EIA WEEKLY RELEASES SHOW BIGGER STOCK DRAW THAN EXPECTED

• United States, Stock Levels, EIA, Total Crude Oil excluding SPR, Absolute change, Volume for W 21 May (EIA, United States) at -1.66, below consensus estimate of -1.05
• United States, Stock Levels, EIA, Total Distillate, Absolute change, Volume for W 21 May (EIA, United States) at -3.01, below consensus estimate of -1.90
• United States, Stock Levels, EIA, Gasoline, Absolute change, Volume for W 21 May (EIA, United States) at -1.75, below consensus estimate of -0.61
• United States, Production, EIA, Refinery Capacity Utilization, Absolute change, Volume for W 21 May (EIA, United States) at 0.70, above consensus estimate of 0.20

NOTABLE GAINERS

• ICE-US Coffee up 3.5% (YTD: 21.4%)
• Freightos Baltic China/East Asia To Mediterranean 40 Container Index up 2.9% (YTD: 81.0%)
• NYMEX Henry Hub Natural Gas up 2.4% (YTD: 17.5%)
• ICE-US Cocoa up 1.8% (YTD: -7.0%)
• Gold/US Dollar 1 Month ATM Option Volatility up 1.7% (YTD: -13.4%)
• NYMEX RBOB Gasoline up 1.5% (YTD: 52.7%)
• Silver/US Dollar 1 Month ATM Option Volatility up 1.5% (YTD: -27.0%)
• SMM Rare Earth Terbium Metal Spot Price Daily up 1.2% (YTD: -10.1%)
• Coffee Arabica Colombia Excelso EP Spot up 1.2% (YTD: 14.6%)
• SMM Rare Earth Terbium Oxide Spot Price Daily up 1.2% (YTD: -9.7%)

NOTABLE LOSERS

• Freightos Baltic Europe To North America East Coast 40 Container Index down -6.8% (YTD: 116.5%)
• CBOE Crude Oil Volatility Index down -6.5% (YTD: -10.4%)
• Johnson Matthey Rhodium New York 0930 down -4.3% (YTD: 29.0%)
• CME Random Length Lumber down -4.1% (YTD: 53.4%)
• SHFE Rebar down -3.7% (YTD: 12.0%)
• NYMEX Light Sweet Crude Oil vs 6 down -3.4% (YTD: 0.0%)
• SHFE Hot Rolled Coil down -1.9% (YTD: 17.8%)
• DCE Iron Ore Continuation Month 1 down -1.9% (YTD: 6.9%)
• DCE Coking Coal Continuation Month 1 down -1.6% (YTD: 7.9%)
• ICE-US Sugar No. 11 down -1.5% (YTD: 8.3%)

ENERGY

• WTI crude front month currently at US$ 66.12 per barrel, up 0.2% on the day (YTD: +36.5%); 6-month term structure in tightening backwardation
• Brent crude front month currently at US$ 68.79 per barrel, up 0.3% on the day (YTD: +33.0%); 6-month term structure in tightening backwardation
• Brent volatility at 28.8, down -2.8% on the day (12-month range: 24.7 - 58.9)
• Newcastle Coal (ICE Europe) currently at US$ 105.10 per tonne, up 0.1% on the day (YTD: +30.6%)
• Natural Gas (Henry Hub) currently at US$ 3.02 per MMBtu, up 2.4% on the day (YTD: +17.5%)
• Gasoline (NYMEX) currently at US$ 2.15 per gallon, up 1.5% on the day (YTD: +52.7%); 6-month term structure in widening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 562.00 per tonne, up 0.4% on the day (YTD: +33.3%)

BASE METALS

• Copper (COMEX) currently at US$ 4.53 per pound, up 0.2% on the day (YTD: +29.0%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 1,116.50 per tonne, down -1.9% on the day (YTD: +6.9%)
• Aluminium (Shanghai) currently at CNY 18,385 per tonne, down -0.1% on the day (YTD: +16.8%)
• Nickel (Shanghai) currently at CNY 126,550 per tonne, up 0.1% on the day (YTD: +1.4%)
• Lead (Shanghai) currently at CNY 15,300 per tonne, unchanged on the day (YTD: +4.1%)
• Rebar (Shanghai) currently at CNY 4,650 per tonne, down -3.7% on the day (YTD: +12.0%)
• Tin (Shanghai) currently at CNY 197,990 per tonne, up 0.5% on the day (YTD: +31.2%)
• Zinc (Shanghai) currently at CNY 22,250 per tonne, up 0.4% on the day (YTD: +7.1%)
• 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 620,000 per tonne, unchanged on the day (YTD: +27.8%)

PRECIOUS METALS

• Gold spot currently at US$ 1,894.48 per troy ounce, down -0.1% on the day (YTD: -0.1%)
• Gold 1-Month ATM implied volatility currently at 13.70, up 1.7% on the day (YTD: -13.4%)
• Silver spot currently at US$ 27.64 per troy ounce, down -1.2% on the day (YTD: +4.9%)
• Silver 1-Month ATM implied volatility currently at 30.00, up 1.5% on the day (YTD: -27.0%)
• Palladium spot currently at US$ 2,737.71 per troy ounce, down -1.0% on the day (YTD: +12.2%)
• Platinum spot currently at US$ 1,188.37 per troy ounce, down -0.1% on the day (YTD: +11.4%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 22,000 per troy ounce, down -4.3% on the day (YTD: +29.0%)
• 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$ 116.45 cents per pound, down 0.2% on the day (YTD: +3.1%)
• Lean Hogs (CME) currently at US$ 115.28 cents per pound, unchanged (YTD: +64.0%)
• Rough Rice (CBOT) currently at US$ 13.19 cents per hundredweight, down -0.1% on the day (YTD: +6.4%)
• Soybeans Composite (CBOT) currently at US$ 1,504.75 cents per bushel, down -0.5% on the day (YTD: +14.3%)
• Corn (CBOT) currently at US$ 625.25 cents per bushel, up 0.7% on the day (YTD: +29.0%)
• Wheat Composite (CBOT) currently at US$ 650.50 cents per bushel, down -1.2% on the day (YTD: +1.2%)
• Sugar No.11 (ICE US) currently at US$ 16.78 cents per pound, down -1.5% on the day (YTD: +8.3%)
• Cotton No.2 (ICE US) currently at US$ 82.44 cents per pound, down -0.3% on the day (YTD: +5.5%)
• Cocoa (ICE US) currently at US$ 2,422 per tonne, up 1.8% on the day (YTD: -7.0%)
• Coffee Arabica (Colombia Excelso) currently at EUR 3,627 per tonne, up 1.2% on the day (YTD: +14.6%)
• Random Length Lumber (CME) currently at US$ 1,339.40 per 1,000 board feet, down -4.1% on the day (YTD: +53.4%)
• TSR 20 Rubber (Shanghai) currently at CNY 10,965 per tonne, up 0.2% on the day (YTD: +9.1%)
• Soybean Oil Composite (CBOT) currently at US$ 65.96 cents per pound, down -1.5% on the day (YTD: +51.6%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 4,371 per tonne, up 3.3% on the day (YTD: +12.3%)

SHIPPING

• Baltic Dry Index (Baltic Exchange) currently at 2,809, down -2.5% on the day (YTD: +105.6%)
• Freightos China To North America West Coast Container Index currently at 5,379, unchanged (YTD: +28.1%)
• 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, unchanged (YTD: +38.7%)
• Freightos Europe To North America East Coast Container Index currently at 4,046, down -6.8% on the day (YTD: +116.5%)
• Freightos China To North Europe Container Index currently at 9,220, up 0.4% on the day (YTD: +62.8%)
• 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, unchanged (YTD: +80.9%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA futures front month (European Energy Exchange) currently at EUR 53.67 per tonne, up 0.7% on the day (YTD: +64.0%)