Commodities (Crude Oil & Copper) & Macro Outlook

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

According to the National Bureau of Statistics, China's industrial production in September showed divergent trends across key sectors. Raw coal output registered a narrowing decline, while crude oil production accelerated growth. Natural gas production remained stable, though electricity

China's real estate development investment declined 20.6% year-over-year in January-September 2026, worsening from a 19.9% drop in the previous period, according to official statistics.

According to Guru Club, as of October 19, traders are increasingly cautious about copper's bull run, fearing a sharp price collapse if U.S. tariff policies fail to materialize. Since Donald Trump's return to office, market expectations of tariffs on copper sparked a global inventory restructuring

According to Guru Club, China's egg futures continuous main contract fell 3% intraday on October 19, trading at 3,250 yuan.

GS Corporation issued 150 billion won in corporate bonds on the 21st, achieving interest rate spreads 10-11 basis points below market averages despite ongoing weakness in the credit market. The AA-rated company received orders totaling 1.37 trillion won on the 13th, prompting an increase from the or

According to U.S. Energy Secretary Wright, oil shipments from the Gulf region have recovered to 80% of pre-conflict levels. The official noted that refined oil supplies from the region remain insufficient for global

According to futures market data on October 19, coke prices are set to rise across nine Shandong cities including Weifang, Binzhou, Dezhou, Jining, Zaozhuang, Heze, Rizhao, Tai'an, and Linyi. The price increases follow broader energy market concerns. The Strait of Hormuz remains under blockade,

William Blair energy research analyst Neil Dingmann stated the possibility of an oil price super spike, with West Texas Intermediate (WTI) crude recently trading near $100 per barrel and Brent crude near $110. The forecast aligns with comments from multiple major company CEOs regarding elevated pric

According to Jin10 Futures, on October 19, ethylene glycol market showed strengthening momentum, with buy bids at 5,630 yuan/ton and sell offers at 5,640 yuan/ton. Spot basis spreads for current week stood at 11+400 to 410 yuan/ton, while November basis ranged between 11+260 and 11+300 for early

According to Yahoo Finance on October 17, energy analysts predict the possibility of a major oil price surge. William Blair analyst Neil Dingman stated that geopolitical events are now triggering actual physical disruptions to oil supplies. West Texas Intermediate (WTI) crude is currently trading ne

According to Golden Fusion (金联创), China's crude oil products are expected to rise by 270 yuan per ton, with a conversion rate of 5.15% as of October 19. The reference oil price averaged $103.79 per barrel. The current price adjustment window closes on October 29 at 24:00.

According to Gate data, Brent crude (XBRUSD) fell to $110.02 per barrel, down 1.7% from the previous trading session close.

Bitcoin (BTC) continued its recovery toward $82,500 on Oct. 19, which was also the 39th anniversary of Black Monday in 1987. The S&P 500 closed down 1.09% at 7,659.44 points last Friday. During a phone call with Trump, Putin proposed holding a trilateral summit to discuss the Ukraine conflict, tentatively during the APEC summit in Shenzhen in November; the U.S. has not formally accepted the proposal. Bitcoin Rebounds from a Low of $80,750 According to TradingView charts, after breaking above $81

According to Guru Club, lithium carbonate futures fell 4% intraday on October 19, trading at 95,080 yuan/ton.

According to Guru Club, fuel oil futures contracts surged 6.57% intraday on October 19, reaching 5,777 yuan per ton.