Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, China's Containerized Freight Index Europe route futures main contract fell 7% intraday on July 9, reporting at 2,355 points.

According to Guru Club, the Shanghai Container Freight Index (Europe route) main contract fell 6% intraday on July 9, now trading at 2391.5 points.

Bitcoin (BTC) fell back to around $62,000 on July 9. Earlier, the U.S. Federal Reserve (Fed) released the minutes of the June 16-17 FOMC meeting. The 12 voting members voted 12-0 to keep the target range for the federal funds rate unchanged at 3.50%-3.75%, and formally removed “a dovish bias” from the statement, which immediately triggered a sell-off in U.S. stock equities. Key takeaways from the Fed’s June FOMC meeting minutes: Interest rate 3.50%-3.75%, removal of dovish bias (Source: Fed webs

US President Donald Trump shared a photograph on July 8 showing an Israeli strike on an Iranian oil depot from June 15, 2025, falsely claiming it depicted a recent US military attack on Iran. Trump posted the image on Truth Social, writing it was "in retribution for yesterday's bombing of ships by I

According to a post on Truth Social on July 8, US President Donald Trump shared a photograph of an Israeli strike on an Iranian oil depot from June 2025, claiming it depicted a recent US military attack on Iran. The image showed fire and smoke from

Bank of Korea Governor Shin Hyun-song is scheduled to testify at the National Assembly Finance Committee on this date as the central bank's blackout period begins. The Seoul bond market is closely watching for any policy signals despite communication restrictions ahead of next week's rate

South Korean bond market participants focused on Bank of Korea Governor Shin Hyun-song's remarks during the parliamentary Finance and Economy Committee report on this day. The silent period begins on this day, limiting the likelihood of significant monetary policy information. International oil

Hyundai Glovis is forecast to report a temporary profitability decline in Q2 2026, with operating profit expected to fall 9.85% year-over-year to 485.8 billion won despite revenue growth of 7.21% to 8.0578 trillion won. The profit contraction stems from concentrated oil price burden during the

According to Jin10 Futures, on July 9, Iran vowed a large-scale strike on U.S. military bases. The statement sent international oil prices to higher levels amid heightened geopolitical tensions.

According to Jin10 Futures, Brent crude oil surged 5.2% to its highest level since June 19 on Thursday morning (July 9), driven by U.S. President Trump's threats of fresh strikes on Iran, which sparked concerns over potential disruptions to Strait of Hormuz shipping. Chicago soybean oil futures

According to Jin10 Futures, international crude oil prices surged on July 9 amid market concerns over a potential new blockade of the Strait of Hormuz, with strong cost support and multiple maintenance outages at PX facilities driving tight spot

According to Colombia's National Hydrocarbons Agency (ANH), the country's commercial natural gas production declined 10.4% year-over-year in May, falling to 717 million cubic feet per day.

According to Colombia's National Hydrocarbon Agency (ANH), the country's oil production declined 2.8% year-on-year in May, averaging 728,835 barrels per day.

According to CNN, oil tanker traffic in the Strait of Hormuz has 'essentially stopped' on July 8 as the outlook for a U.S.-Iran 60-day ceasefire agreement remains uncertain.

According to Jin10 Futures, CBOT soybean futures closed down 0.8% on Wednesday, July 9, retreating from a one-month high reached the previous day. The decline primarily reflects easing weather concerns in the U.S. Midwest, as updated forecasts showed reduced weather threats to the region, causing th

According to Seoul Bond Market, South Korea's government bond futures fell overnight on July 9 amid a surge in international oil prices. The 3-year government bond futures contract declined 17 basis points to 102.95, while the 10-year contract dropped 35 basis points to 105.56. Foreign investors

SK Securities maintained a 'buy' rating on Lotte Energy Materials (020150) on July 9 while lowering the target price from 90,000 won to 60,000 won. Analyst Park Hyung-woo cited expectations that 2027 copper foil supply shortages will benefit the company's AI substrate circuit board business

According to NATO summit statements and reports compiled by Jin10, NATO member states committed to providing €70 billion in support for Ukraine in 2026 on July 8-9. Meanwhile, Ukraine's drone forces struck nine Russian "shadow fleet" oil tankers in the Sea of Azov overnight, with two vessels

According to Wenhua Finance data, Shanghai Containerized Freight Index (Europe route) futures main contract retreated sharply from a June 11 intraday peak of 4096 points to a July 7 low of 2412 points, with cumulative losses exceeding 40 percent over the

US tech stocks rebounded on May 8 (local time), with the Nasdaq rising 0.20% to 25,870.65 as semiconductor and AI infrastructure stocks attracted bargain hunting following recent declines. The recovery followed President Trump's statement that 'war will not restart' regarding US-Iran tensions,