Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, on May 22, inventories across Shanghai Futures Exchange energy and petrochemical contracts remained unchanged from the previous trading day. Pulp warehouse stocks held at 201,824 tons, while fuel oil inventories stood at 47,160 tons and medium sour crude oil at 3,511,000

Chinese commodity futures fell across the board on May 22, with PET bottle flakes leading losses, down over 5%. Paraxylene and butadiene rubber fell over 4%, while coking coal, PTA, short fibers, and ethylene glycol declined over 3%. On the upside, European container shipping indices rose over 3%, a

On May 22, 2026, the U.S.-Iran situation once again became a core variable driving global financial markets. Iranian media earlier claimed that the final draft of a U.S.-Iran agreement had been reached and would be published within a few hours, but this was immediately rebutted by Al Jazeera, which said the report was “fabricated.” U.S. Secretary of State Rubio later clarified that while the negotiations had made progress, there was no guarantee of a final deal, and he did not want to appear ove

According to Japan's Ministry of Economy, Trade and Industry, Japan will receive its first tanker carrying 2 million barrels of Saudi crude through the Strait of Hormuz since the conflict began, with the Idemitsu Maru expected to dock at Idemitsu Kosan's Aichi refinery on Monday,

On May 21, the French government announced a new round of fuel subsidy measures totaling €710 million to reduce the economic burden from rising fuel prices. The package extends aid to the fishing and agriculture sectors for three additional months and raises the maximum subsidy for low-income long-d

According to IEA Director Fatih Birol, the oil market could enter a "dangerous zone" in July and August. The International Energy Agency is prepared to take action and coordinate the release of strategic petroleum reserves if necessary. Birol's warning comes as crude prices rise amid supply

According to government officials, Indonesia exempts nickel pig iron and certain refined palm oil products from planned commodity export controls, with the transition phase beginning June 1. The exemptions apply to low-purity nickel pig iron and refined, bleached, deodorized palm oil, while other co

According to Guru Club, Shanghai Containerized Freight Index European Route futures main contract rose over 7% to 3,110 points on May 22.

According to Guru Club, LME copper rose 1.03% on May 22, trading at $13,654.15 per ton.

According to China Securities Journal, China's energy storage development implementation plan for the 15th Five-Year Period (2026–2030) has been completed and is currently undergoing internal review. The plan will be released once the consultation process

According to CME data released on May 22, gold and Brent crude oil futures both saw increased trading volume and open interest on May 21. Gold futures trading volume rose 15,754 contracts to 225,680 hands, with open interest up 5,674 to 380,340 hands. Brent crude oil futures volume increased 10,869

According to Barclays, the bank maintains its 2026 Brent crude oil forecast at $100 per barrel with upside risk bias. The bank expects oil inventory levels to test their lowest point since 2020 even under optimistic

According to Indonesia's sovereign wealth fund Danantara, President Prabowo announced this week a plan requiring palm oil, coal, and nickel exports to be managed through a state-owned entity controlled by Danantara. Pandu Sjahrir, Danantara's chief investment officer, stated the fund will "listen to

According to the Financial Times, France's Finance Minister stated that countries cannot decide whether to release additional oil reserves until they understand how long the Iran conflict will continue.

According to Taro Saito, chief economist at Nippon Life Insurance Foundation Research Institute, Japan's food price growth, which has slowed since last year, is expected to accelerate around summer. Saito noted that after sustained inflation since 2022, Japanese companies have become more

According to BlockBeats, on May 22, Solayer launched a public testnet for Margin Trade, a perpetual trading platform native to Solana supporting unified margin trading across crypto assets, commodities, and stocks. Developed by Solayer Labs in collaboration

According to Guru Club, fuel oil futures fell 2% on May 22, trading at 4,037 yuan per ton.

According to Jin10 Futures, on May 22, East China polyester bottle chips closed at 8,680 yuan per ton, down 210 yuan from the previous session. The market is in a downtrend with significant price declines; downstream buyers show limited appetite for purchases. Forward quotes for May-June are

According to Li Chao, deputy director of the National Development and Reform Commission's Policy Research Office, on May 22, China ensured stable domestic fertilizer supply and prices during spring planting amid international market volatility. Domestic urea prices are approximately 3,500 yuan per t