Commodities (Crude Oil & Copper) & Macro Outlook

Crude oil futures fell 6% intraday today, trading at 3,505 yuan/ton.

From 01:00 to 01:15 (UTC) on July 28, 2026, BTC saw a sharp drop of 0.45% within 15 minutes, trading in the range of 63,063.6–63,529.8 USDT, with an amplitude of 0.73%. Over the past 24 hours, BTC fell from a peak of about $65,744 to around $63,209, for a cumulative drop of 3.02%. Market volatility has clearly increased, and overall risk appetite has declined. The main driver of this move is a repricing of global risk assets triggered by developments in the geopolitical situation between the US

According to Yonhap Infomax, on July 28, the USD-KRW exchange rate fell to 1,465.20, down 3.30 from the previous close of 1,468.50, as geopolitical tensions eased and crude oil prices declined. The pair has dropped more than 100 won since early July, when it peaked at 1,559.20. The decline was

According to Lianjin Energy, China's retail diesel and gasoline prices should increase by 760 yuan per ton as of the seventh working day of the current pricing cycle (July 28), based on a reference crude price of $89.27 per barrel with a variance of 14.64%. The adjustment window is set for July 31 a

According to Jin10 Futures, fuel oil prices declined significantly in early trading on July 28 due to falling crude oil costs and unstable market conditions. Downstream traders adopted a cautious purchasing stance amid cost pressures, with the overall trading sentiment remaining subdued. Market

According to Jin10 Futures, Malaysian crude palm oil futures may fall at Tuesday morning opening on July 28, tracking losses in global commodity markets. Crude oil futures plunged nearly 9% following the U.S. suspension of airstrikes on Iran, with Brent crude sliding further during electronic

According to Yonhap Infomax on July 28, S-Oil's second-quarter operating profit is forecast to reach approximately 980 billion won, swinging to profitability from a loss in the same period last year, based on consensus from 10 securities firms. Revenue is projected at 12.63 trillion won, up 56.96% y

According to Axios, citing U.S. officials, on July 28, American officials stated that economic sanctions may ultimately inflict greater damage on Iran's government than military strikes. U.S. intelligence and open-source reports indicate deepening economic crisis within Iran, including gasoline

Korean corporate bond yields reached their highest levels in 2 years and 8 months on the 24th, with AA- rated 3-year bonds hitting 4.653% — the peak since November 14, 2023. The surge followed the Bank of Korea's rate increase from 2.50% to 2.75% on the 16th and escalating Middle East geopolitical r

From 23:30 to 23:45 (UTC) on July 27, 2026, BTC fell 0.31% within 15 minutes. The price ranged from 63,636.3 to 63,924.6 USDT, with a range of 0.45%. Over the past 24 hours, BTC dropped from a $65,744 high to around $63,741.9, for a cumulative decline of 2.59%, as market volatility intensified. The main driver behind this abnormal move was that Michael Burry expanded his short positions in chip stocks, prompting a retreat in hedging for risk assets. This well-known investor—famous for shorting t

According to traders, U.S. wheat futures fell on Monday (July 28) amid a crude oil crash, with Chicago wheat futures hitting a two-week low. KCBT hard red winter wheat futures held within Friday's trading range. The decline reflects easing market concerns about Black Sea port and shipping

On Monday, CBOT soybean futures closed sharply lower, with the benchmark contract declining 3.4% and erasing most of last week's gains. The decline was driven by a steep near-9% plunge in crude oil futures following the United States' decision to pause airstrikes against Iran over the weekend. The d

According to Baichuan Yingfu data, ethylene carbonate (VC), a key electrolyte raw material, surged 10% to hit a fresh high of 220,000 yuan/ton on July 27. Month-to-date, VC has gained 37.5%, reflecting continued supply-demand tightness in the

Korean Treasury futures declined in overnight trading on the 28th, with 3-year contracts down 3 ticks to 102.85 and 10-year contracts falling 9 ticks to 105.08, despite a sharp drop in international oil prices. The decline occurred as US Treasury bonds showed limited gains amid auction supply

According to Yonhap Infomax, South Korea's 3-year government bond futures fell 3 basis points to 102.85 overnight on July 28, while 10-year bond futures dropped 9 basis points to 105.08. International crude oil prices triggered the move, with Brent crude (September contract) plummeting 8.7% to $88.3