Commodities (Crude Oil & Copper) & Macro Outlook

Chinese commodity futures opened mostly lower in early morning trading on October 20. Ethylene glycol led declines with a drop exceeding 3%, while coking coal and synthetic rubber fell over 2%. Conversely, crude oil, lithium carbonate, PVC, benzene, and Shanghai nickel each rose over 1%.

According to Yonhapinfomax, South Korean stocks rallied for a second consecutive day on October 20, with KOSPI gaining 1.76% and KOSDAQ rising 1.78%, extending recovery from the recent sharp selloff. Foreign investors resumed buying, purchasing a combined 600 billion won in equities across

According to on-chain analyst Yu Jin, a whale sold 12,468 ETH at $2,368 yesterday (Oct 20), realizing approximately $8.99 million in profit from leveraged buys at $1,647 in early June. The whale had originally purchased $30 million worth of ETH at that lower price point. Following the sale, the wha

According to China Customs data, China's rare earth magnet exports reached 6,165.1 tons in September, up 23% month-on-month. Exports to the United States totaled 604.2 tons, an 18% increase compared to the previous month.

According to BlockBeats, on October 20, the U.S. Commodity Futures Trading Commission (CFTC) filed court documents arguing that CME lacks legal standing to challenge its perpetual futures policy, stating CME has failed to demonstrate imminent financial harm. The CFTC noted that CME's crypto futures

According to the U.S. Department of Agriculture (USDA) on October 20, private exporters reported sales of 114,000 tons of soybeans to China and 261,000 tons to unknown destinations. The data reflects ongoing activity in the global soybean trade despite market

Yemen's Houthi rebels attacked six Saudi Arabian facilities over the past 48 hours using ballistic missiles, cruise missiles, and drones, according to a statement by military spokesman Yahya Saree on October 19. The Houthi group stated the strikes targeted Aramco facilities in Yanbu, the

On Monday (October 19), spot gold fell 0.6% to $4,140.57 per ounce in New York late trading, after reaching highs near $4,180 during Asia-Pacific hours before retreating. Spot silver rose 0.15% to $57.0762 per ounce, having hit a daily high of $57.8542 earlier. COMEX copper futures gained 0.14% to $

According to Jin10 Data, Cuba's new oil and gas regulations took effect on October 19, expanding participation opportunities for domestic private enterprises and foreign investors. The new regulations, comprising Decree No. 135 on Oil and Gas and its accompanying Implementing Decree No. 184, were

Steel Dynamics reported third-quarter net sales of $6.51 billion, beating analyst expectations of $6.41 billion. However, adjusted EBITDA came in at $1.19 billion, falling short of the forecasted $1.23 billion.

According to Jin10, Energy Secretary Wright stated on October 20 that the Trump administration is advancing a program to convert sanctioned tankers into compliant vessels through an approval process. Investors are planning to acquire idle tankers, renovate them, and use them to transport non-sanctio

On Monday, October 19, U.S. real estate ETF declined 1.14%, leading losses across major asset classes. U.S. Treasury 20+ year ETF fell 0.74%, while gold ETF, investment-grade corporate bond ETF, and soybean fund dropped up to 0.61%. Nasdaq-100 ETF advanced 1.21%, with emerging market ETF up 0.73% a

According to Jin10, Iran's Islamic Revolutionary Guard Corps warned today that if the United States takes further military action, Iran will expand its blockade beyond the Strait of Hormuz to include the Suez Canal, risking a severe global energy crisis. Spokesman Hossein Mehrabi stated that Iran ha

According to Bloomberg and CBOT data, on Monday (Oct 19) at the close in New York, CBOT corn futures fell 1.58% to $4.6675 per bushel, with the Bloomberg grain index declining 0.93% to 31.5523 points, approaching its August 14 low of 31.4586. Other agricultural futures also retreated: CBOT wheat fu

Global markets face persistent inflation pressures, central bank policy divergence, Middle East energy supply disruptions, and tech sector turbulence affecting risk assets. Recent economic data confirmed hotter-than-expected US Consumer Price Index (CPI) and Producer Price Index (PPI) reports,