Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, methanol futures contracts 2610 and 2611 hit daily limit-up intraday on July 20, then opened their limit-up positions with reduced gains. The main contract 2609 is up 5.61% to 2,784 yuan per ton, retreating from earlier gains of

Motorists in the Philippines face steep fuel price increases starting July 21, Energy Secretary Sharon Garin announced at a press conference on July 20. Diesel will rise P10.68 per liter, gasoline will increase P3.65 per liter, and kerosene will jump P11.77 per liter. The price hikes stem from

According to Energy Secretary Sharon Garin, Philippine motorists will face steep fuel price increases starting July 21, with diesel rising P10.68 per liter, gasoline up P3.65 per liter, and kerosene increasing P11.77 per liter, as announced on July 20. The hike follows renewed hostilities in the

According to Morgan Stanley, Europe faces tightening diesel supply, with inventories declining and refining profits hitting record highs, as stated in a July 19 report. The bank's supply-demand model, presented by analyst Martijn Rats and colleagues, shows European diesel stocks are expected to

U.S. stock index futures for the three major indexes fell on July 20: S&P 500 index futures and Nasdaq 100 index futures each dropped about 0.1%, while Dow Jones index futures fell nearly 0.2%. The trigger was the eighth consecutive day of U.S. airstrikes on Iran. The U.S. Central Command said the operation was intended to weaken Iran’s ability to threaten commercial shipping through the Strait of Hormuz and to quickly punish Iran’s Islamic Revolutionary Guard Corps (IRGC) forces that attacked U

According to Shanghai Steel Union data, battery-grade lithium carbonate (MMLC) mid-price fell to 152,200 yuan/ton this morning, down 350 yuan/ton from the previous day's 4:30 p.m. closing price.

According to MSX.COM, Hong Kong oil and gas stocks surged on July 20 early morning local time. China National Offshore Oil Corporation (00883.HK) and China National Petroleum Corporation (00857.HK) both rose over 5%, while China Petroleum & Chemical Corporation (00386.HK) rose over 2%, and

Korean government bond futures declined on July 20, with 3-year futures down 17 ticks to 102.72 and 10-year futures falling 43 ticks to 104.98 as of 8:59 AM, according to Yonhap Infomax. The decline followed international oil price surges driven by escalating US-Iran military conflict and renewed ma

Intraday on July 20, liquefied petroleum gas (LPG) futures jumped 8.00% to 5,654 yuan per ton, while paraxylene (PX) futures extended gains to 4.00%, trading at 8,434 yuan per ton.

According to Yonhapinfomax, on July 20, South Korean government bond futures fell as escalating U.S.-Iran conflict drove crude oil prices higher. The 3-year government bond futures dropped 17 basis points to 102.72, while the 10-year contract declined 43 basis points to 104.98. WTI crude oil

According to Iranian media reports on July 19, the suburbs of Abadan, a major oil hub in southwestern Iran, were struck by U.S. missiles. Iranian authorities confirmed the attack and reported no casualties. Abadan is a key industrial city housing multiple

According to Jin10, as of 09:30 BJT on July 20, WTI crude oil futures rose 2.23%, while U.S. natural gas futures declined 0.79%.

According to Iran's Islamic Revolutionary Guard Corps (IRGC), two tankers were destroyed after attempting to transit the southern route of the Strait of Hormuz. The IRGC warned that the strait will remain unsafe for transporting petrochemical products or any oil and gas shipments as long as the

From 00:45 to 01:00 (UTC) on July 20, 2026, BTC fell by 0.41% over 15 minutes. Its price range was 64,411.7–64,822.2 USDT, with an Ampl of 0.63%. Over the past 24 hours, BTC’s price change was only -0.02%. The current offer is about $64,824.5. The intraday trading range is limited to $64,278–$64,970 (Ampl of about 1.1%). Overall, the market shows extremely low volatility characteristics: trading is thin and the filled amount is at a relatively low level. The main driver behind this abnormal move

According to Guru Club, shipping index Europe route main contract rose 5% intraday on July 20, currently trading at 2775.0 points.

Liquefied petroleum gas (LPG) futures rallied intraday on July 20, gaining over 6% to reach 5,522 yuan per ton.

According to Jinlian and Jin10 Futures, on July 20, China's gasoline and diesel prices are forecast to rise 450 yuan/ton, with the adjustment window set for July 31 at 24:00. The crude oil price change rate reached 9.54%, with reference oil types averaging $85.30 per barrel. Regional markets,

Seoul bond market participants adopted a cautious stance on July 20, monitoring international oil prices and semiconductor manufacturer stock movements following escalating geopolitical tensions and central bank policy signals. Iran officially announced over the weekend it would no longer fulfill

According to Bank of Korea Governor Shin Hyun-sung, on July 20, the central bank left open the possibility of consecutive rate hikes, with Q2 GDP data due on July 23 expected to be a decisive factor. Shin emphasized that core inflation's convergence to the 2% target depends on how monetary policy re