Commodities (Crude Oil & Copper) & Macro Outlook

According to Odaily (citing Gate data), both WTI crude oil and Brent crude oil rose 2.00% intraday on May 28, with WTI trading at $93.90 per barrel and Brent at $94.65 per barrel.

According to Guru Club, U.S. and Brent crude oil surged over 3% on May 28. The price movement followed Iran's Revolutionary Guards announcing strikes against U.S. air force bases near Abbas Port in response to earlier attacks. The Iranian military warned that any further U.S. strikes would trigger a

According to Odaily, MGBX officially launched its TradFi perpetual contracts section, allowing users to trade global stocks, indices, precious metals, energy, and forex via USDT without requiring a traditional brokerage account. The platform offers 7×24 trading access with up to 75x leverage and a

According to Shanghai Steel Union data, MMLC battery-grade lithium carbonate (early session) was quoted at 175,550 yuan/ton today, up 100 yuan/ton from yesterday's 4:30 p.m. price.

According to Jin10 on May 28, Chicago Federal Reserve President Austan Goolsbee said on Thursday that energy inflation related to the Iran conflict has persisted longer than anticipated, imposing a "stagflation shock" on Asian economies. Speaking at a Bank of Japan Financial Research Institute

According to Jin10 Futures, as of May 28 at 10:13, China's futures market saw significant inflows and outflows across major contracts. Lithium carbonate (LI2609) received 624 million yuan in inflows, followed by Shanghai silver (AG2608) at 444 million yuan, and PTA (PTA2609) at 398 million yuan.

According to Michio Saito, senior economist at Nomura Capital Market Research, Middle East tensions could complicate Japan's path to rate hikes. Swap market pricing shows traders expect a 75% probability of a June rate increase and 92% by July. However, Saito—a former key Japanese Finance Ministry o

According to Jin10 Futures, as of May 28, Malaysia's palm oil exports remain weak with elevated near-term supply pressure, weighing on price momentum. However, pending details on Indonesia's export policy, expected increases in biofuel consumption in the second half, and potential production cuts

According to Jin10 Futures, on May 27, China's standard-grade cotton (Grade 3128B) traded at 17,597 yuan per ton, down 77 yuan from the previous week. Market weakness was attributed to strengthened domestic policy adjustment expectations coupled with declining crude oil

According to Jin10 Futures, as of 9:30 AM Beijing time on May 28, WTI crude oil futures rose 1.60% and U.S. natural gas futures fell 0.52%.

On the morning of May 28, China's Chinalife Energy and Chemical Futures ETF rose more than 1%, while several commodity funds declined. The Guolian Securities Shanghai Commodity ETF and Huaxia Soybean Meal Futures ETF held steady. Dagong Non-ferrous Metals Futures ETF, Nansoutheast Shanghai Gold ETF,

Bitcoin (BTC) continues to dip, temporarily around $74,530 as of May 28. Against the backdrop of global crackdown on prediction markets, Polymarket is weighing “know your customer” (KYC) requirements. The Bank for International Settlements (BIS) will launch a real-value transaction trial for its digital cross-border payments project Project Agorá. Macro Events & Crypto Market Hotspots 1、CoinTelegraph, citing The Information, reports that Polymarket is considering adopting mandatory user verifica

According to Tasnim News Agency citing military sources, an American oil tanker attempting to transit the Strait of Hormuz with its radar system disabled came under fire from Iran's Islamic Revolutionary Guard Corps (IRGC) Navy earlier today and was forced to turn

According to Guru Club, on May 28, China's commodity futures market opened with mixed performance. Seaborne freight Europe route, PTA, polyvinyl chloride (PVC), coking coal, p-xylene, and short-fiber polymers rose more than 2%, while coke gained nearly 2% and bottle-grade polyester chip added

On May 28, Bitcoin fell by about 2.8%, touching a weekly low of $74,530. Reuters reported that a U.S. official, who requested anonymity, said that the U.S. military launched a new round of strikes overnight on Wednesday against an Iranian military base, which the authorities have officially identified as posing a threat to U.S. forces and commercial shipping through the Strait of Hormuz. The U.S. military also intercepted and shot down multiple Iranian drones. In the same period, on-chain data s

WTI crude oil reached $93 per barrel today, up 1.16% intraday. Brent crude oil rose above 1.00% to trade at $93.77 per barrel.

According to Lane, ECB Chief Economist, Europe's experience with energy shocks reveals non-linear characteristics that offer lessons for the U.S. The ECB noted that past energy disruptions displayed non-linear mechanisms, particularly when inflation becomes very high, triggering various cascading ef

According to Jin10 Futures, on May 28, the PX market is anticipated to trade with weakness despite tight downstream supply pushing prices higher. Fundamental conditions remain soft, supporting a consolidation bias for the

Federal Reserve Vice Chair Jefferson expects inflation to weaken later this year as the impact of tariffs and elevated energy prices diminishes.

According to Guru Club, crude oil futures plunged over 9% overnight on May 24 Beijing time, with both WTI and Brent crude sliding sharply by 5:20 UTC. In response, major cryptocurrencies surged; Bitcoin rose 1% to $76,655, while over 120,000 traders faced liquidations across crypto markets in the