Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 data, on May 15, India raised gasoline and diesel prices by approximately 3 rupees per liter (about $0.03), marking the country's first fuel price increase in four years amid global oil price surges. Retail diesel in Delhi

According to Jin10 Futures, as of 09:30 Beijing time on May 15, WTI crude oil futures rose 1.48%, while U.S. natural gas futures gained 1.17%.

According to Mexico's President Claudia Sheinbaum, Pemex CEO Victor Rodriguez is set to resign, and will be replaced by Chief Financial Officer Juan Carlos Carpio.

According to Guru Club, commodity futures fell sharply on May 15, with silver dropping 5.58% and palladium down 4.80%. Platinum declined 4.23%, natural rubber (20号胶) fell 3.11%, and lithium carbonate

Bitcoin (BTC) rebounded to about $81,500 on May 15. This rebound was supported by two factors: the U.S.-China leaders’ summit eased the market’s near-term anxiety about the Iran war; and progress in the Senate Banking Committee’s review of the CLARITY Act provided a short-term catalyst. Strong U.S. PPI data continued, and the yield on the 10-year U.S. Treasury fell to around 4.46%, putting pressure on expectations for a FED rate cut. U.S.-China Summit and the Iran Situation: A Shift in Market Se

According to Jin10, Japan's 10-year government bond yield rose to 2.665% on May 15, reaching its highest level in approximately 29 years. The surge reflects selling pressure in the bond market driven by inflation concerns from rising oil prices and market worries over fiscal deterioration

According to Japan's central bank, naphtha prices rose 83.2% month-over-month and 79.4% year-over-year in April.

According to Bank of Japan officials, chemical prices in Japan rose 9.2% year-over-year in April, marking the fastest increase since September 2022.

According to a Bank of Japan official, wholesale prices in April saw their largest year-on-year increase since May 2023, driven by rising costs across oil, chemicals, and other commodities. The price surge reflects uncertainty surrounding Middle East conflicts and the effective closure of the

Japan's corporate goods price index rose 2.3% month-on-month in April, significantly exceeding the forecast of 0.8% and matching the previous month's 0.8% figure. The stronger-than-expected reading suggests continued inflationary pressures in Japan's corporate goods

Japan's domestic corporate goods price index rose 4.9% year-over-year in April, exceeding the expected 3% and accelerating from 2.6% in the prior month.

According to Jin10 Futures, China's 92 gasoline prices declined this week, averaging 8,045 yuan/ton, down 67 yuan/ton from the previous week, while 0 diesel fell 21 yuan/ton to 7,293 yuan/ton. Crude oil prices surged then retreated during intraday trading as refinery output remained at low levels an

According to the China Futures Association, China's futures market recorded cumulative trading volume of 3.456 billion contracts and cumulative trading value of 331.47 trillion yuan for the first four months of 2026, with year-over-year increases of 30.02% and 42.75%,

According to CFTC data, U.S. cotton On-Call unsold orders reached 64,840 contracts as of May 8, up 3,943 contracts week-over-week. Buying orders rose to 71,385 contracts, up 1,313 contracts. For ICE cotton futures, the 2607 contract showed 19,865 unsold seller positions, down 384 contracts,

On May 14, Chile appointed economist Bernardo Fontaine as chairman of Codelco, the state-owned copper company, replacing Maximo Pacheco. The government also appointed new board members Luz Granier and Alejandro Canut, and will launch an external audit into production issues. The appointments come as

U.S. Treasury Secretary Scott Bessent predicts that inflation pressures will ease quickly, even as energy-driven price spikes are likely to reverse. Speaking ahead of new Federal Reserve Chair Kevin Warsh's appointment, Bessent noted that supply shocks lack longevity. "There's nothing more

South Korea's export price index rose 40.8% year-over-year in April. The previous month's reading was revised from 28.70% to 29.5%.

South Korea's import price index in April increased 20.2% year-over-year. The previous month's figure was revised upward to 20.4%, compared to the initially reported 18.4%.

Venezuela's acting central bank governor reported that the oil sector contracted 2.1% in Q1 2026, while the non-oil sector expanded 3.1% during the same period.

On May 14, WTI June crude oil futures closed at $101.17 per barrel. NYMEX June natural gas futures settled at $2.894 per million BTU, while June gasoline futures closed at $3.6057 per gallon and June heating oil futures at $3.9056 per gallon.