Commodities (Crude Oil & Copper) & Macro Outlook

At midday close on October 15, China's domestic futures contracts fell broadly. Silver dropped over 5%, apple fell nearly 5%, and polysilicon and methanol each declined over 4%; crude oil, platinum, and asphalt also posted declines

Brent crude traded near $104.4 a barrel on Thursday October 15, down about 1.5 percent from Wednesday's settlement of $106.06, after Reuters reported that Washington is weighing easing sanctions on some shadow fleet tankers to bring down record freight rates. The proposal, citing an unnamed US

Two cargo ships sank in the Strait of Hormuz after attacks, with one vessel carrying over 2,500 containers going down on the day after being struck on 13th (local time). The GFS Pride, a UAE-owned container ship, and the Cape Dao coal carrier both succumbed to damage sustained in separate

According to Jin10, on October 15, China's National Development and Reform Commission left domestic gasoline and diesel prices unchanged. The decision comes as Middle East geopolitical tensions have caused crude prices to fluctuate since the last adjustment on

According to Valterra Platinum, Mogalakwena, the world's largest platinum mine, is planning to launch the Sandsloot underground project trials in late 2026, with a final investment decision targeted for 2027. Declining ore grades in open-pit operations and rising extraction costs are driving the

According to Guru Club, on October 15, egg futures contracts on the Dalian Commodity Exchange (DCE) hit the daily limit down, declining 6%.

According to U.S. Ambassador to India Sergio Gor on October 15, the U.S. will not demand India to immediately halt Russian oil purchases, despite new sanctions legislation. Gor stated at an economic forum in New Delhi that sanctions are intended to end the Ukraine war, not to punish countries. India

According to Guru Club, Shanghai nickel futures contracts (main contract) fell over 2% intraday on October 15, trading at 116,070 yuan per ton.

From 5:00 to 6:00 on October 15, 2026 (UTC), BTC plunged 0.51% within one hour, with a price range of 81,186.4–81,687.6 USDT and an amplitude of 0.61%. Over the previous 24 hours, BTC fell from approximately $84,142 to around $80,268, posting a cumulative decline of 3.32%. Its current price is about $80,800, with market volatility clearly intensifying and bearish sentiment prevailing. The primary drivers of this move are the combined pressure from geopolitical risks and macroeconomic policy expe

According to Jin10, as of October 15, 2026 (Week 42), China's refined oil social inventory totaled 1,405,600 tons, down 37,900 tons from the previous week. Gasoline inventory stood at 721,500 tons, down 23,400 tons (23.35% of total), while diesel inventory was 684,100 tons, down 14,600 tons (23.94%

According to Azerbaijan's Energy Ministry, the country exported 8.6 billion cubic meters of natural gas to Europe from January to September 2026.

According to Azerbaijan's Energy Ministry, the country produced 19.9 million tons of oil from January to September 2026.

According to Antofagasta, the mining company produced 151,900 tonnes of copper and 44,300 ounces of gold in the third quarter of 2026. The company maintained its 2026 copper production guidance at 625,000-655,000 tonnes and raised its 2027 copper production guidance to a range of 630,000-690,000 ton

According to Jin10, EU leaders convened on October 15 in Brussels to discuss measures against surging energy prices, though U.S.-Iran tensions have severely constrained policy alternatives. The European Commission signaled there are no quick fixes to address high energy costs amid tight government b

According to CME data, on October 14, gold trading volume reached 210,939 contracts with open interest at 399,676 contracts, up 68,531 and 3,331 contracts respectively from the prior trading day. Silver trading volume was 77,708 contracts with open interest at 112,998 contracts, rising 36,770 and 4,

According to Jin10 Futures, SC2612 crude oil futures fell 4.39% to 713.6 yuan/barrel this morning on the Shanghai Exchange, with turnover at 85,000 lots. The decline reflects rapid contraction of VLCC (Very Large Crude Carrier) premiums as U.S.-Iran negotiations showed signs of easing in late

According to IMF, on October 15 during the IMF annual meeting in Bangkok, Saudi Arabia's fiscal buffers and alternative oil export infrastructure are helping the region's largest economy mitigate the impact of Iran-related conflict. IMF Middle East and Central Asia Department Director Jihad Azour st

According to Jin10 Futures, PTA futures fell on Thursday (October 15) as U.S. rate hike expectations strengthened. The U.S. September CPI posted its fastest increase in five months, raising October rate hike probability and pressuring commodities. Downstream polyester processing loads remained

According to Jin10 data, as short-term electricity price volatility approaches 2022 energy crisis levels, European battery storage operators are positioned to capture record profits this winter. Disruptions from the Iran-related conflict have pushed natural gas prices to four-year highs, causing

According to IMF officials, oil-exporting countries directly affected by ongoing conflict will experience significant contraction in 2026, followed by a rebound in 2027. However, output levels are expected to remain below pre-war forecast