Commodities (Crude Oil & Copper) & Macro Outlook

According to Dacheng Asset Management, its Dacheng Crude Oil Securities Investment Fund (QDII), Class A RMB (ticker: 161129), experienced significant premium on the secondary market on July 16, 2026. The fund's closing price was 1.756 yuan per share, while the net asset value stood at 1.5886 yuan as

According to Hengyin Futures, on July 16, China's SC crude oil futures main contract SC2609 closed at 514.7 yuan per barrel. The Strait of Hormuz geopolitical tensions between the U.S. and Iran continue to elevate, pushing Middle Eastern crude export risks higher and supporting a premium in supply-s

According to Mitsubishi UFJ Financial Group, U.S. inflation data came in below expectations on July 16, with the Producer Price Index declining last month. However, the latest escalation of U.S.-Iran tensions could push oil prices higher. Analysts noted that gold's near-term direction hinges on

According to Jin10 Futures, Iran's semifinished steel material exports face near-total paralysis on July 16 following a vessel carrying 43,000 tons of billets sinking in the Strait of Hormuz and new U.S. naval restrictions implemented from July 14. The incident has forced widespread shipping

According to Jin10, India is seeking to localize manufacturing of approximately $51 billion worth of imported goods on July 16, aiming to reduce dependence on overseas suppliers. The initiative targets key manufacturing inputs across industries including textiles and solar panels, with about 100

From 08:15 to 08:30 (UTC) on July 16, 2026, BTC rose modestly by 0.33% over 15 minutes. The trading range was 63,890.3–64,166.4 USDT, with a swing of 0.43%. Despite the small short-term gain, BTC is still down about 0.53% over the past 24 hours. The current quote is $64,250, and overall the market is clearly under pressure. The key drivers behind this unusual move are the sharp escalation in the US–Iran military conflict. The US has reinstated a maritime blockade against Iran and, for the first

U.S. stock futures declined early Thursday, with Nasdaq futures down 0.5%, S&P 500 futures down 0.1%, and Dow futures flat as of 4:00 a.m. ET, as investors monitored escalating geopolitical tensions and semiconductor sector weakness. The declines followed a fifth straight day of U.S. military

According to Yonhapnews, South Korea's EcoproBM held a shareholder meeting on July 16 to address concerns over its 1.2 trillion won capital increase. The company said 765 billion won of the funds will be invested in direct ownership stakes in Indonesia's BNSI nickel refinery. CEO Kim Jang-woo

The Trump administration received a briefing on potential ground troop deployment to Iran on the 14th (local time), Axios reported on the 15th (local time). The briefing presented ground operations as one option to resolve the five-month conflict. The consideration follows a six-day exchange of

According to Singapore Economic Development Board (EDB), as of the week of July 15, Singapore middle distillate stockpiles rose by 396,000 barrels to 9.308 million barrels, marking a 9-week high.

According to Singapore Enterprise Development Board, in the week to July 15, Singapore fuel oil inventories fell 62,000 barrels to 19.115 million barrels, marking a 4-week low.

According to Singapore's Enterprise Singapore (ESG), light distillates stocks fell 417,000 barrels in the week ending July 15, reaching a six-week low of 11.828 million barrels.

According to Axios, on July 15, Trump's administration received a briefing on potential ground force operations as one option to resolve the five-month conflict with Iran. The Wall Street Journal reported that the reviewed plans include intensified airstrikes, bombing underground nuclear

July 16, 2026, 07:30–07:45 (UTC): Within 15 minutes, BTC fell 0.42%, with the price retreating to the $64,208–$64,501 USDT range (Ampl 0.46%). Although the decline looks notable, overall 24-hour volatility is extremely small—only -0.02% to -0.04%—which fits a short-term correction within a narrow-range consolidation, with the market mostly in wait-and-see mode. The core driver behind this move is an escalation in the US–Iran geopolitical conflict. The US launched another round of airstrikes targ

According to Ukraine's Security Service, Ukrainian forces struck two Russian shadow fleet tankers in the Black Sea on July 16 using Mamai marine drones. The damaged vessels, Louise1 and Banda, have been regularly transporting oil for Russia. The Russian government has not yet commented on the

According to Bloomberg, the U.S. launched its fifth consecutive strike on Iran early Thursday (July 16), targeting military installations and a sanctioned oil tanker near the country's main crude export terminal. Iran responded by firing missiles at U.S. bases in Kuwait and Jordan, with Jordanian au

US electricity supply reached 2,234 terawatt-hours in the first half of 2025, up 3% from the prior year and marking a record high, according to clean energy think tank Ember reported by Yonhap Infomax on an unspecified date. The US Energy Information Administration (EIA) attributed much of this

According to Oil Price, citing Ember research and data from the U.S. Energy Information Administration, American electricity supply reached a record 2,234 terawatt-hours in the first half of 2026, up 3% year-over-year. The surge marks the second consecutive year of all-time highs in both power

According to Jin10 Futures reporting on Shanghai Futures Exchange data, as of July 16, pulp futures warehouse inventories increased to 317,833 tonnes, up 2,171 tonnes from the previous trading day. Pulp futures factory inventories held steady at 20,000 tonnes. Among other energy and chemical futures

According to Jin10, French energy giant Total Energies said on July 16 that its second-quarter oil trading business performed strongly amid market volatility triggered by Middle East tensions, while natural gas trading faced headwinds. The company forecast oil trading profits will maintain first-qua