Commodities (Crude Oil & Copper) & Macro Outlook

According to Shell CEO, the oil market faces a supply shortage of 1.2 billion barrels due to recent events in the Strait of Hormuz. The CEO's statement reflects concerns over disruptions to critical petroleum shipping routes, which play a central role in global oil supply

According to Jin10, copper prices maintained narrow-range consolidation on June 10 as macroeconomic pressures and supply disruptions balanced each other. Strong U.S. employment data and elevated inflation expectations supported Treasury yields and the dollar index, with market expectations for Fed r

According to Kazakhstan's Energy Ministry, the country is expected to produce 98 million tons of oil in 2026, the state news agency reported. The forecast reflects the ministry's projections for annual petroleum

According to Shanghai International Energy Exchange data, energy commodity futures inventory positions held steady on June 10 with no daily changes reported. Pulp futures warehouse inventory remained at 235,809 tonnes, while factory warehouse inventory stood at 20,000 tonnes. Stone bitumen futures w

Polysilicon mainline contracts surged intraday on June 10, with gains expanding to 4% during the trading session.

According to Huize, Chinese lithium producers including China Minerals, Shengxin Lithium, and Yaca Group have resumed shipments of lithium concentrates from Zimbabwe's Bikita mine. China Minerals confirmed shipping 5,000 to 7,000 tons of material in mid-May, while Shengxin Lithium stated its Zimbabw

The White House completed its review of the Commodity Futures Trading Commission's (CFTC) proposed prediction markets framework last Friday, according to the Office of Information and Regulatory Affairs (OIRA) website. The completion clears the way for CFTC to release its draft rule for a second

According to OIRA, the White House completed its review of the Commodity Futures Trading Commission's (CFTC) prediction markets proposal framework on June 6. The regulator's draft rule is expected to enter a second round of public comment soon, followed by further White House review and a final

According to Maria Bertzeletou, senior market analyst at Signal Group, the Baltic Dry Index (BDI) fell 3.4% to 2,818 points on June 9, marking its longest consecutive decline since mid-January. The index tracks shipping rates for Capesize, Panamax, and Supramax vessels transporting commodities

According to Jin10 Data, oil-themed LOF funds fell on June 10 after opening higher. Stone Oil Fund LOF, China Pacific Oil Gas LOF, and Global Oil & Energy LOF each dropped over 1%. China JA Crude Oil LOF and E Fund Crude Oil LOF turned negative in afternoon trading, while China Southern Crude Oil LO

According to BIT analysis, Bitcoin hovered near $60,000 on June 10 ahead of tonight's U.S. CPI release, with investors navigating three concurrent risks: sticky inflation, declining risk appetite in AI-related assets, and escalating geopolitical tensions around Iran. Options market data

According to CME data, on June 9, precious metals and crude oil futures displayed divergent trading patterns. Gold, silver, and copper all posted gains in both volume and open interest. Gold volume rose 4,471 contracts to 160,487, with open interest increasing 1,689 contracts to 332,845. Silver volu

According to Chuanchuang Intelligence data, China's marine fuel oil production in May 2026 totaled 406,000 tons, down 4.38% month-on-month but up 0.84% year-over-year. Production declined due to reduced feedstock availability following China National Offshore Oil Corporation's Taizhou facility

According to CoinDesk, on June 10, Bitcoin and gold fell in tandem as market expectations of interest rate hikes pressured non-yielding assets. Bitcoin declined approximately 7% this week while gold broke below $4,200 per ounce. Over the past week, more than $500 million in short positions were

Entergy's CEO defended the utility's large-scale power buildout for data centers, arguing that the "Fair Share Plus" policy requires data centers to pay for infrastructure and fixed costs. According to the CEO, the approach will save customers approximately $7

According to Kazakhstan's Energy Minister, maintenance of the Kashagan oil field will take 35-40 days in 2027.

According to the Japan Petroleum Association (PAJ), as of the week ending June 6, Japanese commercial crude oil inventories declined to 9.5367 million kiloliters from 10.0167 million kiloliters the previous week, down 480,004 kiloliters. Refinery operational capacity utilization (BPSD) rose to 80.20

CME Group (Chicago Mercantile Exchange Group) launched Nasdaq CME Crypto Index futures on June 10. At maturity, the contracts are settled in cash based on the value of the Nasdaq CME Crypto Settlement Price Index. The index tracks Bitcoin, Bitcoin Cash, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar. Index constituents: 8 confirmed crypto assets as of June 9, 2026 Per announcements from CME Group and PRNewswire, the constituents of the Nasdaq CME Crypto Settlement Price Index are as foll

According to Shanghai Steel Union data, MMLC battery-grade lithium carbonate mid-price reached 165,100 yuan/ton during today's early session, up 750 yuan/ton from yesterday's 4:30 p.m. level.

According to U.S. Undersecretary of State Lando, the United States is working to release energy reserves and increase sales of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) to ASEAN member