Commodities (Crude Oil & Copper) & Macro Outlook

Oil and gold markets face key economic data releases this week as traders monitor UK inflation, the ECB rate decision, and British manufacturing data. UK inflation is expected to decline to 2.7% from 2.8% in the Wednesday release at 06:00 GMT, while the ECB is forecast to hold rates steady at 2.40%

According to Jin10, on July 22, Shanghai Futures Exchange energy and chemical warehouse receipts showed mixed movements. Pulp futures warehouse receipts increased by 5,991 tons to 319,520 tons, while fuel oil futures receipts declined by 3,000 tons to 25,960 tons. Most other commodities including cr

According to Suren Thiru, chief economist at the Institute of Chartered Accountants in England and Wales, on July 22, UK inflation is expected to rise sharply this month. Thiru noted that June's moderation in inflation was temporary; the Office of Gas and Electricity Markets (Ofgem) recently

According to Guru Club, on July 22, crude oil and related futures contracts posted sharp gains. SC crude oil jumped 5.43% to 559.5 yuan per barrel, low-sulfur fuel oil (LU) rose 5.09% to 4,930 yuan per

WTI crude oil rose 2% intraday to $86.73 per barrel on Wednesday (July 22), while Brent crude gained 1.4% during the same period.

According to Commerzbank strategist Hauke Siemssen, Brent crude surged to $92 per barrel on July 22, driven by ongoing U.S.-Iran military clashes and Houthi threats to Red Sea shipping. The strategist noted that expected moderation in British inflation data should set the tone for debt markets

In June, the UK's unadjusted core output producer price index (PPI) year-on-year reached 2.6%, up from 2.3% in the previous month, marking a 0.3 percentage point increase.

Britain's June unadjusted core output PPI rose 0.5% month-on-month, while the prior month figure was revised down to 0.7% from 0.8%.

According to UK data, the June unadjusted input producer price index (PPI) came in at 7.3% year-over-year, missing the forecast of 8.6%. The prior month's reading was revised upward to 9.3% from the initially

According to Kpler shipping data, no ultra-large tankers or liquefied natural gas carriers transited the Strait of Hormuz on July 21. Only three general cargo vessels passed through the waterway that day, down from four on July 20.

Equinor, Norway's state-owned petroleum company, announced that scheduled maintenance work in 2026 is expected to reduce daily production by approximately 35,000 barrels of oil equivalent (BOE).

Several key economic indicators and corporate earnings are scheduled for July 22 (Beijing Time). UK June CPI data releases at 14:00, followed by Indonesia's central bank interest rate decision at 15:20. The European Central Bank will announce its interest rate decision at 20:15, including the main r

According to China Customs, China's fuel oil imports in the second quarter of 2026 totaled 2.5187 million tonnes, declining 63.36% month-on-month and 44.35% year-on-year. For the first half of 2026, cumulative fuel oil imports reached 9.392 million tonnes, down 3.62% year-on-year. Gold Credit

According to Yonhap Infomax, on July 22 morning in Asian trading, S&P 500 futures declined 0.06% to 7,541.50, while Nasdaq-100 futures fell 0.09% to 29,288.75, as investors adopted a cautious stance ahead of major tech earnings announcements. Overnight in New York, major indices rallied on better-t

According to BlockBeats, today (July 22), Middle East tensions are escalating amid energy supply disruptions. Hormuz Strait commercial traffic has fallen to approximately 15% of pre-conflict levels as international ship operators evacuate the region. The Red Sea alternative route now faces

Japan's Ministry of Finance announced on July 22 that the country's June exports surged 19.3% year-over-year to 10.929 trillion yen, marking the fastest growth rate since November 2022. The increase was driven by robust semiconductor-related shipments and a weakened yen that enhanced export

According to Japan's Ministry of Finance, the country's June exports rose 19.3% year-over-year to 10.93 trillion yen on July 22, marking the fastest growth since November 2022. Semiconductor exports led the surge, jumping 53.8% as artificial intelligence demand boosted chip demand. Taiwan-bound expo

According to Shanghai Steelhome, MMLC battery-grade lithium carbonate mid-price held steady at 141,400 Chinese yuan per ton in early trading today (July 22), unchanged from the previous day's 16:30 close.

According to Vanda Insights on July 22, Asia's dependence on fossil fuel imports will expose the region to prolonged geopolitical risks. Vandana Hari, founder of the Singapore energy consulting firm, noted that approximately 90% of Asia's primary energy consumption currently comes from oil,

According to Yonhap Infomax, South Korea's government bond futures declined on July 22 as international oil prices surged overnight, triggering a rebound from the previous day's strength. The 3-year Treasury bond futures fell 8 points to 102.80, while 10-year futures dropped 27 points to 104.91.