Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, warehouse inventory for SHFE pulp futures rose to 315,662 tons on July 15, up 5,683 tons from the previous trading day. Separately, factory warehouse inventory for Stone Bitumen futures increased by 1,000 tons to 20,110 tons. Remaining inventory items across energy and

According to Kores, U.S. Republican Senator Marsha Blackburn visited the Project Crucible site in Tennessee on July 11 to review progress on the critical minerals smelter project and discuss cooperation measures with company

According to Tradeweb data, Germany's 10-year government bond yield rose 3.3 basis points to 3.105% on July 15, as eurozone sovereign debt yields climbed following U.S. Treasury movements. The increase was primarily driven by elevated oil prices stemming from Middle East military tensions. Belgian b

As the military conflict between the US and Iran continues to escalate, market concerns about the risk of disruption to crude oil supply have intensified further. Crude oil prices rebounded sharply intraday: WTI crude oil has regained the level of $80 per barrel, while Brent crude oil at one point approached $86 per barrel. On July 15, 2026, Gate data shows that as of the latest quote, WTI is $78.84 per barrel, down 1.04% over the past 24 hours, with an intraday trading range of $77.34 to $80.55

According to Jin10 Futures, on July 15, crude oil prices continued to rise due to escalating geopolitical tensions and strait transit constraints, which increased market concerns about supply prospects.

According to a Ukrainian drone commander, Ukrainian forces struck 20 Russian ships in the Black Sea overnight on July 14, with 17 of the vessels being oil tankers.

According to Kpler ship-tracking data, vessel traffic through the Strait of Hormuz rebounded on Tuesday, July 14, with nine of eleven ships using Iranian routes as Iran accelerated export shipments ahead of a U.S. blockade announced that day. The outbound vessels included a VLCC carrying 2 million b

According to CME data, on July 14, copper and Brent crude oil surged in both trading volume and open interest, while silver and natural gas cooled. Copper volume rose 6,410 contracts to 56,166 and open interest increased 3,415 to 259,598, while Brent crude oil volume jumped 239,188 to 433,687 and op

According to the chairman of the Japan Petroleum Association, Japan plans to research how to participate in Middle Eastern oil-producing nations' initiatives to increase exports through routes bypassing the Strait of Hormuz, including expanding pipeline transmission

According to Reuters, AI cloud computing company CoreWeave is exploring financial derivatives to hedge against potential memory and storage chip price declines. The company has signed long-term agreements with chipmakers Micron and SanDisk that include price floor guarantees for DRAM and storage chi

According to Japan's Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 331,964 thousand liters in the week ended July 11, falling to 10.27 billion liters from 10.60 billion liters the previous week. Refinery operating capacity utilization rose to 86.20% from 83.00%, w

On July 15 morning session close, commodity futures markets rallied broadly, with low-sulfur fuel oil surging 5.98% amid continued geopolitical premiums and cost-driven support. Precious metals rebounded, while black metal commodities strengthened collectively, with rebar, hot-rolled coil, and

According to Wang Guanhua, spokesperson of China's National Bureau of Statistics (NBS), the Producer Price Index (PPI) is expected to remain stable in the second half of 2026 with solid underlying support. The rapid growth in artificial intelligence applications across sectors and the resulting

According to China's National Bureau of Statistics, Consumer Price Index will maintain a modest upward trend in the second half of 2026, despite potential fluctuations in global commodity prices. The official statement, made by spokesperson Wang Guanhua today (July 15), noted that adequate

South Korea's Ministry of Economy and Finance upgraded its economic assessment in a report released July 15, stating the economy's recovery momentum is solidifying following first-quarter growth expansion, surging exports, and improving domestic consumption. The government shifted its policy focus f

According to Goldman Sachs, Brent crude oil prices could exceed $110 per barrel in Q4 2026 if the recovery of crude oil exports from the Gulf region continues to stall and production increases are delayed.

According to Guru Club, methanol continuous main contract futures rose 2% intraday on July 15, trading at 2,665 yuan.

According to Jinlian Creative and Jin10, oil prices surged 11% in two trading days as of July 14, marking the largest two-day percentage gain since mid-March. WTI crude rose $7.93 per barrel (11.10%) while Brent crude climbed $8.72 per barrel (11.47%). Shipping data shows bulk cargo vessels