Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures reporting on Shanghai Futures Exchange data, as of July 16, pulp futures warehouse inventories increased to 317,833 tonnes, up 2,171 tonnes from the previous trading day. Pulp futures factory inventories held steady at 20,000 tonnes. Among other energy and chemical futures

According to Jin10, French energy giant Total Energies said on July 16 that its second-quarter oil trading business performed strongly amid market volatility triggered by Middle East tensions, while natural gas trading faced headwinds. The company forecast oil trading profits will maintain first-qua

According to Iran's student news agency ISNA, Iranian officials stated on July 15 that the Strait of Hormuz will remain closed until the U.S. accepts Iranian law. Meanwhile, the U.S. military reported striking an oil tanker attempting to reach Iranian ports. Two Iranian crude oil tankers have

According to Bank of Korea Governor Shin Hyun-song on July 16, real gross domestic income (GDI) surged 13.2% year-on-year in the first quarter, significantly outpacing the 3.8% real GDP growth, primarily due to rising

TotalEnergies estimated the impact of the Middle East conflict on its second-quarter operations at 210,000 barrels of oil equivalent per day, down from the 360,000 BOE/day impact guidance provided for the first quarter.

According to Morgan Stanley, the ECB is expected to hold interest rates unchanged at next week's policy meeting, as reported by Jin10 on July 16. The analysis notes that recent oil price fluctuations create fundamental uncertainty in energy prices, which is sufficient reason for the central bank to

According to CME data, on July 15, trading and open interest in energy and precious metals diverged. Gold, silver, and WTI crude all saw declines in both volume and open positions. Gold volume fell by 54,619 contracts to 143,347, with open interest down 2,417 to 381,272. Silver volume decreased by 1

According to Jin10, the Chicago Mercantile Exchange (CME) energy commodities trading volume report for July 15 has been updated in the Jin10 data center.

The UK government nationalized British Steel today (July 16), bringing the company under state ownership.

Gate News: According to the latest Gate TradFi data, GAS (Gasoline) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

The Bank of Korea raised its benchmark interest rate to 2.75% on July 16, according to its monetary policy committee decision. Consumer price inflation accelerated to 3.0% in the second quarter, driven by surging crude oil prices and a weaker Korean won, marking a sharp increase from the previous qu

Los Angeles Port handled record-high volumes in June as importers accelerated shipments to avoid rising tariffs and fuel costs. Industry analysts predict July arrivals could break another all-time record, driven by the same tariff avoidance

According to China Auto Battery Innovation Alliance data, in June, China's power and energy storage battery sales reached 196.0 GWh, increasing 49.1% year-over-year and 7.6% month-over-month. Power battery sales totaled 133.4 GWh (68.1% of total), up 41.8% YoY; energy storage battery sales

According to Jin10, on July 16, Chicago's most actively traded wheat futures held near their Wednesday highs after surging 5% as Ukraine and Russia launched mutual attacks in the Black Sea, threatening this critical grain export corridor. Russia is the world's largest wheat exporter, and the Black S

According to Guru Club, on July 16, China's domestic futures markets opened mixed. Shanghai silver fell over 3%, while lithium carbonate declined over 2%, and naphtha, glass, tin, raw sugar, PTA, urea, and asphalt each fell over 1%. On the upside, Shanghai nickel rose nearly 3%, platinum gained

WTI crude oil fell 1.00% intraday on July 16, trading at $78.92 per barrel.

WTI crude oil retreated below $79 per barrel intraday on July 16, down 0.92% during the trading session.

On July 15, the U.S. Trade Representative's Office imposed a 25% tariff on certain Brazilian goods following a year-long investigation into alleged unfair trade practices including digital trade barriers, intellectual property concerns, and illegal deforestation. The U.S. will exempt Brazilian

Brent crude fell below $84 per barrel, declining 0.81% intraday today (July 16).

ING Bank forecasts inflation will slow through 2027 for four reasons, according to a statement on May 15 (local time). The bank cited potential oil price declines if US-Iran negotiations resume, housing cost deceleration showing sub-1% year-over-year growth, labor market rebalancing from 2022's