Deep Tide TechFlow News, June 2nd, HSBC released a research report stating that the global commodity market is currently in a "super squeeze" driven by supply disruptions. It states that if the Strait of Hormuz remains effectively closed for an extended period, global commodity inventories will accelerate depletion, and some varieties may approach a price turning point. The report points out that conflicts in the Middle East have impacted aluminum smelting capacity, pushing aluminum prices to a 4-year high; copper prices are mainly supported by a rebound in end-user demand, approaching $14,000 per ton. HSBC also mentioned that supplies of crude oil, liquefied natural gas, agricultural products, and industrial metals are all facing tightening pressures.

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