Commodities (Crude Oil & Copper) & Macro Outlook

According to Goldman Sachs executives on Tuesday, refined product flows through the Hormuz Strait have fallen to 35% of pre-crisis levels, while crude oil flows remain at 70%. Daan Struvyen, co-head of Goldman's global commodities research, noted that Middle East supply disruptions have

On September 8, 2026, crude oil prices continued to fluctuate at elevated levels during the Asian session. Data from Gate 行情 showed that WTI 原油 was quoted at $93.88 per barrel, up 2.95% over 24 hours. Brent crude was quoted at $98.54 per barrel, up 2.23%, and briefly touched $98.92 intraday, reaching its highest price since late July. On the same day, Daan Struyven, co-head of Goldman Sachs’ global commodities research, publicly stated that if invasions targeting shipping in the Middle East esca

According to Hengan Futures on September 8, China's main crude oil futures contract SC2610 closed higher at 720.6 yuan per barrel, driven by attacks on Saudi energy facilities and low traffic through the Strait of Hormuz. China's crude oil imports rebounded month-on-month in August, providing

According to Jin10, Uganda will begin commercial shipments of its Pearl Sweet crude oil in December, targeting daily production of 230,000 barrels within three years. The country's National Oil Company CEO Proscovia Nabbanja stated the medium-heavy, low-sulfur crude will be priced against Brent as t

According to the Indian government, diesel sales in India grew 6.8% year-over-year in August, while petrol sales increased 8.2% year-over-year during the same period.

According to the Indian government, fuel sales in August declined 2.8% year-over-year, reaching 18.61 million tons. The decrease marks a contraction in India's energy consumption as measured by petroleum product

According to Jin10, on September 8, Canadian pipeline operator Trans Mountain announced plans for major capacity expansion to capture growing Asian demand. CEO Mark Mackey stated the company aims to increase western coast throughput to 1.2 million barrels per day by end of 2028, followed by an

According to BlockBeats, LME three-month copper hit a record $14,533 per ton on September 8, surging 17% year-to-date and 47% over the past 12 months. U.S. tariff expectations are redirecting global copper supply, with traders moving large volumes to the United States ahead of potential duties. U.S.

According to Jin10, China completed construction of its first ultra-large liquefied gas carrier (88KVLGC) "Changpingyuan" on the morning of September 8, marking a major breakthrough in domestically designed and built VLGC technology. The vessel measures approximately 230 meters in length and

According to the London Metal Exchange, inventory changes across base metals on September 8 are as follows: zinc inventory increased 2,275 tons, nickel rose 264 tons, copper gained 1,250 tons, and aluminum remained flat. Conversely, lead inventory decreased 3,400 tons and tin fell 80 tons.

According to Odaily and Gate data, Brent crude oil (XBRUSD) broke through $100 per barrel today, currently trading at $100.02, with a 24-hour gain of 1.8%.

According to Guru Club, WTI crude futures rallied over 3% to $94.41 per barrel today (September 8), marking a new high since early June. Brent crude also climbed 2.5% to $94.73 per barrel, the highest level since July 23. The rally was driven by reports that Yemen's Houthi militants launched an

On September 8, Houthi militants announced an attack on Saudi Aramco facilities located in Abha, Najran, and Jizan.

According to Guru Club, Zimbabwe banned antimony and tungsten exports effective immediately on September 8. The ban is part of the government's effort to push mining companies to process more mineral resources domestically rather than exporting raw

Korean stocks retreated on September 8 as KOSPI closed at 6954.52, down 40.87 points (0.58%), after briefly recovering above the 7000 mark during intraday trading for the first time in 15 sessions. The index reached an intraday high of 7171.52 before reversing course in late trading due to rising in

According to the Dalian Commodity Exchange (DCE), on September 8, polyvinyl chloride (PVC) futures warehouse receipts totaled 118,589 contracts, declining 732 contracts from the previous trading day. Polypropylene (PP) futures warehouse receipts reached 27,133 contracts, down 660 contracts

According to Jin10 Futures, pulp futures warehouse inventory on the Shanghai Futures Exchange increased by 7,338 tonnes on September 8, reaching 410,974 tonnes. Other energy and chemical commodities remained unchanged from the previous trading

According to the Shanghai Futures Exchange (SHFE), on Sept. 8, major commodity warehouse holdings recorded the following changes: copper futures warehouses fell to 21,412 tonnes (-1,903 tonnes), aluminum to 217,177 tonnes (-2,697 tonnes), zinc to 91,597 tonnes (-25 tonnes), nickel to 99,179 tonnes (

According to Jin10, on September 8, the Australian dollar reached a 13-year high against the New Zealand dollar at 1.2332, climbing 0.4% as the Reserve Bank of Australia signaled potential further rate hikes while the Reserve Bank of New Zealand indicated its cash rate may already be in neutral

According to Jin10 Futures, as of September 8 at 3:15 PM, China's futures markets recorded the following capital flows: Shanghai copper (2610 contract) saw inflows of 2.16 billion yuan, while CSI 1000 (2609 contract) experienced outflows of 2.215 billion yuan. Coking coal (2701 contract) attracted i