Commodities (Crude Oil & Copper) & Macro Outlook

Iran claimed today that seven vessels sustained damage from attacks in the strait, while U.S. President Donald Trump countered the claims as fabricated to artificially raise oil prices. According to Gain Capital's market sentiment gauge, short

According to Shanghai Steel United, MMLC battery-grade lithium carbonate midpoint fell 1,750 yuan/ton in early trading today (October 23), closing at 96,650 yuan/ton.

According to Jin10 Futures, Taiwan's stainless steel mills face pricing pressure for November as rising nickel prices and currency depreciation increase import costs. The New Taiwan Dollar's continued weakness against the U.S. dollar has pushed import costs beyond the 30 USD/ton export price cuts

According to Jin10 Futures, polyester short fiber prices in Jiangsu rose 65 yuan per ton to 8,975 yuan/ton on October 23. The increase was driven by rising crude oil costs pushing up production expenses. Market prices currently range between 8,900 and 9,100 yuan/ton, with buyers adopting a

According to Jin10, Japan's core consumer price inflation exceeded the Bank of Japan's 2% target in September for the first time in nine months, signaling broadening price pressures. Middle East tensions pushing up fuel costs, yen weakness raising import prices, and strong AI-driven demand are

According to Jin10, Zhanggang ethylene glycol market prices declined on Oct 23, with this week's bid at 5,490 yuan/ton and ask at 5,500 yuan/ton. Spot basis stands at 11+380-400 yuan/ton, next week's basis at 11+350-360, and November contract basis at 11+190-200.

On October 23, liquefied petroleum gas (LPG) futures contracts hit daily trading limits during intraday trading, with contracts 2703, 2704, 2705, and 2708 reaching limit-up status. The main contract 2612 gained

According to Guru Club, Brent crude oil hit $110 per barrel on October 23, marking the first time since May 5, with intraday gains of 0.84%.

Bitcoin (BTC) has given back this week’s gains, trading at around $81,450 as of Oct. 23. A Circle shareholder has sued Trump and his family’s World Liberty Financial, alleging a $2 billion deal involving a foreign government entity and Binance. The Commodity Markets Council (CMC) urged the CFTC to hold off on approving Kalshi’s proposed perpetual oil futures contracts. Macro Events & Crypto Hot Topics CoinTelegraph reported that a shareholder of Circle Internet Financial, the company behind the

According to Japanese officials, the Japanese government is considering reducing gasoline subsidies starting as early as December. The move represents a potential shift in the country's energy support policies.

According to Jin10 Futures citing Jin Lian Chuang measurement, on October 23, China's refined oil prices are forecast to increase 305 yuan per ton based on a 5.41% change rate. The reference oil blend averaged 104.80 USD per barrel, with the next pricing adjustment window scheduled for October 29 at

According to Jin10 Futures, on October 23 at 9:20 AM, soybean oil 2611 call options (strike 9000) surged 671.43% to 27.0 yuan/ton, while soybean 2611 call options (strike 4050) gained 383.33% to 14.5 yuan/ton. The fluctuations were calculated based on the previous day's closing

Bitcoin was trading at $81,365 on October 23, giving back its gains for the week. In U.S. stocks, the Nasdaq closed down 694 points (-2.60%) on October 22 at 26,008.86, with tech stocks serving as the main drag. Key reasons for the decline included concerns over AI capital spending, NVIDIA CEO Jensen Huang’s remarks that capital for AI was in short supply, and rising tensions in the Middle East that pushed oil prices to a five-month high. Closing Data for the Three Major U.S. Stock Indices on Oc

Israeli Prime Minister Benjamin Netanyahu faces an early election on the 27th (local time) amid governance challenges, with polling data showing his coalition trailing opposition forces. Recent surveys indicate Netanyahu's governing coalition averaging 48.7 seats, falling short of the 61-seat

According to Israeli.com polling aggregate and Polymarket prediction market, on October 27, Israeli opposition party Yashar is leading in polls with 22.4 seats projected, significantly ahead of PM Benjamin Netanyahu's Likud party at 19.4 seats. Both parties fall short of the 61-seat parliamentary ma

According to Guru Club, on Oct 23, SC crude oil surged 3.16% to 724.2 yuan/barrel. Low-sulfur fuel oil (LU) rose 4.89% to 6,221 yuan/ton, while fuel oil advanced 4.51% to 5,029 yuan/ton, reflecting broad-based strength across energy

WTI crude oil rose 1.00% during intraday trading today, reaching $99.66 per barrel.

LX International's Q3 operating profit is forecast to surge 104.1% year-over-year to 132.2 billion won, according to a compilation of five major securities firms' estimates within the past month by Yonhap Infomax on October 23. The profit jump is driven by rising international coal prices boosting m

According to Jin10 Futures, South China's LPG market maintained stable trading yesterday with subdued purchasing activity as downstream participants remained cautious. Strong international oil prices continued to support upstream sentiment and confidence. The market is expected to hold steady

According to Jin10 Futures on October 23, lithium carbonate futures prices continued to decline, with China's Guangzhou Futures Exchange issuing a risk warning on the evening of October 22. Industry analysts attributed the decline to weakening macro expectations and market repricing of long-term