Commodities (Crude Oil & Copper) & Macro Outlook

US President Donald Trump's remarks mentioning South Korea in connection with Alaska's liquefied natural gas (LNG) project triggered rallies across Korean steel and pipe stocks on the 3rd. Trump stated on the 2nd (local time) at the White House that 'Japan and Korea are there. All these people are g

According to Jin10 Futures citing Shanghai Futures Exchange data, on September 3, fuel oil futures inventories declined by 26,650 tonnes compared to the previous trading day, falling to 45,240 tonnes. Pulp futures warehouse inventories increased by 3,939 tonnes to 397,188 tonnes, while petroleum

According to Jin10, citing Shanghai Futures Exchange (SHFE) data released on September 3, metal warehouse receipts showed mixed movements: Copper futures receipts fell to 27,558 tonnes, down 1,959 tonnes day-over-day; aluminum futures receipts decreased to 228,144 tonnes, down 6,045 tonnes; and

At midday close on September 3, China's futures main contracts fell more broadly than they rose. Shipping futures on European routes dropped over 6%, with fuel oil down over 4%, plywood, coking coal, and lithium carbonate each declining over 3%. Palladium led gainers, rising over 4%, followed by

Japanese stock indices closed mixed as the Nikkei 225 fell 0.17% to 64,214.48 while the Topix index gained 0.5% to 4,102.04. The divergent performance followed an overnight rebound in US markets. Technical buying emerged after the previous session's approximately 1,900-point Nikkei plunge, though ga

According to Yonhap Infomax, Japan's Nikkei 225 index fell 111.16 points to 64,214.48 on September 3, despite rebounds in U.S. equities overnight. The TOPIX index rose 20.44 points to 4,102.04. Escalating U.S.-Iran military tensions pushed oil prices higher, with WTI crude futures trading

According to Jin10, European natural gas futures paused their rally on September 3 after surging 10% over three consecutive trading sessions. The pullback follows Trump's remarks suggesting U.S.-Iran escalation may be resolved "very quickly," reviving market hopes for resumed negotiations and

The South Korean government announced on the 3rd a plan to merge Korea Gas Corporation (KOGAS) and Korea National Oil Corporation (KNOC) into a newly named Energy Resources Corporation. The integration aims to consolidate limited oil and gas exploration and development functions to enhance

According to Yonhapinfomax, on September 3, the South Korean government announced a plan to merge the Korea Gas Corporation and Korea Petroleum Corporation into a new entity called the Energy Resources Corporation. The restructuring will transfer the Korea Petroleum Corporation's oil reserves and

According to Reuters, citing three trading sources, Asian wheat importers have recently purchased at least 500,000 tons of Australian and Argentine wheat. The purchases aim to fill supply gaps caused by shipping and port disruptions affecting Black Sea grain exports. Major importers including

According to Nikkei China, PC DRAM prices climbed 5% month-on-month in July to $40.2 for 16Gb DDR5 products, marking seven consecutive months of gains and hitting historic highs. Industrial-grade DRAM posted double-digit increases. Strong demand from Nvidia's AI servers is redirecting supply

According to Guru Club, European freight futures (continuous main contract) fell 8% intraday on Sept. 3, closing at 1,811.50 points.

Korean stock market investors face a series of major US economic events this month, including employment data, inflation reports, and the Federal Open Market Committee (FOMC) meeting. The US August employment report releases on

According to Jin10, Mitsui O.S.K. Lines CEO Jotaro Tamura warned on September 3 that shipping disruptions in the Strait of Hormuz may persist longer than previously expected due to recent attacks on vessels. Tamura stated it is difficult to envision shipping resuming in any form before the year's en

WTI crude futures declined 1.00% intraday today, trading at $89.72 per barrel as of the latest quote.

According to market analysts on September 3, South Korea's KOSPI index faces critical events this month, including U.S. employment data on September 4, producer price index on September 10, and consumer price index on September 11, followed by the Federal Reserve's policy decision. Analysts

According to Jin10 Futures citing CME data, on September 2, Brent crude oil trading volume and open interest both increased, while gold and silver activity declined across both metrics. Specifically, Brent crude saw 178,551 contracts traded with 260,314 open positions, up from the previous trading d

According to Equinor, the Norwegian state oil company has put into operation Citrus Flats, a 100-megawatt energy storage facility in Texas, marking the company's largest energy storage project in the United

According to Russia's Deputy Prime Minister Novak, the country's fuel supply has stabilized over the past week, though minor shortages persist in certain regions.

According to Russia's First Deputy Prime Minister Novak, Russia will slightly reduce its oil production this year.