Commodities

Iron Ore, Rebar, Zinc And Other Industrial Metals Keep Rising In Asia

The Colonial hack drove Gasoline up to $2.17 per gallon at the open on NYMEX , but it settled lower with news that the pipelines could be back online at the end of the week

Published ET

Sources: ϕpost, FactSet data

Sources: ϕpost, FactSet data


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NOTABLE GAINERS

  • Freightos Baltic Europe To North America East Coast 40 Container Index up 14.7% (YTD: 123.4%)
  • DCE Iron Ore up 8.2% (YTD: 27.2%)
  • Freightos Baltic Europe To South America East Coast 40 Container Index up 8.0% (YTD: 146.7%)
  • SGX Iron Ore 62% China CFR Swap Monthly up 7.0% (YTD: 41.6%)
  • Freightos Baltic China/East Asia To North America East Coast 40 Container Index up 6.1% (YTD: 41.4%)
  • Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) up 5.4% (YTD: 38.3%)
  • Zhengzhou Exchange Thermal Coal up 5.4% (YTD: 21.0%)
  • Freightos Baltic Mediterranean To China/East Asia 40 Container Index up 4.7% (YTD: 10.5%)
  • SHFE Copper up 3.6% (YTD: 32.7%)

NOTABLE LOSERS

  • Pork Loads Cuts down -29.4% (YTD: -19.5%)
  • SMM Rare Earth Yttrium Metal Spot Price Daily down -15.7% (YTD: 4.9%)
  • Freightos Baltic North America East Coast To China/East Asia 40 Container Index down -9.5% (YTD: 32.4%)
  • CME Random Length Lumber down -5.0% (YTD: 83.4%)
  • SMM Rare Earth Terbium Oxide Spot Price Daily down -5.0% (YTD: 4.1%)
Intraday GSCI Spot Index | Source: RefinitivSources: ϕpost, FactSet data

ENERGY

  • WTI crude front month currently at US$ 64.71 per barrel, unchanged on the day (YTD: +33.8%); 6-month term structure in tightening backwardation
  • Brent crude front month currently at US$ 68.08 per barrel, up 0.1% on the day (YTD: +31.9%); 6-month term structure in tightening backwardation
  • Brent volatility at 32.0, down -3.6% on the day (12-month range: 24.7 - 82.8)
  • Newcastle Coal (ICE Europe) currently at US$ 97.60 per tonne, up 1.5% on the day (YTD: +21.2%)
  • Natural Gas (Henry Hub) currently at US$ 2.91 per MMBtu, down -0.9% on the day (YTD: +15.5%); 6-month term structure in widening backwardation
  • Gasoline (NYMEX) currently at US$ 2.13 per gallon, up 0.3% on the day (YTD: +51.5%); 6-month term structure in widening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 554.00 per tonne, up 0.4% on the day (YTD: +31.3%); 6-month term structure in widening backwardation
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.73 per pound, down -0.7% on the day (YTD: +34.7%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,353.00 per tonne, up 8.2% on the day (YTD: +27.2%)
  • Aluminium (Shanghai) currently at CNY 19,735 per tonne, up 1.9% on the day (YTD: +28.4%)
  • Nickel (Shanghai) currently at CNY 130,190 per tonne, up 0.2% on the day (YTD: +7.5%)
  • Lead (Shanghai) currently at CNY 15,580 per tonne, up 0.7% on the day (YTD: +6.8%)
  • Rebar (Shanghai) currently at CNY 5,870 per tonne, up 3.4% on the day (YTD: +36.0%)
  • Tin (Shanghai) currently at CNY 191,920 per tonne, down -1.0% on the day (YTD: +29.9%)
  • Zinc (Shanghai) currently at CNY 22,250 per tonne, up 2.8% on the day (YTD: +9.5%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, down -1.1% on the day (YTD: +26.5%)
  • Lithium (Shanghai) spot price currently at CNY 595,000 per tonne, up 1.7% on the day (YTD: +22.7%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,832.30 per troy ounce, up 0.3% on the day (YTD: -3.3%)
  • Gold 1-Month ATM implied volatility currently at 13.40, up 5.1% on the day (YTD: -15.2%)
  • Silver spot currently at US$ 27.22 per troy ounce, down -0.5% on the day (YTD: +3.4%)
  • Silver 1-Month ATM implied volatility currently at 29.05, up 3.4% on the day (YTD: -29.4%)
  • Palladium spot currently at US$ 2,948.76 per troy ounce, up 1.1% on the day (YTD: +21.0%)
  • Platinum spot currently at US$ 1,242.91 per troy ounce, down -0.4% on the day (YTD: +16.7%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 27,700 per troy ounce, down -2.5% on the day (YTD: +62.5%)
  • 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

AGRO

  • Live Cattle (CME) currently at US$ 118.23 cents per pound, up 1.9% on the day (YTD: +4.7%)
  • Lean Hogs (CME) currently at US$ 111.90 cents per pound, down -0.1% on the day (YTD: +59.2%)
  • Rough Rice (CBOT) currently at US$ 13.88 cents per hundredweight, down -2.2% on the day (YTD: +11.9%)
  • Soybeans Composite (CBOT) currently at US$ 1,620.00 cents per bushel, down -0.1% on the day (YTD: +23.2%)
  • Corn (CBOT) currently at US$ 748.00 cents per bushel, down -3.2% on the day (YTD: +54.5%)
  • Wheat Composite (CBOT) currently at US$ 742.75 cents per bushel, down -4.0% on the day (YTD: +15.9%)
  • Sugar No.11 (ICE US) currently at US$ 17.49 cents per pound, unchanged (YTD: +12.9%)
  • Cotton No.2 (ICE US) currently at US$ 88.47 cents per pound, down -1.3% on the day (YTD: +13.2%)
  • Cocoa (ICE US) currently at US$ 2,473 per tonne, up 2.1% on the day (YTD: -5.0%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,637 per tonne, down -0.6% on the day (YTD: +14.9%)
  • Random Length Lumber (CME) currently at US$ 1,601.00 per 1,000 board feet, down -5.0% on the day (YTD: +83.4%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,270 per tonne, up 0.3% on the day (YTD: +13.1%)
  • Soybean Oil Composite (CBOT) currently at US$ 66.10 cents per pound, down -0.4% on the day (YTD: +52.6%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,860 per tonne, down -0.5% on the day (YTD: +24.9%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 3,183, down -0.9% on the day (YTD: +133.0%)
  • Freightos China To North America West Coast Container Index currently at 5,109, down -0.7% on the day (YTD: +31.9%)
  • Freightos North America West Coast To China Container Index currently at 825, up 1.6% on the day (YTD: +59.3%)
  • 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 4,299, up 14.7% on the day (YTD: +123.4%)
  • Freightos China To North Europe Container Index currently at 8,247, unchanged (YTD: +68.9%)
  • Freightos North Europe To China Container Index currently at 1,767, up 0.8% on the day (YTD: +28.5%)
  • Freightos Europe To South America West Coast Container Index currently at 3,046, up 0.1% on the day (YTD: +80.1%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 52.22 per tonne, up 3.5% on the day (YTD: +59.6%)
Sources: ϕpost, Refinitiv data