Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, Vietnam's BSR oil refinery announced on October 16 that it will undergo major maintenance in 2027 while ensuring crude oil supply through year-end 2026.

Vietnam's BSR refinery will use domestic crude oil for 88 percent of its feedstock in 2026, exceeding its previous plan of 70 percent, according to the refinery's latest guidance.

According to Jin10 Futures, China's average asphalt price this week was 6,326.67 yuan/ton, down 0.49% from the previous week. Post-holiday construction projects have concluded, and with bitumen spot prices moderating, downstream purchase enthusiasm remained weak. Road project construction activity s

In US Stock Market News today, The Kobeissi Letter argues that despite the S&P 500 trading near all-time highs, a "hidden bear market" presents significant opportunities as 84% of S&P 500 constituents have fallen at least 10% from their respective all-time highs. The contrarian bullish outlook

According to Jin10 Futures, as of October 16 at 11:33 AM, China's futures markets experienced significant capital movements. Outflows were led by CSI 1000 December futures ($68.90 billion), CSI 300 December futures ($61.97 billion), and Shanghai-Shenzhen 300 December futures ($31.33 billion). On

According to Jin10, India's government on October 16 adjusted export taxes on fuel for the next two weeks to balance international energy prices and domestic supply. Gasoline export tax was raised from 0.5 rupees per liter to 2.5 rupees per liter, while diesel export tax was cut from 16 rupees per l

JPMorgan appointed Andrew Frame this week as head of its critical minerals business, with responsibilities spanning the entire supply chain, from mining and refining to processing. His task is to identify investment opportunities and address supply bottlenecks. The position falls under JPMorgan’s “Security and Resilience Initiative,” a 10-year financing plan with a target of $1.5 trillion, including an additional $10 billion earmarked for direct equity investments and venture capital. JPMorgan A

According to Shanghai Baosteel data, MMLC battery-grade lithium carbonate (early session) midpoint price dropped to 102,500 CNY per ton today, down 750 CNY/ton from October 15 4:30 PM closing.

According to Guru Club, Shanghai nickel futures fell 2% intraday on October 16, now trading at 115,060 yuan/ton.

According to Jin10 Futures, on October 14, ICE raw sugar futures main contract closed at 21.14 cents/lb, with the Chinese yuan at 6.6914 per dollar. Based on calculations, Brazilian sugar with quota carries estimated landed costs of 5,148 yuan/ton and profit of 752 yuan/ton versus Zhangzhou mill

According to remarks at Alcoa's third-quarter earnings call, the company completed $2.6 billion in debt financing for its South32 AliGroup acquisition, eliminating bridge loan requirements ahead of an expected close in the first half of 2027. CEO William Oplinger noted regulatory approvals are

As of 09:30 Beijing time on October 16, New York gold futures rose 0.03%, silver futures gained 0.28%, and copper futures climbed 0.38%.

Bitcoin (BTC) rebounded to $82,340 on October 16. U.S. Spot Bitcoin ETFs recorded approximately $681 million in net outflows last week, and overall fund flows remained negative this week. Block Scholes analyst Thahbib Rahman reported that Bitcoin’s 90-day correlation with stocks fell to approximately 40% from its February peak of 62%. Bitcoin ETFs Recorded $681 Million in Net Outflows Last Week According to market data cited by Investing.com, U.S. Spot Bitcoin ETFs recorded approximately $681 mi

According to Jin Lian Chuang, on October 16, China's gasoline and diesel retail prices are set to rise 200 yuan/ton following a 4.26% upward adjustment in reference crude oil, which averaged $101.95 per barrel. The next pricing window is scheduled for October 29 at 24:00 Beijing time, based on the c

South Korean Vice Finance Minister Kwon Dae-young chaired an inter-agency market monitoring meeting on the 16th, pledging to closely monitor whether stock market volatility spreads to bond, foreign exchange, and short-term funding markets. The meeting, held at the Government Complex in Seoul,

According to Jin10, Myanmar's Thanlyin refinery, located near Yangon, resumed commercial operations on Wednesday (October 16) for the first time in over a decade. The facility's first phase aims to reduce the country's dependence on imported gasoline and aviation fuel. Upon completion, the refinery

China's commodity futures opened mixed on Oct 16 morning, with declines outnumbering gains. Synthetic rubber led gains, rising nearly 3%, while Shanghai silver, Shanghai tin, and No. 20 rubber each rose over 1%. On the decline side, palm oil and pure benzene fell nearly 2%, while fuel oil, Shanghai

According to Jin10 Futures, South China LPG refineries declined broadly yesterday (October 16), with dock prices following suit. Refinery and dock prices remain inverted, exerting continued downward pressure today, though international oil prices and offshore LPG strength provide a floor for

According to Haitong Futures research, EC (Europe-China) near-month futures contracts surged on October 16, driven by two factors: shipping lines' anticipated rate hikes in early November and recovering geopolitical premium spillover from crude oil. Carriers including COSCO, MSC, and the PA

According to Jin10 Futures on October 16, overnight crude oil prices remained volatile in a high range, while fuel oil costs improved amid steady demand from refineries for secondary raw materials. Processors showed reluctance to sell at lower prices, indicating firm market support for fuel oil