Commodities

A Good Week For Commodities, With The Exception Of Precious Metals

The S&P GSCI Index ends the week with a modest loss for a weekly gain of over 2%

Published ET

Sources: ϕpost, FactSet data

Sources: ϕpost, FactSet data


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NOTABLE DAILY GAINERS

  • Pork Primal Cutout Butt up 10.1% (YTD: +53.4%)
  • Corn (CBoT) up 5.4% (YTD: +52.9%)
  • Soybean Oil (CBoT) up 3.7% (YTD: +58.0%)
  • Thermal Coal (Zhengzhou Commodity Exchange) up 3.4% (YTD: +7.2%)
  • Random Length Lumber (CME) up 3.2% (YTD: +71.9%)

NOTABLE DAILY LOSERS

  • Cocoa Futures (ICE-US) down -4.8% (YTD: -10.0%)
  • Live Cattle (CME) down -2.9% (YTD: +2.7%)
  • Crude Oil WTI Cushing US FOB down -2.3% (YTD: +31.3%)
  • NY Harbor Gasoil (NYMEX) down -2.1% (YTD: +30.1%)
  • Brent Crude (ICE Europe) down -1.9% (YTD: +29.8%)
  • Coke (DCE) down -1.8% (YTD: -14.2%)
  • Low Sulphur Gasoil (ICE Europe) down -1.8% (YTD: +26.9%)
  • RBOB Gasoline (NYMEX) down -1.4% (YTD: +47.0%)
Sources: ϕpost, FactSet dataSources: ϕpost, FactSet data

ENERGY

  • WTI crude spot currently at US$ 63.45 per barrel, down -2.3% on the day (YTD: +31.3%); 6-month term structure in tightening backwardation 
  • Brent crude spot currently at US$ 68.33 per barrel, down -0.4% on the day (YTD: +34.3%); 6-month term structure in tightening backwardation 
  • Brent volatility at 33.6, up 5.0% on the day (12-month range: 24.7 - 100.4)
  • Newcastle Coal (ICE Europe) currently at US$ 91.60 per tonne, up 0.4% on the day (YTD: +15.9%)
  • Natural Gas (Henry Hub) currently at US$ 2.93 per MMBtu, up 0.7% on the day (YTD: +15.4%); 6-month term structure in tightening backwardation 
  • Gasoline (NYMEX) currently at US$ 2.08 per gallon, down -1.4% on the day (YTD: +47.0%); 6-month term structure in widening backwardation 
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 533.75 per tonne, down -1.8% on the day (YTD: +26.9%); 6-month term structure in tightening backwardation 
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.47 per pound, down -0.3% on the day (YTD: +27.5%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,235.00 per tonne, down -1.2% on the day (YTD: +14.5%)
  • Aluminium (Shanghai) currently at CNY 18,860 per tonne, up 0.6% on the day (YTD: +20.2%)
  • Nickel (Shanghai) currently at CNY 129,850 per tonne, up 0.1% on the day (YTD: +4.9%)
  • Lead (Shanghai) currently at CNY 15,095 per tonne, down -0.9% on the day (YTD: +2.7%)
  • Rebar (Shanghai) currently at CNY 5,362 per tonne, unchanged (YTD: +27.1%)
  • Tin (Shanghai) currently at CNY 191,910 per tonne, up 1.0% on the day (YTD: +27.6%)
  • Zinc (Shanghai) currently at CNY 21,910 per tonne, down -1.4% on the day (YTD: +5.0%)
  • 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 (YTD: +20.6%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,768.38 per troy ounce, down -0.2% on the day (YTD: -6.8%)
  • Gold 1-Month ATM implied volatility currently at 10.95, down -0.1% on the day (YTD: -29.3%)
  • Silver spot currently at US$ 25.90 per troy ounce, down -0.7% on the day (YTD: -1.8%)
  • Silver 1-Month ATM implied volatility currently at 24.98, up 0.1% on the day (YTD: -38.9%)
  • Palladium spot currently at US$ 2,935.54 per troy ounce, down -0.7% on the day (YTD: +20.0%)
  • Platinum spot currently at US$ 1,199.75 per troy ounce, up 0.1% on the day (YTD: +12.3%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 29,500 per troy ounce, up 0.3% on the day (YTD: +73.0%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +142.3%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

AGRICULTURE

  • Live Cattle (CME) currently at US$ 116.58 cents per pound, down -2.9% on the day (YTD: +2.7%)
  • Lean Hogs (CME) currently at US$ 110.13 cents per pound, up 1.3% on the day (YTD: +56.7%)
  • Rough Rice (CBOT) currently at US$ 13.39 cents per hundredweight, up 0.1% on the day (YTD: +7.9%)
  • Soybeans Composite (CBOT) currently at US$ 1,571.00 cents per bushel, up 1.8% on the day (YTD: +19.4%)
  • Corn (CBOT) currently at US$ 740.00 cents per bushel, up 5.4% on the day (YTD: +52.9%)
  • Wheat Composite (CBOT) currently at US$ 742.50 cents per bushel, up 0.7% on the day (YTD: +15.9%)
  • Sugar No.11 (ICE US) currently at US$ 17.06 cents per pound, up 2.1% on the day (YTD: +12.6%)
  • Cotton No.2 (ICE US) currently at US$ 87.51 cents per pound, up 1.8% on the day (YTD: +11.9%)
  • Cocoa (ICE US) currently at US$ 2,324 per tonne, down -4.8% on the day (YTD: -10.0%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,477 per tonne, down -0.7% on the day (YTD: +9.9%)
  • Random Length Lumber (CME) currently at US$ 1,500.50 per 1,000 board feet, up 3.2% on the day (YTD: +71.9%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,015 per tonne, down -0.2% on the day (YTD: +10.2%)
  • Soybean Oil Composite (CBOT) currently at US$ 68.46 cents per pound, up 3.7% on the day (YTD: +58.0%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,408 per tonne, down -0.3% on the day (YTD: +13.3%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 3,053, up 1.5% on the day (YTD: +123.5%)
  • 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, unchanged (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 3,430, unchanged (YTD: +78.3%)
  • Freightos China To North Europe Container Index currently at 7,765, up 0.2% on the day (YTD: +59.1%)
  • Freightos North Europe To China Container Index currently at 1,542, down 0.0% on the day (YTD: +12.1%) Freightos Europe To South America West Coast Container Index currently at 3,018, unchanged (YTD: +78.4%)

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 47.92 per tonne, up 1.7% on the day (YTD: +52.1%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data