Commodities (Crude Oil & Copper) & Macro Outlook

WTI crude oil fell 1% to $88.74 per barrel intraday on September 4, while Brent crude declined 1% to $93.66 per barrel over the same period.

According to Shanghai Futures Exchange, aluminum futures warehouse receipts on Sept 4 fell to 223,717 tons, down 4,427 tons day-over-day. Copper futures warehouse receipts declined 1,777 tons to 25,781 tons, while zinc and nickel dropped 625 tons and 294 tons respectively. Silver futures warehouse r

According to Jin10 Futures and the Dalian Commodity Exchange (DCE) on September 4, the following inventory changes were recorded for petrochemical futures: polyethylene fell 10 contracts to 4,243; polyvinyl chloride declined 14 contracts to 119,516; polypropylene decreased 302 contracts to 28,025; e

According to Jin10 Futures, Shanghai Exchange fuel oil futures inventories declined by 21,470 tons on September 4, marking the largest drawdown among energy and chemical products tracked by the daily report. Fuel oil holdings fell to 23,770 tons. Low-sulfur fuel oil warehouse inventories also

According to AAA data, U.S. retail diesel prices hit a record high of $5.85 per gallon on Thursday (September 4), surpassing the previous peak set in June 2022. The price surge is driven by supply disruptions caused by the Iran-Russia conflict and persistent global supply constraints, while peak

According to Financial Times reporting on September 4, Trump administration officials, campaign donors, and recently departed government staffers are competing for opportunities to profit from Venezuela's troubled energy sector. Sources reveal that companies with close ties to the Trump administrati

According to Jin10, European natural gas futures prices are on track for a fourth consecutive week of gains on Friday, Sept 4, as Middle East escalation fuels supply disruption concerns. This week's cumulative gain exceeds 7%, with prices rising to their highest levels in over three years. Both Euro

According to Guru Club, lithium carbonate futures fell over 8% intraday on September 4, trading at 141,020 yuan per ton.

According to data from the American Automobile Association (AAA), U.S. diesel prices reached an all-time high of $5.82 per gallon on September 4, marking the highest level since tracking began. The surge reflects ongoing pressures from global energy markets and supply chain constraints affecting

Lithium carbonate futures fell 6% intraday on September 4, trading at 144,100 yuan per ton.

According to the U.S. Energy Information Administration, the United States imported an average of 7.9 million barrels per day (bpd) of crude oil and petroleum products in 2025. Canada was the largest source, supplying approximately 4.5 million bpd or 57% of total U.S. oil imports, more than three ti

According to Guru Club, lithium carbonate futures contracts fell 4.3% intraday on Sept 4, trading at 147,140 yuan per ton.

According to CME data on September 3, energy and precious metals contracts showed increased trading activity and participation. WTI crude oil volume rose to 1,087,142 contracts with open interest reaching 1,925,036, up 166,427 and 6,717 contracts respectively from the previous session. Brent crude o

According to Jin10 Futures, China's LNG ex-plant prices averaged 5,904.12 yuan/ton (approximately USD 812/ton) in the week ending September 3, up 4.24% week-on-week or 239.96 yuan/ton from the previous week. The rally was driven by rising raw material costs, with upstream natural gas bidding prices

According to Jin10 Futures, LNG prices are expected to continue rising next week (Sept. 4 onwards), supported by easing upstream inventory levels. Most LNG plants maintain firm pricing due to high production costs and moderate liquid levels. The predicted weekly average price is 5,934.69 yuan/ton, w

According to Jin10, Chicago wheat futures fell on September 4, marking the first weekly decline in five weeks after a 2.6% drop in the prior session. Russian President Vladimir Putin previously stated that constructive peace negotiations between Russia and Ukraine remain possible, a comment that

According to MoneyDJ, Greenland Mines Ltd. completed its acquisition of the Sarfartoq rare earth project in southwestern Greenland on September 1, 2026. The project is expected to produce neodymium-praseodymium oxide representing approximately one-third of global refined rare earth oxide supply

According to Jin10 data published on Friday, September 4, preliminary shipping data shows only 4 bulk cargo ships transited the Strait of Hormuz on Thursday, down from 9 vessels on Wednesday and well below the 10-day daily average of approximately 15 ships. Kpler data, as of Friday 4:55 UTC (12:55

According to Jin10, oil prices surged on Friday with the largest weekly gain since mid-July, driven by escalating Middle East tensions and renewed U.S.-Iran confrontations. Brent crude rose 7.6% this week while WTI crude jumped 10.4%, both recording their biggest weekly gains since the week ending J

According to Jin10 Futures on September 4, bitumen prices posted significant gains this week, driven by multiple supportive factors. Crude oil prices climbed amid escalating U.S.-Iran tensions and continued closure of the Strait of Hormuz, bolstering feedstock costs. On the supply side, bitumen