Commodities

Commodities Up Broadly On Monday, Led By Shipping, Asian Base Metals And Agriculture

Carbon emission allowances keep rising, now up 62% year-to-date

Published ET

A terrible decade for commodities despite the recent rise | Sources: ϕpost, Refinitiv data

A terrible decade for commodities despite the recent rise | Sources: ϕpost, Refinitiv data


Twitter iconFacebook iconLinkedIn iconemail iconWhatsApp icon

TOP GAINERS

  • Freightos Baltic China/East Asia To North America West Coast 40 Container Index up 10.7% (YTD: 45.9%)
  • Freightos Baltic China/East Asia To North America East Coast 40 Container Index up 7.8% (YTD: 52.4%)
  • SHFE Hot Rolled Coil up 5.4% (YTD: 42.0%)
  • SHFE Rebar up 4.1% (YTD: 41.6%)
  • ICE-US Sugar No. 11 up 3.5% (YTD: 16.8%)
  • Freightos Baltic Global Index up 3.4% (YTD: 58.7%)
  • WUXI Metal Cobalt Bi-Monthly up 3.0% (YTD: 25.0%)
  • CBoT Wheat up 2.3% (YTD: 18.6%)

NOTABLE LOSERS

  • SMM Rare Earth Yttrium Oxide Spot Price Daily down -12.7% (YTD: 51.2%)
  • SMM Rare Earth Dysprosium Metal Spot Price Daily down -5.8% (YTD: 32.1%)
  • SMM Rare Earth Neodymium Metal Spot Price Daily down -5.8% (YTD: 5.2%)
  • SMM Erbium Oxide Spot Price Daily down -4.6% (YTD: 24.3%)
  • Silver/US Dollar 1 Month ATM Option Volatility down -3.7% (YTD: -32.0%)
  • DCE Coke down -3.6% (YTD: -9.1%)
  • Gold/US Dollar 1 Month ATM Option Volatility down -2.8% (YTD: -17.6%)
Sources: ϕpost, FactSet dataSources: ϕpost, FactSet data

ENERGY

  • WTI crude front month currently at US$ 65.26 per barrel, up 0.6% on the day (YTD: +34.5%); 6-month term structure in tightening backwardation
  • Brent crude front month currently at US$ 68.48 per barrel, up 0.3% on the day (YTD: +32.3%); 6-month term structure in tightening backwardation
  • Brent volatility at 32.6, up 1.6% on the day (12-month range: 24.7 - 81.5)
  • Newcastle Coal (ICE Europe) currently at US$ 98.70 per tonne, up 1.1% on the day (YTD: +22.6%)
  • Natural Gas (Henry Hub) currently at US$ 2.94 per MMBtu, up 0.8% on the day (YTD: +16.4%); 6-month term structure in widening backwardation
  • Gasoline (NYMEX) currently at US$ 2.13 per gallon, up 0.3% on the day (YTD: +51.9%); 6-month term structure in tightening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 559.25 per tonne, up 0.7% on the day (YTD: +32.2%); 6-month term structure in widening backwardation
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.79 per pound, up 1.0% on the day (YTD: +36.0%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,370.00 per tonne, down -0.5% on the day (YTD: +26.5%)
  • Aluminium (Shanghai) currently at CNY 19,985 per tonne, down -0.8% on the day (YTD: +27.3%)
  • Nickel (Shanghai) currently at CNY 131,840 per tonne, down -1.6% on the day (YTD: +5.8%)
  • Lead (Shanghai) currently at CNY 15,465 per tonne, down -0.7% on the day (YTD: +6.0%)
  • Rebar (Shanghai) currently at CNY 5,905 per tonne, up 4.1% on the day (YTD: +41.6%)
  • Tin (Shanghai) currently at CNY 195,900 per tonne, down -1.2% on the day (YTD: +28.3%)
  • Zinc (Shanghai) currently at CNY 22,390 per tonne, down -1.8% on the day (YTD: +7.5%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged (YTD: +26.5%)
  • Lithium (Shanghai) spot price currently at CNY 605,000 per tonne, up 1.7% on the day (YTD: +24.7%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,828.33 per troy ounce, up 0.1% on the day (YTD: -3.2%)
  • Gold 1-Month ATM implied volatility currently at 12.83, down -2.8% on the day (YTD: -17.6%)
  • Silver spot currently at US$ 27.31 per troy ounce, up 1.2% on the day (YTD: +4.7%)
  • Silver 1-Month ATM implied volatility currently at 28.25, down -3.7% on the day (YTD: -32.0%)
  • Palladium spot currently at US$ 2,942.53 per troy ounce, down -0.8% on the day (YTD: +20.1%)
  • Platinum spot currently at US$ 1,227.12 per troy ounce, down -0.9% on the day (YTD: +15.7%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 27,700 per troy ounce, unchanged (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$ 118.63 cents per pound, up 0.3% on the day (YTD: +5.0%)
  • Lean Hogs (CME) currently at US$ 111.48 cents per pound, down -0.4% on the day (YTD: +58.6%)
  • Rough Rice (CBOT) currently at US$ 13.74 cents per hundredweight, down -1.0% on the day (YTD: +10.8%)
  • Soybeans Composite (CBOT) currently at US$ 1,637.50 cents per bushel, up 1.1% on the day (YTD: +24.5%)
  • Corn (CBOT) currently at US$ 764.25 cents per bushel, up 1.5% on the day (YTD: +56.9%)
  • Wheat Composite (CBOT) currently at US$ 759.75 cents per bushel, up 2.3% on the day (YTD: +18.6%)
  • Sugar No.11 (ICE US) currently at US$ 18.10 cents per pound, up 3.5% on the day (YTD: +16.8%)
  • Cotton No.2 (ICE US) currently at US$ 88.29 cents per pound, down -0.8% on the day (YTD: +12.3%)
  • Cocoa (ICE US) currently at US$ 2,425 per tonne, down -1.9% on the day (YTD: -6.8%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,551 per tonne, down -2.4% on the day (YTD: +12.2%)
  • Random Length Lumber (CME) currently at US$ 1,629.80 per 1,000 board feet, up 1.8% on the day (YTD: +86.7%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,155 per tonne, down -1.4% on the day (YTD: +11.5%)
  • Soybean Oil Composite (CBOT) currently at US$ 72.32 cents per pound, up 1.5% on the day (YTD: +54.8%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,851 per tonne, down -1.5% on the day (YTD: +23.1%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 3,254, up 0.4% on the day (YTD: +138.2%)
  • Freightos China To North America West Coast Container Index currently at 5,654, up 10.7% on the day (YTD: +45.9%)
  • Freightos North America West Coast To China Container Index currently at 825, unchanged (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, unchanged (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 1,737, down -1.7% on the day (YTD: +26.3%)
  • Freightos Europe To South America West Coast Container Index currently at 3,045, unchanged (YTD: +80.0%)

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 53.04 per tonne, up 1.6% on the day (YTD: +62.1%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data