Commodities (Crude Oil & Copper) & Macro Outlook

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

According to economist Takeshi Minami from the Central Bank of Agriculture and Forestry Research Institute, Japan's inflation could approach 3% by year-end if Middle East tensions persist. Minami noted that sustained Strait of Hormuz disruptions could drive

According to Li Chao, deputy director of policy research at China's National Development and Reform Commission, prices in April continued their gentle recovery trend, signaling improved supply-demand relationships and optimized market order. The NDRC expects inflation to remain within stable

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) quoted at 178,350 yuan/ton at midday today (May 22), down 1,900 yuan/ton from the previous day's 4:30 p.m. closing.

According to Gate's latest data, USD/JPY rose 0.12% to 159.097 intraday on May 22. In commodity markets, gold prices fell 0.34% to $4,526.84 per ounce, while silver declined to $76.19 per ounce. The Bitcoin volatility index (BVIX) dropped 3.17% to 37.26, and the Ethereum volatility index (EVIX) fell

According to Guru Club, WTI crude oil futures rose 2% to $98.291 per barrel on May 22.

According to Guru Club, Brent crude oil broke above $105 per barrel today (May 22), rising 2.36% intraday.

On May 22, Bitcoin rebounded to $77,400. Iran’s Labor News Agency (ILNA), citing Al Arabiya Satellite Television, reported that, with Pakistan brokering the deal, the United States and Iran have reached agreement on a draft agreement. The contents include: an immediate comprehensive and total ceasefire across all fronts; both sides committing not to attack infrastructure; guaranteeing freedom of navigation in the Persian Gulf and the Strait of Hormuz under joint monitoring; gradually lifting san

According to Jin10 Futures, on May 22, China's PX market faced downward pressure as international crude oil prices declined amid renewed U.S.-Iran peace talks. Terminal buyers remain cautious while downstream refineries operate at low utilization rates, limiting cost support for the market.

According to CITIC Securities on May 22, the brokerage recommended avoiding assets overly dependent on liquidity expansion in the second half of 2026, citing falling macroeconomic liquidity alongside rising inflation and profit cycles. Instead, investors should focus on earnings and

According to Jin10 Futures, CBOT corn futures closed lower on Thursday, with the benchmark contract down 0.8%, driven by declining crude oil prices and expectations of beneficial rainfall in the U.S. Midwest. The National Oceanic and Atmospheric Administration (NOAA) forecasts widespread

According to SEMI data cited in a Citic Securities research report, global semiconductor sales are projected to reach $1 trillion in 2026 and double to $2 trillion by 2035, driven by AI data center demand. Despite geopolitical risks including Middle East tensions and trade uncertainties, the

According to Guru Club, Brent July crude futures fell 2.44 dollars, or 2.32%, to $102.58 per barrel on May 22. WTI July crude futures declined 1.91 dollars, or 1.94%, to $96.35 per barrel on the same day.

The U.S. Commodity Futures Trading Commission signed a memorandum of understanding with the National Hockey League on Thursday, announced by CFTC Chair Michael Selig, to establish formal coordination on event contracts tied to professional hockey. The agreement aims to protect the sport and

President Trump told Fortune editor-in-chief Alyson Shontell this week that he is furious about the $149 billion the federal government must return to importers after the Supreme Court struck down a significant portion of his 2025 tariffs. Key Takeaways: Trump told Fortune on May 18, 2026, the

On May 21, Barclays U.S. Convertible Bond ETF gained 2.19%, leading major U.S. asset class ETFs. Russell 2000 Index ETF rose 0.94%, and Emerging Markets ETF climbed 0.87%. Among decliners, Agricultural Products Fund fell 1.29%, Brent Crude Oil Fund dropped 0.14%, and Soybeans Fund

According to Rapidan Energy Group, if the Strait of Hormuz closure extends through August, the risk of economic downturn could approach the severity of the 2008 recession. Under the consulting firm's base case scenario assuming the waterway reopens in July, daily crude demand would decline by 2.6 m

According to Bloomberg commodity data as of Thursday (May 21) close, CBOT wheat futures fell 1.93%, with the Bloomberg grain commodity index declining 1.02% to 32.1475 points. CBOT soymeal futures fell 1.09% and soybean oil futures fell 1.08%, while corn futures dropped 0.64%. ICE cotton futures de

According to ISO New England, oil-fired generation in the region exceeded 700 MW on May 20 amid record May temperatures, with capacity sufficient to power approximately 500,000 households. Hours earlier, the grid operator declared the power system in "abnormal conditions" and ordered all