Commodities (Crude Oil & Copper) & Macro Outlook

On July 17, Chinese commodity futures opened with sharp declines in early trading. Shanghai silver and palladium fell over 3%, platinum and soda ash dropped more than 2%, while cotton and glass declined over 1%. Lithium carbonate rose over 2%, with Shanghai lead and liquefied petroleum gas gaining o

According to Jin10 Futures, LPG prices in South China saw narrowing gains on July 17, as downstream inventory remained elevated and buying sentiment weakened. Softer international crude prices and lingering geopolitical uncertainties further dampened market

According to Jin10 Futures, WTI crude oil futures recorded six consecutive gains as of July 17, driven by escalating U.S.-Iran tensions and elevated geopolitical risk premium amid low inventory levels, according to Sun Fukun, deputy general manager of Huayuan Futures. Crude's underlying dynamics

According to Jin10 Futures, CBOT soybean oil futures closed lower on Thursday, with the benchmark contract declining 0.5%, primarily driven by weak crude oil futures and unwinding of crushing spreads. Meanwhile, the U.S. Department of Agriculture's weekly export sales report showed that soybean oil

According to Zhitong Finance, major semiconductor chemical suppliers have announced price increases for electronic-grade chemicals in the third quarter, with Formosa Plastics and Hsiny confirming rate adjustments. Formosa Plastics, a key Asia-Pacific supplier of G5-grade electronic hydrofluoric

Marex Group has begun accepting Circle's USDC stablecoin as initial margin collateral for regulated derivatives positions through its US futures commission merchant business. The service, supported by Coinbase custody and conversion systems, follows a December 8, 2025 no-action letter from US

According to Marex, the company has begun accepting Circle's USDC stablecoin as initial margin collateral for regulated derivatives positions, with Coinbase providing custody, conversion, and reporting. Prime Trading, a proprietary trading firm, completed the first transaction, transferring USDC to

According to Iran's Supreme Leader Advisor Muhbir, attacks on Ahvaz and Shahir on July 16 are part of the same operation targeting civilians, linked to an earlier attack on a school in Minab. Muhbir warned that strikes on Iran's infrastructure could disrupt energy supply across the region and pose s

IEA chief Fatih Birol warned over the coming weeks of growing energy security concerns if oil and natural gas flows through the Strait of Hormuz do not improve.

According to the Philadelphia Federal Reserve, the regional manufacturing activity index jumped 31.1 points to 41.4 on July 16, far exceeding analyst expectations of 13.0 and hitting its highest level since April 2021. Meanwhile, the U.S. Labor Department reported that weekly jobless insurance

According to Yonhapinfomax, oil prices declined on July 16 (U.S. Eastern Time) as negotiations between the U.S. and Iran continued despite Tehran's threat to blockade the Red Sea. August WTI crude fell 0.82% to $78.95 per barrel, while September Brent crude dropped 0.85% to $84.23 per barrel on the

According to Jin10's tracking, the U.S. conducted its sixth consecutive night of strikes on Iranian targets on July 17, hitting military bases and infrastructure. Iran's Revolutionary Guards claimed strikes on U.S. positions at bases in Kuwait and Jordan, while the Islamic Revolutionary Guard

According to Xinhua News Agency, Brazil's Foreign Minister Mauro Vieira criticized U.S. Secretary of State Rubio today for attacking President Lula in a "rude and arrogant manner." Vieira stated that the U.S. announcement of 25% tariffs on certain Brazilian products lacks "any valid justification" a

According to EU Copernicus satellite imagery, at least four oil tankers are transporting cargo near UAE's Fujairah port and Oman's Sohar port. These areas serve as major transshipment hubs for vessels transiting the Strait of Hormuz, which then redirect cargo to final destinations. The timing of ves

According to New Mexico State Land Commissioner on July 14, the state regulator rejected Energy Transfer LP's application for natural gas pipeline right-of-way and commercial lease, determining that the project does not serve the state's best

According to Venezuelan officials, Venezuela targets oil production of 1.4 million barrels per day by the end of 2026. The announcement reflects the country's efforts to ramp up energy output amid broader economic

On Thursday, July 16, emerging markets ETF fell 2.10%, while gold ETF and Barclays U.S. convertible bond ETF both dropped 1.98%. U.S. crude oil fund, Nasdaq-100 ETF, and related equity indices declined between 1.64% and 0.54%. Meanwhile, U.S. real estate ETF rose 2.26% and VIX call ETF

White House Press Secretary Caroline Leavitt stated on the 16th (local time) that Iran continues dialogue with the United States and has expressed willingness to reach an agreement. Leavitt made these remarks during a press briefing when asked whether US-Iran negotiations were at a standstill,

Alcoa reported second-quarter sales of $3.97 billion, falling short of analyst expectations of $4.02 billion.

According to Jin10, crude oil futures declined on July 17. WTI crude for August delivery fell 65 cents to $78.95 per barrel, down 0.82%, while London Brent crude for September delivery dropped 72 cents to $84.23 per barrel, down 0.85%.