Macroeconomics

1. [US PPI] Data released by the US Bureau of Labor Statistics shows that the Producer Price Index (PPI) rose 1.1% month-on-month in May, exceeding the market expectation of 0.7%; year-on-year, it rose 6.5%, marking the highest level since November 2022.

2. [ECB Rate Hike] On June 11 (local time), the European Central Bank announced a 25-basis-point hike for each of its three key interest rates in the Eurozone. Consequently, the deposit facility rate, the main refinancing operations rate, and the marginal lending facility rate stand at 2.25%, 2.40%, and 2.65%, respectively.

Energy

1. [Crude Oil] International crude oil futures closed lower on June 11. The settlement price for the US WTI crude oil futures contract for July delivery was $87.71 per barrel, a drop of $2.32 or 2.6%. The settlement price for the Brent crude oil futures contract for August delivery was $90.38 per barrel, a drop of $2.72 or 2.9%.

2. [Crude Oil] OPEC's monthly report shows that the forecast for global crude oil demand growth in 2026 is 970,000 barrels per day (bpd), down from the previous forecast of 1.17 million bpd; the forecast for 2027 is 1.73 million bpd, up from the previous forecast of 1.54 million bpd.

3. [Crude Oil] Reports indicate that Nigeria's crude oil production surged to an 11-month high in May 2026, exceeding the production quota set by OPEC. OPEC had assigned Nigeria a quota of 1.5 million bpd, and the country's average crude oil production in May reached 102% of that level.

4. [Coal] Recent survey results indicate that among the 137 coal mines in Shanxi province that suspended operations starting May 23, 77 mines had resumed production by June 11, representing a total capacity of 90.45 million tonnes. The resumption process has been inconsistent due to the severe safety supervision environment. For coal mines that had resumed operations, daily raw coal output was 332,500 tonnes prior to May 23; by June 11, the latest daily output stood at 214,000 tonnes, representing a month-on-month decrease of 118,500 tonnes (a drop of 35.64%).

5. [Coking Coal] On June 11, coking coal prices in the Changzhi market rose by 10 RMB/tonne. The ex-factory price (cash, tax-inclusive) for low-sulfur lean coal (specifications: A10.5, S0.4, V15, G13, Mt8) was 1,310 RMB/tonne.

6. [Petroleum Coke] On June 11, the price of petroleum coke from Guangrao Zhenghe Petrochemical Co., Ltd. was 2,150 RMB/tonne, down 150 RMB/tonne from the previous trading day. The product has a sulfur content of approximately 3.3–3.6%; the company operates an 800,000-tonne/year delayed coking unit with a daily petroleum coke output of 350 tonnes.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.