Commodities (Crude Oil & Copper) & Macro Outlook

According to the Washington Post, oil and natural gas industry executives warned the White House on June 11 that gasoline prices could surge significantly in the coming months as fuel inventories decline to critically low levels. According to sources familiar with the discussions, industry

According to OPEC's latest monthly report, the organization lowered its 2026 global crude oil demand growth forecast to 970,000 barrels per day from a previous estimate of 1.17 million barrels per day, a downward revision of 200,000 barrels per day.

According to Beike Finance, on June 11, Guangzhou Futures Exchange polysilicon main contract hit the daily limit up for the third time this year, with a single-day gain of 8.99%. The rally was driven by expectations of photovoltaic capacity clearance, as the efficiency standard for crystalline silic

The Bank of Canada maintained its key overnight rate at 2.25% on Wednesday, keeping the bank rate at 2.50% and the deposit rate at 2.20%. The decision comes as economic activity in Canada remains weak and uncertainty about U.S. trade policy persists, while the ongoing Middle East conflict has

According to Fitch Ratings, the firm downgraded its global shipping outlook to neutral on June 11, citing war-driven surge in tanker freight rates. The rating action reflects elevated geopolitical risks impacting maritime transport

According to Federal Reserve economists, flash drive prices surged approximately 70% since November 2025, with the broader Computer Software and Accessories category jumping a record 14.5% year-over-year in May, according to the Consumer Price Index report released Wednesday. The spike is largely dr

According to Reuters, Russia's seaborne refined oil exports fell 0.2% in May compared to April, based on industry data calculations.

According to Xinhua News, Iran's Hormuz Strait Authority announced on June 11 that the Strait of Hormuz is temporarily closed due to tensions created by U.S. military activities in the Middle East and a recent statement from Iran's Armed Forces. Authorized vessels are instructed to remain on

According to the Indian government, fuel sales in May declined 6.5% year-on-year to 19.93 million tonnes. Diesel sales increased 1.6% and gasoline sales rose 3.4% compared to the same period last year.

According to Chuangyi Resources, crude oil cost support for polyethylene weakened in May 2026. Domestic production increased while imports contracted, creating slight supply growth. Downstream demand entered a traditional off-season, reducing buyer procurement interest and pressuring spot markets. C

Charles Schwab chief investment strategist Liz Ann Sonders warned that oil prices could spike significantly if the Strait of Hormuz remains closed due to the US-Iran conflict. Sonders cited statements from Chevron and Exxon leaders last week indicating oil could reach $150 per barrel in a matter of

According to Japan's Prime Minister Takaichi Sanae, the country aims to secure 100% of crude oil supply in July.

According to analysts including Florian Ielpo from Lombard Odier and Ben Jones from Invesco, global markets experienced sharp turbulence in early June amid conflicting forces: AI-driven optimism supporting equity rallies against geopolitical tensions from U.S.-Iran friction and uncertainty over

The United States and Iran engaged in a second day of military exchanges near the Hormuz Strait on local time June 11, escalating the conflict in the region. Early June 11 around 6am Korean time, US Central Command (CENTCOM) announced additional defensive strikes on multiple targets inside Iran,

Today, Guangzhou Futures Exchange announced trading rules for polysilicon futures contract PS2706 and lithium carbonate futures contract LC2706. For PS2706, the commission rate is set at 0.025% of transaction value for both regular and intraday closing transactions. The minimum order size for

According to the UK Maritime Trade Operations Office (UKMTO), a tanker's engine room caught fire today, June 11, approximately 21 nautical miles northeast of Sohar, Oman. The authority reported that the incident caused no environmental pollution, and local authorities have launched an

According to Dalian Commodity Exchange announcement, markets will close June 19–21 for the Dragon Boat Festival holiday, with trading resuming on June 22. The exchange will not conduct night session trading on June 18. On June 22, all futures contracts will open via call auction from 08:55 to 09:00.

According to the London Metal Exchange (LME), inventory levels declined on June 11 across six key metals: lead fell by 575 tonnes, aluminum decreased by 2,825 tonnes, tin dropped by 30 tonnes, zinc declined by 100 tonnes, copper fell by 2,275 tonnes, and nickel decreased by 558 tonnes.

According to Rystad Energy's geopolitical analyst Jorge Leon, oil prices could spike to $150 per barrel if the United States and Iran enter a full-scale conflict. The analyst noted on June 11 that it remains unclear whether the current escalation signals a complete return to hostilities or

According to Singapore's Enterprise Development Board (EDB), the country's middle distillate stocks fell 39.3 million barrels during the week ended June 10, declining to 690.4 million barrels, marking a 13-week