Commodities (Crude Oil & Copper) & Macro Outlook

According to Kpler ship-tracking data, vessel traffic through the Strait of Hormuz rebounded on Tuesday, July 14, with nine of eleven ships using Iranian routes as Iran accelerated export shipments ahead of a U.S. blockade announced that day. The outbound vessels included a VLCC carrying 2 million b

According to CME data, on July 14, copper and Brent crude oil surged in both trading volume and open interest, while silver and natural gas cooled. Copper volume rose 6,410 contracts to 56,166 and open interest increased 3,415 to 259,598, while Brent crude oil volume jumped 239,188 to 433,687 and op

According to the chairman of the Japan Petroleum Association, Japan plans to research how to participate in Middle Eastern oil-producing nations' initiatives to increase exports through routes bypassing the Strait of Hormuz, including expanding pipeline transmission

According to Reuters, AI cloud computing company CoreWeave is exploring financial derivatives to hedge against potential memory and storage chip price declines. The company has signed long-term agreements with chipmakers Micron and SanDisk that include price floor guarantees for DRAM and storage chi

According to Japan's Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 331,964 thousand liters in the week ended July 11, falling to 10.27 billion liters from 10.60 billion liters the previous week. Refinery operating capacity utilization rose to 86.20% from 83.00%, w

On July 15 morning session close, commodity futures markets rallied broadly, with low-sulfur fuel oil surging 5.98% amid continued geopolitical premiums and cost-driven support. Precious metals rebounded, while black metal commodities strengthened collectively, with rebar, hot-rolled coil, and

According to Wang Guanhua, spokesperson of China's National Bureau of Statistics (NBS), the Producer Price Index (PPI) is expected to remain stable in the second half of 2026 with solid underlying support. The rapid growth in artificial intelligence applications across sectors and the resulting

According to China's National Bureau of Statistics, Consumer Price Index will maintain a modest upward trend in the second half of 2026, despite potential fluctuations in global commodity prices. The official statement, made by spokesperson Wang Guanhua today (July 15), noted that adequate

South Korea's Ministry of Economy and Finance upgraded its economic assessment in a report released July 15, stating the economy's recovery momentum is solidifying following first-quarter growth expansion, surging exports, and improving domestic consumption. The government shifted its policy focus f

According to Goldman Sachs, Brent crude oil prices could exceed $110 per barrel in Q4 2026 if the recovery of crude oil exports from the Gulf region continues to stall and production increases are delayed.

According to Guru Club, methanol continuous main contract futures rose 2% intraday on July 15, trading at 2,665 yuan.

According to Jinlian Creative and Jin10, oil prices surged 11% in two trading days as of July 14, marking the largest two-day percentage gain since mid-March. WTI crude rose $7.93 per barrel (11.10%) while Brent crude climbed $8.72 per barrel (11.47%). Shipping data shows bulk cargo vessels

On July 14, 2026, the U.S. Bureau of Labor Statistics released its June Consumer Price Index (CPI) report. The data showed that the U.S. June CPI fell 0.4% month over month, marking the first monthly negative growth since May 2020; the year-over-year increase dropped sharply from 4.2% in May to 3.5%, below the market’s 3.8% expectation. Core CPI was flat month over month and rose 2.6% year over year, also below expectations. This data triggered a rapid and widespread Chain Reaction in financial

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate traded at an early-session midprice of 153,200 yuan per ton today (July 15), down 750 yuan from the previous day's 16:30 closing price.

According to Citigroup, the Trump administration announced reinstatement of sanctions on Iran and a 20% "security fee" on all shipments through the Strait of Hormuz. If implemented, the move would significantly raise the risk of U.S.-Iran escalation and increase the likelihood that Iran withdraws

Korean government bond futures rose on the morning of July 15 following the release of US June consumer price data that came in significantly below market expectations, sharply reducing the probability of a Federal Reserve rate hike this month. According to Yonhap Infomax, as of 9:15 AM on July 15,

According to National Bureau of Statistics, China's crude oil production in June reached 18.12 million tons, down 0.5% year-on-year, with daily average output at 604,000 tons.

According to the National Bureau of Statistics, China's crude oil processing volume in June reached 51.24 million tons, down 17.7% year-over-year, with the decline widening by 8.6 percentage points from May. Daily average processing hit 1.708 million tons.

According to China's National Bureau of Statistics, June saw mixed performance across major energy sectors. Raw coal production declined year-over-year, while crude oil output remained stable. Natural gas production turned positive after previous declines, and electricity generation continued its st

SC crude oil futures, China's main crude oil contract, rose 4.00% intraday on July 15, trading at 517.20 yuan per barrel.