Commodities

Precious Metals Shine, Silver Breaks Above $28 For The First Time Since February

Lumber, one of the hottest commodities this year, was down 15% today, and has now lost over 22% in the last 10 days

Published ET

Sources: ϕpost, FactSet data

Sources: ϕpost, FactSet data


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NOTABLE GAINERS

  • Silver/US Dollar 1 Month ATM Option volatility up 6.9% (YTD: -27.4%)
  • Freightos Baltic China/East Asia To North America East Coast 40 Container Index up 6.1% (YTD: 46.0%)
  • NYMEX Henry Hub Natural Gas up 5.0% (YTD: 22.4%)
  • Gold/US Dollar 1 Month ATM Option volatility up 5.0% (YTD: -15.0%)
  • DCE Coking Coal up 4.6% (YTD: 18.6%)
  • Freightos Baltic China/East Asia To North America West Coast 40 Container Index up 3.3% (YTD: 38.9%)
  • SHFE Stannum (Tin) up 2.8% (YTD: 30.9%)
  • Pork Primal Cutout Sparerib up 2.7% (YTD: 96.3%)

NOTABLE LOSERS

  • CME Random Length Lumber down -15.3% (YTD: 52.0%)
  • Freightos Baltic North America East Coast To Europe 40 Container Index down -7.4% (YTD: 22.0%)
  • SMM Rare Earth Carbonate Domestic Spot Price Daily down -6.5% (YTD: 27.5%)
  • SHFE Hot Rolled Coil down -4.8% (YTD: 32.6%)
  • CBoT Corn down -4.7% (YTD: 34.8%)
  • CBoT Wheat down -3.8% (YTD: 9.3%)
  • Pork Primal Cutout Picnic down -2.7% (YTD: 49.7%)
Sources: ϕpost, FactSet dataNatural Gas Front Future Contract | Source: Refinitiv

ENERGY

  • WTI crude front month currently at US$ 66.44 per barrel, up 1.4% on the day (YTD: +36.6%); 6-month term structure in widening backwardation
  • Brent crude front month currently at US$ 69.64 per barrel, up 1.1% on the day (YTD: +34.1%); 6-month term structure in widening backwardation
  • Brent volatility at 32.1, down -7.0% on the day (12-month range: 24.7 - 74.7)
  • Newcastle Coal (ICE Europe) currently at US$ 98.35 per tonne, down -0.7% on the day (YTD: +22.2%)
  • Natural Gas (Henry Hub) currently at US$ 3.12 per MMBtu, up 5.0% on the day (YTD: +22.4%); 6-month term structure in widening backwardation
  • Gasoline (NYMEX) currently at US$ 2.16 per gallon, up 1.5% on the day (YTD: +53.2%); 6-month term structure in widening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 566.00 per tonne, up 1.1% on the day (YTD: +33.9%); 6-month term structure in widening backwardation
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.72 per pound, up 1.2% on the day (YTD: +34.4%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,285.00 per tonne, up 1.7% on the day (YTD: +16.6%)
  • Aluminium (Shanghai) currently at CNY 19,820 per tonne, up 0.4% on the day (YTD: +25.2%)
  • Nickel (Shanghai) currently at CNY 132,950 per tonne, up 1.2% on the day (YTD: +5.3%)
  • Lead (Shanghai) currently at CNY 15,310 per tonne, down -0.5% on the day (YTD: +2.4%)
  • Rebar (Shanghai) currently at CNY 5,532 per tonne, down -0.3% on the day (YTD: +32.2%)
  • Tin (Shanghai) currently at CNY 199,610 per tonne, up 2.8% on the day (YTD: +30.9%)
  • Zinc (Shanghai) currently at CNY 22,915 per tonne, up 0.9% on the day (YTD: +6.3%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged (YTD: +26.5%)
  • Lithium (Shanghai) spot price currently at CNY 615,000 per tonne, unchanged (YTD: +26.8%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,868.25 per troy ounce, up 1.3% on the day (YTD: -1.6%)
  • Gold 1-Month ATM implied volatility currently at 13.39, up 5.0% on the day (YTD: -15.0%)
  • Silver spot currently at US$ 28.25 per troy ounce, up 2.7% on the day (YTD: +6.7%)
  • Silver 1-Month ATM implied volatility currently at 29.87, up 6.9% on the day (YTD: -27.4%)
  • Palladium spot currently at US$ 2,909.28 per troy ounce, up 0.4% on the day (YTD: +18.7%)
  • Platinum spot currently at US$ 1,242.65 per troy ounce, up 1.2% on the day (YTD: +16.1%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 28,400 per troy ounce, unchanged (YTD: +66.6%)
  • 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$ 115.35 cents per pound, unchanged (YTD: +2.1%)
  • Lean Hogs (CME) currently at US$ 108.65 cents per pound, down -2.2% on the day (YTD: +54.6%)
  • Rough Rice (CBOT) currently at US$ 13.46 cents per hundredweight, up 0.9% on the day (YTD: +8.5%)
  • Soybeans Composite (CBOT) currently at US$ 1,596.75 cents per bushel, down -1.0% on the day (YTD: +20.7%)
  • Corn (CBOT) currently at US$ 661.75 cents per bushel, down -4.7% on the day (YTD: +34.8%)
  • Wheat Composite (CBOT) currently at US$ 706.00 cents per bushel, down -3.8% on the day (YTD: +9.3%)
  • Sugar No.11 (ICE US) currently at US$ 16.99 cents per pound, up 0.2% on the day (YTD: +9.7%)
  • Cotton No.2 (ICE US) currently at US$ 82.56 cents per pound, down -0.1% on the day (YTD: +5.4%)
  • Cocoa (ICE US) currently at US$ 2,539 per tonne, up 2.6% on the day (YTD: -2.5%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,492 per tonne, down -0.9% on the day (YTD: +10.3%)
  • Random Length Lumber (CME) currently at US$ 1,327.00 per 1,000 board feet, down -15.3% on the day (YTD: +52.0%)
  • TSR 20 Rubber (Shanghai) currently at CNY 10,670 per tonne, down -0.3% on the day (YTD: +10.6%)
  • Soybean Oil Composite (CBOT) currently at US$ 69.37 cents per pound, up 0.8% on the day (YTD: +59.2%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,687 per tonne, down -2.4% on the day (YTD: +20.5%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 2,939, down -4.5% on the day (YTD: +115.2%)
  • Freightos China To North America West Coast Container Index currently at 5,835, up 3.3% on the day (YTD: +38.9%)
  • Freightos North America West Coast To China Container Index currently at 798, unchanged (YTD: +54.1%)
  • Freightos North America East Coast To Europe Container Index currently at 443, down -7.4% on the day (YTD: +22.0%)
  • Freightos Europe To North America East Coast Container Index currently at 4,257, down -1.0% on the day (YTD: +127.8%)
  • Freightos China To North Europe Container Index currently at 8,565, up 2.6% on the day (YTD: +51.3%)
  • Freightos North Europe To China Container Index currently at 1,753, unchanged (YTD: +27.5%)
  • Freightos Europe To South America West Coast Container Index currently at 3,054, unchanged (YTD: +80.5%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 56.34 per tonne, down -0.5% on the day (YTD: +72.2%)
Sources: ϕpost, Refinitiv data