Commodities
Base Metals Down In Shanghai On Government Crackdown
Iran and IAEA agree on one-month extension, but energy markets have doubts about a meaningful increase in Iranian crude supply
Published ET
Iridium prices have had ups and downs in the past 30 years but nothing like now | Source: Refinitiv
NOTABLE GAINERS
- Freightos Baltic North America East Coast To Europe 40 Container Index up 12.7% (YTD: 38.7%)
- SMM Rare Earth Terbium Oxide Spot Price Daily up 6.1% (YTD: -10.7%)
- NYMEX Light Sweet Crude Oil (WTI) up 3.9% (YTD: 36.1%)
- SMM Rare Earth Terbium Metal Spot Price Daily up 3.2% (YTD: -11.2%)
- Freightos Baltic China/East Asia To Mediterranean 40 Container Index up 3.2% (YTD: 75.9%)
- ICE Europe Brent Crude up 3.0% (YTD: 32.2%)
- SMM Rare Earth Dysprosium Iron Alloy Spot Price Daily up 3.0% (YTD: 24.2%)
- NYMEX NY Harbor ULSD up 2.7% (YTD: 38.3%)
- NYMEX RBOB Gasoline up 2.4% (YTD: 50.4%)
- SMM Rare Earth Dysprosium Oxide Spot Price Daily up 2.4% (YTD: 23.5%)
NOTABLE LOSERS
- CBOE Crude Oil Volatility Index down -9.7% (YTD: -6.1%)
- Johnson Matthey Rhodium New York 0930 down -6.4% (YTD: 49.6%)
- DCE Iron Ore Continuation Month 1 down -4.1% (YTD: 7.6%)
- Bursa Malaysia Crude Palm Oil down -3.6% (YTD: 8.8%)
- DCE RBD Palm Oil down -3.4% (YTD: 19.0%)
- SHFE Rebar down -3.0% (YTD: 17.5%)
- SHFE Hot Rolled Coil down -2.8% (YTD: 20.3%)
- ICE-US Cocoa down -2.7% (YTD: -8.2%)
- Gold/US Dollar 1 Month ATM Option down -2.3% (YTD: -15.2%)
- Palladium Spot down -2.0% (YTD: 11.5%)
- SHFE Aluminium down -1.8% (YTD: 17.5%)
- CBoT Wheat down -1.8% (YTD: 3.4%)
ENERGY
- WTI crude front month currently at US$ 66.04 per barrel, up 3.9% on the day (YTD: +36.1%); 6-month term structure in widening backwardation
- Brent crude front month currently at US$ 68.46 per barrel, up 3.0% on the day (YTD: +32.2%); 6-month term structure in widening backwardation
- Brent volatility at 31.6, down -8.7% on the day (12-month range: 24.7 - 62.8)
- Newcastle Coal (ICE Europe) currently at US$ 103.25 per tonne, up 2.2% on the day (YTD: +28.3%)
- Natural Gas (Henry Hub) currently at US$ 2.89 per MMBtu, down -0.7% on the day (YTD: +13.7%)
- Gasoline (NYMEX) currently at US$ 2.12 per gallon, up 2.4% on the day (YTD: +50.4%); 6-month term structure in widening backwardation
- Low Sulphur Gasoil (ICE Europe) currently at US$ 556.75 per tonne, up 1.9% on the day (YTD: +32.3%)
BASE METALS
- Copper (COMEX) currently at US$ 4.54 per pound, up 1.0% on the day (YTD: +29.2%)
- Iron Ore (Dalian Commodity Exchange) currently at CNY 1,173.00 per tonne, down -4.1% on the day (YTD: +7.6%)
- Aluminium (Shanghai) currently at CNY 18,385 per tonne, down -1.8% on the day (YTD: +17.5%)
- Nickel (Shanghai) currently at CNY 126,320 per tonne, down -1.7% on the day (YTD: +0.4%)
- Lead (Shanghai) currently at CNY 15,250 per tonne, down -0.7% on the day (YTD: +5.4%)
- Rebar (Shanghai) currently at CNY 4,910 per tonne, down -3.0% on the day (YTD: +17.5%)
- Tin (Shanghai) currently at CNY 196,210 per tonne, down -0.4% on the day (YTD: +29.8%)
- Zinc (Shanghai) currently at CNY 22,265 per tonne, down -0.5% on the day (YTD: +6.7%)
- Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged (YTD: +26.5%)
- Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, up 0.8% on the day (YTD: +27.8%)
PRECIOUS METALS
- Gold spot currently at US$ 1,876.49 per troy ounce, unchanged (YTD: -0.9%)
- Gold 1-Month ATM implied volatility currently at 13.48, down -2.3% on the day (YTD: -15.2%)
- Silver spot currently at US$ 27.63 per troy ounce, up 0.8% on the day (YTD: +5.3%)
- Silver 1-Month ATM implied volatility currently at 30.95, up 0.4% on the day (YTD: -25.9%)
- Palladium spot currently at US$ 2,736.79 per troy ounce, down -2.0% on the day (YTD: +11.5%)
- Platinum spot currently at US$ 1,168.13 per troy ounce, up 0.6% on the day (YTD: +10.0%)
- Rhodium (Johnson Matthey, New York 09:30) currently at US$ 25,500 per troy ounce, down -6.4% on the day (YTD: +49.6%)
- 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, down 0.8% on the day (YTD: +3.4%)
- Lean Hogs (CME) currently at US$ 113.35 cents per pound, down -0.8% on the day (YTD: +61.3%)
- Rough Rice (CBOT) currently at US$ 13.15 cents per hundredweight, down -0.3% on the day (YTD: +6.0%)
- Soybeans Composite (CBOT) currently at US$ 1,522.75 cents per bushel, down -0.2% on the day (YTD: +15.8%)
- Corn (CBOT) currently at US$ 657.25 cents per bushel, down -0.3% on the day (YTD: +35.8%)
- Wheat Composite (CBOT) currently at US$ 662.25 cents per bushel, down -1.8% on the day (YTD: +3.4%)
- Sugar No.11 (ICE US) currently at US$ 16.83 cents per pound, up 1.0% on the day (YTD: +8.7%)
- Cotton No.2 (ICE US) currently at US$ 82.82 cents per pound, unchanged (YTD: +6.0%)
- Cocoa (ICE US) currently at US$ 2,389 per tonne, down -2.7% on the day (YTD: -8.2%)
- Coffee Arabica (Colombia Excelso) currently at EUR 3,614 per tonne, down -0.8% on the day (YTD: +14.2%)
- Random Length Lumber (CME) currently at US$ 1,439.00 per 1,000 board feet, down -1.0% on the day (YTD: +64.8%)
- TSR 20 Rubber (Shanghai) currently at CNY 10,835 per tonne, up 1.4% on the day (YTD: +9.0%)
- Soybean Oil Composite (CBOT) currently at US$ 65.13 cents per pound, down -0.5% on the day (YTD: +50.3%)
- Crude Palm Oil (Bursa Malaysia) currently at MYR 4,232 per tonne, down -3.6% on the day (YTD: +8.8%)
SHIPPING
- Baltic Dry Index (Baltic Exchange) currently at 2,869, up 1.6% on the day (YTD: +110.0%)
- Freightos China To North America West Coast Container Index currently at 5,344, down -0.4% on the day (YTD: +27.3%)
- Freightos North America West Coast To China Container Index currently at 799, unchanged (YTD: +54.4%)
- Freightos North America East Coast To Europe Container Index currently at 503, up 12.7% on the day (YTD: +38.7%)
- Freightos Europe To North America East Coast Container Index currently at 4,341, up 1.6% on the day (YTD: +132.3%)
- Freightos China To North Europe Container Index currently at 9,178, up 1.5% on the day (YTD: +62.1%)
- 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 3,060, up 0.2% on the day (YTD: +80.9%)
CARBON EMISSION ALLOWANCES (CO2)
- EUA futures front month (European Energy Exchange) currently at EUR 52.77 per tonne, up 2.0% on the day (YTD: +61.3%)