Commodities (Crude Oil & Copper) & Macro Outlook

According to South Korea's Ministry of Land, Infrastructure and Transport, the government unveiled the 5th Overseas Construction Promotion Plan on July 5, shifting the sector from construction-focused work toward high-value industries combining advanced technology and global finance. The plan

Korean stocks defied conventional market expectations since mid-May, with declining oil prices and stabilizing interest rates failing to boost traditional growth sectors. SK Securities analyst Kang Dae-seung identified in a report published on the 2nd that money is shifting away from large-cap

According to Financial Times, U.S. investment in fossil fuel technologies is set to overtake China for the first time in decades, driven by surging demand for gas-fired turbines as companies accelerate data center

On July 4, Iran's ambassador to China Abdolreza Rahmani Fazli announced during the 14th World Peace Forum in Beijing that Iran plans to charge transit fees in the Strait of Hormuz according to international standards. The fees would cover costs related to navigation safety, maritime safety

According to 澎湃, on July 2, the U.S. Defense Logistics Agency (DLA) announced a tender for a five-year fixed-price contract to procure battery-grade lithium carbonate for America's strategic defense reserve. The procurement targets up to 16,167 tons of lithium carbonate with a maximum contract

Xangle researcher Kim Jun-seong issued a research report stating that employment slowdown and oil price stability support cryptocurrency risk appetite. The report, released the day before the 5th, identified the core variables in the recent cryptocurrency market as the reassessment of the Federal

According to a Jangle research report on July 5, weak U.S. June employment data and stable oil prices are supporting crypto asset risk appetite. U.S. non-farm payrolls rose by 57,000 in June, well below the expected 110,000, while the unemployment rate fell to 4.2% and wage growth remained at 0.3% m

According to Guru Club on July 4, following the U.S.-Iran peace agreement, over 60 million barrels of oil trapped by conflict flooded the market, causing crude prices to decline globally. Demand has been unable to absorb the supply increase, reigniting concerns over a potential crude surplus.

According to Guru Club, Russian President Vladimir Putin signed legislation on July 4 to address domestic fuel shortages. The Tax Code amendment allows companies to blend straight-run gasoline with other components to produce higher-octane vehicle fuel. The measure also includes subsidies for fuel i

South Korean oil refiners face a sharp earnings decline in Q2 2026 as crude prices collapsed following a Middle East war-driven spike, with some companies turning to losses from late May. S-Oil's Q2 operating profit consensus stands at 1.0966

According to Yonhapnews, South Korea's major refiners posted significantly lower second-quarter earnings starting in recent weeks, as international crude prices fell sharply from over $120 to around $70 per barrel following Middle East peace hopes. SK Innovation's petroleum division operating

According to Chosun Biz, Korea Investment PE (한투PE) completed the first closing of its Supply Chain Stabilization Fund on July 3. The fund, focused on securing critical minerals and energy supply chains, follows the private equity firm's recent completion of a share acquisition deal involving SK

According to Jin10, following the U.S.-Iran peace accord signed in mid-June, oil prices declined globally as over 60 million barrels of Iranian crude that had been trapped due to conflict entered the market in the weeks after the agreement. The reopening of the Strait of Hormuz has triggered

According to Kpler, Saudi Arabia, the UAE, Kuwait, Iraq, and Iran combined to export 10.07 million barrels per day of crude oil and condensate in June, up over 3.5 million barrels from May. Energy research firm Vortexa estimated the region's daily exports at around 10.2 million barrels in June,

Theodore Gillibrand, the 22-year-old son of Sen. Kirsten Gillibrand (D-NY), secured investment for his fintech startup from billionaire Chris Larsen, co-founder of Ripple, POLITICO reported on July 2. Along with Larsen, hedge fund manager John Griffin, investor Mark Ein, and Anduril Industries found

Russia claimed today that unmanned drones attacked the Saint Petersburg oil terminal. The incident marks continued military activity targeting infrastructure in the region.

According to Shanghai Shipping Exchange, on July 4, the Far East dry bulk freight index fell 2.2% to 1807.11 points during the week. Three major ship types showed mixed performance: Capesize vessels benefited from improved iron ore demand with rates recovering, Panamax ships gained on grain and

According to China's National Bureau of Statistics, in late June 2026 compared with mid-June, prices of 13 commodities rose, 34 fell, and 3 remained unchanged.

According to Huaxia Times, major steel mills in Shandong and multiple regions in Tianjin and Hebei raised metallurgical coke procurement prices on July 4. Wet-quenched coke increased CNY 50/ton and dry-quenched coke rose CNY 55/ton across all regions. After the adjustment, Grade-A wet-quenched coke

According to a consumer electronics manufacturer on July 3, Samsung Electronics plans to increase average prices for DRAM in the third quarter by 20% compared to the previous quarter. The company has already notified customers verbally about the price increase following discussions in