Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to China CITIC Securities, the Strait of Hormuz may see partial recovery in late June, potentially boosting VLCC operational efficiency and tanker rates. The brokerage expects shipping rates to spike initially as regional fuel flows to Southeast Asian markets with supply deficits,

According to Jin10 futures, CBOT soybean futures closed 0.2% higher on Monday, reversing early losses as excess rainfall in parts of the U.S. Midwest triggered technical buying. Rainfall in some regions reached 161% of normal levels last week, supporting the market despite international crude oil fu

According to Iran's confirmation on June 16, the U.S. began lifting its maritime blockade on Iran, with several Iranian vessels crossing the blockade line. The U.S. Strategic Petroleum Reserve (SPR) has simultaneously fallen to approximately 340 million barrels, the lowest level since 1983,

According to Jin10 Futures, CBOT soybean oil futures fell on Monday, with December contracts down 0.5%, tracking a 5% decline in crude oil following a preliminary peace agreement between the U.S. and Iran. July contracts briefly touched a 7-week low while December futures hit their lowest level in s

According to official statements, the U.S. and Iran reached an agreement on June 15, driving major market shifts. Crude oil prices fell 5%, the Dow Jones hit a record high, semiconductor stocks led gains, and gold extended a three-day rally. U.S. Vice President stated the Strait of Hormuz will

According to Guru Club, U.S. gasoline retail price fell below $4 per gallon on June 16, marking the first time since mid-April. The decline was driven by U.S.-Iran accord signed on Monday, which prompted a sharp drop in crude oil prices, with a decline exceeding $4 per barrel. The market views the $

The U.S. dollar weakened on Monday (June 15) after the U.S. and Iran announced a temporary peace agreement, with the dollar index (DXY) falling 0.1% to 99.68. The accord, which aims to end a conflict lasting over three months, sparked reduced safe-haven demand and boosted risk appetite, lifting

New Zealand's food price index increased 1% on a monthly basis in May, compared with no change in the previous month, according to official economic data.

According to Bloomberg, on June 15, global hedge funds have repositioned portfolios ahead of the anticipated U.S.-Iran peace agreement signing on Friday (June 19), shifting capital into short-duration U.S. Treasuries, Asian currencies, and emerging market equities that were oversold during the

According to NOAA estimates, there is a 90% probability that El Nino will occur this year, with a 25% chance of an extremely strong episode. The phenomenon is expected to disrupt global agricultural production and push commodity prices significantly higher, potentially undermining investment