Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Guru Club, on October 16, lithium carbonate futures fell over 4%, marking the steepest decline among Chinese commodity futures. Industrial silicon futures rose over 2%, while apple futures dropped over 3%.

According to Japan's Cabinet Chief Secretary Minoru Kihara, Japan expects crude oil purchases for October to remain flat compared with the same period last year.

According to Jin10 Futures, PTA spot-futures basis weakened on October 15, narrowing to 520-650 yuan per ton from 900-1,000 yuan per ton on October 8. The decline reflects softer downstream polyester and fabric mill demand despite cost support from elevated crude oil prices amid geopolitical

According to Jin10 Futures, on October 16, Shanghai Futures Exchange's fuel oil warehouse inventory fell to zero, declining 550 tons from the previous trading day. Low sulfur fuel oil warehouse inventory also saw a significant drop of 3,800 tons. Most other energy and chemical futures warehouse

According to Shanghai Futures Exchange data reported by Jin10 on October 16, copper futures inventory increased to 36,386 tons (up 1,453 tons day-on-day), while aluminum declined to 90,995 tons (down 4,077 tons) and zinc fell to 76,461 tons (down 1,023 tons). For precious metals, gold futures inven

According to Jin10, the International Energy Agency agreed on October 16 to fully release 100 million barrels of crude oil, including 20 million barrels of diesel to be deployed quickly. U.S. EIA crude stocks stood at 67 billion cubic

According to Yonhap News, on October 16, President Trump pressured Ukraine to stop attacking Russian oil refineries as part of discussions surrounding an oil deal agreement with Russian President Vladimir Putin. Analysts suggest the directive may involve restrictions on Ukraine's use of

According to Bloomberg, World Bank President Ajay Banga announced on October 16 that the bank plans to increase financing for critical minerals projects to $19 billion during the FY2026-2030 period, representing a five-fold increase from current levels. The World Bank has identified 20 countries to

According to Ripple's October 15 announcement, Ripple Prime launched real-world asset (RWA) swaps giving institutional clients 24/7 exposure to more than 100 traditional financial markets including equities, ETFs, commodities and currencies. Virtu is among the initial clients using the new swaps,

WTI crude oil futures declined 1.00% intraday on October 16, trading at $95.53 per barrel.

Oil prices edged lower in early Asian trading on October 16 as the US weighed easing sanctions on tankers in the shadow fleet and the International Energy Agency accelerated releases from strategic reserves. Brent futures fell 0.39% to $105.51 a barrel while US West Texas Intermediate

According to Syria's State Petroleum Company, a natural gas pipeline in northeastern Syria's Hasaka Province was damaged by an explosion on October 15 at 17:15 local time, marking the fourth such incident in recent weeks. The blast occurred at the Qaisiyah natural gas export pipeline segment in the

South Korea's Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced on the 16th enhanced monitoring of offshore platforms trading perpetual futures linked to Korean stocks and indices. The regulatory action targets products offering leverage ratios from 10x to 200x,

According to South Korea's Financial Services Commission and Financial Supervisory Service, on October 16, the regulator issued a warning on perpetual futures products traded on offshore cryptocurrency platforms, citing extreme risk levels. Offshore platforms currently offer up to 200x leverage on p

According to Jin10, CME data on October 15 showed diverging trends across precious metals and energy futures. Copper led the rally with trading volume up 21,600 contracts to 79,469 and open interest rising 4,511 to 319,415. Gold trading slowed by 35,356 contracts to 175,583 but open interest

South Korea's Ministry of Economy and Finance maintained its robust economic recovery assessment in its October 16 Green Book report. The ministry cited strong export performance and investment growth, though consumption showed only gradual improvement. September exports surpassed $120 billion

According to South Korea's Ministry of Economy and Finance in its October economic report released on October 16, exports grew 83.5% year-over-year in September, with average daily exports up 104.9%, extending robust recovery momentum. However, the government noted persistent challenges from high

Ripple announced on Oct. 15 that its institutional business, Ripple Prime, now supports perpetual swaps linked to Real World Assets (RWA). Institutional clients under Virtu have begun trading contracts based on more than 100 markets, including stocks, stock indices, ETFs, metals, energy, and Forex. The swaps reference perpetual futures contracts launched by Trade.xyz on Hyperliquid. Ripple Prime RWA Perpetual Swap Structure According to Ripple’s official explanation, Ripple Prime’s RWA perpetual