Commodities (Crude Oil & Copper) & Macro Outlook

Korean treasury bond yields declined during the morning session as the stock market experienced sharp corrections, triggering risk-off sentiment among investors. The 3-year benchmark yield fell 0.8 basis points to 3.822%, while the 10-year yield dropped 1.2 basis points to 4.280% as of 11:11 AM.

According to the Japan Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 320,605 thousand liters to 10.8845 million kiloliters for the week ended July 25. Refinery BPSD utilization rate fell to 88.7% from 89.6% the previous week.

According to Allianz Investment, economist Paul Zanghieri recently expects the FOMC to maintain and potentially strengthen its hawkish stance amid persistent inflation and rising oil prices, with internal disagreements potentially opening the door to further tightening measures later this

CME Group filed a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) challenging the regulator's approval of on-chain perpetual futures products from prediction market platform Kalshi and Coinbase. The lawsuit, filed last June, argues that the CFTC's approval of these products

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate prices rose 600 yuan/ton to 145,400 yuan/ton this morning, compared with the previous day's closing price at 16:30.

According to Iran's state television, three tankers were struck and halted by Iran's Revolutionary Guards in the Strait of Hormuz hours ago after ignoring warnings, the Iranian military claimed.

According to Jin10, on July 24, Russia lifted the ban on Kazakhstan sulfur transit through Russian railways and ports, following an order signed by First Deputy Prime Minister Denis Manturov. Russian Railways notified subsidiaries to resume accepting sulfur shipments from Kazakhstan destined for Rus

According to Yonhap Infomax, South Korea's central bank Governor Shin Hyun-song stated on July 16 that market participants should monitor semiconductor prices themselves rather than chip company stock prices. Data analysis released on July 29 showed that the DramEXchange composite index (DXI) and th

SC crude oil main contract rose more than 2% during intraday trading today (July 29), currently trading at 551.20 yuan per barrel.

As of 09:30 Beijing time on July 29, WTI crude oil futures rose 4.18%, while U.S. natural gas futures declined 0.11%.

According to Gate's latest data, WTI crude oil rose 2.86% intraday on July 29, trading at $82.99 per barrel. Brent crude also gained, up 0.77% to $86.07 per barrel.

A survey of eight financial institutions projects South Korea's July exports will reach $97.83 billion, marking a 61.11% year-over-year increase and the second consecutive month exceeding $90 billion. Yonhap Infomax conducted the survey on the 29th, collecting customs-based export and import

According to Yonhap Infomax's survey of eight financial institutions on July 29, South Korea's July exports are projected to reach $97.83 billion, up 61.11% year-over-year and marking the second consecutive month above $90 billion. The forecast reflects sustained strong semiconductor demand driven b

According to a research note from Yide Futures on July 29, the EC2608 container shipping futures contract rallied sharply in late Tuesday trading as the market priced in expectations for Maersk's weekly 33 rate announcement. Maersk's wk33 opening price settled at $4,600/FEU and $2,760/TEU,

July 29, Bitcoin edged higher to around $64,000; earlier that same day, the Iranian Islamic Revolutionary Guard Corps launched multiple ballistic missiles from within Iran at the U.S. military’s Al-Azraq air base in Jordan. The U.S. Central Command said all missiles were successfully intercepted. The news quickly reversed oil prices: Brent crude had already fallen to around $83.75 per barrel, while WTI dropped to about $78.55 per barrel. Iran attacks U.S. base in Jordan, shipping risk in the Str

WTI crude oil prices rebounded over 4% on the 29th following reports of an Iranian attack on a US military base in Jordan. September delivery West Texas Intermediate (WTI) crude traded at 83.52 USD, up 4.11% from the previous session, as of 7:52 AM. The price surge reversed a three-day decline

According to Yonhapinfomax's survey of nine domestic and foreign financial institutions on July 29, South Korea's July consumer price index is projected to rise 2.92% year-over-year, marking the first decline to the 2% range in three months following June's 3.2% increase. Forecasts from surveyed in