Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures citing Shanghai Futures Exchange (SHFE) data on June 24, SHFE warehoused inventories across commodity futures showed mixed movements. Aluminum inventories declined by 4,262 tons to 472,972 tons, while pulp warehouse inventories rose by 4,883 tons to 248,750 tons. Alumina i

Binance Research reports on-chain tokenized assets have grown 589% since early 2025, reaching more than $31 billion as institutional issuers increasingly move traditional financial products onto blockchain infrastructure. The growth reflects institutional demand for blockchain-based settlement and t

According to Jin10, on June 24, NMT set its July shipment price for manganese ore (Mn36%, South African semi-carbonate lump) to China at $4.7 per dry metric ton unit, down $0.1 from the previous month.

According to Guru Club, domestic commodity futures closed mixed on June 24, with Shanghai silver, tin, and nickel declining over 3%. Lithium carbonate futures led gainers, rising nearly 4%, while eggs and rapeseed meal posted smaller gains

Economist Nouriel Roubini co-authored the whitepaper for USAFi, a tokenized investment product developed by Atlas Capital Team, according to an announcement released on Tuesday. The blockchain-based offering tokenizes the Atlas America Fund, a Nasdaq-listed exchange-traded fund overseen by Roubini,

U.S. diesel prices fell below $5 per gallon for the first time since March on June 24, marking the latest decline in the fuel market.

According to Securitize and official announcements, on June 23, Economist Nouriel Roubini entered blockchain finance through USAFi, a tokenized investment product co-authored with Atlas Capital Team. USAFi mirrors the performance of the Atlas America Fund (USAF), a Nasdaq-listed exchange-traded

According to Jin10, Fujairah crude oil inventories rose by 1.701 million barrels to 6.846 million barrels for the week ending June 22, according to data from the Fujairah Oil Industry Zone. Residual fuel oil inventories increased by 1.605 million barrels to 4.024 million barrels, accounting for the

Snam's CEO expressed confidence in the natural gas storage filling activities, announcing plans to raise gas storage levels from the current 65% to above 90% by the end of October. The Italian gas network operator aims to strengthen energy supply stability ahead of the winter

According to sources, Singapore-based refiner Aster plans to shut down its crude oil and petrochemical units in August for maintenance.

According to Jin10 Futures, on June 24, warehouse pulp futures inventory at Shanghai Futures Exchange increased to 248,750 tons, up 4,883 tons from the previous trading day. Fuel oil futures inventory declined 5,000 tons to 26,160 tons, while petroleum bitumen warehouse inventory decreased 500 tons

According to Bank of Japan Governor Ueda Kazuo on June 24, the central bank will continue raising interest rates based on economic, price, and financial conditions, with inflation expected to reach the 2% target in the second half of the fiscal year and beyond. Ueda noted that the timing and pace of

According to shipping brokers, a very large crude carrier (VLCC) carrying approximately 2 million barrels was chartered on June 24 from the Persian Gulf to India at a rental rate of 897% of the World Tanker Nominal Freight Index—the highest rate so far this year. The vessel will be operated by

According to Qatar's Prime Minister Mohammed, the United States and Iran have agreed to establish a direct communication hotline to ensure maritime safety during Hormuz Strait demining and reopening operations, as announced on June 24. The mechanism will provide official verification channels for th

According to Bloomberg, a supertanker with capacity for about 2 million barrels of crude oil was chartered at 897 Worldscale points—nine times the benchmark rate—for transport from the Persian Gulf to Singapore this year, marking the highest rate recorded so far in 2026. The vessel was booked by

According to Jin10, the U.S. Department of Energy announced on June 24 it will provide a $17.5 billion loan to accelerate the construction of large-scale nuclear reactors. The initiative aims to strengthen domestic energy infrastructure and reduce reliance on fossil

According to Guru Club, lithium carbonate futures surged over 4% on June 24, reaching 163,000 yuan per ton.

According to multiple Chinese brokerages, Shanghai nickel futures fell sharply overnight and today, declining nearly 2% to refresh the lowest level since March, amid macro headwinds and inventory pressures. The U.S. dollar surged to its highest level since November last year as market participants r

According to Bitunix analysts reported by BlockBeats on June 24, global markets are shifting focus from Middle East geopolitical risks to rising capital costs and funding conditions. The Strait of Hormuz is entering a recovery phase with UAE crude oil exports restored to approximately 85% of pre-con

U.S. Treasury Secretary Scott Bessent said on June 23 after delivering remarks at the New York Economic Club that Trump has complete confidence in the newly appointed Federal Reserve Chair Kevin Warsh to do the right thing, and noted that Trump has pledged Warsh will maintain the Fed’s independence. Bessent cited the saying, “There are more governments overturned by bond markets than by cannons,” to explain that Trump understands the political consequences of inflation pushing up long-term borro