Commodities (Crude Oil & Copper) & Macro Outlook

Ryanair's chief executive confirmed this week that the airline's fuel suppliers expect no supply disruptions through mid-July.

According to Economies.com analyst, on May 18, Brent crude oil futures extended gains as prices continued to trade above the EMA50 moving average support level. The contract is positioning to challenge key resistance at $109.00, with bulls maintaining control of the near-term trend. The relative st

According to Jin10 Futures, on May 18, soybean meal (43% protein) spot prices showed mixed weakness across China. East China markets weakened, with prices in Taizhou and Taixing down 10 yuan/ton at 2,860 yuan/ton, while Ningbo Jinguang held steady at 2,890 yuan/ton. Guangdong remained flat at 2,840

Fundstrat co-founder and BitMine chairman Tom Lee said on May 18 on X that the selling pressure on Ethereum is coming from rising oil prices, with ETH and oil prices showing a negative correlation at a historical high. On May 17, on-chain analytics firm Lookonchain monitored that BitMine bought 89,026 ETH from exchanges, worth about $197.6 million. Tom Lee’s confirmed analysis: ETH’s correlation with oil prices Based on Tom Lee’s statement on X, he confirmed the following: ETH and oil prices rel

China's aluminum oxide exports reached 520,000 tons in April, up 96.6% year-over-year, with cumulative exports of 1.06 million tons for the year rising 10% from a year ago, according to China Customs data. Rare earth exports totaled 11,041 tons in April, up 35.1% year-over-year, with year-to-date ex

China's Treasury futures closed mixed in early trading on May 18. The 2-year (TS) and 5-year (TF) contracts closed flat, while the 10-year (T) contract declined 0.03% and the 30-year (TL) contract fell 0.12%.

According to reports, on Monday, May 18, Malaysian palm oil futures rose for a second consecutive trading day, supported by strength in Dalian palm oil, Chicago soybean oil, and crude oil prices, as well as a weaker Malaysian ringgit. Meanwhile, Malaysia lowered its June crude palm oil reference pri

DoubleLine Capital CEO Jeffrey Gundlach, who is known as the “king of new bonds,” confirmed on May 18 on Fox News’ “Sunday Morning Futures” that investors will not see a rate cut at the FED’s next policy meeting; DoubleLine’s model shows that the leading digit of the next CPI reading will start with 4, and the impact of the Iran war pushing up oil prices will continue to drive inflation higher. Gundlach’s Two Core Points: Confirmed Data Basis Point 1: 2-year Treasury yields rule out rate cuts po

According to Macquarie strategist Gareth Berry, Japanese government bonds face a structural shortage of buyers, with insurance companies selling and the Bank of Japan remaining a net seller, as of May 18. Global risk sentiment has deteriorated amid concerns over the ongoing closure of the Strait of

According to reports, Japanese rubber futures saw volatility on Monday, May 18, as elevated oil prices triggered inflation concerns among investors and prompted traders to lock in supplies early. A rubber trader based in Singapore noted that strong expectations of further oil price increases are

According to National Bureau of Statistics spokesperson Wang Guanhua, on May 18, April's consumer prices remained on a mild upward trend, with international crude oil price fluctuations having limited impact on domestic oil prices. Wang stated that the effects were concentrated in specific product c

According to Tom Lee, Ethereum's recent selling pressure is primarily attributed to rising oil prices, with the negative correlation between ETH and oil prices reaching historic highs as of May 18. Over the past six weeks, Ethereum's price declined during the period of oil price increases, Lee

According to Jin10 Futures, two earthquakes struck Guangxi Liuzhou on May 18, with a 5.2-magnitude quake at 12:21 AM (depth 8 km) followed by a 3.3-magnitude tremor at 7:41 AM. Per SMM, the seismic activity has not impacted zinc smelting operations in the region, and production continues

U.S. gasoline futures surged past $3.70 per gallon, approaching four-year highs set in early May, as Middle East energy supply concerns intensify. According to International Energy Agency data, the Strait of Hormuz remains largely closed, and energy infrastructure in the Persian Gulf faced weekend a

According to BlockBeats, on May 18, global bond markets experienced a sharp selloff as investors fled amid inflation acceleration concerns. The 30-year U.S. Treasury yield surged to 5.16%, reaching its highest level since October 2023, after oil prices extended gains following President Trump's

On May 14, China Aluminum Group's Chief Accountant Wang Xin and BHP Group's Chief Business Development Officer Luo Hailing held a working meeting. The two parties exchanged views on mineral resource exploration and development, as well as industrial synergy collaboration. Wang Xin stated that China

According to Shanghai Steel Union data, MMLC battery-grade lithium carbonate (early session) traded at 190,100 yuan per tonne on May 18, down 1,250 yuan per tonne from the previous day's 4:30 p.m. closing

Qatar set its June marine crude oil official selling price at a premium of $10.50 per barrel to the Oman/Dubai average, and land crude oil at $11 per barrel premium to the same benchmark.

Robert Kiyosaki, the author of Rich Dad Poor Dad, posted on X on May 13 warning that inflation has two major causes, and reiterated his bullish stance on Bitcoin. He directly urged investors to prioritize investing in real assets such as Bitcoin, gold, silver, and Ethereum instead of holding fiat currency. Kiyosaki has long argued that debt expansion and loose monetary policies erode the value of traditional currencies over time. May 13 Post: Confirmation of the Twofold Inflation Warning Accordi