Commodities (Crude Oil & Copper) & Macro Outlook

Brent crude oil fell below $102/barrel today, declining 1.06% intraday as global energy markets continue to adjust to shifting supply and demand dynamics.

According to Jin10 Futures and Longzhong Information on May 14, average float glass profit margins rebounded 2.47 yuan per ton to minus 98.38 yuan/ton for the week of May 8-14. Among three fuel types, natural gas-fired float glass averaged minus 132.80 yuan/ton (up 2.15 yuan/ton week-over-week),

According to Iran's state television, since last night, Iran has allowed 30 vessels to transit through the Strait of Hormuz.

Gate News: According to the latest Gate TradFi data, COTTON (Cotton) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to multiple representatives cited by foreign media on May 14, OPEC+ key members plan to continue phasing in production increases over the coming months to restore the remaining portion of previously suspended capacity by the end of September. The group has formally agreed to recover

Eneos Holdings announced on May 14 that it will acquire a 50% stake in Singapore Refining Company and other assets across Southeast Asia and Australia from US oil major Chevron for approximately $2.2 billion, marking the Japanese company's first refining operation outside Japan. The deal, which

OPEC+ representatives announced on May 14 that the organization plans to complete a series of quota increases while maintaining symbolic monthly production increments. The officials reiterated OPEC+'s commitment to the ongoing production adjustment

In May 2026, the consecutive “blowout” of U.S. inflation data is profoundly rewriting the pricing logic for global risk assets. In data released by the U.S. Bureau of Labor Statistics on May 13 local time, April’s Producer Price Index (PPI) rose year over year to 6.0%, far above the market expectation of 4.9%, and surged 1.4% month over month, marking the largest single-month increase since March 2022. After excluding food and energy with higher volatility, core PPI climbed 5.2% year over year,

According to Statistics South Africa, the country's platinum group metals production increased 10.5% year-over-year in March.

On May 14, polyester downstream producers in China's Zhejiang region reported significantly weakened production and sales activity. Polyester filament (POY) capacity utilization dropped to 2–3%, while polyester short fiber average production reached 79%, reflecting marked demand softness across

Behavox has expanded its Polaris trade surveillance platform to add prediction markets as the tenth asset class covered by the system, with beta access now available to existing customers. General availability is expected in summer 2026. The expansion responds to increased regulatory scrutiny and c

According to Jin10 Futures, on May 14, the Dalian Commodity Exchange (DCE) released daily warehouse receipt data across 18 commodity futures contracts. Soybean meal futures warehouse receipts surged by 4,500 lots to 36,580 total, marking the largest single-day increase. Ethylene glycol futures

According to Shanghai Futures Exchange data released on May 14, aluminum futures warehousing receipts increased by 8,339 tons from the previous trading day, reaching 472,473 tons. Among other major commodities, white silver rose by 8,829 kilograms to 876,996 kilograms, while copper futures

Taiwanese stocks, U.S. stocks, and the Trump family have recently hit new highs one after another. Despite the U.S.-Iran conflict not yet coming to an end, oil prices remain elevated. In her latest release, “Wu Danru’s Practical Business Institute for Life,” well-known author and TV host Wu Danru issues a warning: an obvious inflation “gray rhino” is about to arrive! She also shares her personal observations and asset allocation viewpoints on the current overall macroeconomic environment. Wu Dan

According to three sources reported by Jin10, Indian Prime Minister Modi will visit the United Arab Emirates on Friday (May 16) to discuss long-term energy supply agreements and seek support for expanding India's strategic petroleum reserves. The UAE is the first stop of Modi's five-country tour

According to Singapore Enterprise Development Board (ESG), middle distillates inventory for the week ending May 13 rose 279,000 barrels to 10.356 million barrels, marking a two-week high.

According to Singapore Economic Development Board, Singapore fuel oil inventories rose 206,000 barrels to 20.081 million barrels for the week ended May 13, marking a three-week high.

According to Singapore's Economic Development Board (EDB), light distillate oil inventories rose 53,000 barrels to 14.929 million barrels for the week ending May 13, marking a two-week high.

WTI crude oil gained 1.00% intraday on May 14, trading at $102.09 per barrel. Brent crude oil rose 0.93% during the same period.

The Turkish Central Bank raised its oil price assumption for 2027 to $75.4 per barrel, according to its latest report, up from a previous estimate of $56 per barrel.