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Most-active oil futures slid intraday: SC crude fell 2.06% to 712.3 yuan/bbl; low-sulfur fuel oil (LU) dropped 1.51% to 5,953 yuan/ton; fuel oil declined 2.54% to 4,803 yuan/ton.

2026-10-20

Most-active oil futures slid intraday: SC crude fell 2.06% to 712.3 yuan/bbl; low-sulfur fuel oil (LU) dropped 1.51% to 5,953 yuan/ton; fuel oil declined 2.54% to 4,803 yuan/ton.

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2026-10-20

Traders, pricing a lower chance the US will impose tariffs on refined-metal imports, pushed LME three-month copper down about 0.5% to around $14,340/ton after Monday. The prospect of US tariffs earlier this year had driven large copper inflows into U

Traders, pricing a lower chance the US will impose tariffs on refined-metal imports, pushed LME three-month copper down about 0.5% to around $14,340/ton after Monday. The prospect of US tariffs earlier this year had driven large copper inflows into US warehouses and tightened supply elsewhere; with Trump’s second term nearing its midpoint some bulls now doubt he will follow through, prompting position adjustment. Stronger US rate-hike expectations are also weighing on industrial metals. ANZ said ongoing supply-side issues could limit copper’s downside, citing a global copper-concentrate shortage that may force cutbacks at a major South Korean smelter and reduce supply.
2026-10-21

API: US crude inventories fell 4.93 mln bbl in the week to Oct 16; expected -1.11 mln; prior -11.12 mln.

API: US crude inventories fell 4.93 mln bbl in the week to Oct 16; expected -1.11 mln; prior -11.12 mln.
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