Commodities (Crude Oil & Copper) & Macro Outlook

According to China's National Bureau of Statistics, in late May compared with mid-May, 36 important production materials declined in price, 13 rose, and 1 remained unchanged. Liquefied petroleum gas fell 6.1%, while live pigs (exotic breed) rose 1.1%. The monitoring covered 50 key production materia

As of 09:30 Beijing time on June 4, WTI crude oil futures declined 0.97%, while U.S. natural gas futures gained 0.59%.

Australia's imports contracted to 0.8% in April, compared to 14.1% growth in March, according to latest trade data.

Bitcoin (BTC) continues to weaken and fall, temporarily around $62,900. Bitmine follows Strategy’s financing model by issuing preferred shares with an annual dividend yield of 9.5%. In May, the number of monthly crypto VC deals dropped to about 50, the lowest level since before 2021. Macro Events & Crypto Market Hotspots 1、According to a CoinDesk report, Bitmine, an Ethereum treasury company owned by Tom Lee, is now emulating Strategy’s financing model by issuing preferred shares to seek new sou

Bitcoin further dipped to around $63,300 on June 4. After Strategy Inc. sold 32 BTC (about $2.5 million), market sentiment was hit; Bitcoin’s market cap has shed about $160 billion this week. Bloomberg compiled data showing that US-listed Bitcoin ETFs have seen outflows for 12 consecutive trading days, with nearly $4 billion withdrawn, setting a historical record for consecutive outflows. Key Market Data: Bitcoin vs. Nasdaq 12-Month Performance Key market data comparison: Bitcoin: down 37% over

According to Jin10 Futures, on June 4, crude oil maintained elevated price levels with fuel oil market costs remaining well supported. However, downstream refining margins are facing notable compression from rising input costs. Market participants show cautious purchasing sentiment, with

According to Huatai Securities, global weather authorities are predicting El Niño will strike in 2026, triggering extreme regional weather patterns that could disrupt major agricultural commodity supplies. The bank expects global sugar supply to shift from oversupply to modest shortage due to

According to the Federal Reserve Beige Book released on June 4, U.S. inflation climbed to 3.8% in April from 3.5% in March, pressuring consumers and businesses. Among 12 Federal Reserve districts, 10 reported economic activity growing at a slight-to-moderate pace, one declined slightly, and one

Chinese A-shares rose on June 3, with the Shanghai Composite Index up 0.22% to 4083.97 points, the Shenzhen Component Index up 0.73% to 15704.71 points, and the ChiNext Index up 1.65% to 4122.99 points. The gains occurred as foreign capital continued flowing into Chinese markets. According to CCTV

According to Jin10, overnight equity markets declined sharply. U.S. stocks fell across the board, with the Dow Jones down 1.21% to 50,687.07 points, the S&P 500 down 0.74% to 7,553.68 points, and the Nasdaq down 0.89% to 26,853.98 points. European indices also retreated, with Germany's DAX down 1.31

According to reports, ICE Canada canola futures closed higher on Wednesday, with the benchmark contract up 2.6% to reach its highest level in nearly three years. The July contract surged past CAD 800 during trading, marking the highest point since early September 2023, while the November contract, r

WTI crude oil fell 1.00% intraday to $96.81 per barrel on June 3.

According to Guru Club, WTI July crude oil futures rose 2.41% to $96.02 per barrel on June 4. Brent August crude oil futures climbed 1.89% to $97.81 per barrel.

WTI crude oil opened lower on Thursday (June 2), declining 0.5% to $97.38 per barrel.

According to the Federal Reserve Beige Book, prices are rising at a moderate to strong pace across most regions, with Middle East conflict-related energy costs emerging as the primary driver of inflationary pressure. The surge in energy costs is affecting shipping, packaging, food, and fertilizer s

On Wednesday (June 3), COMEX gold futures fell 1.34% to $4,459.40 per ounce during New York's closing session, trading between $4,525.10 and $4,454. Spot gold declined 1.23% to $4,433.51 per ounce. COMEX silver futures fell 3.50% to $72.91 per ounce, while COMEX copper futures dropped 2.98% to $6.4

According to Jin10 data, on June 3, WTI light sweet crude oil futures for July delivery rose $2.26 to close at $96.02 per barrel, up 2.41%. Brent crude oil futures for August delivery gained $1.81 to $97.81 per barrel,

According to Bloomberg, Raízen SA, a struggling Brazilian sugarcane and ethanol producer, recently received informal support from the majority of creditors for a $13 billion out-of-court debt restructuring proposal. The company proposed three repayment options for creditors, including