Commodities (Crude Oil & Copper) & Macro Outlook

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

SC crude oil front-month contract rose 4.00% intraday, trading at 716.40 yuan per barrel.

China's fuel oil main contract rallied 4.00% during intraday trading today (September 8), closing at 3,951 yuan per ton.

According to BlockBeats citing TradingBeats, whale xm39 added approximately 214,800 WTI crude oil long contracts yesterday (September 8), with a notional transaction value of about $19.75 million. The position size increased from 171,300 to 386,200 contracts, a 125% increase. As of press time, xm39

According to Guru Club, crude oil and related energy futures rose sharply on September 8. SC crude oil increased 3.12% to 710 yuan per barrel, while low-sulfur fuel oil (LU) gained 3.32% to 5,133 yuan per

According to Saudi Energy Ministry, energy and utilities facilities in southern Saudi Arabia came under attack on Tuesday morning.

According to Shinhan Investment & Securities, on September 8, the firm highlighted U.S. dividend-focused exchange-traded funds, energy, and healthcare sectors as investment priorities amid market volatility and geopolitical uncertainty. Park Woo-yeol, chief researcher at Shinhan Investment & Securi

According to Jin10 Futures citing Jin Lian Creative, aromatic hydrocarbon prices surged significantly in August driven by geopolitical tensions, crude oil movements, downstream demand shifts, and inventory changes. PX (paraxylene) unit restarts and vessel deliveries supported price gains through

According to on-chain data monitoring, whale Loracle's sub-address established 10x leveraged long gold and 1x copper positions this morning. The account currently holds 40.0251 xyz:GOLD and 2,200.04 xyz:COPPER, both in profit. Separately, Loracle maintains multiple short positions across equities, w

Iran announced that a shipping agreement with Oman through the Strait of Hormuz is nearing completion, driving oil prices higher. The announcement has raised market concerns about potential increased control over this critical supply route. The Strait of Hormuz serves as a vital chokepoint for

According to Jin10 Futures, as of September 8 at 11:32 AM, China's futures markets saw significant capital flows. Inflows included Shanghai Copper (2610 contract) with CNY 20.61 billion, Coking Coal (2701) with CNY 13.31 billion, and Shanghai Silver (2610) with CNY 9.07 billion. Outflows were led

Chinese commodity futures showed broad gains in the early session on September 8, with methanol and rubber up over 3%, paraxylene up nearly 3%, and asphalt, soybeans, low-sulfur fuel oil (LU), rubber, PTA, zinc, and SC crude oil up over 2%. Declining contracts included ferrosilicon and soda ash,

Park Woo-yeol, an analyst at Shinhan Investment & Securities, proposed a revised ETF allocation strategy at the KRX-Analyst meeting on May 8: stocks 60%, bonds 30%, gold 8%, and bitcoin 2%. The recommendation departs from the traditional 60% stock and 40% bond allocation,

According to Kpler, on Monday (Sept 7), traffic through the Strait of Hormuz slowed to 7 commercial vessels, down from 8 the previous day, as Iran threatened retaliation for any new U.S. attacks. Tehran had previously warned that energy infrastructure in the Persian Gulf, including U.S. oil and

According to China's General Administration of Customs, the country exported 39,441.4 tonnes of rare earth from January to August, down 11.1% year-over-year. Export revenues for the same period reached $434 million, up 53.5% compared to the same period last year.

According to Yonhap Infomax futures data, on September 8 at 9:40 a.m., WTI October futures rose 0.71% to $92.13 per barrel, while Brent crude climbed 0.75% to $97.00. Oil prices have been gradually rising through the $90 range throughout September, with WTI trading consecutively at $90.22, $91.01, $

China imported 12.14 million tons of soybeans in August, down 1.1% compared to the same month last year.

China's exports to Russia surged 30.7% year-over-year while imports from Russia rose 26.5% in the first eight months of 2026, according to trade data.

According to China's General Administration of Customs, China imported 320.895 million tons of crude oil during the first eight months of 2026.