Commodities (Crude Oil & Copper) & Macro Outlook

Bank of Korea Governor Shin Hyun-song and Budget Minister Park Hong-geun raised concerns about South Korea's petroleum maximum price system sustainability on October 22 and October 23. The officials warned that prolonged implementation creates structural price distortions and fiscal burdens.

According to Guru Club, coking coal and iron ore futures contracts fell 2% on Oct 26. The coking coal main contract declined to 1,383.5 yuan per ton, while the iron ore main contract dropped to 1,882 yuan per ton during intraday

According to Shanghai Iron and Steel Association data, battery-grade lithium carbonate (MMLC) prices rose 200 yuan per ton this morning, with the mid-price reaching 98,850 yuan per ton compared to 16:30 the previous

Vietnam Petroleum will conduct drilling operations at the Sao Vang-Dai Nguyet offshore oil field in 2027. The field is located in Vietnamese territorial waters.

South Korean government bond futures opened slightly higher on the morning of the 26th, with foreign investors maintaining buying momentum after late-session declines the previous trading day. The 3-year bond futures rose 5 ticks to 103.20, while 10-year futures climbed 11 ticks to 107.24 as of 9:01

According to Yonhapinfomax, on October 26, South Korean government bond futures opened higher in morning trade, with the 3-year contract rising 5 basis points to 103.20 and the 10-year contract gaining 11 basis points to 107.24 as of 9:01 a.m. Foreign investors were net buyers, purchasing 3,502 cont

From 01:30 to 01:45 (UTC) on October 26, 2026, BTC fell sharply by 0.59% over 15 minutes, trading between 79,500.0 and 80,025.6 USDT, with an amplitude of 0.66%. Risk appetite cooled noticeably, and an imbalance in short-term sell orders put downward pressure on prices. Overall, technical signals were bearish. The main driver of this move was the risk of escalating conflict between the U.S. and Iran. Trump said the U.S. could strike Iran again as early as Sunday, sharply increasing geopolitical

Bitcoin (BTC) remains weak, trading at around $79,920 as of Oct. 26. According to Forbes, the U.S. Internal Revenue Service plans to reduce penalties for tax disclosures, including those involving cryptocurrency. Hardware wallet maker Keystone announced that its official Shopify website was hacked, exposing customers’ names, contact information, shipping addresses, and order details. Macro Events & Crypto Hot Topics According to Forbes, the Internal Revenue Service (IRS) is preparing a comprehen

According to Jin10 Futures, on October 26, ethylene glycol prices in Zhangjiagang showed resilient volatility with basis declining slightly. Buy bids stood at 5,560 yuan/ton and sell offers at 5,600 yuan/ton, while spot basis ranged from 11+280 to 11+320. For the coming week, basis was quoted at 11

According to Jin10 Futures, as of 09:30 Beijing time on October 26, WTI crude oil futures fell 1.68%, while U.S. natural gas futures declined 2.00%.

According to Singapore's Energy Minister, Saudi Arabia will begin storing crude oil in Jurong underground caverns in Singapore from the second half of 2027.

Brent crude fell below $116 a barrel on October 25, with West Texas Intermediate trading near $102, as military tensions between the US and Iran persisted and technical indicators pointed to short-term overheating. The decline followed a surge of more than 6% last week that pushed Brent to its

According to a report by Yide Futures on October 26, Singapore is expected to receive approximately 15-16 million tons of low-sulfur fuel oil in October, down slightly from September, with limited compliant supply providing short-term market support. High-sulfur fuel oil supply concerns have eased p

The USD-KRW exchange rate is forecast to remain in the 1,320 won range on October 26. Geopolitical tensions in the Middle East and foreign investor stock selling are creating upward pressure, while record current account surplus and heavy export dollar sales from semiconductor companies are

According to Yonhapinfomax, the USD-KRW exchange rate is expected to trade in the 1,320 won range on October 26 amid competing pressures. Geopolitical tensions in the Middle East are driving upward pressure, with escalating confrontations between the U.S. and Iran, and ongoing clashes between

According to Yonhap News, U.S. stock indices declined on the week ending October 25, with large-cap stocks experiencing steeper losses. The selloff reflected a shift to cyclical sectors following recent AI-related uncertainty and was compounded by rising oil prices amid Middle East war concerns,

According to Jin10 Futures, South China's LPG market extended gains on Oct 26, with port prices rising particularly sharply. The rally was driven by escalating U.S.-Iran conflict concerns, supporting international crude oil prices, combined with supply-side producers tightening volumes and

According to an Oct. 26 research report from Xingye Futures, OPEC+ core producers maintained their November production targets, with Saudi Arabia's September output rising significantly to 8.37 million barrels per day. Supply-side risks tied to ongoing disruptions around the Strait of Hormuz

According to Shanghai Zhongyuan Futures research, methanol futures contract MA2701 hit daily limit up on Friday night (Oct 25). The rally was driven by Middle East geopolitical tensions and a sharp rise in international crude oil prices. Chemical futures including methanol rebounded accordingly,

According to Zhenxin Futures, Houthis announced seven attack targets on Oct 26, including Saudi Arabia's land-based oil pipeline—the only route bypassing the Strait of Hormuz. Iran reiterated that sanctions relief must precede negotiations. The geopolitical tensions weigh on market risk appetite