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US Copper Tops 1.6M Tons, $86 Diesel Squeeze, and Food Risks
Description
United States copper inventories swell past 1.6 million metric tons amid looming tariff deadlines, while European buyers face record $347 premiums. Global diesel refining margins hold near $86 per barrel as Middle East tanker strikes prolong middle distillate deficits into 2027, prompting the European Union to delay methane import mandates. In freight and agriculture, Chinese state buyers secure 10 Panamax soybean cargoes following bilateral talks, even as critical fertilizer chokepoints in the Strait of Hormuz threaten global crop yields alongside surging low-cost Chinese poultry exports.
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