Commodities (Crude Oil & Copper) & Macro Outlook

According to KazTransOil, Kazakhstan's national oil transportation company exported 125,000 tons of crude oil through the Baku-Tbilisi-Ceyhan (BTC) pipeline in April.

According to KazTransOil, Kazakhstan exported 290,000 tons of oil to Germany in April.

According to Hong Kong Exchanges and Clearing CEO Vera Chen, the London Metal Exchange's approved warehouses in Hong Kong have expanded from 4 to 15 since last year, with storage capacity approaching saturation. Chen stated during an LME Asia Week seminar that the expansion represents a

According to the Japan Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 275,467 thousand liters to 8,409,487 thousand liters for the week ending May 9, compared with 8,684,954 thousand liters in the prior week. PAJ's refinery operating capacity utilization (BPSD)

According to Saudi Aramco CEO Amin Nasser, WTI crude futures climbed above $99 per barrel on Tuesday as geopolitical tensions escalated over Strait of Hormuz closure risks. President Trump rejected Iran's latest peace proposal, citing concerns that the ceasefire agreement is "in jeopardy,"

According to Jin10 data, on May 13, truck drivers in India faced severe fuel supply challenges, with one coal truck driver traveling nearly 80 kilometers and checking 15-16 fuel stations without finding diesel. The driver was eventually forced to stop as the fuel tank ran nearly empty. A fuel statio

According to Glontech, lithium carbonate futures fell over 4% intraday on May 13, dropping to 197,520 yuan per ton. The contract had risen nearly 2% earlier in the session before reversing course.

According to a May 13 report by CommBank, U.S. stocks were mixed on Tuesday: the Nasdaq index fell 0.7% from its all-time high, closing at 26,088.20 points; the S&P 500 index fell 0.2%, closing at 7,400.96 points; the Dow Jones Industrial Average rose 0.1%, closing at 49,760.56 points. On the same day, Brent crude oil rose 3.4% to $107.77 per barrel. AI concept stocks pull back: Intel, Micron Technology, CoreWeave lead the declines According to a CommBank report, on Tuesday the biggest decliners

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) midprice reached 201,350 yuan per ton this morning, up 1,900 yuan from the previous day's 16:30 closing price.

According to Jin 10 Futures, as of 09:30 Beijing time on May 13, WTI crude oil futures fell 0.69%, while U.S. natural gas futures declined 0.70%.

According to Jin 10 Futures, London three-month nickel closed lower on May 13, settling at $18,955 per ton with a decline of 1.6%. China's Shanghai nickel futures also retreated, closing at 145,650 yuan per ton, down 0.88%. Market sentiment remained pressured as geopolitical tensions

China's domestic futures opened with mixed performance this morning (May 13), with low sulfur fuel oil (LU), SC crude oil, and liquefied petroleum gas (LPG) rising over 2%, while metallurgical coal dropped over 3% and coke fell over 2%. International copper and fuel oil gained over 1%, synthetic

The Shanghai Containerized Freight Index (Europe route) main contract climbed over 3% today, closing at 2536.0 points.

China's Containerized Freight Index Europe route main contract rose 58.5 points intraday today to 2,520.0, gaining 2.38%.

On May 13, Bitcoin fell back to $80,700. According to data released Tuesday by the U.S. Bureau of Labor Statistics (BLS), the U.S. April Consumer Price Index (CPI) rose 0.6% month-over-month, with the year-over-year increase reaching 3.8%, higher than economists’ expectations of 3.7%. On the back of the data, according to the CME’s “FedWatch” tool, the probability that the Federal Reserve will hike rates by 25 basis points in December rose to over 30%. April CPI Data Background: Hormuz Blockade

WTI crude oil declined over 1% during intraday trading on May 13, currently trading at $101.25 per barrel.

According to CITIC Securities research, metal sector performance diverged in 2025 and early 2026, with tungsten, lithium, lead-zinc and rare earth magnets leading gains, while aluminum, copper, nickel, cobalt, tin, antimony and gold lagged. Current valuations remain reasonable, with aluminum, copper

According to Golden Bull Futures, PTA spot prices in East China are expected to trade in the range of 6560-6660 yuan/ton on May 13, pressured by weak industrial demand despite crude oil's three-day rally.

According to a CITIC Securities report, U.S. inflation remained elevated in April, with rental cost increases pushing core inflation higher amid ongoing Middle East tensions. The bank noted that high inflation continues to erode household purchasing power, with low-income families facing sharper cos

According to the U.S. Department of Agriculture supply and demand report, CBOT soybean futures closed up 1% on Tuesday (May 12), with the benchmark contract gaining strength on supportive supply and demand data. The USDA's monthly forecast showed new-crop soybean production at 4.435 billion