Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, on September 1, China's commodity futures market closed mostly higher, with ethylene glycol surging over 6% and methanol gaining over 5%.

According to a forum held at South Korea's National Assembly on Sept 1, academics and industry officials raised concerns over the government's proposed consolidation of five state-owned power generators into a single entity. Soongsil University Professor Lee You-soo noted that the five companies

Brent crude gained over 1% intraday today, trading at $91.24 per barrel.

According to Shanghai Futures Exchange, copper, aluminum, zinc, gold, and silver futures warehousing receipts showed mixed movements on September 1. Copper futures receipts fell to 29,766 tons, down 574 tons from the previous trading day. Aluminum dropped to 238,373 tons, declining 3,321 tons.

According to Jin10 and Shanghai Futures Exchange data on September 1, pulp futures warehouse inventory increased to 387,339 tonnes, up 1,464 tonnes from the previous trading day. Petroleum bitumen futures warehouse inventory declined to 8,890 tonnes, down 1,000 tonnes. Inventory levels for fuel

Jingye Steel's official account announced on September 1 that the company raised prices for four steel product categories by 100 yuan per ton, effective immediately. The price increase applies to rebar, medium and heavy plate, hot-rolled coil, and cold-formed products sold through Jingye Sales

According to Beijing Daily, China's Foreign Ministry spokesman Guo Jiakun stated on September 1 that China and Russia are expanding cooperation in the energy sector and other fields under the strategic leadership of both nations' leaders. China remains committed to deepening practical cooperation

According to China's Foreign Ministry spokesman Guo Jiakun on September 1, the U.S. and Venezuela reached a petroleum cooperation agreement involving Chinese enterprises operating in Venezuela. Guo stated that China will ensure its legal

According to CME data on August 31, energy and precious metals futures showed divergent trends. WTI crude oil trading volume increased 207,425 contracts to 672,031 hands, with open interest up 609 contracts to 1,896,523 hands. Natural gas volume surged 56,166 contracts to 417,206 hands, and open int

According to Jin10, Russia's shadow fleet transporting liquefied natural gas from the U.S.-sanctioned Arctic LNG 2 project has nearly doubled in size within less than a year, as of September 1. Analysis of vessel tracking data shows at least 20 ships have now provided transportation services to Arct

Youngpoong-MBK Partners criticized Korea Zinc chairman Choi Yoon-beom's investment structure in entertainment companies, alleging that company funds followed personal investments. The alliance analyzed that 650 billion won out of 690 billion won invested by Won Asia Fund (funded by Korea Zinc) in th

According to GME data, Oman crude oil October official selling price rose to $87.84 per barrel on September 1, up $11.48 from $76.36 in September.

According to China's Academy of Sciences Institute of Process Engineering, the nation achieved a major breakthrough in difficult-to-process iron ore technology today (Sept 1), ending a two-decade research effort. The world's largest magnetized roasting facility for complex iron ore also completed co

According to data released by Kpler on September 1, only 5 vessels transited the Strait of Hormuz on August 31, compared to a 10-day average of approximately 14 vessels. None of the transiting vessels were tankers; 4 ships entered the strait, including 1 empty small-scale liquefied natural gas

According to Guru Club, lithium carbonate futures tumbled 2.00% on September 1, trading at 157,280 yuan per ton. The contract had earlier surged more than 1% during the trading day before the sharp reversal.

According to Vice President JD Vance in an interview with Fox News on September 1, the United States' current focus in its operations against Iran is ensuring that commercial activity can freely transit the Strait of Hormuz. Vance stated that a U.S. military strike on Larrak Island on Sunday aimed t

WTI crude and Brent oil declined about $0.6 per barrel in short-term trading, now trading at $85.48 and $90.42 per barrel respectively.

According to Jin10, aluminum prices rose amid improved market sentiment on September 1, driven by U.S. Treasury expansion of long-term debt buybacks and Nvidia's stronger-than-expected Q2 earnings boosting AI infrastructure investment. On the fundamentals side, downstream demand eased slightly,

According to the Ministry of Trade, Industry and Energy, South Korea's exports in August surged 68.7% year-over-year to $98.25 billion. Cumulative exports for the first eight months of 2026 reached approximately $694 billion, surpassing last year's full-year total. The ministry indicated that

Japan's domestic auto sales (excluding mini vehicles) grew 9.1% year-on-year in August, according to market data.