Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Jin10, India's benchmark 10-year government bond yield has risen to 7% on June 1, climbing approximately 34 basis points since the Iran war began three months ago. The Reserve Bank of India faces mounting pressure to raise borrowing costs at its rate decision on Friday, as rupee

China Container Freight Index (CCF) European Route main contract rose 401 points intraday to 3,892.0 on June 1, 2026, posting an 11.49% gain during the trading session.

European Central Bank Executive Board member Isabel Schnabel recently signaled that supply shocks are viewed as large and highly persistent, with oil prices expected to remain elevated for some time. According to Schnabel's remarks, energy shocks are likely to transmit into broader

According to Guru Club, on June 1, China's futures market opened with mixed performance. Shipping Europe routes (集运欧线) rose over 4%, egg futures climbed over 3%, while plastic, Shanghai gold, coke coal, and coking coal each gained over 1%. Soybeans and pulp fell over 1%, while pure benzene, Shanghai

According to Jin10, on June 1, the main contract of China's Shipping Index European route futures surged over 8%, reaching 3,774.5 points.

Bitcoin saw a slight rebound in Asian early trading on Monday, June 1, rising to $73,989. Axios reported on Sunday that U.S. President Trump, at a meeting in the White House Situation Room last Friday, asked for several changes to the understanding memorandum of understanding (MOU) between his envoy and Iran, mainly involving the specifics of Iran’s nuclear materials provisions. In parallel, Israeli Prime Minister Netanyahu confirmed that he ordered the Israeli military to further advance its gr

According to South Korea Customs, the country's exports in May increased 60.7% year-over-year after adjusting for working-day differences, while imports rose 20.8%. The data, released on June 1, showed a trade surplus of $26.9 billion. On an unadjusted basis, May exports grew 53.2%, marking the

According to BlockBeats, on June 1, U.S. President Trump said a ceasefire agreement with Iran is close to being reached, demanding Iran abandon its nuclear weapons capability and open the Strait of Hormuz. Iran denied it has approved the final agreement text and emphasized that disagreements

Goldman Sachs raised its LME copper price forecast for end-2026 to $13,735 per ton and upgraded its average copper price projection for 2027 to $13,800 per ton.

South Korea's imports grew 20.8% year-on-year in May, falling short of expectations of 22.7% and slowing from April's 16.7% growth.

U.S. crude oil futures closed lower on May 31, falling 1.28% to $87.76 per barrel, with a weekly decline of 9.15% and a May loss of 12.76%. Brent crude dropped 0.87% to $91.89 per barrel, declining 8.31% for the week and 14% for the month. COMEX gold futures rose 0.83% to close at $4,569.90 per

According to Jin10, CBOT soybean futures fell 0.7% on Friday (May 30), driven by long liquidation ahead of month-end. A U.S.-Iran ceasefire agreement sparked a 2% decline in crude oil futures, weighing on agricultural commodities. Since corn and soybeans are commonly used biofuel feedstock, they

According to Jin10 Futures, CBOT corn futures fell 1.9% on Friday, tracking a 2% decline in crude oil prices following reports that the U.S. and Iran had reached a ceasefire agreement. U.S. Department of Agriculture export sales data showed that

According to Ukrainian military sources, Ukraine conducted overnight strikes on Russian oil and gas facilities on May 31-June 1. The General Staff reported attacks on multiple targets, while the Armed Forces separately confirmed a strike on the Saratov refinery. Meanwhile, Russia reported that