Commodities (Crude Oil & Copper) & Macro Outlook

UK unadjusted output PPI rose 0.5% month-on-month in May, matching the expected forecast. The producer price index for output also saw the previous month's reading revised upward from 1.40% to 1.5%.

According to UK official statistics, Britain's May unadjusted input PPI year-on-year rate came in at 8.7%, below the forecast of 8.8%. The previous month's figure was revised upward to 7.9% from an initially

According to CME data, on June 16, precious metals and energy contracts showed mixed movements. Gold trading volume fell to 99,679 contracts while open interest rose slightly to 339,581 contracts. Silver declined in both metrics, with volume at 47,837 contracts and open interest at 107,830 contracts

According to Guru Club, LPG main contract futures and fuel oil main contract futures saw sharp intraday declines on June 17. LPG fell 8% to 4,781 yuan per ton, while fuel oil dropped 6% to 3,122 yuan per ton.

WTI crude oil fell 2% intraday on June 17, trading at $75.16 per barrel.

According to Hyperinsight, WTI crude oil has declined 15.8% from its peak since June 12, when Trump announced he would cancel strikes on Iran and sign a peace agreement. On June 17, WTIOIL on Hyperliquid fell below $75, currently trading at $74.92, as markets anticipate the reopening of the Strait o

Brent crude oil broke below $78 per barrel today, declining 1.57% intraday.

According to Chuangxin Information, as of June 16, China's retail oil prices are expected to decline significantly on June 18, marking the first consecutive week-on-week drop this year. The crude oil change rate stood at negative 10.72%, with estimates pointing to a 475-500 yuan/ton reduction in

Tokenised real-world assets reached approximately US$43 billion on Token Terminal's tracker, rising roughly 37% over the past 180 days as traditional financial products increasingly moved onto blockchain networks. The expansion continued even as broader crypto markets weakened, indicating

The United States and Iran have scheduled a memorandum signing for June 19, 2026, at Switzerland's Bürgenstock resort, with Qatar and Pakistan serving as mediators. The agreement aims to address military operations, sanctions, and the reopening of the Strait of Hormuz to maritime shipping. The

According to Guru Club, Singapore iron ore futures fell below $100 per ton on June 17 for the first time since March. The most actively traded contract declined 1.6% to $99.60 per ton.

According to Huobi HTX, the exchange will host a livestream today at 8 p.m. UTC+8 discussing the potential effects of Iran-U.S. relations normalization and SpaceX's public listing on global capital flows, commodities, and crypto markets. The session will analyze how geopolitical shifts and tech capi

According to Maersk, the container shipping line announced opening rates for its European routes in early July at $5,300 per FEU to Rotterdam and $5,500 to Hamburg on June 17, falling significantly short of market expectations of $6,000. Despite a 400 USD week-on-week increase, the conservative

According to CSRC Chair Wu Qing at the 2026 Lujiazui Forum, China will smoothly advance the launch of LNG futures and options to enhance the international influence of "Shanghai prices." Wu also stated support for developing additional commodity futures on power and other strategic, foundational

SC crude oil main contract futures fell 4.00% during intraday trading today, with prices settling at 508.50 yuan per barrel.

WTI crude oil declined 1.00% during intraday trading on June 17, settling at $75.93 per barrel.

Reuters, on June 16, published an exclusive investigation, citing 11 people familiar with the operation, saying that since early May the U.S. military has been overseeing a large-scale secret ship-to-ship (STS) oil transfer operation located in the waters off Fujairah in the United Arab Emirates and near the port of Sohar in Oman, with at least 92 vessels involved. Satellite imagery and shipping data analysis show that since May, the crude oil and oil products transferred amounted to about 90 mi

According to SentimenTrader data released on June 17, crude oil prices fell 10.31% over the past 5 trading days, while the long-term U.S. Treasury ETF TLT gained 1.30%. Historical data shows that since 2008, when this market combination occurs—oil declining sharply while Treasury bonds rise—the

According to WEEX TradFi data, crude oil prices fell sharply today (June 17) following the announcement of a U.S.-Iran ceasefire agreement. CRUDEOIL dropped 5.2% to $76.02, while USOON declined 3.8% to $115.15, driven by market expectations of restored Hormuz Strait transit and increased Iranian cru

According to a report by The Financial Times on June 16, Japan's Mitsui O.S.K. Lines president said most shipowners will wait for several weeks to confirm that the U.S.-Iran agreement to reopen the Hormuz Strait is being implemented before resuming normal operations. The company expects shipping