Commodities
Another Rough Day For Energy And Asian Base Metals, As Macro Data Releases Fail To Meet Expectations
Crude closed at the lows and nat gas fell as EIA storage data indicated an injection of +71 Bcf, above market estimates
Published ET

GSCI 1 Week TR | Sources: ϕpost, FactSet data
NOTABLE GAINERS
- EEX European-Carbon- Secondary Trading up 6.1% (YTD: 64.1%)
- ICE Europe CO2 EUA Yearly up 6.1% (YTD: 61.1%)
- Pork Primal Cutout Belly up 5.2% (YTD: 54.3%)
- Freightos Baltic China/East Asia To Mediterranean 40 Container Index up 4.8% (YTD: 70.5%)
- CME Random Length Lumber up 4.7% (YTD: 59.2%)
- DCE RBD Palm Oil up 3.2% (YTD: 26.0%)
- CBOE Crude Oil Volatility Index up 1.6% (YTD: 4.2%)
- CME Lean Hogs up 1.2% (YTD: 59.7%)
- Freightos Baltic China/East Asia To North Europe 40 Container Index up 1.1% (YTD: 59.7%)
NOTABLE LOSERS
- Freightos Baltic North America East Coast To China/East Asia 40 Container Index down -18.6% (YTD: 34.9%)
- Freightos Baltic North America West Coast To China/East Asia 40 Container Index down -7.9% (YTD: 45.3%)
- DCE Coke down -7.9% (YTD: -16.7%)
- DCE Iron Ore Continuation Month 1 down -6.4% (YTD: 12.3%)
- DCE Coking Coal down -6.2% (YTD: 14.3%)
- SHFE Rebar down -6.0% (YTD: 19.8%)
- Zhengzhou Exchange Thermal Coal down -5.1% (YTD: 8.6%)
- SHFE Hot Rolled Coil down -4.6% (YTD: 22.3%)
- Bursa Malaysia Crude Palm Oil down -4.4% (YTD: 14.7%)
- Silver/US Dollar 1 Month ATM Option down -4.3% (YTD: -24.5%)
- Gold/US Dollar 1 Month ATM Option down -4.0% (YTD: -11.6%)
- SHFE Nickel down -3.6% (YTD: 3.7%)
ENERGY
- WTI crude front month currently at US$ 62.22 per barrel, down -2.1% on the day (YTD: +27.9%); 6-month term structure in widening backwardation
- Brent crude front month currently at US$ 65.32 per barrel, down -2.3% on the day (YTD: +25.7%); 6-month term structure in tightening backwardation
- Brent volatility at 33.8, up 3.6% on the day (12-month range: 24.7 - 62.8)
- Newcastle Coal (ICE Europe) currently at US$ 99.75 per tonne, up 0.7% on the day (YTD: +23.9%)
- Natural Gas (Henry Hub) currently at US$ 2.96 per MMBtu, down -1.3% on the day (YTD: +15.2%); 6-month term structure in tightening backwardation
- Gasoline (NYMEX) currently at US$ 2.05 per gallon, down -2.6% on the day (YTD: +45.4%); 6-month term structure in tightening backwardation
- Low Sulphur Gasoil (ICE Europe) currently at US$ 538.00 per tonne, up 0.6% on the day (YTD: +29.9%); 6-month term structure in tightening backwardation
BASE METALS
- Copper (COMEX) currently at US$ 4.58 per pound, down -0.2% on the day (YTD: +30.4%)
- Iron Ore (Dalian Commodity Exchange) currently at CNY 1,218.50 per tonne, down -6.4% on the day (YTD: +12.3%)
- Aluminium (Shanghai) currently at CNY 18,700 per tonne, down -2.3% on the day (YTD: +21.5%)
- Nickel (Shanghai) currently at CNY 126,560 per tonne, down -3.6% on the day (YTD: +3.7%)
- Lead (Shanghai) currently at CNY 15,685 per tonne, down -0.6% on the day (YTD: +5.3%)
- Rebar (Shanghai) currently at CNY 5,127 per tonne, down -6.0% on the day (YTD: +19.8%)
- Tin (Shanghai) currently at CNY 194,340 per tonne, down -2.2% on the day (YTD: +29.6%)
- Zinc (Shanghai) currently at CNY 22,390 per tonne, down -3.1% on the day (YTD: +7.2%)
- 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%)
PRECIOUS METALS
- Gold spot currently at US$ 1,874.43 per troy ounce, up 0.4% on the day (YTD: -1.1%)
- Gold 1-Month ATM implied volatility currently at 13.81, down -4.0% on the day (YTD: -11.6%)
- Silver spot currently at US$ 27.75 per troy ounce, up 0.1% on the day (YTD: +5.2%)
- Silver 1-Month ATM implied volatility currently at 31.13, down -4.3% on the day (YTD: -24.5%)
- Palladium spot currently at US$ 2,862.05 per troy ounce, down -0.6% on the day (YTD: +16.7%)
- Platinum spot currently at US$ 1,199.65 per troy ounce, up 0.5% on the day (YTD: +11.9%)
- Rhodium (Johnson Matthey, New York 09:30) currently at US$ 27,750 per troy ounce, down -1.6% on the day (YTD: +62.8%)
- 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$ 116.60 cents per pound, down 0.3% on the day (YTD: +3.2%)
- Lean Hogs (CME) currently at US$ 112.25 cents per pound, up 1.2% on the day (YTD: +59.7%)
- Rough Rice (CBOT) currently at US$ 13.27 cents per hundredweight, down -0.6% on the day (YTD: +7.1%)
- Soybeans Composite (CBOT) currently at US$ 1,528.25 cents per bushel, down -0.3% on the day (YTD: +16.6%)
- Corn (CBOT) currently at US$ 662.50 cents per bushel, up 0.9% on the day (YTD: +37.3%)
- Wheat Composite (CBOT) currently at US$ 676.00 cents per bushel, down -0.6% on the day (YTD: +5.4%)
- Sugar No.11 (ICE US) currently at US$ 17.04 cents per pound, up 0.5% on the day (YTD: +10.0%)
- Cotton No.2 (ICE US) currently at US$ 81.53 cents per pound, down -1.7% on the day (YTD: +4.4%)
- Cocoa (ICE US) currently at US$ 2,444 per tonne, down -1.0% on the day (YTD: -6.1%)
- Coffee Arabica (Colombia Excelso) currently at EUR 3,628 per tonne, unchanged (YTD: +14.6%)
- Random Length Lumber (CME) currently at US$ 1,390.00 per 1,000 board feet, up 4.7% on the day (YTD: +59.2%)
- TSR 20 Rubber (Shanghai) currently at CNY 10,635 per tonne, down -0.4% on the day (YTD: +5.0%)
- Soybean Oil Composite (CBOT) currently at US$ 65.64 cents per pound, down -1.1% on the day (YTD: +51.8%)
- Crude Palm Oil (Bursa Malaysia) currently at MYR 4,464 per tonne, down -4.4% on the day (YTD: +14.7%)
SHIPPING
- Baltic Dry Index (Baltic Exchange) currently at 2,801, up 0.2% on the day (YTD: +105.1%)
- Freightos China To North America West Coast Container Index currently at 5,366, down -2.0% on the day (YTD: +27.8%)
- Freightos North America West Coast To China Container Index currently at 752, down -7.9% on the day (YTD: +45.3%)
- 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 4,274, unchanged (YTD: +128.7%)
- Freightos China To North Europe Container Index currently at 9,042, up 1.1% on the day (YTD: +59.7%)
- 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 52.70 per tonne, up 6.1% on the day (YTD: +61.1%)