Commodities (Crude Oil & Copper) & Macro Outlook

According to RBC Capital Markets on October 29, analysts including Helima Croft indicated that despite recent diplomatic activities before the U.S. midterm elections, the possibility of renewed American military strikes on Iran remains elevated. The report noted that both the U.S. and Iran are

According to Jin10 Futures, LPG refinery storage utilization rose to 27.11% as of October 28, up 1.32 percentage points from the previous period. Imported LPG storage utilization at major domestic ports reached 34.61% as of October 22, up 2.6 percentage points. VLGC arrivals at major ports in Octobe

According to Jin10 Futures, ethylene glycol spot prices in the Zhangjiagang market rose to 5,860-5,870 yuan/ton on Oct 29 amid escalating Middle East tensions and lower-than-expected port arrivals. Rising crude oil prices supported ethylene glycol production costs, while port throughput falling

From 02:45 to 03:00 on October 29, 2026 (UTC), BTC rose 0.32% over 15 minutes, trading in a range of 79710.9 - 80007.9 USDT, with an Ampl of 0.37%. The current price is around $79,937.8, down 1.37% over 24 hours and near the intraday low, as market risk appetite remains significantly constrained. The main driver of this move was the continued rise in oil prices in the evening, with oil testing resistance at $102. This reinforced expectations that energy-driven inflation would keep interest rates

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) futures traded at 96,900 yuan per ton in early trading today (October 29), down 2,000 yuan per ton from the previous day's 16:30 closing

According to Longzhong Energy analysts, China's refined oil prices are set to increase when a new pricing window opens on Oct 29 at midnight. The current pricing cycle runs from Oct 15 to Oct 29, cited by China News

According to state media, Iran's Foreign Minister Araghchi said on October 28 that Iran remains committed to diplomatic channels and is discussing with mediators how to accelerate the implementation of a seven-day plan to reopen the Strait of Hormuz. Araghchi stated that while Iran's

From 01:30 to 01:45 UTC on October 29, 2026, BTC dropped 0.43% in a sharp 15-minute move, trading in a range of 80,482.9–80,906.4 USDT, with an amplitude of 0.52%. It is currently at $80,008.5, down 1.14% over 24 hours and near the 24-hour range low of $79,890.7. Market sentiment is under pressure and volatility has increased, but 24-hour trading volume data is unavailable, so it is not possible to confirm whether this reflects widespread capital outflows. The main drivers of this move are risin

According to JPMorgan, a fair-value model released on October 27 put Brent crude oil at $94 per barrel. When the research circulated, Brent traded near $114 per barrel, a $20-per-barrel gap the bank attributed to a geopolitical war premium persisting in the

Bitcoin (BTC) staged a V-shaped rebound and was trading at around $80,920 as of October 29. The US Commodity Futures Trading Commission (CFTC) is reopening its investigation into whether Polymarket violated its agreement to bar US users, drawing attention. Strategy shareholders approved daily dividend accrual for STRC, STRF, STRK, and STRD, with 99.3% voting in favor. Macro Events & Crypto Hot Topics US prediction market platform Polymarket is once again facing regulatory scrutiny. According to

West Texas Intermediate (WTI) crude oil prices declined as diplomatic negotiations between the United States and Iran gained momentum. December delivery WTI traded at $101.94 at 7:37 AM, down 0.82% from the previous day, according to Yonhap Infomax commodity futures data. The price movement

According to Yonhapinfomax commodity futures data, WTI crude oil for December delivery fell 0.82% to $101.94 on October 29 as prospects for renewed U.S.-Iran diplomatic negotiations eased Middle East tensions. Iranian Foreign Minister Abbas Araghchi stated that Iran remains open to diplomatic

According to Yicai Global, the S&P 500 Energy index surged 52% year-to-date through October 27, becoming the best-performing sector in 2026, compared to a 13% gain for the broader S&P 500. Brent crude and WTI crude rallied over 70% and nearly 75% respectively this year, as major U.S. energy

According to Jin10 Futures, butadiene market rose yesterday (October 29), driving synthetic rubber factory prices higher as feedstock costs remained strong. Supply of liquid inventory tightened, making low-priced stock scarce. Oil prices also climbed overnight amid the ongoing U.S.-Iran tensions,

According to Bloomberg, in early March, a trader allegedly placed over $170 million in abnormal orders across two accounts on decentralized derivatives platform Hyperliquid using oil-linked crypto derivatives, according to analysis provided by blockchain monitoring firm Solidus Labs. Solidus

According to China Citic Securities research report on October 29, VLCC one-year time charter rates remained stable, but spot rates declined last week, prompting market concerns. The number of vessels attacked in the Middle East in October exceeded September levels. The research notes that

According to reports on October 29, international oil prices rose around 1 percent amid concerns over potential supply disruptions in the Middle East. The market is responding to ongoing conflict in Yemen, an attack on a Saudi Arabian refinery, and expectations that the U.S. may take military

According to Jin10 Futures, on Thursday morning, Malaysia's Bursa Malaysia Derivatives crude palm oil futures are likely to open lower, tracking declines in international crude oil and Chicago soybean oil futures. The weakness in global commodity markets is expected to weigh on early trading.

According to Reuters and Bloomberg, the London Metal Exchange (LME) is exploring tokenizing metals stored in its Hong Kong warehouses to support financing, aligning with Hong Kong's five-year economic blueprint announced in September 2026. The LME stated it is "in early stages of exploring the toke

According to reports, CBOT soft red winter wheat futures closed down 1.8% on Wednesday, marking the ninth decline in the past 10 trading sessions and hitting a four-month low. Sources disclosed on Wednesday that shipping permits through the Kerch Strait connecting the Azov and Black Seas remain