Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to China's General Administration of Customs, the country imported 2.246 million tons of refined oil in August, down from 2.477 million tons in July.

According to China Customs, the country imported 22.153 million tons of refined oil products (成品油) during the first eight months of 2026.

China imported 382,000 tonnes of unwrought copper and copper products in August, down from 425,000 tonnes in July. Copper ore and concentrate imports reached 2.508 million tonnes in August, up from 2.38 million tonnes in July. For the first eight months of 2026, China imported 19.492 million tonnes

China's unwrought aluminum and aluminum material exports reached 626,000 tons in August, down from 643,000 tons in July, according to customs data.

China's iron ore and concentrates imports reached 108.539 million tons in August, up slightly from 108.09 million tons in July, according to China Customs data.

According to China Customs Administration, China exported 34.236 million tons of refined oil products during January to August 2026.

According to China Customs data released in August, crude oil imports reached 37.928 million tons, up 6.1% from 35.73 million tons in July. Refined oil imports fell to 2.246 million tons from 2.48 million tons, while natural gas imports declined slightly to 10.327 million tons from 10.54 million ton

According to China's General Administration of Customs, the country exported 6.01 million tons of refined oil products in August, an increase from 4.65 million tons in July.

China's imports increased 28.2% year-over-year in August, according to customs data, up from 27.5% in the previous month.

According to China's General Administration of Customs, the country's merchandise trade imports and exports reached 34.78 trillion yuan in the first eight months of 2026, up 17.6% year-over-year as of September 8. Exports grew 14.6% to 20.17 trillion yuan, while imports increased 22% to 14.61 trilli

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) spot mid-price fell to 142,750 yuan per ton this morning (September 8), down 250 yuan per ton from yesterday's 4:30 p.m. close.

According to LME data reported by Guru Club, three-month copper futures hit $14,617 per ton on September 8, reaching a record high. ANZ Research analysts attributed the surge to tightening inventory and persistent supply-side pressures, noting that global top copper producer Chile saw August

According to Vitol Group's chief executive officer, the Strait of Hormuz affects approximately 2 to 3 million barrels per day of Saudi Arabia's oil exports.

US President Donald Trump emphasized on the 7th (local time) via social media that international oil prices would plummet if war with Iran ends. Trump stated prices could drop to $3 per gallon and eventually below $2. The statement came as oil prices surged to a 6-week high amid escalating US-Iran t

According to Trump's Truth Social statement made yesterday (September 7), the U.S. president predicted that oil prices would plummet to $2-3 per gallon, ultimately falling below $2, if the United States wins a war against Iran. He added that everything would proceed swiftly and Iran would never

As of 09:30 Beijing time on September 8, New York gold futures rose 0.62%, New York silver futures gained 1.18%, and New York copper futures climbed 1.25%.