Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, as of June 22, China East pure benzene closed at 7,185 yuan/ton, down 485 yuan/ton from June 1 (6.3% decline). The drop was driven by weakness in crude oil futures, which fell to March lows following Iran-U.S. negotiations. Lower crude prices combined with reduced downstream

According to Jin10 Futures, crude oil retreated from intraday highs yesterday (June 23) after U.S.-Iran peace talks made progress and the Strait reopened. Oil prices had initially surged following earlier reports of Strait restrictions, but fell back from peak levels after the diplomatic

According to industry sources cited by Reuters, India's liquefied petroleum gas (LPG) imports from the U.S. in June surged to over 1 million tons, marking a record high. The spike follows disruptions in Middle East supply caused by the Hormuz Strait closure. Indian refiners have accelerated

According to Oman's Foreign Minister Badr, on the evening of June 22, Oman reiterated its commitment to ensuring free and safe passage through the Strait of Hormuz, following discussions with Iran's parliamentary speaker Kalibaev in Muscat regarding the recent U.S.-Iran memorandum of

According to ZhiTong Finance, the Hang Seng Index fell 1.13%, or 268 points, to 23,500 during midday trading on June 23, while the Hang Seng Tech Index declined 2.21%. Morning trading volume reached 176.9 billion Hong Kong dollars. Copper stocks led market declines as investors focused on the

According to WEEX Labs, gold (XAU) and crude oil declined 0.81% and 2.08% respectively over the past 24 hours as of June 23, amid cooling safe-haven demand. PAXG gold also fell 0.83% during the same period, reflecting a broader pullback in commodity

According to analyst Shazma Juliana Abu Bakar on June 23, Malaysia's diesel subsidy reform taking effect July 1 is expected to have minimal direct inflationary impact. Eligible citizens will purchase subsidized diesel at 2.10 ringgit per liter, while logistics operators remain protected. The analyst

According to analyst Matthew Lynn reported by Jin10, oil prices have not reached historic highs despite recent surges following U.S.-Iran military tensions on June 23. The 2008 peak of $147 per barrel would equate to approximately $224 in current dollars. Lynn stated that the era of the "long oil

Japanese automaker component supplier Astemo announced in October last year a new electric motor for electric vehicles that eliminates the use of rare earth elements controlled by China. The development responds to China's strengthened export controls on critical minerals. MITSUBA began mass

Japan's government under Prime Minister Sanae Takaichi announced a 370 trillion yen investment plan spanning 17 strategic industries including AI, semiconductors, shipbuilding, critical minerals, quantum computing, space, and energy infrastructure. The plan responds to supply chain vulnerabilities e

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate traded at 157,900 yuan/ton in early morning session today, up 750 yuan/ton compared to yesterday's 4:30 p.m. close.

Late Monday (June 23), U.S. stock futures traded lower as investors rotated out of megacap technology stocks. Nasdaq 100 futures fell 0.1% and S&P 500 futures declined 0.2% as of 10 p.m. ET, with Alphabet dropping 5%, Amazon and Meta losing nearly 5% and 2.3% respectively, and Microsoft

According to Jin10 Futures, as of 09:30 Beijing time on June 23, WTI crude oil futures rose 0.43% while U.S. natural gas futures fell 0.61%.

Bitcoin (BTC) rebounds are still weak; as of June 23, it is temporarily around $64,190. The U.S. Senate passed a housing bill that includes a four-year Federal Reserve central bank digital currency (CBDC) ban. Trump signed two executive orders aimed at accelerating the development of advanced quantum computers and reducing the security threats they bring. Macroeconomic Events & Crypto Market Highlights According to CoinDesk, the U.S. Senate passed the housing bill by 85 votes to 5, which include

Malaysia's Ministry of Finance announced that from July 1, 2026, diesel prices will be adjusted to market rates nationwide.

The U.S. Commodity Futures Trading Commission (CFTC) officially released a notice of proposed rulemaking for comment on June 23, soliciting written input from all parties on the development of two energy derivatives markets: first, extending standard futures contracts (including energy futures) to 24-hour trading, 7 days a week, around-the-clock, while not changing the fixed expiration dates, delivery, or settlement terms; second, the potential listing of perpetual contracts backed by physical d

Early trading on June 23, crude oil and petroleum futures in China declined across the board. SC crude fell 2.04% to 500.1 yuan per barrel, low-sulfur fuel oil (LU) dropped 2.19% to 3,925 yuan per ton, fuel oil fell 2.14% to 3,057 yuan per ton, and asphalt retreated 3.34% to 3,786 yuan per ton.

On June 23, the U.S. Department of the Treasury issued a 60-day general license that fully exempts sanctions on the production and sale of Iranian crude oil and petrochemical products; Iran, in parallel, froze overseas assets worth $12 billion. U.S. Vice President Vance revealed that, in exchange, Iran agreed to allow international inspectors to return to nuclear facilities, but Tehran has not yet acknowledged the concessions. Bitcoin rose back to $64,113 the same day; WTI crude oil fell to $73.

According to CFTC official announcement, the U.S. Commodity Futures Trading Commission on June 23 is seeking public comment on two energy derivatives market developments: extending standard futures contracts to 24-hour, 7-day trading, and potentially listing perpetual contracts backed by

According to Zhitong Finance, China's agriculture and development authorities organized a coordination meeting on June 15 to guide large-scale pig breeding enterprises and provincial governments to reduce production capacity. Hog prices have fallen to 9.50 yuan per kilogram and remain at the cycle b