Commodities (Crude Oil & Copper) & Macro Outlook

According to China's Foreign Ministry spokesperson Lin Jian, a Marshall Islands-flagged oil tanker with Chinese crew members was attacked near the port of Al Fujairah outside the Strait of Hormuz on May 8, with its deck catching fire. The Foreign Ministry confirmed that as of the latest update, no c

According to Shanghai Futures Exchange data released by Golden Ten Futures on May 8, energy and chemical futures warehouse inventories saw mixed movements. Fuel oil inventories declined sharply by 54,320 tons to 64,030 tons, marking the largest single-day drop. Low-sulfur fuel oil warehouse inventor

According to China's National Development and Reform Commission (NDRC), domestic fuel prices will rise effective 24:00 on May 8. The NDRC Price Monitoring Center noted that during the current pricing cycle (April 21 24:00 to May 8 24:00), international oil prices rose initially then declined.

Indonesia plans to launch electric vehicle incentives in early June 2026 to cut fuel use and reduce oil imports, according to Finance Minister Purbaya Yudhi Sadewa. The government has prepared a budget for the program targeting 100,000 electric cars and 100,000 electric motorcycles this year.

According to President Zelenskyy, Ukrainian forces attacked Russian oil facilities located in Yaroslavl on May 8, approximately 700 kilometers from Kyiv.

According to Jin Ten Data, Germany's industrial output fell sharply in March due to energy price surges triggered by Middle East conflict, casting a shadow over the country's manufacturing recovery this year. The surge in oil and natural gas prices has particularly impacted Germany, a major energy i

Baltic Shipping Index European route main contract futures surged 4.00% intraday on May 8, reaching 2,383.0 points.

According to CCTV News, on May 1, the Japanese government began additional releases of strategic petroleum reserves from an oil base in Ibaraki Prefecture. The move follows a sharp decline in crude oil imports to Japan due to Middle East tensions, prompting the government to tap reserves to

Iron ore futures climbed above 770 yuan per ton, reaching a one-week high, as China's first-quarter gross domestic product accelerated to 5% year-over-year, exceeding the prior quarter's 4.5% and market expectations of 4.9%. Geopolitical tensions also eased, with reports indicating Washington and

According to freight survey agencies, Malaysia's palm oil shipments fell over 34% month-on-month during April 1-15, with prices holding below 4,500 ringgit per ton near five-week lows amid weak export sentiment. Malaysia's palm oil inventories declined for a third consecutive month to a seven-month

According to Hong Kong Exchanges and Clearing Chief Executive Officer Edith Yip, London Metal Exchange (LME) warehouses approved in Hong Kong are approaching storage capacity saturation. LME began approving metal warehouses in Hong Kong last year, expanding from 4 facilities to 15 currently—a

WTI crude oil declined 0.2% on Friday, while spot gold and silver edged lower. Nikkei 225 futures fell 0.3% during the session.

According to U.S. Secretary of Energy Wright, Iran may continue reducing its oil production as storage capacity becomes fully utilized. Wright's statement reflects concerns over Iran's ability to maintain current output levels given constraints in storage

Analyze the Iran-Iraq Hormuz Strait clashes, including the event of the Iran-U.S. Hormuz Strait clashes, examine the effectiveness of the ceasefire under Trump’s “minor punishment” classification, and explore the structural impact on volatility in the crypto market and Bitcoin’s safe-haven logic.

According to U.S. Department of Agriculture data released May 7, U.S. soybean export net sales for 2025/2026 fell to 143,900 tonnes, marking a season low and down 45% week-over-week. China accounted for 66,900 tonnes of the total, followed by Japan (48,600 tonnes), Indonesia (43,500 tonnes), Saudi A

According to ECB Executive Board member Isabel Schnabel on Thursday, the European Central Bank will need to raise interest rates if energy shocks expand and threaten medium-term price stability. Speaking at an event in London, Schnabel noted that risks have increased in recent weeks as supply

According to Fox News, the U.S. military struck Iranian ports at Kharg and Bandar Abbas early on May 8 (Beijing time), a senior American official disclosed. The official stated the strikes do not represent a resumption of war or termination of ceasefire agreements. The operation followed Iran's laun

According to International Energy Agency Director Fatih Birol, Canada is positioning itself as an ideal energy trade partner as countries seek alternatives following the Iran crisis.

According to CBOT data, corn futures fell 0.3% on Thursday (April 30), driven by weak U.S. export sales and declining crude oil prices. The benchmark contract posted its third consecutive trading day decline, tracking international crude oil markets lower, though late-session technical buying