Commodities (Crude Oil & Copper) & Macro Outlook

According to my.steelhome.cn, all Mongolian coking coal (1/3) auctions totaling over 1 million tons failed to sell on September 14. The Ganqimaodu port's customs clearance volume continues to remain below normal levels, marking a significant decline from

According to sources, the Caspian Pipeline Consortium (CPC) reported a 22% month-over-month increase in mixed crude oil exports in August, attributed to the stabilization of loading operations.

According to Nigeria's state-owned petroleum company executives, floating liquefied natural gas projects are expected to produce a combined 4 million metric tons of LNG by 2029.

According to Jin10, Germany's Finance Ministry said on Sept. 14 that it will push for the European Union to impose a windfall tax on energy companies at an informal EU finance ministers meeting this Friday. The move comes as the German government expressed growing concerns over rising gasoline

According to Kremlin spokesman Peskov, on Monday, September 14, the Kremlin stated that the global energy market situation is deteriorating amid Middle East instability. The Kremlin also said Russia's diesel export ban should help shore up the domestic market. Peskov made the remarks while

On September 14, Japanese Prime Minister Takayuki Sanae met with International Energy Agency (IEA) Executive Director Fatih Birol at the Prime Minister's residence. This marked their first meeting since March. Sanae outlined Japan's ongoing energy initiatives and reaffirmed Japan's commitment to

The USD-KRW exchange rate closed at 1,347.30 won on September 14, rising 1.40 won from the previous Seoul trading session close and marking the first three-day consecutive gain in two months. The won weakened as foreign investors sold over 4 trillion won in Korean stocks across three trading days, w

Iran's Strait of Hormuz Authority released a notice today (Sept 14) expanding its blacklist of non-compliant vessels to 77 ships. Vessels on the list will face restrictions including fines, detention, and possible confiscation. The authority issued a warning to insurance companies, P&I clubs, and c

The Shanghai International Energy Exchange announced today (September 14) that it has restricted opening positions for multiple accounts on related contracts due to excessive intraday trading volume exceeding regulatory standards. The accounts violated the exchange's rules on abnormal trading

According to Zhenxin Futures, cited by Jin10, tin prices fell 3.6% and 3% over two consecutive days on September 14, breaking below the 400,000 level. The sharp volatility was primarily driven by liquidity shifts, with minimal changes in underlying market fundamentals. The futures firm noted that

Japanese stocks fell on the 14th as the Nikkei 225 index dropped 518.35 points (0.81%) to close at 63,492.99, marking a second consecutive day of declines. The downturn was triggered by calls from major AI company executives—including Anthropic CEO Dario Amodei, Tesla CEO Elon Musk, and OpenAI CEO

According to Dalian Commodity Exchange's official announcement, the exchange will halt trading from October 1 to 7, 2026 for China's National Day Golden Week. Trading will resume on October 8. The exchange noted that September 20 and October 10 will observe regular weekend closures. Night trading wi

The Philippines Department of Energy (DOE) announced on September 14 that fuel prices will rise sharply starting September 15, with gasoline increasing by P5.68 per liter, diesel by P4.31 per liter, and kerosene by P4.62 per liter. This marks the second consecutive week of large pump price hikes,

According to the Department of Energy, fuel prices in the Philippines will increase significantly on September 15, with gasoline rising P5.68 per liter, diesel by P4.31 per liter, and kerosene by P4.62 per liter. The hike marks the second consecutive large price adjustment, following a previous

According to A De Futures, SC crude oil futures hit a record high of 910 yuan/barrel on the close of September 14, marking its highest level since the contract's listing in March 2018. The crude commands a premium of approximately $25/barrel relative to Brent crude at the same time, driven by

According to Goldman Sachs, partner Mark Wilson outlined three major headwinds constraining U.S. equities following a strong second quarter, when the Nasdaq surged 32% and the Philadelphia Semiconductor Index jumped 87%. The challenges include the historical pattern of midterm election cycles,

According to Jin10, on September 14, ECB policymaker Kazimierz Kazmierz warned that eurozone inflation could exceed already-raised forecasts, with natural gas and electricity prices becoming key concerns. The central bank conducted its second rate hike of the year last Thursday and raised multiple i

According to Bloomberg, U.S. President Donald Trump stated he previously warned Ukrainian President Volodymyr Zelensky to stop attacking Russian oil refineries. Ukraine's strikes have halted diesel production and driven prices to record

An ExxonMobil executive forecasted that U.S. liquefied natural gas supply will grow to approximately 30% of global LNG supply by 2030.