Commodities (Crude Oil & Copper) & Macro Outlook

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

U.S. stock futures fell overnight late Sunday after the U.S. attacked two Iranian rocket launchers at Larak Island in the Strait of Hormuz, marking the first known American strikes since late July. Nasdaq-100 futures fell 0.64%, while Dow futures and S&P 500 futures declined 0.33% and 0.44%,

According to Guru Club, Ethylene Glycol (EG) futures' main contract hit the daily limit-up on Aug 31, rising 6% to 5,331 yuan/ton.

According to Guru Club, methanol futures main contract hit the daily limit up on Aug 31, gaining 6% and trading at 2,983 yuan per ton.

According to Jin10 Data, China's State Administration for Market Regulation and the National Standardization Management Committee issued a national standard today (August 31) for monitoring methane emissions from onshore oil and gas operations. The standard establishes an integrated monitoring

Liquefied petroleum gas (LPG) futures contracts surged intraday today, rising 404 yuan to trade at 6,171 yuan per ton, representing a 7.01% gain.

In the early hours of August 31, 2026, Beijing time, U.S. Central Command confirmed that the U.S. military had launched airstrikes on two rocket launchers on Iran’s Larak Island near the Strait of Hormuz. This was the first public acknowledgment by the United States of a military strike against targets inside Iran since late July. Iran’s Islamic Revolutionary Guard Corps immediately announced that it had launched missiles at U.S. military bases, declaring that “the aggressors will inevitably be

According to Jin10 Futures, China National Petroleum Corporation's petroleum coke prices will rise from September 1, 2026. Fushun coke will increase by 30 yuan per ton to 4,981 yuan/ton, Daqing coke by 10 yuan/ton to 4,550 yuan/ton, and Jinzhou coke by 10 yuan/ton to 4,590 yuan/ton. Jinxi calcined c

According to the China Federation of Logistics & Purchasing survey released on Aug 31, prices of 35 major commodities (70% of 50 tracked) rose during the week of Aug 24-28, while 12 (24%) fell and 3 (6%) remained flat. By sector, energy prices climbed 5.4%, black

As of 09:30 Beijing time today, WTI crude oil futures rose 1.75% while U.S. natural gas futures fell 1.11%.

At 09:30 Beijing time on August 31, New York gold futures fell 0.24%, silver futures dropped 0.33%, and copper futures declined 0.86%.

According to Gate's latest market data, gold prices rose to $4,456.3 per ounce today (August 31), up 0.53% intraday. Silver climbed to $66.414 per ounce, gaining 0.83% in the same period. WTI crude oil declined 0.69% to $84.89 per

Brent crude oil jumped over 2% during intraday trading on August 31, reaching $89.74 per barrel.

SC crude oil futures surged 6% intraday on August 31 to 628.20 yuan per barrel, while methanol futures jumped 4% to 2,927 yuan per ton. Styrene, fuel oil, and glass futures also recorded gains of 2% or more during the same

Liquid petroleum gas (LPG) main contract rose 4% intraday on August 31, reaching 5,999 yuan per ton.

US President Donald Trump urged Canadian businesses trading with the US to immediately relocate their operations to America to avoid tariffs, according to statements posted on his Truth Social account on August 30 (local time). Trump stated that many of these companies had left the US years ago

China's commodity futures opened mixed this morning (August 31), with most contracts gaining. SC crude oil surged over 4%, while LPG, palladium, PVC, and coking coal each rose more than 3%. Lithium carbonate, glass, low-sulfur fuel oil, aluminum oxide, and soda ash all climbed over 2%. On the

According to Yonhap News, on Monday (August 31), South Korean and U.S. officials discussed measures to strengthen bilateral energy cooperation. Lee Ho-hyeon, South Korea's Vice Minister of Climate, Energy and Environment, met with U.S. official Cordell in Seoul to address energy supply chain

Bitcoin was trading at $77,960 on Aug. 31, retreating from the Aug. 28 high of $81,455. Fed Chair Kevin Warsh said in his first keynote speech since taking office, delivered at Jackson Hole, that year-over-year PCE inflation remained at 3.7%. The U.S. military struck two launch systems on Iran’s Larak Island, sending Brent crude up more than 2% to $90.32 and WTI to $85.41. U.S. Military Strikes Iran’s Larak Island, Brent Crude Breaks Above $90 per Barrel According to a Reuters report on Aug. 31,

According to Jinlian Creative, on August 31, China's benchmark crude oil averaged $86.36 per barrel, down 1.54%, implying a recommended retail price cut of 80 yuan per ton for domestic gasoline and diesel. The next pricing adjustment window is scheduled for September 11 at 24:00 (Beijing time),