Commodities (Crude Oil & Copper) & Macro Outlook

The United States and Iran have scheduled a memorandum signing for June 19, 2026, at Switzerland's Bürgenstock resort, with Qatar and Pakistan serving as mediators. The agreement aims to address military operations, sanctions, and the reopening of the Strait of Hormuz to maritime shipping. The

According to Guru Club, Singapore iron ore futures fell below $100 per ton on June 17 for the first time since March. The most actively traded contract declined 1.6% to $99.60 per ton.

According to Huobi HTX, the exchange will host a livestream today at 8 p.m. UTC+8 discussing the potential effects of Iran-U.S. relations normalization and SpaceX's public listing on global capital flows, commodities, and crypto markets. The session will analyze how geopolitical shifts and tech capi

According to Maersk, the container shipping line announced opening rates for its European routes in early July at $5,300 per FEU to Rotterdam and $5,500 to Hamburg on June 17, falling significantly short of market expectations of $6,000. Despite a 400 USD week-on-week increase, the conservative

According to CSRC Chair Wu Qing at the 2026 Lujiazui Forum, China will smoothly advance the launch of LNG futures and options to enhance the international influence of "Shanghai prices." Wu also stated support for developing additional commodity futures on power and other strategic, foundational

SC crude oil main contract futures fell 4.00% during intraday trading today, with prices settling at 508.50 yuan per barrel.

WTI crude oil declined 1.00% during intraday trading on June 17, settling at $75.93 per barrel.

Reuters, on June 16, published an exclusive investigation, citing 11 people familiar with the operation, saying that since early May the U.S. military has been overseeing a large-scale secret ship-to-ship (STS) oil transfer operation located in the waters off Fujairah in the United Arab Emirates and near the port of Sohar in Oman, with at least 92 vessels involved. Satellite imagery and shipping data analysis show that since May, the crude oil and oil products transferred amounted to about 90 mi

According to SentimenTrader data released on June 17, crude oil prices fell 10.31% over the past 5 trading days, while the long-term U.S. Treasury ETF TLT gained 1.30%. Historical data shows that since 2008, when this market combination occurs—oil declining sharply while Treasury bonds rise—the

According to WEEX TradFi data, crude oil prices fell sharply today (June 17) following the announcement of a U.S.-Iran ceasefire agreement. CRUDEOIL dropped 5.2% to $76.02, while USOON declined 3.8% to $115.15, driven by market expectations of restored Hormuz Strait transit and increased Iranian cru

According to a report by The Financial Times on June 16, Japan's Mitsui O.S.K. Lines president said most shipowners will wait for several weeks to confirm that the U.S.-Iran agreement to reopen the Hormuz Strait is being implemented before resuming normal operations. The company expects shipping

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) midprice rose to 169,150 yuan/ton today (June 17), up 300 yuan/ton from the previous closing price on June 16.

According to China's Ministry of Agriculture and Rural Affairs, the nation's summer grain harvest has secured bumper crop status this year, with over 90% of the harvest completed nationwide and most of the crop safely stored as of mid-June. The ministry noted that grain planting area remained

Al Arabiya, an Arab TV station, received a draft Iran-US understanding memorandum (MOU) document on June 16, showing that the framework agreement to be signed this Friday will include 14 core clauses, covering areas such as a ceasefire, navigation through the Strait of Hormuz, the nuclear issue, lifting sanctions, the release of frozen assets, and economic reconstruction. Overview of the 14-clause Classification of the Draft Iran-U.S. Understanding Memorandum: Core Commitments According to the d

LPG futures contracts fell 300 yuan intraday today to 4,899 yuan per ton, representing a 5.77% decline.

According to Bloomberg and Kpler on June 17, four Iranian oil tankers activated their transponders and exited the Strait of Hormuz and Gulf of Oman, including two supertankers with individual capacity of 2 million barrels each, signaling a potential lifting of U.S. maritime restrictions.

According to Goldman Sachs on June 17, the bank maintains its TTF natural gas price forecasts for the second half of 2026 and 2027, adjusting the 2026 forecast to 41 EUR/MWh from its prior estimate of 42 EUR/MWh, while keeping the 2027 forecast at 30 EUR/MWh.

According to JPMorgan Chase, the firm upgraded its year-end 2026 target for the MSCI Emerging Markets Index to 2,000 points from 1,575 points, representing a 27% increase and implying approximately 13% upside from Tuesday's close. The bank cited the reopening of the Strait of Hormuz as supportive fo

According to Gate's latest data, silver prices rose to $70.173 per ounce, up 0.71% intraday on June 17. Gold prices climbed to $4,337.19 per ounce, up 0.22%. Bitcoin volatility index (BVIX) fell 3.23% to 38.71, while Ethereum volatility index (EVIX) dropped 4.39% to 54.5. USD/CNH declined 0.03% to 6

Bitcoin (BTC) rebound momentum is weak, falling back to around $65,590 on June 17. Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that perpetual contracts will be assessed asset by asset, rather than approved under a blanket authorization. Illinois became the first U.S. state to impose a tax on digital asset transactions, expected to take effect on January 1, 2027. Macro Events & Crypto Hotspots 1、According to Cryptopolitan, Michael Selig, Chairman of the U