Commodities (Crude Oil & Copper) & Macro Outlook

After U.S. President Trump arrived in France on Monday (June 15 local time) to attend the G7 summit, he said that the agreement has all been signed. Vice President JD Vance will attend a formal signing ceremony in Geneva on Friday (June 19), and disclosed in a CNN interview that the agreement documents are about one and a half pages long and include a “substantial sanctions relief package for Iran”; U.S. officials confirmed that the relevant details will be released within two days. The agreemen

According to Morgan Stanley analysts on June 15, the firm slashed its Brent crude price forecast for the third quarter to $90 per barrel from $100 per barrel, citing a U.S.-Iran temporary agreement to reopen the Strait of Hormuz that is expected to boost regional oil production. The fourth-quarter f

According to Wang Guanhua, deputy director of China's National Bureau of Statistics, midstream and downstream enterprises are facing phase-related cost pressures. Wang stated at a State Council press conference on June 16 that while enterprises are taking measures to offset pressure through

Goldman Sachs recently cut its average Brent crude oil price forecast for 2027 to $75 per barrel, down from a previous estimate of $80.

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate's midpoint price fell to 169,200 yuan per ton this morning, down 1,950 yuan from the previous day's 16:30 closing price.

Morgan Stanley lowered its fourth-quarter crude oil price forecast to $80 per barrel.

According to Jin10, China National Petroleum's Daqing Oilfield has built 1.06 gigawatts of clean energy capacity, with cumulative wind and solar generation surpassing 3 billion kilowatt-hours as of June 16, according to the oilfield's New Energy Business

According to Guru Club, polysilicon continuous main contract fell 5% intraday on June 16, trading at 36,275 yuan.

According to the National Bureau of Statistics, China's raw coal output for large-scale industrial enterprises reached 400 million metric tons in May, declining 1.7% year-on-year, with an average daily output of 12.81 million metric tons. For the first five months of 2026, cumulative raw coal

According to China's National Bureau of Statistics, crude oil processing by large industrial enterprises fell to 53.72 million metric tons in May, down 9.1% year-on-year. The decline widened by 3.3 percentage points compared to

According to the National Bureau of Statistics, China's crude oil production from industrial enterprises above designated size reached 18.57 million tons in May, up 0.5% year-on-year. For the January-May period, total crude oil output was 91.31 million tons, up 1.1% year-on-year.

U.S. stock futures retreated in overnight trading late Monday after benchmark indexes surged to records during market hours. Dow futures were flat, S&P 500 futures fell approximately 0.12%, and Nasdaq 100 futures traded 0.24% lower as of 9.25 p.m ET. The retreat followed Monday's rally driven by a b

According to China's National Bureau of Statistics, May energy production showed mixed performance. Electricity generation accelerated, crude oil production remained stable, and coal output held firm; however, natural gas production declined

According to SMM, Shanghai aluminum futures prices plummeted overnight and into early morning trading on June 16, as downstream processing enterprises increased purchase appetite. Traders sought to capture price spreads quickly, with quotes remaining elevated. Physical market transactions in

According to Guru Club, methanol futures' main contract fell nearly 5% to 2,712 yuan per ton on June 16. Ethylene glycol futures' main contract declined 4% intraday, trading at 4,343 yuan per ton.

Robert Kiyosaki, author of Rich Dad Poor Dad, reaffirmed his support for bitcoin and other hard assets in a June 15 post on X, predicting gold will reach $35,000 an ounce by 2035. The statement followed gold's rally of more than $100 in a day to around $4,300 an ounce. Kiyosaki attributed his

According to Gate's latest data, gold prices rose to $4,319.23 per ounce with a daily gain of 0.32%, while silver advanced to $69.82 per ounce, up 1% on the day. The U.S. dollar weakened slightly against the Japanese yen, trading at 160.197 and down 0.06% on the day. In global equity markets,

SC crude oil futures contract fell 2% intraday on June 16, trading at 530.80 yuan per barrel.

Bitcoin fell from the early-week high of $67,292 on June 16, held steady above $66,000, and was reported at $66,336. CME’s “FedWatch” tool shows that after the U.S.-Iran framework agreement was reached, traders reduced the probability of a Fed rate hike in December from nearly 70% last week to 58%. During the French G7 summit, President Trump announced that the two sides, the U.S. and Iran, have completed the electronic signing of the Memorandum of Understanding (MoU). Fed Rate-Hike Expectations

According to Jin10 Futures, crude oil prices fell sharply on June 16 following the end of the U.S.-Iran conflict, pulling down fuel oil cost support. Market participants turned cautious amid bearish sentiment, with trading activity slowing and refineries facing increased difficulty in shipments.