Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 data on June 22, European natural gas prices climbed as U.S.-Iran negotiations showed signs of strain following President Trump's renewed threats against Iran. In addition, traders are monitoring developments at Qatar's liquefied natural gas sector, where a domestic gas facility s

Gate News: According to the latest Gate TradFi data, NG (Natural Gas) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

CMC Markets Canada launched MetaTrader 5, giving clients access to more than 1,100 instruments across shares, futures, indices, commodities, and foreign exchange through a single account. The launch adds MT5 alongside CMC Markets' proprietary platform as large brokers compete not only on pricing and

According to Jin10 Futures citing Mulian Research, New Zealand softwood log arrivals across 13 Chinese ports this week (June 22–28) totaled approximately 229,000 cubic meters, down 46% week-on-week. The number of inbound vessels was 7, a decline of 6 vessels compared to the prior week.

According to Reuters market analysts, U.S. airline fuel spot prices fell to $2.85 per gallon on June 17, down sharply from $4.88 per gallon in early April, following a temporary peace agreement between the U.S. and Iran. If the decline sustains, the American aviation industry could save over $40

According to Jin10 Futures, on June 22, Shanghai Futures Exchange energy and chemical futures inventories showed minimal changes, with one exception: crude oil asphalt warehouse inventories decreased by 3,500 tons to 90,560 tons compared to the previous trading day. All other products, including

Guolian An Shanghai Commodity ETF rose over 4% at the close on June 22, outperforming other commodity funds. The Dacheng Nonferrous Metals Futures ETF posted marginal gains, while Southern Shanghai Gold ETF, E Fund Gold ETF, Bosera Gold ETF, and Guotai Ruyin Silver Futures ETF

According to vessel tracking data, three U.S.-sanctioned supertankers—Elva, Virgo, and Vigor—transited the Strait of Hormuz on early Monday morning carrying approximately 6 million barrels of Iranian crude oil. The vessels were headed toward waters near

According to Jin10 data, Libya's state-owned oil company reported crude output reached 1.44 million barrels per day on June 22, marking the highest level since 2013. Iraq's deputy oil minister said the country plans to gradually restore crude production to 4.2-4.3 million barrels per day, the level

According to Jin10 Futures, Sinopec's pure benzene listing prices fell sharply on June 22, breaking through the 7,100 yuan per ton mark following a 500 yuan decline. The pullback was triggered by a US-Iran ceasefire memorandum that eased geopolitical risk premiums and sent crude oil prices lower

According to sources familiar with the matter, the Arab Energy Fund is considering its first issuance of Panda bonds in China, with a planned size of up to 3 billion yuan. The bonds would have a 3-year maturity and may be marketed within the coming months. The plan is currently in preliminary

On June 22, several significant financial events and data releases are scheduled. At 15:00 UTC+8, China's State Council Information Office will hold a press conference. At 20:30 UTC, Canada will release May CPI data on a monthly basis. Also at 20:30 UTC, European Central Bank President Christine

According to Bloomberg, Kuwait Petroleum issued a tender for naphtha sales requiring buyers to pick up cargo from local ports. Traders noted this marks the first such sales arrangement in an extended period.

In May, China's refined copper production reached 1.264 million tonnes, up 2.2% year-over-year. Lead production declined to 611,000 tonnes, down 5.4% compared to the same period last year, while zinc production totaled 641,000 tonnes, up 9.4% year-over-year.

According to Guru Club, Qatar is accelerating the recall of empty liquefied natural gas (LNG) tankers on June 22 to prepare for restoring supplies that account for roughly one-fifth of global LNG. Ship-tracking data shows three LNG carriers operated by Qatar's state-owned shipping company are

According to Jin10, Malaysian Prime Minister Anwar Ibrahim announced on June 22 that the government will introduce targeted diesel subsidies starting next month, with the policy aimed at lowering diesel prices rather than raising them. Ibrahim stated that the move is based on progress from

According to WatcherGuru, Iran has closed the Bab al-Mandab Strait in June 2026 following Israeli strikes. The strait is a critical maritime chokepoint connecting the Red Sea to the Gulf of Aden, with approximately 12% of global trade passing through it annually. The closure is expected to disrupt s

WTI crude oil fell over 2% during intraday trading on June 22, with the contract currently trading at $75.70 per barrel.

SC crude oil main contract fell 2.00% intraday on June 22, trading at 503.40 yuan per barrel.

According to Bitget market data, Brent crude dropped 2% to $78.52 per barrel on June 22, while WTI crude fell 1.86% to $75.81 per barrel. Sources close to negotiations indicated that the Strait of Hormuz will remain closed unless Lebanon's ceasefire agreement is upheld and Iran's oil sales