From Investing.com: 2025-06-10 03:18:00

Energy – Trade Talk Optimism Supports Market

Oil prices firmed as trade talks between US and China progress. US may ease tech export restrictions in exchange for China easing rare earth export limits. Iranian nuclear talks face obstacles, supporting prices. Chinese crude oil imports weak in May, down 5.7% MoM. ICE gasoil market tight, with record open interest.

Metals – China’s Central Bank Adds More Gold in May

China’s central bank added gold to reserves for 7th month, totaling 73.83 million troy ounces. China’s imports for unwrought copper down 2.9% MoM. Copper concentrate imports down 18% MoM in May. China’s iron ore imports fall 5.3% YoY. China’s aluminium exports down 5.1% YoY, steel product exports up 8.6% YoY.

Agriculture – China Soybean Imports Hit Record Levels

China’s soybean imports rose 36.2% YoY to record 13.9mt in May. Cheaper supplies from Brazil drive purchases. US corn and soybean export inspections rise, wheat inspections decrease. ING publication for information purposes only, not investment advice.



Read more at Investing.com: The Commodities Feed: Trade Talks Give Oil Prices a Lift