Commodities (Crude Oil & Copper) & Macro Outlook

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%.

US gasoline prices reached $4.15 per gallon on September 7 (local time), marking the highest Labor Day record in history, according to the American Automobile Association (AAA). Patrick De Haan, petroleum analyst at GasBuddy, stated that September through November will become the most expensive

According to GasBuddy analyst Patrick De Haan, U.S. gasoline prices hit a record high of $4.15 per gallon on September 7, marking the highest Labor Day average ever recorded. The August monthly average also reached $4.07 per gallon, surpassing the previous peak from August 2022 during the

The U.S. Commodity Futures Trading Commission (CFTC) asked a federal court in Washington, D.C., on September 8 to dismiss the lawsuit filed by the Chicago Mercantile Exchange (CME) against Kalshi’s Bitcoin Perpetual Futures. In a written statement, CFTC Chairman Michael Selig and the commission’s attorneys wrote, “This lawsuit is much ado about nothing.” The CFTC said CME had failed to prove that the CFTC’s decision caused it economic harm or exposed it to increased competitive pressure. Kalshi

US stock index futures showed mixed performance during Asian trading hours on the morning of the 8th, as Middle East military tensions persisted. As of 9:41 AM Korean time, E-mini S&P500 futures declined 0.14% to 7,711.00, while E-mini Nasdaq100 futures rose 0.23% to 29,632.00. The mixed trading

According to Yonhapinfomax, E-mini S&P 500 futures fell 0.14% to 7,711.00 in Asian morning trading on September 8 amid escalating geopolitical tensions in the Middle East. Nasdaq 100 futures, meanwhile, rose 0.23% to 29,632.00. U.S. stock markets were closed on Labor Day. Concerns over inflation ha

International oil prices surged to a six-week high as of 7:30 AM Korean time, with West Texas Intermediate (WTI) crude for the 10-month contract rising 1.28% to $92.65 per barrel and Brent crude climbing 0.75% to $97. The increases followed escalating military tensions between the United States and

According to Jin10, as of September 8, crude oil reference prices averaged $91.68 per barrel with a 4.53% change rate over the seven-day calculation period, implying a recommended increase of 240 yuan per ton for domestic gasoline and diesel retail prices. The next pricing adjustment window is

According to Jin10 Futures, on September 8, ethylene glycol spot prices in East China are trading within a reference range of 6,700-6,800 yuan per ton. Despite underlying support from rising crude oil prices amid persistent geopolitical tensions, ethylene glycol has accumulated significant gains

London Metal Exchange copper futures reached an all-time high today, breaking through $14,530 per ton with gains exceeding 1%. The rally reflects tightening supply-demand dynamics and tariff-driven trading flows in global copper