Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Data, Eurozone inflation in June eased slightly with a monthly rate of -0.1%, driven primarily by falling energy prices down 1.8% for the month. Energy price inflation declined from 10.8% in May to 8.5% in June. Food price inflation also moderated, falling from 1.9% to 1.5%,

According to Bloomberg, Kuwait's power generation and desalination infrastructure sustained damage following an Iranian strike on July 17. Multiple generators at the power station were damaged, and fires broke out at both the desalination plant and power generation

According to CNBC, BP and ConocoPhillips plan to announce multi-billion-dollar investments in Iraq on Friday (July 18) during a U.S.-Iraq Business Summit in Washington. Iraqi Prime Minister Mohammed Shia al-Sudani will attend talks with U.S. officials and major energy executives. The combined inves

According to the London Metal Exchange (LME), base metal inventories declined across the board today (July 17). Copper inventory fell by 3,975 tons, the largest decline, followed by lead down 1,950 tons and nickel down 564 tons. Aluminum inventory decreased 1,500 tons, zinc fell 150 tons, and tin in

According to Shanghai Futures Exchange, copper inventory declined 20,362 tonnes this week, while nickel inventory increased 11,078 tonnes. Other metals showed decreases: aluminum fell 5,401 tonnes, lead dropped 1,361 tonnes, zinc declined 427 tonnes, tin fell 268 tonnes, and natural rubber

Gate News: According to the latest Gate TradFi data, COTTON (Cotton) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Jin10 Futures, as of July 17, Shanghai Futures Exchange energy and chemicals warehouse receipts showed mixed movements. Pulp futures warehouse receipts declined by 5,074 tonnes to 312,759 tonnes, while most other commodities including medium sour crude oil, bitumen, and low-sulfur

According to Azerbaijan's Energy Ministry, the country exported 10.5 million tons of oil during the first half of 2026.

According to Azerbaijan's Energy Ministry, the country produced 13.3 million tons of oil during the first half of 2026.

According to Jin10 Futures, this week lumber spot prices showed mixed performance, with New Zealand shipments surging 166% to 505,000 cubic meters on July 17. Total inventories remained flat at 2.57 million cubic meters, while daily outbound shipments declined 5.12% to 575,000 cubic meters due to

According to Citi's chief economist Josh Williamson, New Zealand's second-quarter CPI is expected to record its strongest quarterly gain in nearly four years, primarily driven by sharp increases in fuel prices. Non-tradeable inflation, however, showed a more modest rise

According to Guru Club, polysilicon futures contracts fell over 3% on July 17, currently trading at 34,000 yuan per ton.

According to Jin Lian Chuang, Chinese retail fuel prices rose on July 17, the tenth working day of the current pricing cycle. Gasoline increased 300 yuan per ton, while diesel rose 290 yuan per ton, equivalent to 0.22–0.25 yuan per liter depending on grade. The benchmark crude oil averaged $77.87 pe

According to Jin10 data, geopolitical tensions in the Middle East have disrupted energy shipments through the Strait of Hormuz in mid-July 2026. U.S. military conducted vessel inspections in the Gulf of Oman, while sanctioned tankers reversed course in the region. Iran stated the strait will not

According to CME data, on July 16, energy and precious metals futures showed mixed performance. Copper trading volume reached 38,868 contracts with 262,138 open positions, up 626 and 853 contracts respectively from the previous day. Natural gas volume was 502,060 contracts with 1,673,209 open positi

According to Gate data, Brent crude oil fell 1.00% intraday to trade at $83.26 per barrel on July 17.

From 05:15 to 05:30 (UTC) on July 17, 2026, BTC saw a sharp drop of 0.36% within 15 minutes; the price fell from 63,434.1 USDT to around 63,202.3 USDT, with an Ampl of 0.37%. Over the past 24 hours, BTC has cumulatively dropped by about 1.93%, falling from a $65,000 high to $63,415. Trading has been quiet, with the filled amount in the last 1 hour at only 199 BTC. Market sentiment is leaning toward cautious waiting. The main driver behind this move is the sudden escalation of the U.S.-Iran milit

SC crude oil futures fell 2.00% intraday on July 17, trading at 506.00 yuan per barrel.

According to Chuangci Insights, China's gasoline and diesel retail prices will increase by 0.24–0.25 yuan and 0.25 yuan per liter, respectively, at midnight on July 17. A 50-liter fuel tank will cost an additional 12 yuan to fill. The increases affect 92-octane gasoline, 95-octane gasoline, and

According to RBI Governor Sarthak Mallhotra on Friday (July 17), India's inflation remains above the central bank's 4% target for the first time in 18 months. The governor identified Middle East tensions and weak monsoon performance as key economic risks, attributing recent price pressures