Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, protesters shut down Libya's Merilla oil and gas facility on July 28, halting operations. The disruption cut off gas supplies through key pipeline infrastructure, risking regional power outages. The Merilla complex serves as a critical hub for Libya's oil and gas processing and

According to CNPC Gold announcement, the company's subsidiary CNPC (Hotan) Mineral Development Co., Ltd. recently secured the Tugenmansu gold-copper mining project in Akto County, Xinjiang, with exploration rights transfer value set at 2.507 billion yuan. The company plans to increase capital

Korean treasury bond yields declined on May 28 as foreign investors aggressively bought bond futures while the stock market triggered circuit breakers. The 3-year treasury yield fell 3.6 basis points to 3.829% and the 10-year yield dropped 4.4bp to 4.289%, driven by a second consecutive day of

According to Iraq's Oil Ministry, the country exported 32.1 million barrels of oil during May and June.

According to South Korea's Ministry of Industry, Trade and Energy on July 28, the government has selected a gas-fired combined-cycle power plant construction as its first investment project in the United States. The project aims to address rapid electricity demand growth driven by AI data center

According to Yonhapinfomax, on July 28, South Korea's government bond market strengthened as risk-off sentiment took hold following a sharp stock market decline. The 3-year government bond yield fell 3.6 basis points to 3.829%, while the 10-year yield dropped 4.4 basis points to 4.289%. The KOSPI in

According to sources, a major oil refinery in Russia's Tyumen region suspended operations on July 25 following a drone attack.

According to London Stock Exchange Group data released July 28, investors have lowered expectations for additional UK base rate increases in 2026 to a total of 35 basis points, down 12 basis points from the previous week, amid falling oil prices and renewed negotiations aimed at resolving Middle

According to ING analyst Chris Turner, on July 28, the euro failed to gain significant support from the recent oil price decline as markets prepare for a potential Federal Reserve rate hike on Wednesday. London Stock Exchange Group data showed markets are pricing a 34% probability of a rate

According to Australian miner IGO's FY2026 Q4 earnings report, the CGP3 lithium processing facility at Greenbushes—the world's largest hard-rock lithium mine jointly owned by China's Tianqi Lithium—is expected to resume production within days following a fire in June. The facility has been offline f

According to Jin10 Futures, Shandong independent refineries' gasoline and diesel prices fell as of July 27. The mainstream prices for 92 gasoline stood at 8,110–8,240 yuan/ton and 95 at 8,210–8,330 yuan/ton, while 0 diesel traded at 7,030–7,140 yuan/ton. The decline reflected weakness in

According to Dalian Commodity Exchange announcement, recently the exchange investigated 2 violations and disciplined 3 traders. The exchange called on all members and investors to strengthen compliance and risk

WTI crude oil fell 2.00% intraday to $79.54 per barrel on July 28.

According to the London Metal Exchange (LME), on July 28, the exchange reported the following inventory changes: zinc down 1,225 tonnes, lead down 50 tonnes, nickel up 180 tonnes, copper down 4,200 tonnes, aluminum down 1,975 tonnes, and tin down 300 tonnes. Copper saw the largest decline,

Market data shows Brent crude oil futures fell nearly 3% to $85.71 per barrel, marking the lowest level since July 17.

WTI crude oil futures fell 2.5% to $80.54 per barrel, marking the lowest level since July 20.

According to China's Ministry of Commerce, the country's merchandise imports grew 22.1% year-over-year in the first half of 2026, significantly outpacing export growth, an official said at a State Council Information Office briefing on July 28. The ministry does not deliberately pursue trade

According to Jin10, Shanghai Futures Exchange (SHFE) paper futures warehouse inventory rose 8,264 tons to 338,646 tons on July 28. Paper futures factory inventory remained steady at 20,000 tons. Most other energy and commodity positions, including coating paper, fuel oil, bitumen, and crude oil

According to Jin10, crude oil prices extended their downward trend on July 28, despite escalating Red Sea tensions, as Iran and Oman pursue an agreement to reopen the Strait of Hormuz amid reduced U.S.-Iran hostilities that have enabled diplomatic efforts. The Caspian Pipeline Consortium terminal re

According to Jin10, Eurozone government bond yields fell in early trading on July 28, tracking movements in U.S. Treasury yields amid declining oil prices as efforts to resolve Middle East conflicts continue. Germany's 10-year yield dropped 2.1 basis points to 3.105%.