Commodities

A Mixed Day For Commodities, With Energy Leading And Precious Metals Lagging

CO2 emission permits flying ever higher, now up 69% year to date at € 55.3 per tonne

Published ET

Sources: ϕpost, FactSet data

Sources: ϕpost, FactSet data


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NOTABLE GAINERS

  • Pork Primal Cutout Picnic up 8.1% (YTD: 59.3%)
  • SMM Rare Earth Yttrium Metal Spot Price Daily up 4.7% (YTD: 9.8%)
  • ICE Europe EUA CO2 up 4.3% (YTD: 69.1%)
  • EEX European CO2 Secondary Trading up 4.3% (YTD: 72.1%)
  • Pork Primal Cutout Sparerib up 3.0% (YTD: 85.4%)
  • SHFE Hot Rolled Coil up 2.9% (YTD: 46.1%)
  • CBoT Soybean Oil up 2.4% (YTD: 58.5%)

NOTABLE LOSERS

  • Zhengzhou Exchange Thermal Coal down -4.9% (YTD: 14.8%)
  • SMM Rare Earth Terbium Oxide Spot Price Daily down -4.0% (YTD: 0.0%)
  • Freightos Baltic North America East Coast To Europe 40 Container Index down -3.4% (YTD: 42.2%)
  • SMM Rare Earth Terbium Metal Spot Price Daily down -3.1% (YTD: 1.4%)
  • Palladium spot down -2.7% (YTD: 16.8%)
  • CBOE Crude Oil Volatility Index down -2.6% (YTD: -2.4%)
  • Silver spot down -2.2% (YTD: 2.3%)
  • Platinum spot down -2.1% (YTD: 13.3%)

ENERGY

  • WTI crude front month currently at US$ 65.70 per barrel, up 1.2% on the day (YTD: +36.2%); 6-month term structure in widening backwardation
  • Brent crude front month currently at US$ 69.32 per barrel, up 1.1% on the day (YTD: +33.8%); 6-month term structure in widening 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$ 100.00 per tonne, up 1.3% on the day (YTD: +24.2%)
  • Natural Gas (Henry Hub) currently at US$ 2.98 per MMBtu, up 0.5% on the day (YTD: +16.9%); 6-month term structure in widening backwardation
  • Gasoline (NYMEX) currently at US$ 2.14 per gallon, up 1.0% on the day (YTD: +53.4%); 6-month term structure in tightening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 569.00 per tonne, unchanged (YTD: +32.2%); 6-month term structure in widening backwardation
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.75 per pound, down -0.5% on the day (YTD: +35.2%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,387.00 per tonne, up 0.6% on the day (YTD: +27.3%)
  • Aluminium (Shanghai) currently at CNY 19,700 per tonne, down -0.2% on the day (YTD: +27.1%)
  • Nickel (Shanghai) currently at CNY 130,520 per tonne, up 0.9% on the day (YTD: +6.7%)
  • Lead (Shanghai) currently at CNY 15,400 per tonne, down -0.5% on the day (YTD: +5.5%)
  • Rebar (Shanghai) currently at CNY 6,027 per tonne, down -0.5% on the day (YTD: +40.9%)
  • Tin (Shanghai) currently at CNY 195,200 per tonne, up 1.1% on the day (YTD: +29.8%)
  • Zinc (Shanghai) currently at CNY 22,120 per tonne, down -0.2% on the day (YTD: +7.3%)
  • 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, unchanged (YTD: +24.7%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,816.97 per troy ounce, down -1.2% on the day (YTD: -4.3%)
  • Gold 1-Month ATM implied volatility currently at 12.75, down -0.7% on the day (YTD: -18.2%)
  • Silver spot currently at US$ 27.09 per troy ounce, down -2.2% on the day (YTD: +2.3%)
  • Silver 1-Month ATM implied volatility currently at 28.30, up 1.3% on the day (YTD: -31.1%)
  • Palladium spot currently at US$ 2,868.24 per troy ounce, down -2.7% on the day (YTD: +16.8%)
  • Platinum spot currently at US$ 1,213.57 per troy ounce, down -2.1% on the day (YTD: +13.3%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 28,300 per troy ounce, up 2.2% on the day (YTD: +66.0%)
  • 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

AGRO

  • Live Cattle (CME) currently at US$ 118.60 cents per pound, unchanged (YTD: +5.0%)
  • Lean Hogs (CME) currently at US$ 111.80 cents per pound, up 0.3% on the day (YTD: +59.1%)
  • Rough Rice (CBOT) currently at US$ 13.73 cents per hundredweight, down -0.1% on the day (YTD: +10.7%)
  • Soybeans Composite (CBOT) currently at US$ 1,660.50 cents per bushel, up 1.4% on the day (YTD: +26.2%)
  • Corn (CBOT) currently at US$ 757.50 cents per bushel, down -0.3% on the day (YTD: +56.5%)
  • Wheat Composite (CBOT) currently at US$ 754.75 cents per bushel, down -0.7% on the day (YTD: +17.8%)
  • Sugar No.11 (ICE US) currently at US$ 17.84 cents per pound, down -1.4% on the day (YTD: +15.2%)
  • Cotton No.2 (ICE US) currently at US$ 88.23 cents per pound, up 0.5% on the day (YTD: +12.9%)
  • Cocoa (ICE US) currently at US$ 2,476 per tonne, up 2.1% on the day (YTD: -4.9%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,587 per tonne, up 1.0% on the day (YTD: +13.3%)
  • Random Length Lumber (CME) currently at US$ 1,610.00 per 1,000 board feet, down -1.2% on the day (YTD: +84.4%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,195 per tonne, up 0.4% on the day (YTD: +12.0%)
  • Soybean Oil Composite (CBOT) currently at US$ 68.66 cents per pound, up 2.4% on the day (YTD: +58.5%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,800 per tonne, up 0.3% on the day (YTD: +23.4%)
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 5,650, down -0.1% on the day (YTD: +45.8%)
  • Freightos North America West Coast To China Container Index currently at 821, down -0.5% on the day (YTD: +58.5%)
  • Freightos North America East Coast To Europe Container Index currently at 478, down -3.4% on the day (YTD: +42.2%)
  • 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 8,331, up 1.0% on the day (YTD: +70.6%)
  • Freightos North Europe To China Container Index currently at 1,737, unchanged (YTD: +26.3%)
  • Freightos Europe To South America West Coast Container Index currently at 3,065, up 0.7% on the day (YTD: +81.2%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 55.32 per tonne, up 4.3% on the day (YTD: +69.1%)
Sources: ϕpost, Refinitiv data