Commodities (Crude Oil & Copper) & Macro Outlook

In May, China's refined copper production reached 1.264 million tonnes, up 2.2% year-over-year. Lead production declined to 611,000 tonnes, down 5.4% compared to the same period last year, while zinc production totaled 641,000 tonnes, up 9.4% year-over-year.

According to Guru Club, Qatar is accelerating the recall of empty liquefied natural gas (LNG) tankers on June 22 to prepare for restoring supplies that account for roughly one-fifth of global LNG. Ship-tracking data shows three LNG carriers operated by Qatar's state-owned shipping company are

According to Jin10, Malaysian Prime Minister Anwar Ibrahim announced on June 22 that the government will introduce targeted diesel subsidies starting next month, with the policy aimed at lowering diesel prices rather than raising them. Ibrahim stated that the move is based on progress from

According to WatcherGuru, Iran has closed the Bab al-Mandab Strait in June 2026 following Israeli strikes. The strait is a critical maritime chokepoint connecting the Red Sea to the Gulf of Aden, with approximately 12% of global trade passing through it annually. The closure is expected to disrupt s

WTI crude oil fell over 2% during intraday trading on June 22, with the contract currently trading at $75.70 per barrel.

SC crude oil main contract fell 2.00% intraday on June 22, trading at 503.40 yuan per barrel.

According to CoinPost, Japan's National Commerce Enterprise Pension Fund (based in Okayama) plans to allocate approximately 1% of its operational assets to cryptocurrency in fiscal year 2026 to diversify currency risk. The

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate mid-price fell to 156,900 yuan/ton during early trading on June 22, declining 8,750 yuan/ton from the previous close.

President Trump threatened fresh military strikes against Iran late Sunday over Tehran's closure of the Strait of Hormuz, triggering a selloff in U.S. stock futures. Dow futures fell 0.12%, S&P 500 futures declined 0.21%, and Nasdaq 100 futures dropped 0.22% as of 9:24 p.m. ET. In a Truth Social

WTI and Brent crude oils both declined over 1% intraday on June 22, trading at $76.47 and $79.32 per barrel respectively.

According to Tasnim News Agency and Jin10 Futures, Iran's delegation halted negotiations with the U.S. in Switzerland on June 21 in protest of threats from President Trump. Earlier that day, Trump warned Iran to immediately cease proxy actions in Lebanon or face renewed and more severe U.S.

According to Jin Lian Creative, on June 22, domestic gasoline and diesel prices should decline 510 yuan/ton based on a -10.17% change rate and reference crude oil prices of $78.41 per barrel. The next adjustment window is scheduled for July 3 at

According to Guru Club, lithium carbonate futures main contract fell nearly 9% on June 22, now trading at 151,650 yuan per ton.

According to Guru Club, lithium carbonate futures declined 6% intraday on June 22, trading at 155,680 yuan per ton.

Between 00:00 and 01:00 UTC on June 22, 2026, BTC delivered a +0.31% return, with a price range of 63,310.5–63,588.7 USDT and a volatility of 0.44%. After Bitcoin just went through the sharp volatility earlier in June that saw it drop below the $60,000 level, market sentiment is still in a repair phase, with signs of technical stabilization in the short term. The main driver of this move is a marginal easing in geopolitical risk. After the June 15 ceasefire agreement between the United States an

According to Iranian Foreign Ministry spokesman Bagaei, on June 22, Iran and the U.S. discussed oil sales permits and the unfreezing of Iranian assets, achieving good progress in negotiations.

According to Jin10 Futures, Malaysian Bursa Malaysia Derivatives crude palm oil futures may open higher on Monday, June 22, supported by stronger biofuel demand outlook and a rebound in international crude oil. The benchmark September 2026 contract rose 1.57% to 1,122.7 USD per metric ton on

According to PANews, citing on-chain analyst Ember Monitor, on June 22, a trader deposited 4.24 million USDC into Hyperliquid to open a 10x leveraged long position in WTI crude oil (CL) futures worth $39.1 million, establishing the largest crude oil position on the platform. The position was

South Korea's imports in the first 20 days of June grew 23.2% year-over-year, down from 29.3% in the previous reporting period.