Commodities (Crude Oil & Copper) & Macro Outlook

According to JPMorgan's report published July 24, global food inflation is projected to reach approximately 5% on an annualized basis in the first half of 2027, nearly doubling from an estimated 2.8% in the first half of 2026. Analyst Nora Szentivanyi attributed the surge to two converging crises: a

According to Jin10 futures on August 28, the Dalian Commodity Exchange reported the following changes in chemical products warehouse receipts: Polyethylene futures receipts stood at 4,199 lots, down 137 lots from the previous trading day; Polyvinyl chloride (PVC) futures receipts reached 119,425 lot

According to Jin10, as of 15:31 on August 28, Chinese commodity futures experienced significant capital outflows from stock index contracts. CSI 1000 September futures saw the largest outflow at 5.718 billion yuan, followed by CSI 300 September at 3.384 billion yuan and SSE 50 September at 1.009 bil

According to French Finance Minister Lescure, summer's unusually high temperatures have dampened GDP growth, with data reflecting what he described as a "terrible summer." Crop yields in certain regions are expected to be "extremely difficult," with the effects set to continue impacting

According to a U.S. Central Command (CENTCOM) commander, American military forces have recently protected approximately 1,500 commercial vessels transporting about 750 million barrels of crude oil through the Strait of Hormuz while simultaneously implementing a naval blockade against

According to INTERFAX, Kazakhstan's oil production has recovered to stable levels following an attack on the Caspian Pipeline Consortium (CPC) pipeline. The CPC, a key energy infrastructure corridor linking Kazakhstan's oil reserves to global markets, had been disrupted by the

According to the Ferroalloy Branch of China Nonferrous Metals Industry Association, industrial silicon futures traded within the 8,700-8,900 yuan/ton range this week, while spot prices remained stable. Ongoing reduction-of-output announcements have fueled market sentiment, though substantial

According to Bloomberg data, the Bloomberg Commodity Index rose 6.4% in August 2026, driven by double-digit gains in precious metals, soft commodities, and grains. Saxo Bank noted the rally reflects increasingly broad-based strength across the commodity

According to Jin10 Futures, Shanghai Futures Exchange fuel oil futures warehouse inventory rose to 95,390 tons on August 28, up 34,970 tons from the previous trading day. This represented the most significant change among energy and chemical futures holdings tracked that day.

According to Jin10, Shanghai Futures Exchange warehouse receipt data on August 28 showed declines across most major commodities. Aluminum futures receipts fell 5,664 tons to 245,510 tons; zinc dropped 2,781 tons to 112,169 tons; refined aluminum warehouse receipts decreased 6,032 tons to 242,678 ton

South Korea's Fair Trade Commission held its first plenary hearing on May 27 regarding alleged government bond bid-rigging by 15 financial institutions, including 10 securities firms and 5 banks. The firms are accused of exchanging bid rate information from January 2020 to June 2023 during governmen

According to China's National Development and Reform Commission (NDRC), effective August 28 at midnight, domestic gasoline and diesel prices increased by 375 yuan ($52 USD equivalent) and 360 yuan per ton,

WTI crude oil declined 1.00% intraday on August 28, trading at $82.11 per barrel.

German import prices rose 6.8% year-on-year in July, according to economic data, coming in below the consensus forecast of 6.9% and up from 6.1% in the prior period.

According to Jin10 Futures, China's asphalt average price rose to 4,700.29 yuan/ton this week, up 141.34 yuan/ton or 3.1% week-over-week on Aug 28. On the cost side, although the Strait of Hormuz remains closed, revival expectations have improved, leading crude oil prices to decline moderately week-

According to CME data, on August 27, energy and precious metals futures showed divergent trading patterns. WTI crude oil volume increased 24,318 contracts to 639,635, with open interest rising 2,394 contracts to 1,911,466. Brent crude oil volume grew 13,696 contracts to 141,740, and open interest

According to JPMorgan's July 24 report "Food Security is National Security," the bank projects global food inflation could reach approximately 5% annualized in the first half of 2027, nearly doubling from an estimated 2.8% in the same period of 2026. Two factors compound the outlook: Middle East co

According to Goldman Sachs strategist Rich Privorotsky on Aug 28, oil price movements may have a greater impact on markets than Federal Reserve Chair Powell's Jackson Hole speech. The bank believes the market may be overweighting Powell's remarks while underestimating oil's influence on inflation an

According to MoneyDJ, USA Rare Earth completed a $1.55 billion capital raise on August 24, with $750 million from the U.S. government funding a special purpose vehicle for the Serra Verde Phase 1 project. The arrangement includes price floors for