Commodities (Crude Oil & Copper) & Macro Outlook

On July 7, 2026, local time, U.S. Central Command announced the completion of a new large-scale military strike against Iran, hitting over 80 targets including Iran's air defense systems, command and control networks, coastal radar stations, and more than 60 small boats of the Islamic Revolutionary Guard Corps. The U.S. Treasury simultaneously revoked the previous 60-day sanctions exemption on Iran's oil sales. Explosions were reported in multiple locations in southern Iran, including Qeshm Isla

According to Guru Club, lithium carbonate (Li2CO3) futures contracts fell 2% today (July 8), trading at 159,840 yuan/ton.

SC crude oil main contract futures rose 6.00% intraday today (July 8), reaching 465.80 yuan per barrel.

According to CoinDesk, Bitcoin slipped 1% to $62,657 on July 7 after the US and Iran exchanged aerial strikes, as traders moved away from riskier assets. Ether, XRP, and Solana fell between 1% and 2.3%, while the Dollar Index stayed above 101 and WTI crude oil rose more than 2% to $72.27.

According to Daiwa Capital Markets, oil price declines have eased the urgency of European Central Bank policy discussions ahead of the ECB's release of June meeting minutes on Thursday (July 10). The analysis suggests that subsequent energy price drops have reduced the importance of future policy de

According to CME data, on July 7, WTI crude oil trading volume and open interest both surged, with volume increasing 163,672 contracts and open interest rising 4,635 contracts compared to the prior trading day. Brent crude oil trading activity also picked up, with volume rising 24,329 contracts,

According to the Korea Development Institute, South Korea's exports surged to $102.25 billion in June, marking a 70.9% year-on-year increase and hitting the $100 billion milestone for the first time. Semiconductor exports reached $44.82 billion, nearly tripling and exceeding $40 billion in monthly e

According to Guru Club, multiple domestic futures rose on July 8. Pure benzene, fuel oil, low-sulfur fuel oil (LU), styrene (EB), and SC crude oil surged over 5%, while methanol climbed nearly 5%, and propylene and polypropylene gained over 4%. Stainless steel (SS) fell nearly 2%, while Shanghai

According to data from the Japan Petroleum Association (PAJ) released on July 8, Japan's commercial crude oil inventory for the week ended July 4 reached 10,600,957 kiloliters, up 335,974 kiloliters from the prior week's 10,264,983 kiloliters. The refinery operating capacity (BPSD) utilization

US stock index futures rebounded during Asian trading on the morning of July 8 despite Middle East tensions. E-mini S&P500 futures rose 0.13% to 7,561.25 as of 10:18 AM Korean time, while E-mini Nasdaq100 futures gained 0.50% to 29,537.00. The recovery followed a US session where the S&P500

According to Yonhapinfomax, U.S. stock index futures rebounded on July 8 morning (Korean time) despite escalating Middle East geopolitical tensions. The S&P 500 E-mini futures rose 0.13% to 7,561.25, while Nasdaq-100 E-mini futures gained 0.50% to 29,537.00 as of 10:18 a.m. KST. Geopolitical tensio

On Tuesday, the Nasdaq 100 fell 1.8% as treasury yields spiked following Iran's attack on a Qatari liquefied natural gas tanker in the Strait of Hormuz, pushing oil prices higher. The S&P 500 ended 0.5% lower, while the Philadelphia Semiconductor Index dropped nearly 5%. Brent crude futures

According to Gate data, crude oil futures main contracts rose collectively today. SC crude rose 5.08% to 461.7 yuan per barrel, while low-sulfur fuel oil (LU) gained 5.59% to 3,983 yuan per tonne. Fuel oil also climbed 5.44% to 3,083 yuan per tonne. Asphalt losses narrowed to a decline of 1.04%, tra

According to BlockBeats, on July 8, the U.S. cancelled Iran's oil sales exemption and expanded military strikes, driving crude prices up approximately 5% as markets repriced energy supply uncertainty. U.S. military elevated shipping threat levels in the Strait of Hormuz to "critical," intensifying r

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil lawsuit on July 8 against North Carolina trader Trevor Vernon and his company Argent Capital Management LLC; the CFTC alleges the two defrauded approximately 60 investors of over $14 million through a commodity pool, losing at least $8.6 million on futures, options, and crypto asset trades. Trevor Vernon’s Fraud Methods: Fake Monthly Reports, Ponzi Structure Operating for Nearly Four Years According to the CFTC’s complaint, Verno

According to the Korea Development Institute (KDI), South Korea's economy maintained a gradual improvement trend in July, driven by robust semiconductor exports and service sector growth despite a slowdown in overall manufacturing production. The KDI, a state-run research institute, reported that ex

According to sources cited by media, Japan's aluminum premium for July to September delivery was set at $395 per ton on July 8, representing a 12%-13% increase compared to the previous quarter.

According to Jin10, workers at BHP's Port Hedland iron ore operations in Western Australia voted on July 8 to stage an eight-hour strike on July 16. The stoppage is expected to disrupt A$120 million (approximately US$83.16 million) in daily iron ore shipments. The strike follows six months of

According to Yonhap News Agency, Japan's Nikkei 225 index fell 834.96 points (-1.22%) to 67,422 as of 9:15 AM JST on July 8, driven by escalating US-Iran military tensions and weakness in US semiconductor stocks. The TOPIX index declined 40.91 points (-1.01%) to 4,021.35. Rising geopolitical

According to Shanghai Steelhome data, MMLC battery-grade lithium carbonate (early session) was quoted at 163,450 yuan/ton on July 8, down 250 yuan/ton from the previous day's 16:30 closing price.