Commodities (Crude Oil & Copper) & Macro Outlook

According to Citi, the bank maintains its forecast for Henry Hub natural gas average prices at $2.8 per million BTU for 2027 and $3.2 per million BTU for the first quarter of 2027.

According to Jin10, U.S.-Iran tensions and the risk of Hormuz Strait closure on July 14, 2026 have intensified oil supply concerns for Chinese refiners. State-owned refineries face disruptions to Middle Eastern crude supplies, while regional refineries confront dual risks from Venezuelan crude

According to Guru Club, China's fertilizer exports in June dropped 48% year-over-year to 2.23 million tons, marking the lowest level since April 2024, as the country tightened export controls to prioritize domestic

According to Jin10 Futures, on July 14, rapeseed meal futures in Zhengzhou opened lower but rallied higher, with the benchmark contract closing up 1.47%. The rise was supported by a sharp climb in international crude oil futures. In the spot market, rapeseed meal trading slowed due to heavy

China's June exports surged 27% year-over-year, significantly exceeding expectations and marking the highest growth in over four years, amid a wave of artificial intelligence-related investment spending. First-half exports rose 17.6% compared to the same period last year.

According to Jin10 Futures, pure benzene in East China closed at 7,570 yuan/ton on July 13, up 280 yuan/ton from the previous trading day. The price gain was driven by rising crude oil prices amid escalating Middle East tensions, combined

South Korean government bond yields rose on July 14 as US-Iran tensions persisted and international oil prices surged. The 3-year benchmark government bond yield climbed 5.8 basis points to 3.868% as of 10:55 AM, while the 10-year yield increased 4.6 basis points to 4.313%. The sell-off was driven b

On July 14, South Korea's government bond yields climbed, according to Seoul bond market data, with 3-year benchmark rates rising to 3.868%, up 5.8 basis points from the previous close. The 10-year yield increased 4.6bp to 4.313%, and the 30-year yield rose 3.8bp to 4.483%. The advance followed

According to Guru Club citing China Customs, the country's natural gas imports in June rose 3.7% year-over-year to 10.93 million tons, marking the highest level in five months. The increase was driven by higher liquefied natural gas shipments amid declining domestic production and depleted

According to vessel tracking data, in the past week Iran's six U.S.-sanctioned very large crude carriers (VLCCs) transited the Strait of Hormuz and entered the Gulf of Oman with their automatic identification systems disabled, collectively carrying 12 million barrels of crude oil. These transits

According to Vantage Point analysis, Aboitiz Power Corporation secured the Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex through a P36.27 billion bid by the Thunder Consortium on February 9, 2026. The 789-MW facility is the Philippines' largest pumped-storage hydro installation, capable of a

Gate News: According to the latest Gate TradFi data, XBRUSD (Brent Crude UKOIL) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to China's General Administration of Customs, the country's crude oil imports in June fell to 29.27 million tons, down 41.33% year-over-year and 11.51% month-over-month, marking the lowest level since October 2016. The decline reflects combined pressures from Middle East tensions and

On Monday (July 14), U.S. stock indices ended lower as oil prices and bond yields spiked following fresh tensions between the U.S. and Iran over the Strait of Hormuz, stoking inflation concerns. The S&P 500 fell 0.8%, the Nasdaq 100 dropped 1.9%, and the Dow Jones Industrial Average eased 0.3%.

According to MoneyToday, South Korea's KOSPI index fell below 7,000 today (July 14), declining 1.64% to 6,695.44, after U.S. President Donald Trump's hawkish remarks on Iran sparked a sharp oil price surge. Trump stated that the U.S. would "very strongly" attack Iran and eventually control the

According to Guru Club, SC crude oil main futures surged over 9% on July 14, trading at 513.8 yuan per barrel.

The Korea Composite Stock Price Index (KOSPI) experienced sharp fluctuations during the early trading session on July 14. As of 11:00 a.m., it was at 6,712.84 points, down 1.38%. During the session, it briefly rose by more than 2% on bargain hunting, approaching the 7,000-point threshold, but then fell back to around 6,700 due to selling pressure. Retail investors were net sellers of 2.3 trillion won, while foreign investors were net buyers of 430 billion won. Retail investors sold 2.3 trillion

According to analyst Eamonn Sheridan at Investinglive, U.S. consumer prices are expected to decline 0.2% month-over-month in June, the first decrease since the pandemic, driven entirely by a 15% drop in gasoline prices between mid-May and end-June. Annual inflation is forecast to ease from May's 4.2

Gate News: According to the latest Gate TradFi data, XBRUSD (Brent Crude UKOIL) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Hyperinsight monitoring data, a whale address starting with 0xdcc opened a short position on Brent crude (BRENTOIL) on July 14 at 02:08 UTC with 18,452.29 contracts at an average price of $82.348, representing a notional value of approximately $1.52 million. The position was