Commodities (Crude Oil & Copper) & Macro Outlook

SK Hynix purchased approximately 15.65 trillion won in corporate bonds over a one-month period ending on the 2nd, according to estimates from a securities firm. The purchases were driven by a surge in surplus funds resulting from an unprecedented boom in the semiconductor industry. The buying

The international oil market is experiencing disruption as increased supply flows through the reopened Hormuz Strait, according to JP Morgan commodity strategist Natasha Kaneva. The supply surge is colliding with a market that does not currently need the oil, creating a contradiction in market

According to JP Morgan commodity strategist Natasha Kaneva via Yahoo Finance on July 5, the international crude oil market faces a supply-demand mismatch following the reopening of the Hormuz Strait. Oil supply is surging into markets that

According to India's petroleum ministry, on July 6, the government is expanding domestic crude oil exploration to reduce energy import reliance. Oil and Gas Minister Hardeep Singh Puri told AFP that India is currently tendering exploration rights for approximately 250,000 square kilometers of

According to real-time energy futures quotes, as of 09:30 Beijing time on July 6, WTI crude oil futures fell 0.15% and U.S. natural gas futures declined 0.72%.

China's Containerized Freight Index Europe route main contract fell 2.00% intraday on July 6, closing at 2606.5 points.

South Korean prosecutors charged four refineries with price-fixing collusion, alleging they coordinated to raise fuel prices despite adequate oil reserves. Prosecutors stated the companies conspired to maintain artificially high prices in the

Robin Brooks, a senior fellow at the Brookings Institution and former Goldman Sachs foreign exchange strategist, argued on July 5 (local time) that financial markets are excessively pricing in additional Federal Reserve tightening as international oil prices return to pre-war levels. Brooks stated i

The European Union allocated South Korea a tariff-free steel import quota of 2.073 million tons, representing a 19.7% reduction from the previous 2.581 million tons, according to a statement released by the Korea Iron & Steel Association on the 1st. Despite the reduction, the industry association

According to Robin Brooks, a senior fellow at the Brookings Institution and former Goldman Sachs FX strategist, on July 5, crude oil prices have returned to pre-Middle East war levels, with the Strait of Hormuz seeing rapid normalization in crude shipments. Brooks noted that Saudi Arabia and the

According to the Korean Steel Industry Association's statement on July 1, the EU allocated Korea a duty-free quota of 2.073 million tons for steel exports, down 19.7% from the previous 2.581 million tons. Excess shipments will face a 50% tariff, up from the previous 25%. Despite the reduction, Korea

POSCO Holdings is projected to report Q2 operating profit below market expectations, according to analysis from Meritz Securities and Hana Securities. Meritz Securities estimated Q2 consolidated operating profit at 687.6 billion won, while Hana Securities projected 689.6 billion won—both figures

Video monitoring of the Strait of Hormuz shows tanker traffic entering and exiting the critical oil passage increased over the past 24 hours; however, current flow volumes remain inadequate to offset the ongoing production

According to Huatai Securities, South Korea's exports surpassed expectations in June, with trade surplus reaching an all-time high, driven by strong AI-related supply chain demand. The brokerage noted that leading indicators suggest continued strength in AI trade, indicating South Korea's export

According to the US Department of Defense Logistics Agency (DLA), on July 2, the agency released a procurement notice for a five-year fixed-price contract to acquire battery-grade lithium carbonate to supplement the US National Defense Stockpile. This marks the first large-scale strategic procuremen

OPEC+ raised production for the fifth consecutive month, according to its official policy statement. The organization said it will continue to closely monitor market conditions and maintain a cautious approach with sufficient flexibility to increase, suspend, or reverse production adjustments as

According to Jin10 Futures, Malaysia's crude palm oil futures on the Bursa Malaysia Derivatives exchange are expected to decline at Monday's opening on July 6, reflecting weak market fundamentals. Analysts attribute the decline to rising production expectations that could increase inventory

According to China Citic Securities Investment, aluminum foil suppliers have raised processing fees by 1,000-1,500 yuan per ton so far in 2026, with the industry's leading player commanding approximately 38% market share. The research firm projects supply-demand dynamics will continue to tighten

Gold and silver prices showed signs of recovery over the weekend after a difficult first half, with gold climbing back to $4,180 per troy ounce and silver futures rising to $62 from a low of $57. The precious metals had fallen sharply earlier — gold down 28% from its peak and silver cut in half —

According to Guru Club, global markets posted solid gains last week with European Stoxx 50 up 0.9% to record highs, while commodities surged—spot gold gained 2.13% and silver jumped 5.42%, as the U.S. dollar index fell 0.51% on cooling rate-hike expectations. Conversely, oil prices declined, with