Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, wheat futures prices surged on Monday, October 19, as fresh Russia-Ukraine military escalation over the weekend dampened prospects for Black Sea grain exports. Chicago wheat futures main contract rose 0.8%, though it touched its lowest level since August last week. The renewed

According to Jin10, Japan's day-ahead electricity spot price surged to 31.15 yen per kilowatt-hour (about $0.19) on October 19, marking a four-year high and up over 26% from the previous week, according to data from the Japan Electric Power Exchange (JEPX). Regional prices also climbed, with Tokyo u

According to Guru Club, India's federal government directed state-owned fuel retailers to stop procuring ethanol made from sugar and key sugarcane-based feedstock on October 19. The directive may impact domestic sugar producers'

Vietnam's state-owned PetroVietnam (PVN) is seeking to purchase 1.5 million British thermal units (MMBtu) of spot liquefied natural gas for delivery between November 5-8, 2026.

According to Guanajuato Silver's Q3 report released October 19, the company's Topía mine in Mexico increased lead and zinc production by over 20% year-over-year to 325 tonnes and 412 tonnes, respectively. Despite a slight decline in processing capacity at that mine, increased output from other

South Korean government bond yields rose on the morning of October 19, with the 3-year benchmark yield climbing 1.6 basis points to 3.851% and the 10-year yield advancing 0.9 basis points to 4.174% as of 10:57 AM. The upward movement followed a partial recovery in semiconductor stocks and rising int

According to bond market data, South Korea's 3-year government bond yield rose 1.6bp to 3.851% on the morning of October 19, while 10-year yields climbed 0.9bp to 4.174%. The advance was driven by renewed semiconductor strength and elevated international crude prices. Brent crude futures for

According to Bank of America, the bank's Bull-Bear Indicator has dropped to 7.4, ending its sell signal as extreme bullish sentiment recedes. However, cash flow data suggests investors have not significantly reduced exposure to risk assets, prompting the bank to maintain a defensive stance for the n

Iran's Islamic Revolutionary Guard Corps (IRGC) Navy claimed on the 17th (local time) that a supertanker carrying over 2 million barrels of crude oil collided with a sea mine in the Strait of Hormuz and caught fire, and stated that another supertanker carrying a similar cargo hit a mine in the

Early morning trading closed with mixed movements across China's commodity futures markets on October 19. Fuel oil surged over 6%, while urea, PVC, low-sulfur fuel oil (LU), platinum, iron ore, and manganese silicon gained over 1%. Apple futures fell over 4%, ethylene glycol (EG) declined

According to the Iranian Islamic Revolutionary Guard Corps (IRGC), on October 17, a supertanker carrying over 2 million barrels of crude oil caught fire in the Strait of Hormuz after striking a mine. The IRGC said the vessel's automatic identification system and radar were disabled, and it entered a

Commerzbank forecasts that international crude oil prices will decline to $85 per barrel by year-end despite Middle East crude exports recovering to pre-war levels. Dr. Vincent Stamer, researcher at Commerzbank Research, stated in a report released on the 16th (local time) that while tanker

According to Commerzbank Research, on October 16, the bank forecasts Brent crude will fall to $85 per barrel by year-end, down from current futures trading around $104/barrel. However, Middle Eastern crude export recovery will be offset by elevated shipping costs, limiting downstream oil product

According to China's National Bureau of Statistics, industrial enterprises' profits recovered significantly in the first eight months of 2026. Spokesman Wang Guanhua stated at a State Council press conference that price increases have played a positive role in improving corporate profitability.

According to Jin10 Futures, on October 16, 2026, ICE raw sugar futures settled at 20.85 US cents/lb with the Chinese yuan at 6.6870 per dollar. Quota-in Brazilian sugar processing landed cost was estimated at 5,138 yuan/ton with profit of 762 yuan/ton, while quota-out Brazilian sugar processing cost

On October 19, Trump signed an executive order exempting the U.S. from multiple sanctions against Russia. According to Zaner Group market sentiment data, American crude oil short positions reached 74%, while spot gold and silver long positions exceeded 90%, reflecting heightened market uncertainty a

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate (spot market, midday) traded at 102,750 yuan/ton today, up 1,250 yuan/ton from yesterday's 4:30 PM closing level.

South Korean government bond futures declined in early trading on October 19, with 3-year futures down 1 tick to 103.04 and 10-year futures down 12 ticks to 106.52 as of 9:11 AM, according to Yonhap Infomax. The decline occurred despite weakness in the stock market, reflecting market perception

According to China's National Bureau of Statistics, industrial natural gas output reached 21 billion cubic meters in September, down 1.0% year-over-year, with daily average output at 700 million cubic meters. For the first nine months of 2026, cumulative industrial natural gas production

Bitcoin (BTC) staged a sharp short-term rebound at the start of the week, trading at around $82,520 on October 19. Japan’s three major financial groups jointly announced that they had successfully completed a proof-of-concept test for issuing a yen stablecoin and facilitating cross-border corporate payments. Strive increased its holdings by nearly 7,600 BTC over the past two weeks, bringing its total holdings to 35,595 BTC and prompting investment bank TD Cowen to raise its price target from $44