Commodities (Crude Oil & Copper) & Macro Outlook

In this morning's close on July 17, the commodity markets showed divergent movements driven by geopolitical factors and supply-demand dynamics. Shipping led gains, with EU container freight rates up 2.36%, while precious metals, soft commodities, and light chemical products declined. Shanghai

According to reports, CBOT wheat fell on Friday (July 17) but is on track to record gains for a third consecutive week, supported by supply concerns in the Black Sea region. Ukraine's infrastructure damage has disrupted exports and closed the Strait of Kerch, while deteriorating crop conditions in t

Indonesian billionaire Prajogo Pangestu's Barito Renewables Energy made an unsolicited US$5 billion bid for Energy Development Corporation (EDC), the Philippines' largest geothermal producer, First Gen Corporation confirmed to the Philippine Stock Exchange on Wednesday, July 15. The indicative,

According to Shanghai Metals Market, today (July 17), the mid-price of MMLC battery-grade lithium carbonate rose to 152,450 yuan/ton, up 1,250 yuan/ton from the previous close.

Semirara Mining and Power Corporation has filed a court petition against the Philippine Department of Energy over demands for proprietary information and asset inventory related to the Semirara coal operation. The Consunji-led company seeks protection from repeated DOE requests for geological

According to Rappler, Semirara Mining and Power Corporation (SMPC) filed a court petition on July 17 after the Department of Energy repeatedly demanded proprietary technical information and asset inventory related to its coal operations. The dispute follows DOE's rejection of SMPC's request to

From 01:30 to 01:45 (UTC) on July 17, 2026, BTC fell 0.39% over 15 minutes, trading in a range of 63,718.5 to 63,978.5 USDT, with a spread of 0.41%. Market volatility increased, trading volume remained relatively low, reflecting a pullback driven by short-term wait-and-see sentiment. The main driver behind this anomaly is a sharp escalation in the military conflict between the US and Iran. The US launched another round of strikes against Iran’s Bandar Abbas port and naval facilities, while Iran

Bitcoin (BTC) gave back midweek gains, temporarily around $63,890 on July 17. The U.S. “CLARITY Act” is entering the final sprint, and Trump’s conflicts of interest remain a key obstacle. He is accused of promoting Nvidia, Tesla, and Apple stocks just a few days after buying shares in those companies. Macro Events & Crypto Market Hotspots According to The Block, the U.S. Congress is in the final sprint for the “CLARITY Act.” Optimism among lawmakers is rising, but ethical provisions around confl

Liquefied petroleum gas (LPG) main contract futures rose 2.00% intraday on July 17, reaching 5,277.00 yuan per ton.

According to Jin Lian Create, on July 17 at 24:00, China's refined oil prices increased as scheduled, with gasoline rising 300 yuan/ton and diesel up 290 yuan/ton. On a per-liter basis, 89-octane gasoline

Bitcoin fell back to around $63,860 on July 17. At the same time, multiple macro events unfolded in parallel: the U.S. military launched airstrikes on several facilities in southern Iran, including Abbas Port, Shaher Airport, and bridges in Hormozgan Province. The Hormozgan provincial government said two people were killed and four were injured. Dallas Fed Chair Lorie Logan (Lorie Logan) delivered remarks in Houston, saying the Fed may need to raise interest rates “moderately.” U.S. military car

On July 17, Chinese commodity futures opened with sharp declines in early trading. Shanghai silver and palladium fell over 3%, platinum and soda ash dropped more than 2%, while cotton and glass declined over 1%. Lithium carbonate rose over 2%, with Shanghai lead and liquefied petroleum gas gaining o

According to Jin10 Futures, LPG prices in South China saw narrowing gains on July 17, as downstream inventory remained elevated and buying sentiment weakened. Softer international crude prices and lingering geopolitical uncertainties further dampened market

According to Jin10 Futures, WTI crude oil futures recorded six consecutive gains as of July 17, driven by escalating U.S.-Iran tensions and elevated geopolitical risk premium amid low inventory levels, according to Sun Fukun, deputy general manager of Huayuan Futures. Crude's underlying dynamics

According to Jin10 Futures, CBOT soybean oil futures closed lower on Thursday, with the benchmark contract declining 0.5%, primarily driven by weak crude oil futures and unwinding of crushing spreads. Meanwhile, the U.S. Department of Agriculture's weekly export sales report showed that soybean oil

According to Zhitong Finance, major semiconductor chemical suppliers have announced price increases for electronic-grade chemicals in the third quarter, with Formosa Plastics and Hsiny confirming rate adjustments. Formosa Plastics, a key Asia-Pacific supplier of G5-grade electronic hydrofluoric

According to Iran's Supreme Leader Advisor Muhbir, attacks on Ahvaz and Shahir on July 16 are part of the same operation targeting civilians, linked to an earlier attack on a school in Minab. Muhbir warned that strikes on Iran's infrastructure could disrupt energy supply across the region and pose s

IEA chief Fatih Birol warned over the coming weeks of growing energy security concerns if oil and natural gas flows through the Strait of Hormuz do not improve.