Commodities (Crude Oil & Copper) & Macro Outlook

According to Citi's chief economist Josh Williamson, New Zealand's second-quarter CPI is expected to record its strongest quarterly gain in nearly four years, primarily driven by sharp increases in fuel prices. Non-tradeable inflation, however, showed a more modest rise

According to Guru Club, polysilicon futures contracts fell over 3% on July 17, currently trading at 34,000 yuan per ton.

According to Jin Lian Chuang, Chinese retail fuel prices rose on July 17, the tenth working day of the current pricing cycle. Gasoline increased 300 yuan per ton, while diesel rose 290 yuan per ton, equivalent to 0.22–0.25 yuan per liter depending on grade. The benchmark crude oil averaged $77.87 pe

According to Jin10 data, geopolitical tensions in the Middle East have disrupted energy shipments through the Strait of Hormuz in mid-July 2026. U.S. military conducted vessel inspections in the Gulf of Oman, while sanctioned tankers reversed course in the region. Iran stated the strait will not

According to CME data, on July 16, energy and precious metals futures showed mixed performance. Copper trading volume reached 38,868 contracts with 262,138 open positions, up 626 and 853 contracts respectively from the previous day. Natural gas volume was 502,060 contracts with 1,673,209 open positi

According to Gate data, Brent crude oil fell 1.00% intraday to trade at $83.26 per barrel on July 17.

From 05:15 to 05:30 (UTC) on July 17, 2026, BTC saw a sharp drop of 0.36% within 15 minutes; the price fell from 63,434.1 USDT to around 63,202.3 USDT, with an Ampl of 0.37%. Over the past 24 hours, BTC has cumulatively dropped by about 1.93%, falling from a $65,000 high to $63,415. Trading has been quiet, with the filled amount in the last 1 hour at only 199 BTC. Market sentiment is leaning toward cautious waiting. The main driver behind this move is the sudden escalation of the U.S.-Iran milit

SC crude oil futures fell 2.00% intraday on July 17, trading at 506.00 yuan per barrel.

According to Chuangci Insights, China's gasoline and diesel retail prices will increase by 0.24–0.25 yuan and 0.25 yuan per liter, respectively, at midnight on July 17. A 50-liter fuel tank will cost an additional 12 yuan to fill. The increases affect 92-octane gasoline, 95-octane gasoline, and

According to RBI Governor Sarthak Mallhotra on Friday (July 17), India's inflation remains above the central bank's 4% target for the first time in 18 months. The governor identified Middle East tensions and weak monsoon performance as key economic risks, attributing recent price pressures

Simultaneous escalation of conflicts in the Middle East and Ukraine drove international oil and grain prices higher on the 16th, prompting renewed interest rate hike expectations in the United States. Brent crude reached $84.23 per barrel while Chicago wheat futures surged 5% on the 15th to

According to reports, escalating conflicts in the Middle East and Ukraine on July 16 pushed oil and grain prices higher, stoking renewed inflation concerns in the U.S. Brent crude futures (September delivery) reached $84.23 per barrel, while WTI futures (August delivery) hit $78.95; Chicago wheat fu

In this morning's close on July 17, the commodity markets showed divergent movements driven by geopolitical factors and supply-demand dynamics. Shipping led gains, with EU container freight rates up 2.36%, while precious metals, soft commodities, and light chemical products declined. Shanghai

According to reports, CBOT wheat fell on Friday (July 17) but is on track to record gains for a third consecutive week, supported by supply concerns in the Black Sea region. Ukraine's infrastructure damage has disrupted exports and closed the Strait of Kerch, while deteriorating crop conditions in t

Indonesian billionaire Prajogo Pangestu's Barito Renewables Energy made an unsolicited US$5 billion bid for Energy Development Corporation (EDC), the Philippines' largest geothermal producer, First Gen Corporation confirmed to the Philippine Stock Exchange on Wednesday, July 15. The indicative,

According to Shanghai Metals Market, today (July 17), the mid-price of MMLC battery-grade lithium carbonate rose to 152,450 yuan/ton, up 1,250 yuan/ton from the previous close.

Semirara Mining and Power Corporation has filed a court petition against the Philippine Department of Energy over demands for proprietary information and asset inventory related to the Semirara coal operation. The Consunji-led company seeks protection from repeated DOE requests for geological

According to Rappler, Semirara Mining and Power Corporation (SMPC) filed a court petition on July 17 after the Department of Energy repeatedly demanded proprietary technical information and asset inventory related to its coal operations. The dispute follows DOE's rejection of SMPC's request to

From 01:30 to 01:45 (UTC) on July 17, 2026, BTC fell 0.39% over 15 minutes, trading in a range of 63,718.5 to 63,978.5 USDT, with a spread of 0.41%. Market volatility increased, trading volume remained relatively low, reflecting a pullback driven by short-term wait-and-see sentiment. The main driver behind this anomaly is a sharp escalation in the military conflict between the US and Iran. The US launched another round of strikes against Iran’s Bandar Abbas port and naval facilities, while Iran

Bitcoin (BTC) gave back midweek gains, temporarily around $63,890 on July 17. The U.S. “CLARITY Act” is entering the final sprint, and Trump’s conflicts of interest remain a key obstacle. He is accused of promoting Nvidia, Tesla, and Apple stocks just a few days after buying shares in those companies. Macro Events & Crypto Market Hotspots According to The Block, the U.S. Congress is in the final sprint for the “CLARITY Act.” Optimism among lawmakers is rising, but ethical provisions around confl