Commodities
Industrial Metals Stay Strong As Crude, Nat Gas Fall Today
Silver speculators come back: option-implied volatility jumps as the precious metal remained above $28
Published ET

COKE FUTURE DALIAN COMMODITY EXCHANGE | Source: Refinitiv
NOTABLE GAINERS
- Freightos Baltic North America East Coast To China/East Asia 40 Container Index up 25.1% (YTD: 65.6%)
- Silver/US Dollar 1 Month ATM Option IV up 9.3% (YTD: -20.6%)
- SHFE Bitumen Continuation Month 1 up 8.0% (YTD: 37.6%)
- DCE Coke up 7.9% (YTD: -6.6%)
- DCE Coking Coal Continuation Month 1 up 5.9% (YTD: 25.6%)
- ICE-US Coffee up 4.7% (YTD: 18.4%)
- SHFE Zinc up 3.9% (YTD: 10.4%)
NOTABLE LOSERS
- EEX European-Carbon- Secondary Trading down -5.8% (YTD: 65.1%)
- ICE Europe EUA Yearly down -5.8% (YTD: 62.2%)
- CME Random Length Lumber down -4.7% (YTD: 44.8%)
- Shanghai International Exchange TSR 20 Rubber down -3.8% (YTD: 6.4%)
- NYMEX Henry Hub Natural Gas down -3.1% (YTD: 18.6%)
- Platinum down -1.7% (YTD: 14.1%)
- ICE-US Cocoa down -1.4% (YTD: -3.8%)
ENERGY
- WTI crude front month currently at US$ 65.01 per barrel, down -1.2% on the day (YTD: +35.0%); 6-month term structure in tightening backwardation
- Brent crude front month currently at US$ 68.25 per barrel, down -1.1% on the day (YTD: +32.6%); 6-month term structure in tightening backwardation
- Brent volatility at 31.7, down -1.1% on the day (12-month range: 24.7 - 68.9)
- Newcastle Coal (ICE Europe) currently at US$ 99.10 per tonne, up 0.8% on the day (YTD: +23.1%)
- Natural Gas (Henry Hub) currently at US$ 3.00 per MMBtu, down -3.1% on the day (YTD: +18.6%); 6-month term structure in tightening backwardation
- Gasoline (NYMEX) currently at US$ 2.15 per gallon, up 0.1% on the day (YTD: +53.4%); 6-month term structure in tightening backwardation
- Low Sulphur Gasoil (ICE Europe) currently at US$ 559.00 per tonne, up 0.4% on the day (YTD: +34.5%); 6-month term structure in widening backwardation
BASE METALS
- Copper (COMEX) currently at US$ 4.74 per pound, up 0.3% on the day (YTD: +34.8%)
- Iron Ore (Dalian Commodity Exchange) currently at CNY 1,320.00 per tonne, up 2.1% on the day (YTD: +19.0%)
- Aluminium (Shanghai) currently at CNY 19,595 per tonne, up 0.5% on the day (YTD: +25.9%)
- Nickel (Shanghai) currently at CNY 133,150 per tonne, up 2.0% on the day (YTD: +7.4%)
- Lead (Shanghai) currently at CNY 15,530 per tonne, up 1.8% on the day (YTD: +4.2%)
- Rebar (Shanghai) currently at CNY 5,454 per tonne, down -0.9% on the day (YTD: +31.0%)
- Tin (Shanghai) currently at CNY 200,330 per tonne, up 0.9% on the day (YTD: +32.1%)
- Zinc (Shanghai) currently at CNY 23,130 per tonne, up 3.9% on the day (YTD: +10.4%)
- Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged on the day (YTD: +26.5%)
- Lithium (Shanghai) spot price currently at CNY 615,000 per tonne, unchanged (YTD: +26.8%)
PRECIOUS METALS
- Gold spot currently at US$ 1,869.34 per troy ounce, up 0.1% on the day (YTD: -1.5%)
- Gold 1-Month ATM implied volatility currently at 13.55, up 2.3% on the day (YTD: -13.0%)
- Silver spot currently at US$ 28.15 per troy ounce, up 0.1% on the day (YTD: +6.8%)
- Silver 1-Month ATM implied volatility currently at 32.70, up 9.3% on the day (YTD: -20.6%)
- Palladium spot currently at US$ 2,908.72 per troy ounce, unchanged (YTD: +18.7%)
- Platinum spot currently at US$ 1,221.20 per troy ounce, down -1.7% on the day (YTD: +14.1%)
- Rhodium (Johnson Matthey, New York 09:30) currently at US$ 28,200 per troy ounce, down -0.7% on the day (YTD: +65.4%)
- Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +142.3%)
AGRO
- Live Cattle (CME) currently at US$ 116.75 cents per pound, up 1.2% on the day (YTD: +3.4%)
- Lean Hogs (CME) currently at US$ 110.65 cents per pound, up 1.8% on the day (YTD: +57.5%)
- Rough Rice (CBOT) currently at US$ 13.34 cents per hundredweight, down -0.8% on the day (YTD: +7.7%)
- Soybeans Composite (CBOT) currently at US$ 1,564.50 cents per bushel, down -0.8% on the day (YTD: +19.7%)
- Corn (CBOT) currently at US$ 654.00 cents per bushel, up 0.9% on the day (YTD: +36.0%)
- Wheat Composite (CBOT) currently at US$ 694.00 cents per bushel, down -0.3% on the day (YTD: +9.0%)
- Sugar No.11 (ICE US) currently at US$ 17.21 cents per pound, up 1.3% on the day (YTD: +11.1%)
- Cotton No.2 (ICE US) currently at US$ 84.01 cents per pound, up 2.1% on the day (YTD: +7.5%)
- Cocoa (ICE US) currently at US$ 2,504 per tonne, down -1.4% on the day (YTD: -3.8%)
- Coffee Arabica (Colombia Excelso) currently at EUR 3,488 per tonne, down -0.1% on the day (YTD: +10.2%)
- Random Length Lumber (CME) currently at US$ 1,264.00 per 1,000 board feet, down -4.7% on the day (YTD: +44.8%)
- TSR 20 Rubber (Shanghai) currently at CNY 10,600 per tonne, down -3.8% on the day (YTD: +6.4%)
- Soybean Oil Composite (CBOT) currently at US$ 68.11 cents per pound, down -0.4% on the day (YTD: +58.5%)
- Crude Palm Oil (Bursa Malaysia) currently at MYR 4,829 per tonne, up 3.0% on the day (YTD: +24.1%)
SHIPPING
- Baltic Dry Index (Baltic Exchange) currently at 2,856, down -2.8% on the day (YTD: +109.1%)
- Freightos China To North America West Coast Container Index currently at 5,835, unchanged (YTD: +38.9%)
- Freightos North America West Coast To China Container Index currently at 817, up 2.4% on the day (YTD: +57.7%)
- Freightos North America East Coast To Europe Container Index currently at 443, unchanged (YTD: +22.0%)
- Freightos Europe To North America East Coast Container Index currently at 4,275, up 0.4% on the day (YTD: +128.7%)
- Freightos China To North Europe Container Index currently at 8,805, up 2.8% on the day (YTD: +55.5%)
- 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%)
CARBON EMISSION ALLOWANCES (CO2)
- EUA futures front month (European Energy Exchange) currently at EUR 53.07 per tonne, down -5.8% on the day (YTD: +62.2%)