Commodities

Mixed Day For Commodities

Base metals and crude oil rise, while livestock and lumber fall after a good run

Published ET

Sources: ϕpost, Factset data

Sources: ϕpost, Factset data


Twitter iconFacebook iconLinkedIn iconemail iconWhatsApp icon

NOTABLE GAINERS

  • Thermal Coal (Zhengzhou Commodity Exchange) up 3.6% (YTD: 3.6%)
  • Nickel (Shanghai) up 2.5% (YTD: 4.8%)
  • Tin (Shanghai) up 2.4% (YTD: 26.3%)
  • Brent Crude (ICE Europe) up 1.9% (YTD: 32.4%)
  • Crude Oil WTI Cushing up 1.9% (YTD: 34.4%)
  • Bonded Copper (Shanghai) up 1.7% (YTD: 25.1%)
  • Aluminium (Shanghai) up 1.7% (YTD: 19.5%)
  • Baltic Dry Index (Baltic Exchange) up 1.7% (YTD: 120.1%)

NOTABLE LOSERS

  • Freightos Baltic North America East Coast To China/East Asia 40 Container Index down 7.8% (YTD: +50.1%)
  • Pork Primal Cutout Butt down 7.5% (YTD: +39.3%)
  • Rare Earth Gadolinium Oxide Spot Price Daily down 4.8% (YTD: +11.0%)
  • Coking Coal (DCE) down 1.7% (YTD: +6.9%)
Sources: ϕpost, Factset dataSources: ϕpost, Factset data

ENERGY

  • WTI crude spot currently at US$ 64.95 per barrel, up 1.9% on the day (YTD: +34.4%); 6-month term structure in widening backwardation 
  • Brent crude spot currently at US$ 68.59 per barrel, up 0.7% on the day (YTD: +34.9%); 6-month term structure in widening backwardation
  • Brent volatility at 31.3, down -0.5% on the day (12-month range: 24.7 - 100.4)
  • Newcastle Coal (ICE Europe) currently at US$ 92.90 per tonne, unchanged (YTD: +15.4%)
  • Natural Gas (Henry Hub) currently at US$ 2.90 per MMBtu, down -0.5% on the day (YTD: +14.7%); 6-month term structure in widening backwardation 
  • Gasoline (NYMEX) currently at US$ 2.09 per gallon, up 1.3% on the day (YTD: +49.1%); 6-month term structure in widening backwardation 
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 544.00 per tonne, up 0.8% on the day (YTD: +29.2%); 6-month term structure in widening backwardation 
Sources: ϕpost, Factset dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.50 per pound, down -1.0% on the day (YTD: +27.9%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,239.00 per tonne, down -0.6% on the day (YTD: +15.8%)
  • Aluminium (Shanghai) currently at CNY 18,840 per tonne, up 1.7% on the day (YTD: +19.5%)
  • Nickel (Shanghai) currently at CNY 129,440 per tonne, up 2.5% on the day (YTD: +4.8%)
  • Lead (Shanghai) currently at CNY 15,145 per tonne, down -0.8% on the day (YTD: +3.6%)
  • Rebar (Shanghai) currently at CNY 5,357 per tonne, up 0.6% on the day (YTD: +27.1%)
  • Tin (Shanghai) currently at CNY 191,910 per tonne, up 2.4% on the day (YTD: +26.3%)
  • Zinc (Shanghai) currently at CNY 21,820 per tonne, up 0.7% on the day (YTD: +6.5%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 350,500 per tonne, unchanged (YTD: +27.9%)
  • Lithium (Shanghai) spot price currently at CNY 585,000 per tonne, unchanged on the day (YTD: +20.6%)
Sources: ϕpost, Factset dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,767.93 per troy ounce, up 1.3% on the day (YTD: -5.5%)
  • Gold 1-Month ATM implied volatility currently at 10.98, up 1.6% on the day (YTD: -17.6%)
  • Silver spot currently at US$ 25.90 per troy ounce, up 2.8% on the day (YTD: +0.6%)
  • Silver 1-Month ATM implied volatility currently at 24.95, down -0.7% on the day (YTD: -38.8%)
  • Palladium spot currently at US$ 2,946.94 per troy ounce, up 2.4% on the day (YTD: +17.4%)
  • Platinum spot currently at US$ 1,202.15 per troy ounce, up 0.6% on the day (YTD: +13.6%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 29,400 per troy ounce, down -1.7% on the day (YTD: +70.1%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +140.4%)
Sources: ϕpost, Factset dataSources: ϕpost, Refinitiv data

AGRICULTURE

  • Live Cattle (CME) currently at US$ 119.48 cents per pound, down -0.5% on the day (YTD: +6.0%)
  • Lean Hogs (CME) currently at US$ 108.73 cents per pound, up 1.8% on the day (YTD: +53.1%)
  • Rough Rice (CBOT) currently at US$ 13.37 cents per hundredweight, up 0.2% on the day (YTD: +3.8%)
  • Soybeans Composite (CBOT) currently at US$ 1,539.25 cents per bushel, up 3.3% on the day (YTD: +13.8%)
  • Corn (CBOT) currently at US$ 701.00 cents per bushel, up 5.7% on the day (YTD: +29.2%)
  • Wheat Composite (CBOT) currently at US$ 745.50 cents per bushel, up 3.2% on the day (YTD: +5.1%)
  • Sugar No.11 (ICE US) currently at US$ 17.08 cents per pound, up 4.0% on the day (YTD: +9.4%)
  • Cotton No.2 (ICE US) currently at US$ 85.89 cents per pound, up 1.9% on the day (YTD: +8.6%)
  • Cocoa (ICE US) currently at US$ 2,459 per tonne, down -1.6% on the day (YTD: -7.8%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,502 per tonne, down -0.4% on the day (YTD: +10.6%)
  • Random Length Lumber (CME) currently at US$ 1,454.30 per 1,000 board feet, down -2.6% on the day (YTD: +48.0%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,005 per tonne, up 2.6% on the day (YTD: +8.7%)
  • Soybean Oil Composite (CBOT) currently at US$ 66.92 cents per pound, up 7.0% on the day (YTD: +38.9%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,421 per tonne, up 3.9% on the day (YTD: +11.6%)
Sources: ϕpost, Factset dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 3,007, up 1.7% on the day (YTD: +120.1%)
  • Freightos China To North America West Coast Container Index currently at 4,854, unchanged (YTD: +25.3%)
  • Freightos North America West Coast To China Container Index currently at 765, down -2.9% on the day (YTD: +47.8%)
  • Freightos North America East Coast To Europe Container Index currently at 495, unchanged (YTD: +47.3%)
  • Freightos Europe To North America East Coast Container Index currently at 3,428, unchanged on the day (YTD: +78.2%)
  • Freightos China To North Europe Container Index currently at 7,748, up 0.2% on the day (YTD: +58.7%)
  • Freightos North Europe To China Container Index currently at 1,542, down -0.4% on the day (YTD: +12.1%)
  • Freightos Europe To South America West Coast Container Index currently at 3,018, unchanged (YTD: +78.4%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 47.70 per tonne, up 0.5% on the day (YTD: +49.5%)
Sources: ϕpost, Refinitiv data