Commodities (Crude Oil & Copper) & Macro Outlook

The Europe route main contract of the Shipping Index rose 4.00% intraday today, reaching 2,449.5 points.

According to Golden Ten Data, WTI crude oil surged past $100 per barrel on May 11, with intraday gains expanding to 4.8%.

According to a Yide Futures report on May 11, Iranian crude supply shortages and halted Venezuelan shipments are reducing domestic asphalt output, with May refinery production down over 50% year-over-year. Demand has fallen more than 35% year-over-year as high asphalt prices delay purchases. If

According to CITIC Securities research, the brokerage sees small-cap and growth stock styles as favorable in May 2026. At the macro asset allocation level, CITIC recommends increasing exposure to gold, commodities, and equities. On the sector front, lithium-ion battery and semiconductor industries a

According to China Federation of Logistics & Purchasing, China's April warehouse storage index remained at 51%, marking the second consecutive month in expansion territory. The index reflects steady growth in warehousing demand and smooth supply chain operations. Business activity expectations for A

According to South Korea Customs, during May 1-10, South Korea's exports surged 43.7% year-over-year, while imports grew 14.9%. The trade surplus reached $1.7 billion for the 10-day period.

WTI crude oil touched $99 per barrel today (May 10), up 3.80% intraday.

According to Hongyuan Futures, Shanghai tin futures broke through the 400,000 yuan per ton level last week, hitting a high of 430,700 yuan per ton, with a weekly gain of nearly 10%. Macro sentiment recovery and rising AI sector demand drove the rally, while the U.S. Federal Reserve maintained

According to shipping intelligence firm Kpler, two crude oil tankers carrying a combined 4 million barrels disabled tracking signals while transiting the Strait of Hormuz last week to evade Iranian attacks. The Basrah Energy, a very large crude carrier (VLCC), loaded 2 million barrels of Upper

Saudi Aramco (Saudi Aramco) has released its Q1 2026 financial results. Its adjusted net profit came in at $33.6 billion, up 26% year-on-year and beating market expectations. The profit growth was mainly driven by higher international crude oil prices, as the company rerouted exports through its East-West pipeline to bypass the blockaded Strait of Hormuz (Strait of Hormuz). The conflict in the Middle East caused shipping in the area to come to a standstill, pushing Brent crude oil futures to bre

On Sunday, May 4, Indian Prime Minister Narendra Modi urged citizens to adopt conservation measures including reducing fuel consumption, working from home, limiting travel, and restricting imports, citing pressure on the country's foreign exchange reserves from surging global energy prices. Modi

According to Iran's Tasnim News Agency, Iran proposed on May 10 that the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) lift sanctions related to Iranian oil sales within 30 days, citing informed

According to 10data, U.S. April CPI is expected to rise 0.6% month-over-month on Tuesday, May 12, with gasoline prices surging over 50% since late February to above $4.50 per gallon, pushing up prices for airfare and other services. Core CPI, which excludes food and energy, is also accelerating

According to Golden Ten Data, Shanghai gold futures fell 0.21% to 1,037 yuan/gram, Shanghai silver futures rose 0.09% to 19,864 yuan/kilogram, and SC crude oil futures climbed 0.58% to 626 yuan/barrel at the close on

According to ECB Governing Council member Negrel on Friday, the European Central Bank is "highly vigilant" regarding rising inflation risks due to the Iran war and will take action as needed to prevent energy cost increases from spreading more broadly to prices. Negrel emphasized that while the

Federal Reserve official Austan Goolsbee is attempting to determine whether energy shocks will continue, according to recent comments.

According to NBC News, U.S. Energy Secretary Wright said on May 10 the Trump administration is open to all ideas, including suspending federal fuel taxes, to lower gas prices. The national average gas price has surged to $4.52 per gallon on Sunday, up more than 50% since the Iran conflict began,

According to Saudi Aramco CEO Amin Nasser, global oil supplies declined by approximately 1 billion barrels over the past two months as of May 10. Nasser noted that even once energy flows normalize, the overall system will require additional time to return to regular

According to Morgan Stanley reported by Jin10 Data on May 9, global crude oil inventories are being depleted at a record daily rate of 4.8 million barrels between March 1 and April 25, as the Iran conflict disrupts Persian Gulf shipping. Crude oil accounts for approximately 60% of the inventory

According to PANews, U.S. Energy Secretary Wright said on May 10 that the U.S. has temporarily halted the "Freedom Plan" operation. Wright stated that achieving a Strait of Hormuz-related agreement with Iran through negotiations would be the best