan per kilogram in week three of May, down 0.4% month-on-month and 32.2% year-on-y

According to Qatar's Al Jazeera, an Iranian official stated on May 25 that the Hormuz Strait will open in phases.

According to Iran's Revolutionary Guard Corps (IRGC) Navy, 32 vessels including oil tankers, container ships, and other commercial vessels transited the Strait of Hormuz in the past 24 hours after receiving

Egypt's Oil Minister announced the country will clear all outstanding payments owed to foreign oil and gas companies by June 10, 2026.

According to Tiansun Wind Energy's announcement today (May 25), the company's offshore engineering subsidiary won a contract to build a Floating Production Storage and Offloading (FPSO) vessel, valued at approximately 568 million

Russia's central bank reduced its gold holdings by approximately 900,000 ounces during the first four months of 2026, bringing total reserves to roughly 73.9 million ounces—the lowest level since early 2022, according to market analyst Pumpius. Simultaneously, the Moscow Exchange has been