Industrial Metals Rise Further In Asia With Announcement Of US Infrastructure Deal

Natural gas was up again today, as storage was below the consensus estimate as well as the five-year average

Published Jun 25, 2021 1:12 AM ET

S&P GSCI sub-indices 10-year total returns | Sources: ϕpost, FactSet data

United States, Stock Levels, EIA, Natural Gas in Underground Storage, Lower 48 States, Absolute change, Volume for W 18 Jun (EIA, United States) at 55.00 bcf, below consensus estimate of 66.00 bcf

Freightos Baltic China/East Asia To North America East Coast 40 Container Index up 5.7% (YTD: 86.0%)
DCE Iron Ore Continuation Month 1 up 5.3% (YTD: 22.5%)
DCE Coking Coal Continuation Month 1 up 3.3% (YTD: 51.1%)
NYMEX Henry Hub Natural Gas up 2.6% (YTD: 34.6%)
SHFE Rebar up 1.7% (YTD: 15.4%)
SHFE Stannum up 1.5% (YTD: 39.5%)
DCE Coke up 1.5% (YTD: 0.4%)
ICE Brent Crude Spread Spread up 1.5% (YTD: 668.9%)
ICE-US Sugar No. 11 up 1.4% (YTD: 9.3%)
Shanghai International Exchange Bonded Copper up 1.2% (YTD: 18.7%)
SHFE Nickel up 1.2% (YTD: 8.8%)

Freightos Baltic North America East Coast To China/East Asia 40 Container Index down -10.7% (YTD: 70.5%)
Freightos Baltic North America West Coast To China/East Asia 40 Container Index down -9.3% (YTD: 80.2%)
CBOE Crude Oil Volatility Index down -7.6% (YTD: -15.3%)
Silver/US Dollar 1 Month ATM Option down -7.4% (YTD: -43.3%)
Pork Primal Cutout Butt down -5.5% (YTD: 127.6%)
CME Random Length Lumber down -4.7% (YTD: -3.5%)
NYMEX Light Sweet Crude Oil vs 6 down -4.6% (YTD: 0.0%)
CME Lean Hogs down -4.3% (YTD: 42.3%)
Gold/US Dollar 1 Month ATM Option down -2.8% (YTD: -18.6%)
CBoT Soybean Meal down -2.4% (YTD: -20.4%)

WTI crude front month currently at US$ 73.23 per barrel, up 0.3% on the day (YTD: +51.1%); 6-month term structure in tightening backwardation
Brent crude front month currently at US$ 75.56 per barrel, up 0.5% on the day (YTD: +45.9%); 6-month term structure in widening backwardation
Brent volatility at 27.6, down -3.9% on the day (12-month range: 24.7 - 58.3)
Newcastle Coal (ICE Europe) currently at US$ 127.50 per tonne, down 0.0% on the day (YTD: +58.4%)
Natural Gas (Henry Hub) currently at US$ 3.42 per MMBtu, up 2.6% on the day (YTD: +34.6%)
Gasoline (NYMEX) currently at US$ 2.28 per gallon, up 0.6% on the day (YTD: +61.9%); 6-month term structure in widening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 603.25 per tonne, down -0.6% on the day (YTD: +43.4%)

Copper (COMEX) currently at US$ 4.31 per pound, down -0.5% on the day (YTD: +22.7%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 1,311.00 per tonne, up 5.3% on the day (YTD: +22.5%)
Aluminium (Shanghai) currently at CNY 18,770 per tonne, up 0.2% on the day (YTD: +19.6%)
Nickel (Shanghai) currently at CNY 137,890 per tonne, up 1.2% on the day (YTD: +8.8%)
Lead (Shanghai) currently at CNY 15,515 per tonne, down -0.3% on the day (YTD: +5.1%)
Rebar (Shanghai) currently at CNY 4,895 per tonne, up 1.7% on the day (YTD: +15.4%)
Tin (Shanghai) currently at CNY 211,850 per tonne, up 1.5% on the day (YTD: +39.5%)
Zinc (Shanghai) currently at CNY 21,955 per tonne, up 0.6% on the day (YTD: +4.7%)
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, unchanged (YTD: +27.8%)

Gold spot currently at US$ 1,774.28 per troy ounce, down -0.2% on the day (YTD: -6.5%)
Gold 1-Month ATM implied volatility currently at 12.68, down -2.8% on the day (YTD: -18.6%)
Silver spot currently at US$ 25.90 per troy ounce, up 0.2% on the day (YTD: -1.7%)
Silver 1-Month ATM implied volatility currently at 23.11, down -7.4% on the day (YTD: -43.3%)
Palladium spot currently at US$ 2,646.43 per troy ounce, up 1.2% on the day (YTD: +8.0%)
Platinum spot currently at US$ 1,093.03 per troy ounce, up 1.1% on the day (YTD: +2.6%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 19,250 per troy ounce, unchanged (YTD: +12.9%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,900 per troy ounce, down -1.7% on the day (YTD: +126.9%)

Live Cattle (CME) currently at US$ 122.83 cents per pound, up 0.3% on the day (YTD: +8.7%)
Lean Hogs (CME) currently at US$ 100.03 cents per pound, down -4.3% on the day (YTD: +42.3%)
Rough Rice (CBOT) currently at US$ 13.24 cents per hundredweight, down -0.8% on the day (YTD: +6.7%)
Soybeans Composite (CBOT) currently at US$ 1,371.25 cents per bushel, down -1.0% on the day (YTD: +4.3%)
Corn (CBOT) currently at US$ 653.25 cents per bushel, down -1.7% on the day (YTD: +35.0%)
Wheat Composite (CBOT) currently at US$ 651.25 cents per bushel, down -1.5% on the day (YTD: +1.7%)
Sugar No.11 (ICE US) currently at US$ 16.93 cents per pound, up 1.4% on the day (YTD: +9.3%)
Cotton No.2 (ICE US) currently at US$ 86.03 cents per pound, down -0.5% on the day (YTD: +10.1%)
Cocoa (ICE US) currently at US$ 2,315 per tonne, up 0.8% on the day (YTD: -11.1%)
Coffee Arabica (Colombia Excelso) currently at EUR 3,773 per tonne, up 1.0% on the day (YTD: +19.2%)
Random Length Lumber (CME) currently at US$ 842.30 per 1,000 board feet, down -4.7% on the day (YTD: -3.5%)
TSR 20 Rubber (Shanghai) currently at CNY 10,555 per tonne, up 1.0% on the day (YTD: +4.4%)
Soybean Oil Composite (CBOT) currently at US$ 62.70 cents per pound, up 0.9% on the day (YTD: +44.7%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 3,605 per tonne, down -0.3% on the day (YTD: -7.4%)

Baltic Dry Index (Baltic Exchange) currently at 3,147, up 0.9% on the day (YTD: +130.4%)
Freightos China To North America West Coast Container Index currently at 6,972, up 0.3% on the day (YTD: +66.0%)
Freightos North America West Coast To China Container Index currently at 933, down -9.3% on the day (YTD: +80.2%)
Freightos North America East Coast To Europe Container Index currently at 591, unchanged (YTD: +62.9%)
Freightos Europe To North America East Coast Container Index currently at 5,232, up 0.8% on the day (YTD: +179.9%)
Freightos China To North Europe Container Index currently at 11,031, unchanged (YTD: +94.8%)
Freightos North Europe To China Container Index currently at 1,625, unchanged (YTD: +18.2%)
Freightos Europe To South America West Coast Container Index currently at 4,798, unchanged (YTD: +183.6%)

EUA futures front month (European Energy Exchange) currently at EUR 55.09 per tonne, up 0.8% on the day (YTD: +68.4%)

EU CO2 Permits | Sources: phipost, Refinitiv data