Commodities (Crude Oil & Copper) & Macro Outlook

According to Longzhong Information, China's domestic refined oil prices are expected to rise when the pricing adjustment window opens on May 21 at midnight. This would mark the eighth increase within 2026, driven by international crude oil prices trending upward during the current adjustment

According to Jin10 Futures, Indonesia's president directed today that sales of palm oil, coal, and ferronickel must be conducted through state enterprises. The policy targets key export commodities, following earlier directives requiring coal and palm oil producers to prioritize domestic demand

Indonesia's President announced today that the government released regulations on natural resource export management as a strategic measure to manage the country's resources.

According to Jin10 Futures, as of May 19, Shandong low-sulfur fuel oil prices reached 4,850 yuan/ton, up 1.04% week-on-week, while medium-sulfur fuel oil held steady at the same level. Rising international crude oil prices, tightening commodity supply, and firm refinery pricing sentiment supported t

According to Jin10 Futures, palm oil futures on Malaysia's Derivatives Exchange declined slightly on Wednesday morning (May 20), ending a three-day rally. The decline was driven by weakening crude oil prices following U.S. President Trump's statement that a conflict with Iran would resolve "very

Gate News: According to the latest Gate TradFi data, COTTON (Cotton) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Jin10, Woodside Energy CEO Meg O'Neill said on May 20 that the world underestimates how long the impact of the Iran war on global liquefied natural gas supply will persist. She stated: "I don't think the market, consumers, or society as a whole fully comprehend the severity; there's a w

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate (morning session) quoted at 179,500 yuan/ton on May 20, down 6,800 yuan/ton from the previous day's 4:30 PM price.

According to external reports, on May 20, Japan rubber futures erased gains from the previous two trading days as tapping activity increased in major natural rubber producers Thailand and Ivory Coast, pressuring spot prices. Analysts noted that declining heavy rains in Thailand and Ivory Coast's

According to Jin10 data, China's National Development and Reform Commission and National Energy Administration issued a notice on May 20 regarding the orderly development of multi-user green power direct connection projects. The notice requires that projects maintain a minimum

According to Chinese Customs, lithium spodumene imports totaled 758,000 tonnes in April 2026, declining 9.5% month-on-month. Imports from Australia rose to 355,000 tonnes, up 38.9% from March and 19.2% year-over-year. Shipments from South Africa dropped 33.2% to 113,000 tonnes, while Brazilian impor

Bitcoin (BTC) continues a weak trend, temporarily trading at around $76,820 as of May 20. The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit over a Minnesota state-level bill that clearly bans prediction markets in the state. Japan will allow foreign trust-based stablecoins to enter its payment system starting June 1. Macro events & Crypto hot spots 1、According to a report by The Block, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice have

According to Bloomberg, Perpetuals.com, led by ex-FTX executive Patrick Gruhn, launched UpsideOnly on May 19, a platform where users submit paper trades without depositing funds while the company shares half of any profits generated. The platform uses an proprietary AI model trained on 22 billion tr

According to Lloyd's List Daily, at least 54 vessels transited the Strait of Hormuz during May 11-17, up from 25 the previous week. The report noted that despite continued U.S. restrictions on ships entering and leaving Iranian ports, shipping traffic through the waterway increased significantly. Th

According to Foshan Gold Control Futures research on May 20, China's alumina inventory continues to accumulate amid ongoing supply disruptions in the Middle East. The Strait of Hormuz passage remains restricted, with multiple regional aluminum smelters maintaining reduced output or suspending

According to Guru Club, China's domestic futures market opened broadly higher on May 20 morning. Baltic Exchange's China Containerized Freight Index (欧线 equivalent) surged over 2%, while crude oil (SC), asphalt, and fuel oil each gained nearly 2%. Other gainers included low-sulfur fuel oil (LU),

According to the Wall Street Journal, the U.S. Commodity Futures Trading Commission (CFTC) is reviewing a surge in crude oil futures trading volume that occurred in March, ahead of the Trump administration's announcement to delay military strikes against Iran. As part of the investigation, the CFTC

On May 20, Bitcoin fell to around $76,700, down from its previous week’s high of $82,000. On May 19, the yield on the 30-year U.S. Treasury briefly rose to 5.198%, the highest level since 2007. Prime Capital Financial Chief Investment Officer Will McGough said, “The bond vigilantes are doing their job right now.” Confirmed data on U.S. Treasury yields Confirmed based on TradingView and CNBC data (May 19, 2026): 30-year U.S. Treasury yield: 5.198% (briefly touched), the highest since 2007; up mor

According to Citi, Brent crude oil is predicted to reach $120 per barrel in the near term, as the market has underestimated long-term supply disruptions and broader tail risks, the bank said on May 20. Under a bullish scenario with gradual reopening of the Strait of Hormuz in the third quarter, Bren

According to Jin10 Futures, crude oil ended its consecutive gains with an overnight correction on May 20, with limited directional guidance from fundamentals weighing on fuel oil trading sentiment. Major refineries narrowed their price hike margins yesterday, while downstream buyers adopted a