Commodities (Crude Oil & Copper) & Macro Outlook

According to China Central Television, copper futures on the London Metal Exchange hit an all-time high on September 7, reaching $14,617 per ton on September 8. Market participants are front-loading purchases ahead of an expected 15% U.S. tariff on refined copper set to take effect in

Overnight on September 8, China's commodity futures markets posted broad gains. Methanol led advances with a 3.93% surge, while iron ore declined 0.14% and soybean oil fell up to 0.99%.

U.S. Treasury Secretary Bessent stated recently that energy-related inflation is temporary. The comment reflects the Biden administration's position on near-term price pressures linked to energy markets.

xStocks issued $790.9 million in tokenized assets, comprising $779.9 million in stocks and $11 million in commodities, according to Token Terminal. The issuance reflects growing institutional interest in digital asset classes. This development signals potential integration of traditional assets

According to Token Terminal, xStocks issued $790.9 million in tokenized assets, comprising $779.9 million in stocks and $11 million in commodities. The top tokenized equities include STRCx at $147.8 million, CRCLx at $80.5 million, and MSTRx at $70.5 million. Notably, Solana hosts 65.8% of these ass

According to the New York Federal Reserve, consumers surveyed in August expect gasoline prices to increase in the coming months.

Saudi Arabia's crude oil production and exports plummeted in August due to disruptions in the Strait of Hormuz and Red Sea shipping routes, according to market analysis. The sharp decline has halted the overall production recovery momentum of

According to Turkey's Agriculture Ministry, Turkey and Russia signed a memorandum of understanding on Tuesday to expand nitrogen fertilizer imports and ease difficulties in sourcing urea from Persian Gulf producers. The agreement exempts Turkey from Russian export restrictions on nitrogen fertilizer

According to Qatar's Ministry of Finance, the country recorded a budget deficit of 21.2 billion Qatari Riyal (approximately $5.8 billion) in Q2 2026, the largest quarterly shortfall since late 2016, as the Hormuz Strait blockade depressed natural gas revenues. The deficit nearly doubled compared to

The US dollar weakened against major currencies on September 8, with the dollar index (DXY) falling 0.183% to 99.076 as of 7:04 AM Eastern Time, driven by yen strength amid heightened intervention concerns from Japanese authorities and potential Bank of Japan policy rate increases. The USD/JPY

According to Gate data, the U.S. dollar fell 0.33% against the Japanese yen intraday on September 8, trading at 153.834. The dollar also declined 0.03% against the offshore Chinese yuan (USD/CNH), with the rate at 6.70692. Gold prices rose to $4,405.04 per ounce, up 0.01% intraday, while silver gai

During today's trading session, SC Crude Oil 2610 contract rose 2.03% to 717.6 yuan per barrel. The contract's trading volume exceeded 20.2 billion yuan, while open interest declined by nearly 200 lots during the day.

According to Jin10 Futures, on September 8, para-xylene (PX) futures rose 1.99% intraday to a high of 9,124 yuan/ton before retreating to 9,042 yuan/ton. Trading volume reached approximately 2.787 billion yuan with net positions reducing by over 2,000 lots. According to a Foshan Jinrong Futures

Wall Street markets reopened on September 8 after the Labor Day holiday facing surging oil prices as Brent crude approached $100 per barrel. The price surge followed Houthi rebel attacks on Saudi Arabian energy facilities that injured 73 people and disrupted operations, intensifying fears that

Andrew Bailey, Governor of the Bank of England, attributed the recent increase in energy prices to the conflict between the United States and Iran, warning that prices could rise further in the future.

Germany's Economy Ministry stated that at the start of winter, natural gas storage levels of 60%-70%, combined with import capacity, would be sufficient to meet expected winter demand.

According to Bank of America, the bank raised its Brent crude oil price forecast, projecting a high of $83 per barrel for the second half of 2026 and $75 per barrel for 2027.

According to Jin10, billionaire Aliko Dangote's Nigerian refinery on September 8 is operating at full capacity to maximize diesel and aviation fuel supplies to Europe. The move follows significant supply disruptions from the Middle East since the U.S.-Israel war began on February 28. Africa's

China's night-session futures opened with gains outpacing losses on September 8. Para-xylene, short-staple fiber, metallurgical coal, methanol, and PTA led gainers, all up over 2%, while crude oil, pure benzene, and propylene rose nearly 2%. Soybean oil and soybean futures II posted modest

On Tuesday morning US premarket, reports indicate Brent crude oil is approaching the $100 mark following Houthi strikes on Saudi energy facilities, while the Bank of Japan plans to raise its policy rate to 1.25% at this month's meeting. Yields on German 10-year government bonds have reached their hi