Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, today (August 31) China's energy and coal futures surged across the board, with downstream chemical products rallying sharply. Liquefied petroleum gas rose over 8%, crude oil gained more than 7%, coking coal climbed over 6%, while methanol, propylene, polyvinyl chloride, and

According to Guru Club, Brent crude oil futures surged 3% to $90.741 per barrel on August 31, while WTI crude rose 3% to $85.971 per barrel.

According to Kyodo News, Japan plans to purchase 210,000 tons of emergency rice to prevent a sharp price decline. The measure is aimed at stabilizing domestic rice supply and protecting farmers from market

WTI crude oil broke above $85 per barrel today (August 31) with intraday gains of 2.71%. WTI crude futures surged 3.00% intraday, trading at $85.95 per barrel.

According to Fox News, U.S. stock index futures fell late Sunday after the U.S. attacked two Iranian rocket launchers at Larak Island in the Strait of Hormuz on August 30. Nasdaq-100 futures declined 0.64%, while Dow Jones futures and S&P 500 futures fell 0.33% and 0.44%, respectively, at 9:53 PM

According to a survey by Imperial Data Bank Japan released on August 31, approximately 4,923 food items are set to increase in price in September, marking the largest monthly surge this year and roughly triple the volume from the same period last year. The survey covered 195 major food companies.

According to Iran's Islamic Revolutionary Guard Corps, a supertanker was struck by two naval mines and caught fire in the Strait of Hormuz today (August 31), the Iranian state television reported. The vessel halted navigation after being hit. The IRGC stated the tanker was attempting to pass

According to U.S. Central Command, on Aug. 30, the U.S. military struck Iranian Islamic Revolutionary Guard Corps launchers preparing sea mines for deployment in the Strait of Hormuz. CENTCOM stated the operation was preemptive, aimed at blocking an imminent threat to shipping lanes recently

According to Jin10 and market sources, Asian oil refiners have increased purchases of Argentine Medanito crude oil in recent weeks amid supply disruptions in the Middle East caused by the Iran conflict. Refineries in Japan and South Korea have purchased the crude, with at least one cargo loaded

According to Yonhapinfomax, on August 31, South Korean government bond yields rose across the board after U.S. Federal Reserve Chair Kevin Warsh signaled potential rate increases at the September FOMC meeting. The 3-year benchmark yield climbed 5.6bp to 3.851%, while the 10-year yield added 1.8bp to

According to Jin10 Futures, Shanghai rubber (SHFE rubber futures) traded sideways near 18,900 yuan per metric ton on August 31, with intraday lows touching 18,705 yuan. Supply-side pressures persist as Southeast Asia enters its peak harvest season; however, continued rainfall in Thailand and

According to Goldman Sachs on August 31, the bank raised its diesel production margin forecast more than twofold, citing Middle East tensions and the Russia-Ukraine war that are tightening global refining markets. Refinery outages are currently 60% above seasonal normal levels, while finished fuel i

According to Guru Club, on August 31, para-xylene (PX) futures contracts rose 4% intraday to 8,360 yuan per ton.

According to Goldman Sachs (via Jin10), on August 31, the bank raised its profit forecast for diesel production by more than double, citing increased attacks on refineries in the Middle East and Russia that are tightening the global refining market. Goldman Sachs now predicts that refining one

According to Guru Club, propylene futures main contract hit the daily limit up on Aug 31, gaining 6% and trading at 8,385 yuan/ton.

According to Shanghai Steel Data, MMLC battery-grade lithium carbonate mid-price rose to 156,950 yuan/ton today (August 31), up 2,500 yuan/ton from the previous day's 4:30 PM closing price.

According to Bank of America strategists led by Michael Hartnett, the U.S. stock market's recent gains could face a significant reversal as early as this autumn. The team identified two potential catalysts that could challenge the current bull market momentum. The first is a potential resolution to

According to Guru Club, coke coal continuous contracts rallied 7% intraday on August 31, trading at 1,737 yuan.

According to Guru Club, on August 31, PVC (polyvinyl chloride) futures contracts hit the daily limit, rising 6% to 4,791 yuan/ton.

According to U.S. Central Command, American forces conducted preemptive strikes on Aug. 30 against Iranian Islamic Revolutionary Guard Corps (IRGC) units preparing sea mines for deployment into the Strait of Hormuz. CENTCOM claimed the operation targeted imminent threats to commercial shipping