Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, LME three-month copper hit a record $14,533 per ton on September 8, surging 17% year-to-date and 47% over the past 12 months. U.S. tariff expectations are redirecting global copper supply, with traders moving large volumes to the United States ahead of potential duties. U.S.

According to Jin10, China completed construction of its first ultra-large liquefied gas carrier (88KVLGC) "Changpingyuan" on the morning of September 8, marking a major breakthrough in domestically designed and built VLGC technology. The vessel measures approximately 230 meters in length and

According to the London Metal Exchange, inventory changes across base metals on September 8 are as follows: zinc inventory increased 2,275 tons, nickel rose 264 tons, copper gained 1,250 tons, and aluminum remained flat. Conversely, lead inventory decreased 3,400 tons and tin fell 80 tons.

According to Odaily and Gate data, Brent crude oil (XBRUSD) broke through $100 per barrel today, currently trading at $100.02, with a 24-hour gain of 1.8%.

According to Guru Club, WTI crude futures rallied over 3% to $94.41 per barrel today (September 8), marking a new high since early June. Brent crude also climbed 2.5% to $94.73 per barrel, the highest level since July 23. The rally was driven by reports that Yemen's Houthi militants launched an

On September 8, Houthi militants announced an attack on Saudi Aramco facilities located in Abha, Najran, and Jizan.

According to Guru Club, Zimbabwe banned antimony and tungsten exports effective immediately on September 8. The ban is part of the government's effort to push mining companies to process more mineral resources domestically rather than exporting raw

Korean stocks retreated on September 8 as KOSPI closed at 6954.52, down 40.87 points (0.58%), after briefly recovering above the 7000 mark during intraday trading for the first time in 15 sessions. The index reached an intraday high of 7171.52 before reversing course in late trading due to rising in

According to the Dalian Commodity Exchange (DCE), on September 8, polyvinyl chloride (PVC) futures warehouse receipts totaled 118,589 contracts, declining 732 contracts from the previous trading day. Polypropylene (PP) futures warehouse receipts reached 27,133 contracts, down 660 contracts

According to Jin10 Futures, pulp futures warehouse inventory on the Shanghai Futures Exchange increased by 7,338 tonnes on September 8, reaching 410,974 tonnes. Other energy and chemical commodities remained unchanged from the previous trading

According to the Shanghai Futures Exchange (SHFE), on Sept. 8, major commodity warehouse holdings recorded the following changes: copper futures warehouses fell to 21,412 tonnes (-1,903 tonnes), aluminum to 217,177 tonnes (-2,697 tonnes), zinc to 91,597 tonnes (-25 tonnes), nickel to 99,179 tonnes (

According to Jin10, on September 8, the Australian dollar reached a 13-year high against the New Zealand dollar at 1.2332, climbing 0.4% as the Reserve Bank of Australia signaled potential further rate hikes while the Reserve Bank of New Zealand indicated its cash rate may already be in neutral

According to Jin10 Futures, as of September 8 at 3:15 PM, China's futures markets recorded the following capital flows: Shanghai copper (2610 contract) saw inflows of 2.16 billion yuan, while CSI 1000 (2609 contract) experienced outflows of 2.215 billion yuan. Coking coal (2701 contract) attracted i

According to Jin10, on September 8, Kuwait's crude oil exports have recovered to approximately 1 million barrels per day, representing roughly two-thirds of last year's daily average of 1.6 million barrels. The recovery has been enabled by resumed petroleum transport through the Strait of Hormuz, in

According to Jiǔjin Futures, on September 8, OPEC+ members—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—decided to maintain October crude oil daily production quotas at the levels established in September 2026. The group will continue monthly monitoring of market dynamics,

According to Guru Club, methanol futures main contract hit its daily limit up on September 8, gaining 6.03% to 3,359 yuan per ton.

LPG (liquefied petroleum gas) futures main contract surged 201 yuan intraday today, reaching 6,750 yuan per ton, up 3.07%.

According to Jin10 Futures on September 8, crude oil prices held firm amid escalating U.S.-Iran conflicts. WTI crude held steady around $90 per barrel, while Brent crude traded near $95. The repeated direct confrontations between the two nations have reduced shipping volumes through key strait

According to Jin10 Futures, east China benzene spot prices closed at 8,980-9,140 yuan/ton as of Sept 7, up 70 yuan/ton from the previous trading day. Rising international crude oil prices have provided notable support to benzene valuations, while tight spot supply due to low inventory at east China

Germany's seasonally adjusted exports declined 0.8% month-over-month in July, reversing the previous month's 0.9% increase.