Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on August 31, U.S. Treasury Secretary Beasley rejected concerns about U.S. debt market turbulence, stating that Treasury bond performance was the strongest among major global bond markets this year. He attributed the recent rise in bond yields to energy prices and Iran conflict-r

The United States struck two Iranian rocket launchers at Larak Island in the Strait of Hormuz late Sunday, triggering declines in US stock futures and pushing oil prices higher. The strikes, described by US Central Command as a response to an imminent threat from IRGC minelaying forces, marked the f

According to Guru Club, PET bottle flakes futures hit the daily limit on August 31, rising 6% to 7,596 yuan per ton.

According to Guru Club, pure benzene futures main contract touched its daily limit today (August 31), surging 6% to 7,983 yuan per ton.

According to Kpler and other shipping data sources, Asia's diesel exports to Africa in August surged to 1.8–2 million tonnes, marking the highest level in at least 4.5 years, as Middle Eastern supply declined sharply due to persistent shipping risks in the Strait of Mandeb and Hormuz. Middle Easter

According to TradingBeats, Polymarket trader tetrose added roughly $3,182 to positions betting on WTI crude touching $90, $95, and $100 by month-end during an overnight oil surge on Aug 31 (3:35–4:07 UTC). The trader completed six consecutive buy orders as implied probabilities for the $100 target s

According to Jin10, today (August 31) China's energy and coal futures surged across the board, with downstream chemical products rallying sharply. Liquefied petroleum gas rose over 8%, crude oil gained more than 7%, coking coal climbed over 6%, while methanol, propylene, polyvinyl chloride, and

According to Guru Club, Brent crude oil futures surged 3% to $90.741 per barrel on August 31, while WTI crude rose 3% to $85.971 per barrel.

According to Kyodo News, Japan plans to purchase 210,000 tons of emergency rice to prevent a sharp price decline. The measure is aimed at stabilizing domestic rice supply and protecting farmers from market

WTI crude oil broke above $85 per barrel today (August 31) with intraday gains of 2.71%. WTI crude futures surged 3.00% intraday, trading at $85.95 per barrel.

According to Fox News, U.S. stock index futures fell late Sunday after the U.S. attacked two Iranian rocket launchers at Larak Island in the Strait of Hormuz on August 30. Nasdaq-100 futures declined 0.64%, while Dow Jones futures and S&P 500 futures fell 0.33% and 0.44%, respectively, at 9:53 PM

According to a survey by Imperial Data Bank Japan released on August 31, approximately 4,923 food items are set to increase in price in September, marking the largest monthly surge this year and roughly triple the volume from the same period last year. The survey covered 195 major food companies.

According to Iran's Islamic Revolutionary Guard Corps, a supertanker was struck by two naval mines and caught fire in the Strait of Hormuz today (August 31), the Iranian state television reported. The vessel halted navigation after being hit. The IRGC stated the tanker was attempting to pass

According to U.S. Central Command, on Aug. 30, the U.S. military struck Iranian Islamic Revolutionary Guard Corps launchers preparing sea mines for deployment in the Strait of Hormuz. CENTCOM stated the operation was preemptive, aimed at blocking an imminent threat to shipping lanes recently

According to Jin10 and market sources, Asian oil refiners have increased purchases of Argentine Medanito crude oil in recent weeks amid supply disruptions in the Middle East caused by the Iran conflict. Refineries in Japan and South Korea have purchased the crude, with at least one cargo loaded

According to Yonhapinfomax, on August 31, South Korean government bond yields rose across the board after U.S. Federal Reserve Chair Kevin Warsh signaled potential rate increases at the September FOMC meeting. The 3-year benchmark yield climbed 5.6bp to 3.851%, while the 10-year yield added 1.8bp to

According to Jin10 Futures, Shanghai rubber (SHFE rubber futures) traded sideways near 18,900 yuan per metric ton on August 31, with intraday lows touching 18,705 yuan. Supply-side pressures persist as Southeast Asia enters its peak harvest season; however, continued rainfall in Thailand and

According to Goldman Sachs on August 31, the bank raised its diesel production margin forecast more than twofold, citing Middle East tensions and the Russia-Ukraine war that are tightening global refining markets. Refinery outages are currently 60% above seasonal normal levels, while finished fuel i

According to Guru Club, on August 31, para-xylene (PX) futures contracts rose 4% intraday to 8,360 yuan per ton.

According to Goldman Sachs (via Jin10), on August 31, the bank raised its profit forecast for diesel production by more than double, citing increased attacks on refineries in the Middle East and Russia that are tightening the global refining market. Goldman Sachs now predicts that refining one