Commodities (Crude Oil & Copper) & Macro Outlook

According to the European Central Bank's September 1 blog report, approximately 90% of eurozone inflation from January to May 2026 stems from energy supply disruptions, a fundamentally different composition than the 2021-2022 pandemic period when inflation was driven by multiple factors including su

Binance's monthly trading volume for perpetual futures tied to traditional financial assets, including stocks and commodities, reached approximately $445 billion in July. This represents nearly 15 times the January level of approximately $30 billion, marking an increase of about 1,383% over six mont

According to Bloomberg, Binance's monthly trading volume for perpetual futures tied to traditional financial assets reached approximately $445 billion in July, up nearly 15 times from approximately $30 billion in January. The figure represents an increase of about 1,383% in six months as crypto

According to Jin10 data, on September 1-2, the U.S. military struck two Iranian oil tankers, while commercial shipping in the Hormuz Strait faced disruption. The U.S. Central Command rerouted 84 merchant

According to Guru Club on September 2, a global aluminum producer has quoted Japanese buyers a premium of $325 per ton for primary aluminum in the fourth quarter (October-December), marking an 18% decrease from the current quarter. Another major producer submitted an initial quote of $310 per ton

According to Jin10, as of 2 p.m. on September 2, commodity options showed strong gains. Crude oil Oct2610 call options (strike 700) surged 564.71% to 28.25 yuan per barrel, while ethylene glycol Oct2610 calls (strike 6000) gained 198.28% to 173.0 yuan per ton, and styrene Oct2610 calls (strike 10000

According to Jin10 citing Zhuochuang Intelligence, as of September 1, marine low-sulfur 180CST fuel oil prices in southern China's main trading hubs reached 5,925 yuan/ton, up 125 yuan/ton compared to the previous period. The north-south price spread widened to 125 yuan/ton, expanding by 50 yuan/ton

According to Jin10 and SMM data, lithium carbonate futures (LC2701) fell 3.29% intraday on September 2 to 154,700 yuan/ton, while spot prices declined 3,500 yuan/ton to average 156,500 yuan/ton for battery-grade material. SMM forecasts September production will rise 10–12% to 124,000 tons, with

According to CME data, on September 1, gold trading volume increased 50,531 contracts to 226,973 contracts, yet open interest declined 4,194 contracts to 415,134 contracts, indicating elevated trading activity but reduced positioning. Copper saw both volume and open interest gains, with volume

According to Jin10, on Wednesday, September 2, Asian emerging market assets came under pressure as oil surged past $95 per barrel following a new U.S. airstrike on Iran, rattling the region's risk appetite. The Philippine peso hit an all-time low, posting the largest decline among Asian

According to data from Guangdax期货 and reports from Wall Street News, overnight tensions between the U.S. and Iran escalated as American forces targeted Iranian targets, with Trump warning of fiercer retaliation if Iran strikes back. Iran's key energy hub port was attacked, prompting an Iranian

According to Guru Club, on Wednesday, corn futures fell 1.8% to $5.37 per bushel, marking the largest decline in three weeks. The Chicago Board of Trade saw intraday losses of up to 1.8%, the steepest drop since August 13. Wheat declined 1.8% to $7.68 per bushel, while soybeans fell 1.1%. The

According to Jin10 Futures, China's domestic liquefied petroleum gas (LPG) price climbed to 6,197 yuan per ton as of September 1, up 430 yuan from mid-August. The rally reflects tight supply conditions: domestic refinery output increased in August but remains insufficient, while geopolitical

According to MoneyDJ, Indonesia's government resolved a rare earth export dispute in early August 2026 by implementing clearer export guidelines, allowing over 100 ships previously detained to resume shipping. The bottleneck originated in July when the government delayed issuing inspection reports

According to iNews24, South Korea's KOSPI index fell 3.19% to 6,617.90 on September 2 amid a sharp spike in U.S. 10-year Treasury yields to 4.79%, the highest level since January 2025. The surge was triggered by Middle East tensions, as the U.S. military conducted air strikes on Iran, causing WTI

According to Jin10, Valero Energy's Port Arthur refinery in Texas experienced a partial power outage on the evening of September 2 after Tropical Storm Edouard made landfall. The facility, with a daily production capacity of 385,000 barrels, accounts for 2% of U.S. total refinery capacity. As of

According to preliminary shipping data from Kpler released Wednesday, only 4 commodity vessels transited the Strait of Hormuz on Tuesday, below the previous day's 10 vessels and the 10-day average of approximately 13 vessels. The four vessels comprised 1 ULCC (ultra-large crude carrier), 1 Panamax t

According to Jin10, as of September 2, 11:37 UTC+8, China's futures market recorded significant net outflows across major contracts. CSI 1000 futures (September 2026 contract) led outflows at 6.502 billion CNY, followed by CSI 500 at 4.778 billion CNY and Shanghai Gold at 2.697 billion CNY. On the i

Two oil tankers transporting crude through the Strait of Hormuz were struck on May 31 (local time), according to two maritime security experts cited by the Financial Times. The vessels were identified as the Senegal Prosperity, owned by Korean shipping company Jangkeum Sangson (Sinoco), and the

According to maritime security experts cited by Financial Times, two tankers including the South Korean-owned Senegal Prosperity and Saudi-owned Sidra were hit by unidentified projectiles on August 31 in the Strait of Hormuz. The attacks followed U.S. airstrikes targeting Iranian Islamic