Commodities (Crude Oil & Copper) & Macro Outlook

According to CME data on June 17, gold and silver trading activity and open interest increased. Gold saw 181,188 contracts traded with 339,700 open interest, up 81,509 contracts and 370 contracts respectively from the prior day. Silver recorded 73,730 contracts traded with 107,780 open interest,

According to Jin10 Futures and Chuangyi Intelligence data on June 18, 2026, China's gasoline and diesel retail prices are set to fall as crude oil prices declined. The crude oil change rate reached -11.62% as of June 17 close. Retail prices for 92 and 95 gasoline are expected to drop 0.40 and 0.43 y

WTI crude oil broke below $74 per barrel today (June 18), marking a new low since March 4, down 2.35% intraday.

According to Pakistan's Prime Minister, the Iran-U.S. Memorandum of Understanding came into effect immediately on June 18. Under the agreement, Iran will immediately reopen the Strait of Hormuz, while the United States will immediately lift its naval

According to SMM, Dadong Mining's Jijiaoshan lithium mine in Hunan held its start-up ceremony on June 18, 2026, for its 40,000-tonne annual lithium carbonate production line. The mine holds proven lithium ore reserves of 490 million tonnes and oxidized lithium resources of 1.31 million tonnes,

According to Jin10, WTI crude oil fell 2% on June 18, trading at $74.49 per barrel.

According to the People's Bank of China, the Interbank Market Data Repository (Shanghai) officially launched on June 16. The institution was established by seven co-founders and collects high-frequency trading data from multiple financial submarkets including bonds, currencies, derivatives, gold, an

In June, the Bank of Japan announced it would raise its policy rate to 1%, the first time Japan has reached that level since 1995. 137Labs analysis shows that over the past twenty-plus years, large amounts of international capital borrowed Japanese yen at nearly zero cost and allocated to risk assets such as U.S. technology stocks, emerging market bonds, commodities, and global real estate; this “Yen Carry Trade” structure is one of the key underlying logics driving global asset price increases.

According to CNBC, CME Group plans to sue the U.S. Commodity Futures Trading Commission (CFTC) over its approval of Bitcoin perpetual futures products. CME CEO Terence Duffy said on June 17 that the CFTC incorrectly classified perpetual futures as futures contracts rather than swap transactions

According to TASS, the local mayor of Moscow reported a drone attack on an oil refinery in the city. Further details regarding casualties or damage were not disclosed.

According to Bank of America, global capital expenditure in artificial intelligence is expected to reach $1.7 trillion by 2030, with China accounting for $330 billion. The bank predicts this surge will trigger structural shortages in AI materials, including copper, PCB copper foil, fiberglass,

In May, China's gasoline exports fell to 30,000 tons, down 95.2% year-over-year, with January-May cumulative exports at 1.21 million tons, down 61.3%. Jet fuel exports reached 1.06 million tons in May, declining 44.9% compared to the same period last year, while January-May cumulative jet fuel expor

According to Shanghai Steelunion, MMLC battery-grade lithium carbonate (morning trading) was quoted at 168,800 yuan per ton today, June 18, down 800 yuan from the previous trading day's close.

The United States and Iran signed an electronic agreement late Wednesday to end the conflict between the countries. U.S. stock futures rose in the overnight session following the announcement. The 14-point Memorandum of Understanding establishes a 60-day negotiation period to finalize a broader

According to official announcements, U.S. stock futures climbed late Wednesday overnight after Washington and Tehran electronically signed a 14-point Memorandum of Understanding to end their conflict, offsetting concerns from the Federal Reserve's hawkish rate outlook. Dow futures rose 0.58%,

According to Guru Club, coking coal futures main contract fell over 5% to 1,275 yuan/ton on June 18.

According to Guru Club, on June 18, coking coal futures main contract fell over 4% to 1,292 yuan per ton, while coke main contract declined nearly 3% to 2,026.5 yuan per ton.

Bitcoin (BTC) hit a weak decline, temporarily around $64,790 as of June 18. Strategy preferred stock STRC seriously de-pegged; the company claims, “Selling coins can pay 32 years of dividends,” attempting to stabilize the market. The Chicago Mercantile Exchange (CME) will sue the U.S. Commodity Futures Trading Commission (CFTC), opposing its approval of crypto perpetual futures. Macro Events & Crypto Hotspots 1、Strategy (MicroStrategy) issued “Stretch” variable-rate perpetual preferred stock STR

According to Jin10 Futures, the U.S. and Iran signed an electronic memorandum on Wednesday evening, with both sides scheduled to sign a formal agreement on Friday. The memorandum takes effect on Wednesday, initiating a 60-day negotiation period. An Iranian Foreign Ministry spokesman stated that the

CME Group announced its intention to sue the Commodity Futures Trading Commission over the regulator's approval of perpetual futures in the United States. The announcement was made by outgoing CME CEO Terrence Duffy. The legal action arises as a direct response to the CFTC's recent approval