Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, as of 8:30 p.m. Beijing time on October 16, New York futures for gold rose 0.65%, silver rose 1.56%, and copper rose 1.15%.

The U.S. Import Price Index excluding gasoline rose 0.8% month-over-month in September, exceeding expectations of 0.6%. The reading matched the prior month's 0.8% increase.

According to ChainCatcher, U.S. hot-rolled steel prices surged to their highest level in over four years on October 16, rising 52% to $1,255 per short ton. The increase follows Trump's tariff policy, which restricts foreign steel supply and lifts domestic production incentives while raising input co

From 12:00 to 12:15 (UTC) on October 16, 2026, BTC plunged 0.49% in 15 minutes, retreating from a high of 82,656 USDT to 82,242.5 USDT, with a 0.50% amplitude. Although it remains up about 1.54% over 24 hours, short-term buying momentum has clearly weakened, and market attention has declined alongside the pullback. The main driver of this pullback is a marginal easing in geopolitical risk aversion. News that Iran’s military threatened to close the Strait of Hormuz has been partially priced in by

In US Stock Market News, the S&P 500 added 0.3 per cent on Thursday, October 16, 2026, rebounding after a technology sector sell-off that had dragged Asian stocks lower the previous day. U.S. Federal Reserve chair Kevin Warsh said the artificial intelligence shock could bring huge benefits to the

Ripple Prime launched round-the-clock institutional trading in derivatives linked to more than 100 traditional financial markets on October 15, allowing clients including Virtu Financial to trade exposure to stocks, commodities and currencies even when conventional exchanges are closed. The new

According to Ripple's announcement, on October 15, Ripple launched Ripple Prime, offering 24/7 institutional trading in perpetual swaps across 100+ real-world asset markets including equities, stock indexes, exchange-traded funds, metals, energy and foreign exchange. Virtu Financial is among the ins

According to Iran, an oil tanker the country claimed was violating regulations caught fire near the Strait of Hormuz hours ago. No further details regarding the vessel's condition or cause of the incident were immediately

According to Jin10, this week reports show energy prices stemming from overseas conflicts have begun spreading across multiple U.S. sectors. Airlines, delivery services, and trucking experienced significant price increases last month. Grocery prices have remained largely insulated so far, but

On Friday, October 16, 2026, US Stock Market News showed major index futures slightly in the red as hotter than expected US inflation kept rate cut hopes on hold. Headline CPI rose 0.6% month on month in September, while core CPI increased 0.3%, lifting the annual core rate to 2.6%. Energy prices

South Korea's Ministry of Trade, Industry and Energy announced on October 16 that the 11th petroleum maximum price will be frozen at the 10th round levels, effective from midnight October 17 for the next four weeks. The government cited consumer burden considerations despite the consumer price

According to Guru Club, South Korea's Ministry of Industry and Energy announced on October 16 that it extended the oil fuel price cap by 4 weeks.

US producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services in US Stock Market News, marking the biggest rise in American inflation since COVID and fueling the US Fed rate-hike buzz ahead of the US Fed meeting at the end of this month. The inflation

According to PLS, on October 16, the company announced that Pilgangoora ore reserves increased 31% to approximately 3.1 million tonnes of lithium oxide, with ore tonnage up 23% to 249.2 million tonnes and lithium oxide grade at 1.24%. The updated reserves include 46.5 million tonnes of newly

Houthi rebels in Yemen captured key positions near the Bab el-Mandeb Strait last month and have launched drone and missile attacks on Saudi Arabian airports and oil facilities this month. The attacks target critical infrastructure in Saudi Arabia, a regional power significantly larger and

According to LME data, on October 16, copper inventory decreased by 1,175 tons. Separately, lead inventory fell by 525 tons, aluminum dropped 250 tons, and nickel declined 2,076 tons. Tin inventory also decreased by 95 tons, while zinc inventory increased by 7,225 tons.

According to Zhengzhou Commodity Exchange announcement on October 16, the exchange will lower the moisture content limit for benchmark delivery red dates from 25% to 22% in its upcoming revision to dried red date futures business rules. The adjustment aligns with the newly implemented national

According to CNBC, on October 16, U.S. Secretary of State Rubio plans to visit the world's largest refinery operated by India's Reliance Industries in Jamnagar, with daily crude processing capacity of 1.4 million barrels. The visit, scheduled for October 17-22, follows Rubio's official tour to

According to Zhitong Finance, the 2026 China International Aluminum Industry Conference opened in Qingdao on October 15, jointly hosted by the China Nonferrous Metals Industry Association and China Hongqiao Group (01378). The conference gathered over 1,000 participants from dozens of countries and r

According to the Shanghai Futures Exchange, copper inventories increased by 15,218 tons this week, while aluminum stockpiles fell 29,401 tons. Zinc inventories declined 2,155 tons, lead dropped 5,423 tons, and nickel fell 602 tons. Tin inventories decreased 1,166 tons, while natural rubber stocks ro