Commodities (Crude Oil & Copper) & Macro Outlook

PetroVietnam Gas signed a liquefied natural gas (LNG) supply contract with Shell Trading East & Overseas Company, covering the 2027-2031 period.

According to Bloomberg, South Korean mid-sized shipping company Sinoco has leased very large crude carriers (VLCCs) to Abu Dhabi National Oil Company (ADNOC) since mid-April, generating an estimated 180 billion Korean won in revenue amid the ongoing volatility surrounding the Strait of

According to Yonhap Infomax, crude oil prices declined on July 6 as shipping operations resumed through the Strait of Hormuz and OPEC+ announced a production increase starting in August. August WTI fell 0.39% to $68.42 per barrel, while September Brent crude declined 0.55% to $71.72 per barrel as of

According to Jin10 and Mysteel research, Mongolia's three major border ports will shut down for five days (July 11-15) during the traditional Naadam Festival, reopening on July 16. As some Mongolian drivers have taken early leave, Ganqimaodu port's vehicle throughput is expected to decline

Wood Mackenzie forecasts US natural gas prices will rise through 2035, ending a decade of low-cost supply driven by the AI boom and expanding LNG exports. The energy consultancy stated that AI data center construction and US LNG export infrastructure expansion will support strong demand. For 10

According to Wood Mackenzie, reported by Oilprice.com on July 6, U.S. natural gas prices are expected to rise to $5 per MMBtu by 2035, ending a decade of low-cost supply. AI data center construction and expanded LNG export infrastructure will drive stronger demand. The Henry Hub benchmark price

Westpac forecasts the Reserve Bank of New Zealand (RBNZ) will hold its Official Cash Rate (OCR) at 2.25% at the July 8 monetary policy meeting. The Australian bank cited a sharp drop in international oil prices following Middle East ceasefire agreements, which significantly reduced inflation

According to Westpac's report released on July 6, the Reserve Bank of New Zealand (RBNZ) is expected to hold its official cash rate (OCR) steady at 2.25% at its monetary policy meeting on July 8. Westpac cited a significant decline in international oil prices following recent Middle East ceasefire a

According to Karsten Junius, chief economist at Swiss financial firm, on July 6, the oil market has transitioned from supply concerns to initial stability. Junius noted that a U.S.-Iran agreement could facilitate the resumption of shipping through the Strait of Hormuz, framed as a memorandum of

Liquefied petroleum gas (LPG) main contract futures fell over 2% intraday on July 6, trading at 4,447 yuan per ton.

According to Gao Tong Haitong chief strategist Fang Yi, reported by Jin10 on July 6, the Chinese stock market remains in a favorable window for long positions. Fang noted that while markets experienced minor fluctuations in recent days, this does not warrant concern. U.S. core

According to Shanghai Steelhome data, the midpoint price of MMLC battery-grade lithium carbonate fell 500 yuan per ton to 165,300 yuan per ton in early trading today, down from the previous day's 16:30

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.