Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, lithium carbonate futures contracts broke below the 140,000 yuan mark on September 10, with intraday losses near 2%, marking the first break below this level since August 10.

According to statements on Sept 10, the United States and Venezuela announced a historic agreement to jointly develop the South American nation's oil fields. President Trump declared at the Republican National Convention that Venezuela's proven reserves of 6.5 billion barrels are sufficient for Amer

Japanese stocks opened lower on the morning of September 10, with the Nikkei 225 index falling 363.13 points (0.56%) to 64,779.65 at 9:16 AM, driven by escalating Middle East tensions and rising US interest rates. The decline followed overnight losses in US markets as Brent crude oil

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) futures fell to 142,850 yuan per ton in early trading today (September 10), down 100 yuan per ton from yesterday's 4:30 p.m. close.

On September 10, 2026, Brent crude futures Settlement Price climbed above $101.21 per barrel, while WTI crude approached $96, with both posting their highest closing levels since late May. The direct catalyst for this rally was the ongoing US-Iran military confrontation in the Strait of Hormuz region—the US military launched an Invasion targeting Iranian oil tankers and other targets near Kharg Island, while Iran retaliated with ballistic missiles and declared the strait a “restricted zone.” {cu

According to Yonhap Infomax, South Korea's 10-year government bond futures fell 50 basis points to 104.62 on September 10 morning, driven by surging crude oil prices and geopolitical tensions. Brent crude for November delivery rose 3.36% to $101.21 per barrel overnight—its third consecutive day of g

According to Jin10, ethylene glycol prices in Zhangjiagang rose on Sept 10 amid crude oil's record highs. Spot market quotes reached 7,120–7,140 yuan/ton, with the spread at 10+1,000–1,020 yuan/ton for nearby delivery and 10+920–900 for next

Crude oil futures main contract surged 6% intraday on September 10, reaching 4,171 yuan per ton.

As of 09:30 Beijing time on September 10, WTI crude oil futures rose 0.12%, while U.S. natural gas futures declined 0.92%.

As of 09:30 Beijing time on September 10, New York gold futures rose 0.14%, while silver futures gained 0.15%. Copper futures declined 0.63% during the same period.

POSCO Holdings and Hyundai Steel are facing increased financial pressure as high interest rates compound challenges in South Korea's struggling steel sector. POSCO Holdings projected in its business report from last year that a 1 percentage point rise in interest rates on variable-rate borrowings co

According to DART filings, on September 10, South Korea's major steel manufacturers reported mounting pressure from higher borrowing costs. POSCO Holdings and Hyundai Steel warned that a 1 percentage point interest rate increase would reduce annual profits by 62.1 billion won and 22.1 billion won, r

According to Jin10, on September 9, COMEX gold rebounded to $4,447.2 per ounce, up 0.18%, while Shanghai gold closed at 956.04 yuan per gram, gaining 0.62%. The U.S. dollar index weakened to 98.71, down 0.15%, as the World Gold Council reported that global gold ETF inflows reached $18 billion in

Copper prices hit record highs on May 8 as London Metal Exchange three-month futures reached $14,779 per ton, while COMEX copper closed at $6.8885 on May 9. The surge stems from US Commerce Department tariff proposals triggering stockpiling and supply disruptions at major production sites. This

According to Guru Club, Styrene (EB) futures main contract hit its daily upper limit today, September 10, rising 6% to 10,373 CNY per ton.

Bitcoin (BTC) remains range-bound, trading at around $78,320 as of September 10. U.S. Treasury Secretary Bessent urged the Senate to advance the CLARITY Act, which aims to establish a comprehensive regulatory framework for digital assets. The U.S. Department of Commerce awarded up to $100 million each to three quantum computing companies—Rigetti, D-Wave, and Quantinuum—under the CHIPS Act, and will take minority stakes in the three companies. Macroeconomic Events & Crypto Highlights U.S. Treasur

In the six months preceding the U.S.-Iran geopolitical conflict, Trump’s investment accounts earned Multiple Benefits through active trading in the stocks of nine major U.S. energy companies, benefiting greatly from fears of supply disruptions caused by the conflict. Democratic staff of the U.S. Congress Joint Economic Committee (JEC) estimated in an August report that Trump’s broader oil and gas portfolio had increased in value by as much as $15.5 million this year. Office of Government Ethics

SC crude oil main contract rose over 8% intraday on September 10, trading at 780.30 yuan per barrel.

LPG futures surged 200 yuan intraday, reaching 6,969 yuan per ton, up 2.95% on September 10.

According to Guru Club, pure benzene futures main contract hit the daily price limit on September 10, rising 6% to 9,227 yuan per ton.