Commodities (Crude Oil & Copper) & Macro Outlook

According to Russian Deputy PM Novak, the first Russian diesel tanker planned to depart for the United States on October 22, with Moscow potentially resuming full diesel exports by year-end. In separate developments, the Joint Oil Data Initiative (JODI) reported that Saudi Arabia's crude oil

Barclays reported Q3 results for its fixed income, foreign exchange and commodities unit at £1.01 billion, missing the £1.28 billion estimate. The equities business posted £1.01 billion in revenue, beating the £842.2 million forecast. Overall Q3 profit before tax reached £2.32 billion against a £2.4

According to S&P Global and the International Monetary Fund, global energy disruptions are rapidly translating into food security threats. Since late February, when Middle East tensions disrupted the Strait of Hormuz, fertilizer prices have doubled. Half of the world's fertilizer raw material

According to Mysteel and Guoxin Futures, as of Oct. 20, aluminum spot premium in China widened significantly to 295 yuan/ton, driven by sustained domestic inventory depletion and renewed buying interest at lower levels. Domestic stockpiles have declined to 53.1 million tons at social warehouses and

According to Longzhong Information and Zhuo Creative Information, China's methanol imports from the Middle East plummeted to 199,000 tons in September due to U.S.-Iran geopolitical tensions, reaching wartime lows. Saudi Arabian supply has been depleted, with Omani imports (largely Iranian

According to CME data reported by Jin10 on October 21, commodity futures contracts showed mixed trading activity and open interest changes. In precious metals, gold trading volume fell to 165,337 contracts with open interest at 400,390 contracts, both declining from the prior day; copper volume

WTI crude oil futures broke above $99 per barrel today, gaining 1.90% intraday.

According to Wall Street Journal citing Kpler analysts, Iranian oil reserves stored in tanker fleets anchored in Asian waters have been completely depleted as of mid-October. The reserves, which comprised millions of barrels, were exhausted due to a U.S. naval blockade that has prevented Iran from r

According to Gate data, Brent Crude Oil (XBRUSD) broke through $112 per barrel, now trading at $112.06, up 0.2% in the last 24 hours.

From 00:00 to 04:00 (UTC) on October 22, 2026, BTC saw a narrow pullback, with a return of +0.22% and a price range of 84090.1 to 84307.6 USDT. The price amplitude was 0.26%, indicating limited overall volatility, though market attention picked up. The main driver of this move was geopolitical risk, which pushed oil prices higher and reinforced concerns about inflation and interest rates. Iran threatened to strike US-related assets if a new war breaks out, while rising oil prices rekindled marke

According to South Africa's Finance Minister Enoch Godongwana, the country cut its 2026 economic growth forecast to 1.2% and reduced fuel tax temporarily on October 21, according to Jin10. The measures aim to ease pressure from rising international oil

According to Jin10, as of Oct 22, 11:32 AM, China's futures market showed mixed capital flows across major contracts. Inflow leaders included methanol 2701 ($373 million), alumina 2701 ($337 million), and iron ore 2701 ($327 million). On the

The United States and Israel have developed concrete plans for renewed airstrikes on Iran, according to a New York Times report citing US officials and sources. Defense Secretary Pete Hegseth met with Israeli Prime Minister Benjamin Netanyahu this week to discuss the new airstrike options, as both m

Oil futures main contract rose 2.00% intraday on October 22, reaching 4,892 yuan per ton.

According to Jin10 Futures, styrene prices fell then rose this week, with Jiangsu market average at 11,425 yuan/ton as of Oct 21 closing, down 160 yuan/ton from Oct 14. Industry operating rates fell below 60% to historic lows this week, while major port inventories declined to 3.5 tons—matching

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) spot prices fell to 98,800 yuan/ton this morning, down 1,750 yuan/ton from yesterday's 16:30 closing price.

According to Jin10 Futures, as of October 12, ICE raw sugar futures closed at 20.47 cents per pound, with the CNY exchange rate at 6.6760. In-quota Brazilian sugar processing costs after customs duties were estimated at 5,052 yuan per ton, while out-of-quota costs reached 6,437 yuan per ton.

According to Jin10 Futures, crude palm oil futures on Malaysia's Bursa Malaysia Derivatives Exchange (BMD) are expected to open lower on Thursday morning (October 22), following weakness in external markets. The decline is driven by accelerated U.S.

From 01:00 to 02:00 (UTC) on October 22, 2026, BTC posted a gain of just +0.08%, trading in a range of 84082.2-84290.0 USDT with a 0.25% amplitude, indicating an overall narrow trading range. At the macro level, market attention centered on geopolitical risks and energy price volatility, leaving both bulls and bears largely on the sidelines and trading volume relatively subdued. The main driver of this market move was an escalation in geopolitical tensions that pushed oil prices higher, sparking