Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Valero Energy's Port Arthur refinery in Texas experienced a partial power outage on the evening of September 2 after Tropical Storm Edouard made landfall. The facility, with a daily production capacity of 385,000 barrels, accounts for 2% of U.S. total refinery capacity. As of

According to preliminary shipping data from Kpler released Wednesday, only 4 commodity vessels transited the Strait of Hormuz on Tuesday, below the previous day's 10 vessels and the 10-day average of approximately 13 vessels. The four vessels comprised 1 ULCC (ultra-large crude carrier), 1 Panamax t

According to Jin10, as of September 2, 11:37 UTC+8, China's futures market recorded significant net outflows across major contracts. CSI 1000 futures (September 2026 contract) led outflows at 6.502 billion CNY, followed by CSI 500 at 4.778 billion CNY and Shanghai Gold at 2.697 billion CNY. On the i

Two oil tankers transporting crude through the Strait of Hormuz were struck on May 31 (local time), according to two maritime security experts cited by the Financial Times. The vessels were identified as the Senegal Prosperity, owned by Korean shipping company Jangkeum Sangson (Sinoco), and the

According to maritime security experts cited by Financial Times, two tankers including the South Korean-owned Senegal Prosperity and Saudi-owned Sidra were hit by unidentified projectiles on August 31 in the Strait of Hormuz. The attacks followed U.S. airstrikes targeting Iranian Islamic

According to Jin10, copper prices fell below $14,200 per ton on September 2, marking the second consecutive trading day of losses as oil rallied for a third straight session, intensifying global growth concerns. Rising tensions around the Hormuz Strait and Iran developments clouded near-term

According to BlockBeats citing TradingBeats, on September 2, U.S.-Iran tensions escalated with mutual strikes, raising supply risks in the Strait of Hormuz. WTI crude oil surged 5.2% to $90.22 and Brent rose 4.6% to $94.65, both reaching five-week highs. Meanwhile, a major short trader (0x0c4a) on H

According to Yonhap Infomax, on Sept 2 morning (Asia market time 9:44 a.m. KST), S&P 500 E-mini futures rose 0.02% to 7,644.00, while Nasdaq-100 E-mini futures gained 0.05% to 29,141.25, amid escalating Middle East geopolitical tensions. WTI crude oil futures surged above $91 per barrel, reaching t

According to CNBC, on September 1, the U.S. military completed airstrikes targeting Iranian air defense, communications, and radar facilities. Iran retaliated by launching missiles at Jordan; the Jordanian military intercepted 10 of 13 missiles, with three falling in remote areas and causing no

The USD-KRW exchange rate remained flat around the 1,370 won level on September 2nd at 9:26 AM, as selling pressure at high levels offset Middle East geopolitical risks. The rate traded at 1,370.70 won, up 0.30 won from the previous Seoul session close of 1,370.40 won. The limited upward movement

U.S. Energy Secretary Wright has arrived in Venezuela. According to Wright's statement, the Trump administration aims to reach new energy agreements, open doors for American businesses, and strengthen energy security across the

According to Jin10, commodity options rallied significantly on September 2 at 10:40. Crude oil 2610 calls surged 482.35% to 24.75 yuan/barrel, PTA 2610 calls climbed 215.79% to 60.0 yuan/ton, methanol 2610 calls rose 212.0% to 39.0 yuan/ton, and plastic 2610 calls gained 206.45% to 47.5 yuan/ton.

According to Shanghai Metals Market, battery-grade lithium carbonate (MMLC) midpoint prices fell 2,000 yuan per ton to 156,750 yuan per ton in early trading today, compared to 16:30 prices yesterday.

South Korea's Ministry of Economy and Finance rescheduled the September 20-year treasury bond auction from September 22 to September 9, according to a notice issued the afternoon of September 1. The auction will feature the 26-10 series bonds instead of the current benchmark 25-9 series. The schedul

U.S. Energy Secretary Wright said on Tuesday after arriving in Venezuela that oil companies will sign an agreement in Caracas on Wednesday to more than double crude oil production over the coming years. Wright added that the Trump administration's recent measures to ease regulations on refining comp

The Trump administration will deploy all available measures to prevent US 10-year Treasury yields from exceeding the 5% threshold, according to a forecast by Oxford Economics released on local time September 1. As of that date, 10-year yields had climbed to 4.79%, driven by investor inflation

According to Foresight News, on August 31, Democratic Representative Eugene Vindman introduced H.R.10199, the "Sell Your Stocks or Step Down Act," proposing to prohibit the President, Vice President, members of Congress, senior federal officials, federal judges, and certain family members from

Bitcoin (BTC) has weakened further, falling back to around $77,360 on September 2. The U.S. Securities and Exchange Commission (SEC) has proposed updating the rules for registered transfer agents to adapt to the era of blockchain and tokenization; the rules have not undergone major revisions since the late 1970s. Singapore is considering allowing cross-border stablecoins jointly issued by multiple parties to be included in its regulatory framework, reconsidering its previous decision to limit th