Commodities (Crude Oil & Copper) & Macro Outlook

According to Singapore Enterprise Development Board, as of the week ended August 26, Singapore fuel oil inventories rose 817,000 barrels to 19.24 million barrels, reaching a three-week high.

According to Singapore Economic Development Board, Singapore's middle distillates inventory rose by 153,000 barrels to 8.427 million barrels in the week ending Aug. 26, marking a two-week high.

According to Singapore's Economic Development Board, light distillate oil stocks rose 539,000 barrels to hit a two-week high of 11.515 million barrels for the week ended August 26.

According to Jin10 Futures, China's bonded fuel oil commercial inventory at sample ports declined to 913,000 tons on August 27, down 230,000 tons from the previous period, representing a 2.46% decrease. The sample ports include Zhoushan, Qingdao, and

Following the recent tariff escalation between Canada and the U.S., Canadian consumers have intensified boycott efforts against American products, according to Jin10. The U.S. imposed 50% tariffs on $20 billion worth of Canadian goods, prompting Canada to announce retaliatory tariffs effective

According to Jin10 Futures, Dalian Commodity Exchange (DCE) chemical futures warehouse receipts showed mixed movements on August 27. Polyvinyl chloride (PVC) futures warehouse receipts fell to 119,398 contracts, down 438 contracts from the previous trading day. Polypropylene (PP) futures declined to

According to Drewry's World Container Index (WCI), global container shipping rates surged more than 100% in the second quarter, reaching a two-year peak of $4,639 per 40-foot container by the week of July 9. The spike has been driven by companies expediting shipments ahead of tariff policy changes a

According to Kimmeridge Energy Management, approximately half of planned U.S. data centers are facing delays or cancellations due to political opposition and infrastructure complexity. Ben Dell, co-founder and managing partner of Kimmeridge, noted that the traditional 'Silicon Valley model' is

According to Ukrainian Railways, grain export transport volume in August declined 60% month-on-month to 574,000 tons.

According to Jin10, China's domestic futures major contracts experienced significant capital movements as of 3:16 PM on August 27. Inflows led the CSI 1000 (September 2026) contract with CNY 27.3 billion, followed by coking coal (September 2026)

According to Jin10 Futures, as of August 27 (Week 35), China's refined oil social inventory stood at 1.585 million tons, down 566,000 tons from the previous week. Gasoline inventory totaled 804,000 tons, declining 279,000 tons with an inventory share of 25.98 percent, while diesel inventory

According to the Shanghai Futures Exchange, on August 27, key commodity inventory levels shifted as follows: Copper futures inventories fell to 32,213 metric tons, down 2,378 tons day-over-day. Aluminum futures inventories declined to 251,174 tons, down 6,114 tons. Zinc futures inventories rose to 1

According to Jin10 Futures, Shanghai Futures Exchange energy and chemical commodity inventory data for August 27 showed fuel oil warehouse inventories rose significantly to 60,420 tons, up 40,000 tons from the previous trading day. Pulp futures warehouse inventories also increased to 382,974 tons, g

According to data released by China's National Bureau of Statistics on August 27, China's exports of electric vehicles, solar products, and lithium batteries—the "new three engines"—reached approximately RMB 1.3 trillion in 2025, up 27.1% year-over-year. Electric vehicle exports hit 3.93 million

According to Kuwait News Agency, Kuwait crude oil dropped $5.67 per barrel to $81.76 per barrel as of August 27.

According to LESG data, French day-ahead baseload electricity prices fell 6.8% to 144 euros per megawatt-hour recently, while German day-ahead baseload prices rose 16.94% to 145 euros per megawatt-hour.

According to Jin10 Futures, on August 27, China's liquefied petroleum gas (LPG) futures main contract closed at an average price of 5,853 yuan per ton in August, up 736 yuan or 14.38% month-over-month. U.S.-Iran negotiations have stalled, shipping through the Strait of Hormuz remains uncertain,

According to industry analyst Cui Dongshuren from the China Passenger Car Association, China's exported lithium battery average price fell to 106,000 yuan in July, down 3% year-over-year. Export prices have declined consistently from 142,900 yuan in 2024 to 112,300 yuan in 2025 and 105,000 yuan in 2

France's Producer Price Index (PPI) climbed to 3.4% year-over-year in July, up from 2.60% in the previous month.

WTI crude oil fell 1.00% intraday to $80.62 per barrel, while Brent crude declined 0.9% to $85.57 per barrel on August 27.