Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures reporting on September 9, Eldorado Gold's McIlvenna Bay zinc mine in Saskatchewan is set to reach full commercial production within coming weeks, amid LME three-month zinc futures surpassing $4,000 per ton for the first time in four years. The metal has gained $1,000 per t

According to Morgan Stanley on September 9, oil traders are becoming increasingly cautious about longer-term positions as Russia-Ukraine and Middle East conflicts cloud market prospects. Traders are concentrating derivatives holdings in shorter time frames of three to six months and taking a more di

Brent crude oil prices recently reached $99.35 per barrel, approaching the $100 mark amid ongoing concerns over Middle East supply, according to Reuters. Simultaneously, the Japanese yen strengthened against the U.S. dollar, moving from around 160 to a range of 154.2-155.7, its strongest

According to market data, geopolitical tensions between the U.S. and Iran intensified today (September 9), with the U.S. military striking Iranian oil tankers near Halki Island and Iran's Revolutionary Guards threatening retaliation against vessels in Kuwait and Bahrain. Meanwhile, Houthi forces

According to Jin10 Data Center, the Chicago Mercantile Exchange (CME) metal commodities trading volume report for September 8 has been updated.

According to CME data released on September 9, on September 8, precious metals and energy futures showed mixed performance. Gold trading volume reached 252,583 contracts with open interest at 411,498 contracts, up 33,011 and down 1,486 contracts respectively; silver volume climbed 13,167 to 59,088 c

Robin Brooks, senior fellow at the Brookings Institution and former chief economist at the International Institute of Finance (IIF) and head of foreign exchange strategy at Goldman Sachs, stated that Brent crude at the $95 level is a 'fair price' reflecting Iran's gradual loss of control over the

US oil prices have surged 41% since July 2nd to approach $95 per barrel, according to a report from @KobeissiLetter. The surge is attributed to geopolitical tensions and increased global demand. Prediction markets currently show a 1.8% probability of crude oil reaching a new all-time high by

According to sources, Iraq is seeking to significantly raise its oil production quota to 6 million barrels per day during OPEC+ capacity review on September 9, aiming to set future output targets based on this benchmark. OPEC+ has commissioned external advisors to assess each member's maximum

According to @KobeissiLetter, US oil prices have surged 41% since July 2, nearing $95 per barrel as of September 9. The dramatic rise is attributed to a combination of geopolitical tensions and increased global

Lotte Chemical and Daehan Oil Chemical surged 12.89% and 11.23% respectively on the 9th as of 1:24 PM, leading a rally in Korean petrochemical stocks amid soaring global energy prices. The gains came as West Texas Intermediate (WTI) crude oil broke above $93 per barrel and Brent crude

According to the Petroleum Association of Japan (PAJ), Japan's commercial crude oil inventory as of September 5 declined to 11.45 million kiloliters from 12.46 million kiloliters the previous week, a decrease of approximately 1.01 million kiloliters. The refinery's operable capacity utilization

According to Bank of America, the U.S. is projected to face a shortfall of 230 gigawatts of generating capacity by 2030, while utilities are on track to add only 93 gigawatts. The gap reflects growing concerns over energy supply capacity as demand continues to rise across multiple

According to Korea Exchange data, on September 9, South Korean refineries and petrochemical stocks surged as crude oil prices climbed due to Middle East tensions. The KOSPI index rose 1.36% to 7,049.09, with refineries and petrochemical companies leading gains. Lotte Chemical (011170)

According to a survey of 34 economists by Jin10, Poland's central bank is expected to hold its benchmark interest rate at 3.75% on Wednesday, as fuel prices have pushed inflation closer to the central bank's tolerance ceiling. The ongoing Middle East conflict has constrained global oil and gas

South Korean government bond yields diverged as of 11:01 AM on the trading day. The 3-year benchmark yield rose 0.3 basis points to 3.901%, while the 10-year yield fell 1.9 basis points to 4.381%. Foreign investors net sold 2,683 contracts of 3-year bond futures and net bought 1,946 contracts of 10-

According to an executive from the Abu Dhabi National Oil Company (ADNOC), cargo insurance costs have risen to 5-6% of cargo value since the Iran war erupted. The elevated premiums reflect increased risk assessments for maritime shipping in the region amid ongoing geopolitical

China's National Bureau of Statistics released August inflation data on September 9, showing the consumer price index (CPI) rose 0.8% year-over-year, exceeding July's 0.5% increase, while the producer price index (PPI) climbed 3.8% compared to 3.5% the previous month. The data represents the

According to China's National Bureau of Statistics, the country's consumer price index (CPI) rose 0.8% year-over-year in August, accelerating from 0.5% in July. The producer price index (PPI) climbed 3.8% year-over-year, up from 3.5% the previous month. Month-over-month, CPI increased 0.4% and PPI r

On Tuesday, U.S. stock indices fell as geopolitical tensions in the Middle East pushed oil prices higher ahead of key inflation data later this week. The S&P 500 ended 0.6% lower, the Dow Jones Industrial Average fell 1.2%, and the Nasdaq 100 declined 0.1%. Brent crude settled around $98 per