Commodities

Most Commodity Groups Fell This Week, With The Exception Of Livestock; The GSCI Energy Was Down Over 7%

As the war in Ukraine continues, fertilizers spot prices keep rising: the Urea New Orleans FOB Index is now up nearly 70% since the middle of February

Published ET

Direct Hedge Urea New Orleans FOB Index | Source: Refinitiv

Direct Hedge Urea New Orleans FOB Index | Source: Refinitiv

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NOTABLE GAINERS THIS WEEK

  • DCE Coking Coal Continuation Month 1 up 8.4% (YTD: 58.3%), now at 3,051.00
  • DCE Coke up 7.7% (YTD: 30.3%), now at 3,800.00
  • NYMEX NY Harbor ULSD up 5.3% (YTD: 50.2%), now at 03.60
  • ICE-US Cotton No. 2 up 4.8% (YTD: 10.9%), now at 126.86
  • DCE Iron Ore Continuation Month 1 up 3.5% (YTD: 24.1%), now at 864.00
  • SHFE Aluminum up 3.0% (YTD: 11.6%), now at 22,920.00
  • NYMEX Henry Hub Natural Gas up 2.9% (YTD: 36.6%), now at 04.86
  • EEX European Union Aviation Allowance Continuation Month 1 up 2.8% (YTD: -1.7%), now at 79.24
  • EEX European-Carbon- Secondary Trading up 2.8% (YTD: -1.4%), now at 79.53
  • Intercontinental Exchange Endex European Union Allowance (EUA) Yearly up 2.8% (YTD: -1.6%), now at 78.89
  • Johnson Matthey Rhodium New York 0930 up 2.7% (YTD: 34.8%), now at 19,000.00
  • COMEX Copper up 2.5% (YTD: 7.9%), now at 04.72
  • CME Cattle (Feeder) up 2.4% (YTD: -5.6%), now at 157.00
  • Shanghai International Exchange Bonded Copper up 2.3% (YTD: 5.3%), now at 65,890.00
  • CME Live Cattle up 2.3% (YTD: 1.0%), now at 140.50

DCE Coking Coal Front Month Futures Prices | Sources: phipost.com, Refinitiv data

NOTABLE LOSERS THIS WEEK

  • TRPC Natural Gas TTF Day 1 down -23.9% (YTD: 27.9%), now at 100.40
  • TRPC Natural Gas TTF Monthly down -23.4% (YTD: 16.8%), now at 101.10
  • Bursa Malaysia Crude Palm Oil down -17.0% (YTD: 18.8%), now at 6,118.00
  • CME Random Length Lumber down -15.9% (YTD: 2.4%), now at 1,185.30
  • DCE RBD Palm Oil down -12.9% (YTD: 30.2%), now at 11,602.00
  • CBoT Soybean Oil down -12.0% (YTD: 29.4%), now at 72.29
  • Palladium spot down -11.3% (YTD: 26.6%), now at 2,487.21
  • SHFE Bitumen Continuation Month 1 down -9.5% (YTD: 14.9%), now at 3,582.00
  • Platinum spot down -4.9% (YTD: 6.4%), now at 1,023.56
  • NYMEX Light Sweet Crude Oil (WTI) down -4.2% (YTD: 36.0%), now at 104.70
  • Crude Oil WTI Cushing US FOB down -4.2% (YTD: 36.3%), now at 104.64
  • Coffee Arabica Colombia Excelso EP spot down -3.9% (YTD: 1.0%), now at 5,562.00
  • Silver spot down -3.4% (YTD: 8.4%), now at 24.96
  • Gold spot down -3.4% (YTD: 5.9%), now at 1,921.09
  • CBoT Soybean Meal down -3.3% (YTD: 15.3%), now at 477.00
GSCI Sub Indices This Week | Sources: ϕpost, FactSet dataS&P GSCI Equal-Weighted Index | Sources: ϕpost, Refinitiv data

ENERGY THIS WEEK

  • WTI crude front month currently at US$ 104.70 per barrel, down -4.2% (YTD: +36.0%); 6-month term structure in tightening backwardation
  • Brent crude front month currently at US$ 107.93 per barrel, down -4.0% (YTD: +34.4%)
  • Newcastle Coal (ICE Europe) currently at US$ 336.00 per tonne, down -19.8% (YTD: +98.3%)
  • Natural Gas (Henry Hub) currently at US$ 4.86 per MMBtu, up 2.9% (YTD: +36.6%)
  • Gasoline (NYMEX) currently at US$ 3.24 per gallon, down -2.2% (YTD: +41.0%); 6-month term structure in widening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 1064.75 per tonne, down -30.6% (YTD: +55.9%)
GSCI Energy This Week | Sources: ϕpost, FactSet dataBrent, WTI 1-Month ATM Implied Volatilities | Sources: ϕpost, Refinitiv data

BASE METALS THIS WEEK

  • Copper (COMEX) currently at US$ 4.72 per pound, up 2.5% (YTD: +7.9%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 864.00 per tonne, up 3.5% (YTD: +24.1%)
  • Aluminum (Shanghai) currently at CNY 22,920 per tonne, up 3.0% (YTD: +11.6%)
  • Nickel (Shanghai) currently at CNY 218,520 per tonne, down -2.4% (YTD: +45.7%)
  • Lead (Shanghai) currently at CNY 15,235 per tonne, up 0.4% (YTD: -0.5%)
  • Rebar (Shanghai) currently at CNY 4,965 per tonne, up 0.9% (YTD: +8.2%)
  • Tin (Shanghai) currently at CNY 347,000 per tonne, down -2.8% (YTD: +12.9%)
  • Zinc (Shanghai) currently at CNY 25,310 per tonne, down -0.4% (YTD: +6.0%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 568,500 per tonne, down -0.9% (YTD: +16.7%)
  • Lithium (Shanghai) spot price currently at CNY 3,134,000 per tonne, up 3.3% (YTD: +134.8%)

GSCI Base Metals This Week | Sources: phipost.com, FactSet data

PRECIOUS METALS THIS WEEK

  • Gold spot currently at US$ 1,921.09 per troy ounce, down -3.4% (YTD: +5.9%)
  • Gold 1-Month ATM implied volatility currently at 18.45, down -15.8% (YTD: +44.8%)
  • Silver spot currently at US$ 24.96 per troy ounce, down -3.4% (YTD: +8.4%)
  • Silver 1-Month ATM implied volatility currently at 30.01, down -13.8% (YTD: +31.2%)
  • Palladium spot currently at US$ 2,487.21 per troy ounce, down -11.3% (YTD: +26.6%)
  • Platinum spot currently at US$ 1,023.56 per troy ounce, down -4.9% (YTD: +6.4%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 19,000 per troy ounce, up 2.7% (YTD: +34.8%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,100 per troy ounce, up 2.0% (YTD: +27.5%)

GSCI Precious Metals THis Week | Sources: phipost.com, FactSet data

AGS THIS WEEK

  • Live Cattle (CME) currently at US$ 140.50 cents per pound, up 2.3% (YTD: +1.0%)
  • Lean Hogs (CME) currently at US$ 99.40 cents per pound, down -3.2% (YTD: +20.2%)
  • Rough Rice (CBOT) currently at US$ 15.63 cents per hundredweight, up 0.7% (YTD: +7.2%)
  • Soybeans Composite (CBOT) currently at US$ 1,668.00 cents per bushel, down -1.3% (YTD: +25.6%)
  • Corn (CBOT) currently at US$ 741.75 cents per bushel, down -3.0% (YTD: +24.5%)
  • Wheat Composite (CBOT) currently at US$ 1,063.75 cents per bushel, down -2.4% (YTD: +36.4%)
  • Sugar No.11 (ICE US) currently at US$ 18.94 cents per pound, down -1.6% (YTD: +0.8%)
  • Cotton No.2 (ICE US) currently at US$ 126.86 cents per pound, up 4.8% (YTD: +10.9%)
  • Cocoa (ICE US) currently at US$ 2,536 per tonne, down -1.7% (YTD: -0.9%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 5,562 per tonne, down -3.9% (YTD: +1.0%)
  • Random Length Lumber (CME) currently at US$ 1,185.30 per 1,000 board feet, down -15.9% (YTD: +2.4%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,040 per tonne, down -2.3% (YTD: -3.7%)
  • Soybean Oil Composite (CBOT) currently at US$ 72.29 cents per pound, down -12.0% (YTD: +29.4%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 6,118 per tonne, down -17.0% (YTD: +18.8%)
GSCI Agriculture This Week | Sources: ϕpost, FactSet dataAgricultural Commodities 1-Month ATM Implied Volatilities | Sources: ϕpost, Refinitiv data

SHIPPING THIS WEEK

  • Baltic Dry Index (Baltic Exchange) currently at 2,588, down -4.3% (YTD: +16.6%)
  • Freightos China To North America West Coast Container Index currently at 15,908, down -3.0% (YTD: +16.1%)
  • Freightos North America West Coast To China Container Index currently at 1,004, down -1.3% (YTD: +14.7%)
  • Freightos North America East Coast To Europe Container Index currently at 648, down -4.3% (YTD: +20.0%)
  • Freightos Europe To North America East Coast Container Index currently at 6,775, down -1.6% (YTD: -4.6%)
  • Freightos China To North Europe Container Index currently at 12,564, down -5.4% (YTD: -11.6%)
  • Freightos North Europe To China Container Index currently at 922, down -2.2% (YTD: -18.4%)
  • Freightos Europe To South America West Coast Container Index currently at 8,190, up 0.2% (YTD: +4.9%)

Baltic Dry Index | Sources: phipost.com, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA front-month future (ICE) currently at EUR 78.89 per tonne, up 2.8% (YTD: -1.6%)

EUA Front-Month Futures Prices | Sources: phipost.com, Refinitiv data