Commodities (Crude Oil & Copper) & Macro Outlook

During early trading today (Sept 2), China's commodity futures showed broad gains led by SC crude oil rising nearly 10%. Shipping costs on Europe routes jumped over 9%, while ethylene glycol gained nearly 6%. Fuel oil and low-sulfur fuel oil climbed over 5%, bitumen rose over 4%, and plastics and st

On September 2, Bitcoin briefly fell below $77,000, reaching a low of $76,762. According to CoinGlass data, approximately $115 million worth of cryptocurrency long positions were liquidated over a one-hour period. The U.S.-Iran military conflict sharply escalated, with U.S. Central Command stating that the U.S. military had launched strikes against Islamic Revolutionary Guard Corps (IRGC) targets inside Iran in response to Iran’s recent attempted attacks on commercial vessels and U.S. forces in

The USD-KRW exchange rate fell to 1,375.00 won at 6am on September 2, marking a year-low level despite Brent crude oil prices remaining above $90 per barrel. Export companies' dollar selling has dominated market dynamics, breaking the traditional correlation between oil prices and the Korean won

According to Gate data, Brent crude oil (XBRUSD) broke through $98 per barrel, currently trading at $98.01, up 5.7% in the past 24 hours.

According to Yonhapinfomax, the Korean won hit a fresh one-year low of 1,375 won per U.S. dollar on September 2, even as Brent crude remained above $90 per barrel. The currency weakened to 1,364.30 won the previous day, marking a drop of over 190 won in two months. Analysts attribute the won's

According to Guotai Junan Futures research dated September 2, methanol port inventory is expected to shift from accumulation to slight drawdown in the near term. Both port and domestic supply-demand dynamics for methanol have improved, with some MTO (methanol-to-olefins) units planning production re

According to Guru Club, Brent crude oil broke through $96 per barrel today (September 2), rising 1.45% intraday.

According to Jin10, an explosion was reported at Assaluyeh Port in Iran, a key energy hub on the Persian Gulf coast, during early trading on September 2. International oil prices continued to rebound following the

Samsung Electronics and SK Hynix stocks declined in early trading on September 2nd, with Samsung Electronics falling 3.07% to 253,250 won and SK Hynix dropping 2.54% to 1,643,000 won as of 9:10 AM local time. The declines followed a triple blow: the Philadelphia Semiconductor Index fell 2.1%

According to The Fact Korea, KOSPI fell 2.81% (192.01 points) to 6,643.79 as of 9:05 a.m. on September 2 following a U.S. airstrike on Iran, raising Middle East tensions. U.S. stock markets declined overnight, with

According to U.S. Energy Secretary Wright, 17 million barrels of oil passed through the Strait of Hormuz on Monday (September 1).

According to Guru Club, WTI crude oil and Brent crude both climbed 1% on September 2, with WTI trading at $91.13 per barrel and Brent at $95.61 per barrel.

According to market data, U.S. stock indices declined on Tuesday (Sept 2) as geopolitical tensions between the U.S. and Iran escalated, pushing oil prices higher. The S&P 500 fell 0.7%, Nasdaq 100 dropped 1.3%, and the Dow Jones Industrial Average declined 0.8%. West Texas Intermediate crude

The USD-KRW 1-month non-deliverable forward (NDF) rose to 1,373.50 won (MID) in final trading on September 2, according to overseas brokers, representing a 3.55 won increase from the previous Seoul spot market close of 1,370.40 won when accounting for the 1-month swap point of -0.45 won. The

According to Reuters, Valero Energy's Port Arthur refinery in Texas, with a daily processing capacity of 385,000 barrels, experienced a power outage on Tuesday evening following Tropical Storm Edward. The outage in the facility's southern section caused the AVU-147 crude distillation unit to shut

Samsung Electronics and SK Hynix experienced declines exceeding 3% in Korean pre-market trading following renewed US-Iran military exchanges and a resulting surge in international oil prices. The stock price weakness reflected overnight declines in US markets, where technology shares fell on

US, Japanese, and South Korean long-term government bond yields surged simultaneously on the previous trading day, raising concerns in domestic stock markets. The US 10-year Treasury yield climbed to 4.77%, marking the highest level this year, while Japan's 10-year yield broke through 3% intraday

South Korean government bond futures declined in overnight trading on September 2nd as international oil prices surged amid escalating military tensions between the US and Iran. The drop occurred within a broader global bond market selloff, with crude oil prices jumping approximately 5% and

According to Yonhap Infomax, South Korea's bond market tumbled overnight on September 2 amid escalating U.S.-Iran military conflict that sent crude oil prices surging. The 3-year government bond futures fell 8 ticks to 103.05, while 10-year futures dropped 9 ticks to 105.07. WTI crude for October de

According to Jin10, during a closed-door meeting on Tuesday, Trump urged U.S. refiners to increase domestic gasoline and diesel production, aiming to lower gas prices for Americans. He inquired with industry executives about capacity expansion and discussed regulatory reforms and additional