Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, satellite imagery from the EU Copernicus network on October 24 showed expanding oil leakage from a damaged tanker near UAE waters, prompting authorities to close multiple beaches. The oil slick has spread inland along the coast and is approaching waters off northern Umm Al

On October 23, crude oil futures climbed significantly, with WTI (West Texas Intermediate) December contracts rising $3.80 to $103.27 per barrel and Brent December futures gaining $3.55 to $116.72 per barrel. Downstream feedstocks also strengthened: naphtha rose $22 to $1,031 per ton CFR Japan,

According to BlockBeats on October 26, the U.S. Energy Department designated helium as the 20th critical material, highlighting supply bottlenecks in AI and semiconductor expansion. The U.S. accounts for 43% of global helium production, but extraction facilities are approaching capacity limits and n

Between 08:00 and 08:15 on October 26, 2026 (UTC), BTC fell sharply by 0.37%, trading between 79,674.5 and 80,050.7 USDT, with an amplitude of 0.47%. It stood at $79,938.5, down 1.16% over 24 hours. Market volatility intensified, and risk appetite cooled notably. The main driver of the move was the risk of escalating geopolitical conflict. News that the US could strike Iran again as early as Sunday triggered selling in risk assets. Meanwhile, amid high oil prices, gold fell to a near one-week lo

According to Jin10 futures on October 26, Pingan Futures' analysis attributed methanol's daily limit surge to a confluence of three factors: geopolitical risk premium from Hormuz Strait shipping threats, critically low circulating inventory, and fragile near-month delivery structure. This

According to Jin10, European natural gas prices surged to 97 euros per megawatt-hour today (October 26), marking the highest level since 2022, amid escalating concerns over winter supply tightness and geopolitical tensions. The benchmark futures contract rose 3.5% as traders anticipate increased

According to Bloomberg, citing sources familiar with the judgment, He Jinbi, 61, founder and head of Maike Metals International Group, was sentenced to life imprisonment last month by a Xi'an court for contract fraud, bribery, and other offenses. The court determined that Maike's conduct exposed

According to Jin10, on October 26, China's Shanghai Futures Exchange released energy and chemical products warehouse receipts data. Pulp warehouse inventory increased to 429,862 tons, up 6,369 tons from the prior trading day, while fuel oil futures inventory declined by 5,000 tons to 51,000 tons.

According to Jin10, China's A-share indices showed mixed performance on October 26. The Shanghai Composite Index rose 0.19%, while the Shenzhen Component Index fell 1.19% and the ChiNext Index declined 1.71%. Total trading volume across the two exchanges reached 16.1 trillion yuan, down 347.5

According to Shanghai Futures Exchange data released on October 26, most base metals and precious metals warehouse receipts posted declines. Copper fell 2,839 tons to 16,219 tons; aluminum dropped 3,283 tons to 64,959 tons; zinc decreased 1,430 tons to 65,121 tons; and lead fell 5,048 tons to 13,034

Brent crude futures traded at $114.60 a barrel at about 10:50 am Beijing time on Monday 26 October, down $2.15 or 1.8 percent from Friday's $116.72 settlement, according to OilPrice.com via Gulf News. The decline followed weekend claims by Houthi forces that they struck Saudi Aramco's Yanbu

According to Reuters via Business Recorder, spot gold rose 0.4 percent to $4,009.87 on Monday 26 October at 03:42 GMT, rebounding above $4,000 after Friday's close below that level. December US gold futures gained 0.4 percent to $4,023.50. The bounce reflects relief from a roughly 2 percent drop in

According to Kremlin spokesman Dmitry Peskov on Oct 26, Moscow is willing to discuss supplying natural gas to Europe if European countries are interested and Russia has surplus capacity. Peskov noted that gas availability fluctuates, and supplies are often already allocated for other

According to Guru Club, alkali futures, the main contract, fell 5% on October 26 to 1,519 yuan per ton, marking a record low since listing.

According to Iran's state news agency IRNA, Iranian President Pezeshkian plans to visit Moscow this week to discuss energy-related issues with leaders from 11 other major gas-producing countries.

According to Iran's Tasnim News Agency on October 26, Iranian Foreign Minister Alagezi emphasized the impact of military tensions on global energy markets, noting that disrupted shipping in the Strait of Hormuz has affected natural gas supply security and market stability. He called for

According to Jin10 Futures, China's semi-steel tire exports in the third quarter of 2026 totaled 886.4 thousand tons, declining 6.66% year-on-year and showing a downward trend both sequentially and annually. The export decline is attributed to EU anti-dumping measures affecting the overall

According to Bharat Petroleum Corporation executives, the company will significantly reduce its crude oil purchases from Russia in November due to declining commercial viability, despite Russian crude remaining competitively

Bharat Petroleum executives stated the company has been gradually resuming crude oil purchases from the Middle East as regional supply conditions improve. Supply volumes from the region are expected to increase in