Commodities (Crude Oil & Copper) & Macro Outlook

According to Golden Ten Data, tanker AGIOS FANOURIOS I transited Iran-designated waters in the Strait of Hormuz on May 10 and is currently heading to Vietnam via the Gulf of Oman.

According to Gelonghui, Singapore iron ore futures rose 1.15% to $111.7 per ton on May 11, marking the highest level since October 2024.

Iran proposed the U.S. lift sanctions on its oil sales within 30 days on May 11, but President Trump rejected the proposal, calling it "completely unacceptable." The rejection heightens supply disruption risks amid ongoing regional tensions. Barclays and Citi maintain forecasts for Brent crude

According to the Japanese government, a tanker carrying Azerbaijani crude oil destined for Japanese oil company Eneos will arrive in Japan on Tuesday.

Brent crude oil climbed 5% during today's trading session, reaching $103.77 per barrel.

WTI crude oil futures fell to around $86 per barrel on Tuesday, retreating from the previous trading day's gains as Iran signaled willingness to send a delegation to Islamabad for a second round of talks with the U.S. before the current two-week ceasefire expires. The shift marks a change in

On Monday, WTI crude oil futures climbed above $96 per barrel as U.S.-Iran peace negotiations stalled and the Strait of Hormuz remained effectively closed. President Trump instructed negotiators to pause talks, while Iran's President Pezeshkian reiterated Tehran would not participate in negotiations

According to Hong Kong Exchanges and Clearing Chief Executive Officer Olivia Cheng, the London Metal Exchange's approved warehouse network in Hong Kong has expanded from 4 facilities to 15 over the past year, with storage capacity approaching saturation. LME began approving metal warehouses in Hong

According to Glontech, lithium carbonate main contract futures rose over 3% to 204,300 yuan/ton on May 11, marking a new phase high.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) mid-price reached 195,000 yuan/ton today (May 11), up 1,750 yuan/ton from yesterday's 4:30 PM close.