Commodities (Crude Oil & Copper) & Macro Outlook

According to Caixin Futures Research Report, Shandong 70 bitumen reached 5,330 yuan/ton on September 7, up 60 yuan/ton day-on-day, driven by geopolitical tensions and refinery production limits. Domestic combined bitumen inventory totaled 122.1 million tons, declining 8.3 million tons from September

According to Jin10, on September 7, U.S. and Canadian equity markets closed for Labor Day. CME precious metals and crude oil futures trading halted early at 02:30 Beijing time on September 8, while equity index futures ended at 01:00 Beijing time. ICE Brent crude oil futures halted at 01:30 Beijing

Brent crude approached $98 a barrel and West Texas Intermediate traded above $92 on Monday, Sept. 7, as renewed U.S.-Iran attacks around the Strait of Hormuz intensified concerns about Middle East supply disruptions. The rally was driven by tight diesel supplies, falling U.S. crude inventories, and

On Sept. 7, Brent crude approached $98 a barrel amid escalating U.S.-Iran tensions around the Strait of Hormuz, according to TradingView data. WTI crude traded above $92, with the week-long rally extending gains as tanker traffic through the strategic waterway fell to its lowest level since May. U.

According to Jinshi Data on September 7, Jereh Group, a leading oilfield services equipment manufacturer, indicated that the impact of U.S. Executive Order 14420 on its current business is limited. The company has received the first advance payment on a gas turbine contract signed in July valued at

According to Jin10 data, Iraq's State Organization for Marketing of Oil (SOMO) significantly narrowed crude oil discounts on September 7, effectively raising prices for oil loaded from the Persian Gulf this month. The Iraqi government said Friday it is seeking to lease tankers to transport crude

According to Jin10, WTI crude oil futures rose 1.27% and U.S. natural gas futures fell 0.17% as of 20:30 Beijing time on September 7.

According to Jin10 Futures, as of 20:30 Beijing time on Sept. 7, New York gold futures declined 0.82%, silver futures fell 0.83%, and copper futures dropped 0.01%.

Ukraine struck oil-processing facilities at the Lukoil-Permnefteorgsintez refinery in Russia's Perm region and the TANECO facility in Nizhnekamsk, Tatarstan, overnight, continuing a campaign of long-range drone strikes. The attacks targeted two of Russia's most significant fuel-processing hubs,

According to Bloomberg, Thailand's sugar output will decline at least 17% in the 2026-27 season starting October due to drought conditions, dropping to below 10 million tons from 12 million tons in the previous season, according to Thai Sugar Millers Corp director Rangsit Hiangrat. As the world's s

According to Ukrainian officials, Ukraine conducted overnight strikes on oil refineries in Perm and Tatarstan on September 7, resuming attacks following a U.S. envoy's weekend visit to Moscow. President Volodymyr Zelensky confirmed that long-range forces were deployed against refineries in both

According to Financial Times, Saudi Aramco's oil infrastructure was targeted on Monday, marking the second attack in one month. The incident follows a similar strike that temporarily halted part of the company's refining capacity. Authorities are currently assessing damages from the latest attack.

According to Sanlì Futures research on September 7, methanol prices remain elevated amid tight supply constraints, with port inventory at 644,000 tons as of September 2, down 44,100 tons month-over-month and near historic lows. Enterprise inventory declined to 298,100 tons, continuing its

According to South Korea's Ministry of Industry, Seoul and Washington are advancing negotiations on major energy infrastructure investments in the United States, with an agreement expected by September 18. The first project under review is construction of a gas-fired combined-cycle power plant in

According to the Financial Times, Panama Canal administrator Ilya Espino de Marotta warned on September 7 that water scarcity could force further reductions in daily transit capacity to as few as 27 vessels from the current 32. Marotta described the potential cut as the worst-case scenario based on

According to reports, WTI crude oil rose $0.59 per barrel to $92.19 and Brent crude climbed $0.62 per barrel to $97.38 in 5 minutes on September 7, following reports of an attack on Saudi Aramco's Jizan refinery. The extent of damage from the incident is still under

According to Anwar Gargash, diplomatic advisor to the UAE President, on September 7, the United Arab Emirates is developing alternative energy export and trade routes to avoid being affected by potential conflicts with Iran. Gargash emphasized that the country's energy exports and economic

According to the U.S. auto association (AAA), ordinary gasoline prices averaged $4.14 per gallon ahead of Labor Day on September 7, marking a record high for the holiday period. The price is nearly $1 higher than the same period last year and significantly exceeds the previous record of $3.82 per ga

According to Mysteel, major steelmakers in Tangshan plan to raise the price of wet-quenched coke by 100 yuan per ton and dry-quenched coke by 110 yuan per ton starting September 10. Steel mills in the Xingtai region plan similar increases. The price adjustments mark the fifth round of coke price