Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on October 20, Shanghai Shipping Exchange released the RMB-denominated Far Eastern Dry Bulk Index (FDI). The initiative aims to shift dry bulk freight rate measurement from U.S. dollars to Chinese yuan, establishing a global RMB standard for dry bulk shipping rates while

According to a company announcement, Sunshine Oilsands Limited's subsidiary Shenzhen Zhongwang Energy Technology Co., Ltd signed a 33-year energy cooperation agreement with Anshan East Sifangtai District People's Government on October 20. Shenzhen Zhongwang Energy will retrofit the government

According to shipping data, at least two Russian diesel tankers are heading to Turkey and Brazil following Moscow's lifting of its diesel export ban. The route resumptions signal renewed Russian fuel exports after the previously imposed

According to Guru Club, on October 20, Chile's state copper company Codelco set its European market copper premium at $350 per ton, a historic high.

U.S. Secretary of State Rubio said on October 20 that the United States will hold talks with Reliance about refining more Venezuelan crude oil. The statement reflects ongoing diplomatic engagement regarding energy trade negotiations between Washington and the Indian energy

According to Citi's latest quantitative research report, oil price decline is a prerequisite for U.S. 10-year Treasury yields to peak. The bank's analysis framework identifies oil prices as a leading indicator that must fall before yields reach their ultimate peak. Currently, geopolitical tensions k

According to China Energy Exchange, on October 20, a group of accounts under the same control exceeded daily position-opening trading limits on related futures contracts, violating Article 16 of the exchange's abnormal trading behavior management rules. The exchange announced restrictions on positio

Sangsangin Securities analyst Choi Ye-chan forecasted on October 20 that upward pressure on the dollar-won exchange rate will prevail next year as dollars earned from semiconductor exports are reinvested in US assets. The analysis attributes this to individual overseas stock investments and

According to Guru Club, Fatih Birol, director of the International Energy Agency (IEA), stated today that the organization will consider releasing additional oil from its emergency reserves if necessary.

Zema Global has expanded its partnership with Marex, making a broader range of Marex pricing, curve, index, and historical datasets available through Zema's Decisioning Infrastructure. The expanded offering covers crude oil, refined products, freight, petrochemicals, natural gas liquids, biofuels, p

According to FactSet data compiled by Barron's, energy stocks in the S&P 500 begin their earnings season today (Tuesday, October 20) with third-quarter earnings per share expected to grow 128% year-over-year, roughly double the growth rate of the technology sector. This marks a significant

According to an announcement from Yankuang Energy (01171), in Q3 2026, commodity coal output totaled 43.77 million tonnes, down 4.9% year-over-year. Commodity coal sales reached 44.50 million tonnes, representing a 3.51% decline compared to the same period last year, with self-produced coal sales

According to Iran's Tasnim News Agency, two tankers caught fire on mines in the Strait of Hormuz and were forced to halt on October 20. Iran's Islamic Revolutionary Guard Corps said it shot down the 54th U.S. MQ-9 drone. The Guard's naval and aerospace forces continue to monitor the region and

Brent crude oil broke above $110 a barrel on Tuesday and held there, with the December contract at $111.08, up $1.53 or 1.40% on the session. The move follows a full week of gains rather than one session's spike, with Brent crude oil up 6.51% over five sessions, 10.61% on the month and 24.15%

According to Jin10 Futures, on October 19, crude oil markets showed divergence: WTI November futures rose $2.25 to settle at $103.66 per barrel, while Brent December futures fell $0.31 to $109.55 per barrel. Naphtha surged $20 to $996 per ton CFR Japan. In Asia, MX declined $10 to $1,180 per ton

WTI crude oil broke through $100 per barrel today, marking the first time since September 16, with intraday gains of 1.98%.

Robot concept stocks rallied today on October 20 amid multiple industry catalysts. Robot ETFs rose sharply, with Guotai (159272.SZ) climbing 4.84% to 0.737 yuan, Penghua (159278.SZ) gaining 4.83% to 0.868 yuan, and Yifangda (159530.SZ) advancing 4.81% to 1.220 yuan. Tesla's recent shareholder

According to ZhiTong Finance, Yanzhou Coal Australia (03668) reported equity sales volume of 9 million tons for Q3 2026, declining 23% quarter-over-quarter and 16% year-over-year. The quarter saw continued price gains, with thermal coal prices up 7% and metallurgical coal prices up 5%. The company's

According to First Chuangye Futures, industrial silicon futures fell nearly 2% on October 20 amid weakening demand. The main contract is expected to oscillate between 8,200 and 8,600 yuan as polysilicon production cuts intensify and downstream purchasing remains limited, while supply constraints in

The Shanghai International Energy Exchange announced on October 20 that starting from the last trading day of October 2026, non-futures company members, foreign special brokers or customers lacking hedge position