Commodities (Crude Oil & Copper) & Macro Outlook

According to Gate data, WTI crude oil broke below $100 per barrel intraday on May 14, declining 1.07% during the session.

According to Guru Club, two LPG tankers—Symi and NV Sunshine—successfully transited the Strait of Hormuz on Thursday, May 14, carrying cooking fuel from the Persian Gulf toward India. The Symi disabled its transponder before entering the Gulf of Oman, while the NV Sunshine disappeared from radar

According to Guru Club, ADNOC Gas, the natural gas division of the Abu Dhabi National Oil Company, plans to restore 80% production capacity at Habshan, the world's largest gas processing facility, by the end of 2026. Full restoration is expected by 2027. The facility was damaged during an Iranian at

Container shipping rates on the Europe route fell more than 4% in recent sessions as peak-season price increases faced mounting headwinds, according to traders and commodity analysts. Despite major carriers announcing target price increases for late May through June spot contracts, actual

SC crude oil futures main contract dropped 4.00% during intraday trading on May 14, currently quoted at 618.20 yuan per barrel.

According to satellite data firm Tathya.earth, Australian coking coal mines' recovery has stalled on May 14, with activity at Goonyella Riverside and Centurion projects declining after earlier improvements. The Goonyella Riverside operation, a joint venture between BHP and Mitsubishi, has failed

According to Mysteel, on May 14, Indonesia nickel ore prices remained flat. Ni 1.3% Mc40% grade was priced at $30.5/wet ton. Ni 1.6% Mc35% grade traded at $78.54/wet ton (benchmark: $62.04/wet ton), while Ni 1.8% Mc35% grade reached $90.65/wet ton (benchmark: $73.15/wet ton).

CME Group, the world’s leading derivatives market, announced that it will partner with Silicon Data, a leader in GPU market intelligence, to launch the world’s first “Compute Futures” market later this year. The move aims to address the rising price volatility and growing risk management needs in the computing market, whose value is measured in the multi-trillions of Dollars. The contract will be based on Silicon Data’s daily GPU benchmarks for on-demand rental rates, providing the market with a

According to Jin10, European Central Bank Governing Council member Klaas Knot (Editor: name corrected from Kazaks per context) stated on May 14 that if rising oil prices push inflation expectations off anchor, the ECB will be forced to raise borrowing costs. "Oil prices are rising and we see this

According to sources, India requested the U.S. to extend its waiver on Russian crude oil on May 14, citing ongoing disruptions from the 11-week Iran conflict and concerns over energy supply. The U.S. initially authorized the waiver in March and expanded it, with the current authorization set to

On May 14, the Market Oversight Division and the Division of Clearing and Risk of the CFTC (U.S. Commodity Futures Trading Commission) announced that they have issued a no-action letter regarding swap-related recordkeeping requirements and full collateralization event derivatives contract trading data reporting to the Swap Data Repository (SDR), and that they do not recommend enforcement against designated contract markets (DCMs), derivatives clearing organizations (DCOs), and their participants

Japanese investors net sold U.S. government, agency, and local authority bonds totaling 4.67 trillion yen (about $29.6 billion) in the first quarter of 2026 (through March 31), according to balance of payments data released by Japan on Wednesday. This was the largest-scale selloff since Q2 2022. The key factor triggering this selloff was a roughly 50% surge in oil prices during the period, accelerating expectations of inflation. Japan Q1 U.S. Treasury selloff data: Scale, types, and historical c

According to OPEC released today, the cartel downgraded its 2026 global oil demand growth forecast to 1.17 million barrels per day (bpd) from 1.38 million bpd, reflecting weaker economic outlook. Separately, Cuban officials announced the country's diesel and fuel oil supplies have been exhausted, i

According to Jin10 data, the U.S. April Producer Price Index rose 6% year-over-year on May 14, reaching its highest level since December 2022 and exceeding market expectations of 4.9%. The monthly PPI surged 1.4%, driven by increases in both commodity and service prices. Federal Reserve officials

According to Jin10, styrene prices declined sharply this week, closing at 9,950 yuan per ton in Jiangsu market as of May 13, down 590 yuan per ton from May 6, representing a 5.82% drop. International crude oil weakness earlier in the week triggered a broad selloff across chemical commodities,

According to Guru Club, copper prices at the London Metal Exchange retreated 1.9% on May 14, ending eight consecutive days of gains after hitting record closing highs. The pullback reflects fading buying momentum as rising copper prices significantly suppress demand in China, according to analyst

According to JOGMEC (Organization for the Development of the Sakhalin Project), Japan's liquefied natural gas spot contract price reached $19.10 per million British thermal units in April.

According to Jin10 on May 14, India's rupee is expected to remain under pressure on Thursday, hovering near historic lows amid persistent oil price-related headwinds. The prolonged elevated crude oil prices have increasingly strained the currency, prompting India's Prime Minister to recently call

According to PANews, on May 14, CFTC's Division of Market Oversight and Division of Clearing and Risk released a no-action letter, indicating it will not recommend enforcement action against designated contract markets, derivatives clearing organizations, and participants that fail to comply with re

According to Kyodo News, the Japanese government is considering compiling a supplementary budget on May 14 to ease household burden from rising fuel costs. The measure would support families facing higher gasoline prices and utility bills during the summer season, putting pressure on Japan's