Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) fell to 196,150 yuan per ton this morning (May 14), down 1,750 yuan from the previous day's 4:30 PM price.

According to Jin10, on May 14, a crude oil tanker flying a Panama flag and operated by Japanese major oil company ENEOS successfully passed through the Strait of Hormuz.

According to Guru Club, fuel oil futures contracts fell over 2% on May 14, trading at 4,349 yuan per ton.

According to Guru Club, lithium carbonate futures main contract fell 4% intraday on May 14, trading at 193,720 yuan per ton.

In early trading on May 14, China's Treasury futures market opened with broad gains across all maturities. The 2-year contract (TS) rose 0.01%, the 5-year contract (TF) rose 0.01%, the 10-year contract (T) rose 0.02%, and the 30-year contract (TL)

Bitcoin (BTC) continues a weak downtrend, temporarily around $79,630 on May 14. TAC’s cross-chain layer TON side was attacked by an external attacker, with losses of about $2.8 million. Polymarket’s predicted market monthly trading volume in April fell by about 8.9%, the first decline since August 2025. Macro Events & Crypto Hotspots 1、TON network expansion project TAC disclosed on the X platform that the TON side of TAC’s cross-chain layer was attacked by an external attacker, resulting in loss

As of 09:30 Beijing time on May 14, WTI crude oil futures rose 0.06%, while U.S. natural gas futures climbed 0.35%.

According to a Chaos Chengcheng Futures research report released on May 14, global refined tin supply faces a structural deficit as Peru's energy crisis constrains mine production. Peru declared a national energy emergency after a natural gas pipeline rupture, forcing local mining operations to

According to Chaos Chengcheng Futures research note on May 14, zinc prices rose as global commodity supply risks increased due to Peru's energy emergency triggered by natural gas pipeline damage. The crisis has constrained local mining production, while ongoing closure of the Strait of Hormuz

CME Group and Silicon Data plan to launch the first global cash-settled futures contract anchored to GPU computing power rental rates in 2026, according to a CITIC Securities research report. The product marks a potential milestone in the financialization of computing power as a critical asset

According to the Malaysia Palm Oil Board, crude palm oil futures on the Bursa Malaysia Derivatives exchange may open lower Thursday morning (May 14), tracking declines in international crude oil and soybean oil futures. Malaysia's palm oil inventory reached 2.31 million tons at end of April,

According to Indian government announcement, India banned sugar exports until September 30.

According to Jin10 Futures, on Wednesday (May 14), crude oil retreated after a three-day rally, with gasoline prices rising approximately 50 yuan/ton and diesel advancing 20-50 yuan/ton. The benchmark 0 diesel averaged 7,833 yuan/ton, up 77 yuan/ton from the start of the week, while 92 gasoline

According to trader data, commodity funds on Wednesday made net sales of CBOT wheat and soybean oil futures contracts while net buying CBOT corn, soybean, and soybean meal futures. The funds purchased 3,500 lots of soybean futures contracts during the

Dallas Federal Reserve President Beth Hardie Logan is scheduled to participate in a panel discussion on the energy industry later today. As a 2026 FOMC voting member, her remarks may address energy market dynamics and related policy

According to Shanghai Metals United data, on May 13, battery-grade lithium carbonate spot prices rebounded to 201,400 yuan per ton, surging 26,300 yuan per ton since April 29. Multiple lithium salt producers cited tight supply from disruptions in mining logistics and robust downstream demand,

According to Wind data, China's minor metals sector posted Q1 2026 revenue growth of 39.93% year-over-year, with net profit surging 93.45%. Tungsten and rare earth sub-sectors led the performance, according to institutional research reports cited by China Securities

According to Guru Club, on May 14, WTI June crude futures fell 1.14% to $101.02 per barrel, while Brent July futures declined 1.99% to $105.63 per barrel.

According to Jin10 data tracking, Iran and Israel escalated military posturing on May 14, with the Hormuz Strait at the center of tensions. Iran's military commander stated that controlling the strait would generate economic revenue equivalent to twice oil income, while the U.S. Central Command

According to Fitch, BP is expected to reach the lower end of its $14 billion to $18 billion net debt target by the end of 2026. While the Iran conflict poses limited operational impact to BP, Fitch anticipates the company's credit profile will benefit positively from rising oil and gas