Commodities (Crude Oil & Copper) & Macro Outlook

According to an Indian Oil Corporation executive, the company will commission its first sustainable aviation fuel (SAF) plant at the Panipat Refinery within two months.

SK Geocentric, a South Korean petrochemical company, plans to conduct a demand forecast on the 15th of next month for an 80 billion won corporate bond issuance, expandable to a maximum of 160 billion won. The company achieved a profit turnaround in Q1 with an operating profit of 127.5 billion won, b

According to Dalian Commodity Exchange data reported by Jin10, on August 31, China's major polymer futures positions saw mixed movements. PVC warehouses remained the largest at 119,390 lots, down 35 lots day-on-day. PP warehouses totaled 28,906 lots, up 626 lots, marking the largest single-day

According to a Reuters survey released on August 31, Saudi Arabia may raise its official selling prices (OSP) for crude shipped to Asia in October, as Middle Eastern spot markets strengthen. Five refinery sources surveyed indicated that Arab Light crude's October OSP is expected to trade at parity

According to Jin10 Futures, aluminum prices rallied on August 31 amid improved market sentiment. The U.S. Treasury's expansion of long-bond buybacks lowered long-term rates, while strong earnings from Nvidia drove demand in computing and power sectors. Downstream demand cooled slightly, yet aluminum

According to Jin10, as of August 31 at 15:11, China's futures market experienced significant capital flows. On the inflow side, CSI 1000 (September contract) led with 2.381 billion yuan, followed by CSI 500 with 2.247 billion yuan and coking coal (January 2027 contract) with 1.830 billion yuan. On t

According to Jin10 Futures, Shanghai Futures Exchange (SHFE) energy and chemical warehousing receipts on August 31 showed mixed movements: fuel oil declined by 15,000 tons to 80,390 tons; low-sulfur fuel oil

According to Shanghai Futures Exchange data released on Aug 31, most base metal and precious metal futures inventory declined on the trading day. Zinc futures warehouse receipts fell 9,497 tons to 102,672 tons, marking the largest daily decrease among tracked metals. Aluminum inventory

Gold, silver, and copper prices surged in recent weeks amid growing uncertainty over interest rates and exchange rates driven by 'Bessentnomics'—economic policies of US Treasury Secretary Scott Bessent focused on fiscal austerity, inflation control, and a weaker dollar. On May 28 (local time), inter

On August 31, Chinese commodity futures showed broad gains at the noon close, with SC crude oil rising over 7%, liquefied petroleum gas (LPG) and coking coal climbing over 6%, and methanol, propylene, polyvinyl chloride (PVC), ethylene glycol (EG), and bottle flakes hitting daily limits at 6% gains.

According to Investing.com, on August 28, gold futures on COMEX closed at $4,502.09 per ounce, marking an approximately 18% gain for the month amid growing currency uncertainty tied to shifts in U.S. fiscal policy. Silver futures for September delivery reached $68.73 per ounce, up 16.9% from a month

According to CoinDesk, Bitcoin traded near $77,580 on August 31, up 23% for August, as a U.S. attack on an Iranian island in the Strait of Hormuz pushed oil prices higher. WTI crude rose 2% to $85.10 per barrel, while Brent

US President Donald Trump escalated pressure on Iran on the 30th (local time) by posting an AI-generated video on Truth Social depicting the bombing of Kharg Island, Iran's critical oil export hub. The video shows sequential explosions of oil storage tanks and tankers on the island, which handles

According to Iran International, U.S. President Donald Trump posted an AI-generated video on his Truth Social account on August 30 depicting a military strike on Kharg Island, Iran's key oil export hub. The video showed U.S. warplanes attacking oil storage tanks and tankers at the island,

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