From Investing.com: 2025-04-15 01:16:00

Oil prices rose slightly despite OPEC reducing demand estimates, settling just below US$65/bbl. Market focused on balancing tariff developments and US-Iran nuclear talks. Chinese trade data showed strong oil imports in March, with refined product exports rising almost 40% MoM. OPEC lowered demand growth estimates for 2025 and 2026 due to recent tariff developments.

China’s copper imports dropped in March, with unwrought copper falling 1.4% YoY. Concentrate imports increased 2.7% YoY. Unwrought and aluminium product exports fell while steel product exports rose amid global trade tensions. Reports suggest China issued new gold import quotas amid increased trade tensions, as COMEX gold inventories decline.

Cocoa prices fell due to reduced grindings in Malaysia and Brazil, reflecting weaker demand. China’s soybean imports declined significantly in March, down 40% MoM and 36.8% YoY. This was driven by tariff concerns and delays in Brazil’s harvest, resulting in the lowest monthly soybean imports since February 2013. Brazilian supply is expected to increase in the coming months.



Read more at Investing.com: Crude Oil Steady on China Demand, but OPEC Cuts and Tariff Risks Linger