Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Futures Exchange data, pulp futures warehouse receipts rose to 218,028 tonnes on June 1, up 10,762 tonnes from the previous trading day. Pulp futures factory receipts remained unchanged at 20,000 tonnes. Among other energy and chemical products, coated paper futures factory rec

The Russian government imposed a temporary export ban on aviation kerosene, including supplies purchased on exchanges, effective June 1, 2026, to ensure stable domestic fuel supply. The ban will remain in place through

According to Guru Club, Chinese commodity futures closed mostly higher on June 1. Shipping-EU routes surged over 11%, coke coal climbed more than 7%, and egg futures hit the daily limit with a 6% gain. Coke rose over 4%, while asphalt, fuel oil, and polysilicon each gained over 3%. Natural rubber, r

According to Jin10, on June 1, Trump said negotiations on a temporary peace agreement with Iran would yield "very positive" results, despite recent military clashes near the Strait of Hormuz. The administration is under pressure to end the conflict, which has driven up energy prices and remains

According to Guru Club, the Shanghai Containerized Freight Index (ECN route) main contract surged 13% intraday on June 1, trading at 3945.0 points.

According to Hyperinsight data, Hyperliquid captured $914 million in open positions over the weekend of June 1, with traditional assets accounting for 19% of weekend trading volume. The platform's 24/7 trading enabled investors to access commodities and equities while traditional markets remained

According to Guru Club, on June 1, coke futures hit their daily price limit, surging 7.98% to 1,387.50 yuan per ton. Coking coal futures also jumped 6.00%, trading at 2,015.50 yuan per ton.

According to Kalshi's official blog, the U.S. Commodity Futures Trading Commission (CFTC) approved the listing of Bitcoin perpetual futures (BTCPERP) on June 29. Kalshi plans to launch the regulated product within weeks. The approval marks the first time the CFTC has authorized perpetual futures

Citigroup raised its copper price forecasts in June, targeting $14,500 per ton in the near term and $15,000 per ton over the next 6 to 12 months. The bank attributed the price momentum to ongoing U.S. copper tariff concerns expected to persist through June until tariff policies

Hyperliquid's ecosystem token HYPE has risen to the second-ranked asset by trading volume in the decentralized derivatives platform's exchange. As of 1pm 12:30pm on the 1st, HYPE-USDC recorded $1.21643 billion in 24-hour trading volume on the Hyperliquid exchange, trailing only Bitcoin. The surge re

According to Economies.com analysts on June 1, Brent crude futures rebounded after holding the $90 key support level during intraday trading. The support held at this level, previously targeted as a downside objective, triggered the rally and helped prices recover early losses while easing

On Monday, Brent crude futures rose above $93 per barrel, recovering losses from the previous week, as uncertainty persisted over prospects for a US-Iran peace agreement. Over the weekend, both sides exchanged revised proposals for a draft accord aimed at extending the ceasefire period and

Indian state-owned refineries held domestic jet fuel prices steady at 104,927 rupees per kiloliter (approximately $1,104.25) for June 1, as airlines sought relief amid currency weakness and geopolitical tensions, according to Jin10. The move comes after aviation turbine fuel prices surged 8.6

According to Guru Club, on June 1, Chinese commodity futures closed mixed with most gains: Baltic Clean Tanker Index (集运欧线) jumped over 11%, coking coal surged over 7%, eggs and coking coke rose over 5%, while lumber, soybeans and pulp fell over 1%, and zinc, stainless steel, nickel and palladium de

According to Guru Club, China's tungsten market showed steady gains on June 1, supported by cost pressures at the raw material level and improving sentiment. However, actual transactions remained limited to immediate demand, with the market in a tentative price-discovery phase. Tungsten raw material

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate (battery-grade lithium carbonate midprice indicator) rose to 177,200 yuan per ton in early trading today, gaining 800 yuan per ton from the previous day's 4:30 p.m. price.

According to Goldman Sachs on May 31, oil prices face dual-direction risks as weakening demand and potential Middle East supply losses compete. Analyst Daan Struyven and colleagues found April oil sales data from Western Europe implies downside risk to demand of about 2 million barrels per day,

According to Guru Club, coking coal futures' main contract surged 6% to 1,362.5 yuan per ton on June 1.

According to Guru Club, egg futures main contract hit the daily limit on June 1, up 6% and trading at 4,391 yuan per 500 kilograms.

On June 1 early morning, Jianxin Energy and Chemical Futures ETF rose over 1%, while China Merchants Silver Futures (LOF) fell over 2%. Commodity funds including Easyfun Gold ETF and BOC Gold ETF saw mixed performance, with most gold ETFs