Commodities (Crude Oil & Copper) & Macro Outlook

According to China Jinlian Creative Investment, as of September 7 (the sixth working day of the current pricing cycle), reference crude oil averaged $91.25 per barrel, representing a 4.04% increase. Based on this, domestic gasoline and diesel retail prices are expected to rise by 200 yuan per ton, w

According to U.S. reports, the Kylo tanker sank in the Gulf of Oman today (September 7).

According to Jin10 Futures, Iran announced plans to establish an exclusion zone in waters beyond the Strait of Hormuz in coming days. The country also indicated it will soon sign a related agreement with Oman regarding the strategic waterway. International crude oil prices opened slightly higher in

According to Jin10 Futures, U.S. and Iranian forces escalated military operations near the Strait of Hormuz on September 7, sparking significant attention in global oil markets. Despite heightened tensions, the current conflict has not caused direct damage to Middle East energy infrastructure, and c

According to CCTV News, on September 5, the U.S. military struck three Iranian tankers amid ongoing military tensions. In response, Iran attacked multiple tankers and U.S. vessels in the Persian Gulf, warning ships to avoid unauthorized navigation routes. Regional analysts note that with no

According to NH Investment & Securities and Korea Investment & Securities on September 7, S-Oil's Q3 operating profit is expected to reach 1.2945 trillion won, up 34.1% quarter-over-quarter and exceeding market consensus of 1.0574 trillion won by over 22%. Refining division profit alone is

According to Gate data, Brent crude oil (XBRUSD) broke through $98 per barrel, trading at $98.12, up 0.8% from the previous trading session close.

According to Korean Economy TV, stronger-than-expected U.S. employment data over the weekend lifted market expectations for a Fed rate hike in September to 60% from 49%, pressuring risk assets. Bitcoin tumbled to $79,000 before recovering to test $80,000, while gold dropped below $4,500 per troy

According to Jin10 Futures, CBOT soft red winter wheat futures fell 6.4% for the week ending September 4, retreating from three-and-a-half-year highs reached earlier in the week following signals from Russian President Putin that a peace accord ending the Black Sea conflict may be within reach. Rus

According to reports, as of the week ending September 4, 2026, CBOT soybean oil futures fell 2.5% in the benchmark December contract, primarily driven by the U.S. Environmental Protection Agency's approval of renewable fuel exemptions for small refineries exceeding initial expectations, combined

According to shipping intelligence firm Kpler, the 10-day moving average shows an average of 10 cargo vessels transiting the Hormuz Strait daily, marking the lowest level since May.

US August non-farm payrolls surged to 162,000 new jobs, tripling the market consensus of 56,000, according to data released over the weekend. The unexpected employment strength triggered renewed Federal Reserve rate hike concerns, pushing the probability of a September 0.25 percentage point

According to Jin10, the U.S. attacked three Iranian oil tankers over the weekend on September 6, destroying one vessel in retaliation for Iranian ballistic missile strikes on American naval ships. In response, Tehran announced the establishment of new maritime exclusion zones near the Strait of

NH Investment & Securities raised its target price for S-Oil stocks by 27.3% to 210,000 won, citing favorable refining industry conditions lasting longer than anticipated. Analyst Choi Young-kwang attributed the upgrade to sustained strength in refining margins amid tight supply and structural

According to Korea Investment & Securities, air cargo fares and shipping rates exceeded market expectations in the third quarter of 2026 despite Middle East tensions. Korean Air's cargo fares rose over 30% in July and August alone, supported by strong AI-related demand. The China Container Freight I

According to Securities Daily, China natural rubber futures surged to record highs on Sept 1 and 3, with the RU2701 contract reaching 19,105 yuan per ton on Sept 1, marking its highest level since December 10, 2024, and the NR2611 contract touching 16,115 yuan per ton on Sept 3. Spot markets

CME Group plans to launch two compute futures products in October, in partnership with GPU price index provider Silicon Data, pending regulatory approval. The derivatives track hourly rental price indices for NVIDIA's H100 and B200 GPUs. The launch responds to surging demand for AI computing

According to Yonhapinfomax, CME Group and Silicon Data will launch two compute futures products in October 2026 following regulatory approval. The derivatives will track hourly GPU rental prices for Nvidia's H100 and B200 processors. AI developers can use compute futures to hedge against rising rent

According to Jin10 News, OPEC+ decided yesterday to maintain October oil production targets unchanged. Separately, the White House stated that U.S. and Russian officials discussed substantive plans on Russia-Ukraine conflict negotiations, with details to be announced in coming weeks. Ukrainian

According to Bank of America chief equity strategist Michael Hartnett in a Friday strategy report, with Trump's approval rating at 35-40%, Democrats face growing odds of gaining full control of Congress in midterm elections. Hartnett warned this would trigger a major risk-off event, driving U.S.