US EIA WEEKLY INVENTORY REPORT

• Total Crude Oil excluding SPR, Absolute change, Volume for W 16 Jul (EIA, United States) at 2.11 Mln, above consensus estimate of -4.47 Mln
• Total Distillate, Absolute change, Volume for W 16 Jul (EIA, United States) at -1.35 Mln, below consensus estimate of 0.56 Mln
• Gasoline, Absolute change, Volume for W 16 Jul (EIA, United States) at -0.12 Mln, above consensus estimate of -1.04 Mln
• Refinery Capacity Utilization, Absolute change, Volume for W 16 Jul (EIA, United States) at -0.40 %, below consensus estimate of 0.40 %

NOTABLE GAINERS TODAY

• CME Random Length Lumber up 7.7% (YTD: -33.1%)
• ICE-US Coffee up 6.2% (YTD: 37.2%)
• Coffee Arabica Colombia Excelso EP Spot up 5.2% (YTD: 29.2%)
• NYMEX Light Sweet Crude Oil (WTI) up 4.3% (YTD: 44.9%)
• ICE Europe Brent Crude up 4.2% (YTD: 39.4%)
• ICE Europe Low Sulphur Gasoil up 4.1% (YTD: 39.1%)
• SMM Rare Earth Terbium Oxide Spot Price Daily up 4.1% (YTD: 6.2%)
• NYMEX RBOB Gasoline up 4.0% (YTD: 57.4%)

NOTABLE LOSERS TODAY

• DCE Iron Ore Continuation Month 1 down -2.5% (YTD: 17.0%)
• CBoT Soybean Oil down -2.3% (YTD: 51.1%)
• Gold/US Dollar 1 Month ATM Option IV down -2.2% (YTD: -17.5%)
• SHFE Bitumen down -1.7% (YTD: 28.5%)
• SGX Iron Ore 62% China CFR Swap Monthly down -0.8% (YTD: 39.5%)
• SHFE Zinc down -0.6% (YTD: 7.1%)
• Silver/US Dollar 1 Month ATM Option IV down -0.5% (YTD: -43.6%)
• SHFE Nickel down -0.5% (YTD: 11.6%)
• Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) down -0.5% (YTD: 40.1%)
• SHFE Stannum (Tin) down -0.4% (YTD: 51.0%)

BIG GAINS IN ENERGY TODAY

• WTI crude front month currently at US$ 70.23 per barrel, up 4.3% (YTD: +44.9%); 6-month term structure in widening backwardation
• Brent crude front month currently at US$ 72.15 per barrel, up 4.2% (YTD: +39.4%); 6-month term structure in widening backwardation
• Brent volatility at 30.2, down -8.7% (12-month range: 24.7 - 57.6)
• Newcastle Coal (ICE Europe) currently at US$ 149.75 per tonne, up 0.0% (YTD: +86.0%)
• Natural Gas (Henry Hub) currently at US$ 3.90 per MMBtu, up 2.1% (YTD: +55.9%)
• Gasoline (NYMEX) currently at US$ 2.21 per gallon, up 4.0% (YTD: +57.4%); 6-month term structure in widening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 586.75 per tonne, up 4.1% (YTD: +39.1%)

BASE METALS MIXED TODAY

• Copper (COMEX) currently at US$ 4.28 per pound, up 0.2% (YTD: +21.9%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 1,228.00 per tonne, down -2.5% (YTD: +17.0%)
• Aluminum (Shanghai) currently at CNY 19,095 per tonne, down -0.1% (YTD: +21.3%)
• Nickel (Shanghai) currently at CNY 138,950 per tonne, down -0.5% (YTD: +11.6%)
• Lead (Shanghai) currently at CNY 15,940 per tonne, up 0.9% (YTD: +7.2%)
• Rebar (Shanghai) currently at CNY 5,477 per tonne, up 0.9% (YTD: +30.6%)
• Tin (Shanghai) currently at CNY 225,700 per tonne, down -0.4% (YTD: +51.0%)
• Zinc (Shanghai) currently at CNY 22,180 per tonne, down -0.6% (YTD: +7.1%)
• Refined Cobalt (Shanghai) spot price currently at CNY 379,500 per tonne, unchanged (YTD: +38.5%)
• Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

PRECIOUS METALS UP TODAY EXCEPT GOLD

• Gold spot currently at US$ 1,800.41 per troy ounce, down -0.4% (YTD: -5.0%)
• Gold 1-Month ATM implied volatility currently at 12.68, down -2.2% (YTD: -17.5%)
• Silver spot currently at US$ 25.20 per troy ounce, up 1.3% (YTD: -4.2%)
• Silver 1-Month ATM implied volatility currently at 22.98, down -0.5% (YTD: -43.6%)
• Palladium spot currently at US$ 2,659.92 per troy ounce, up 0.7% (YTD: +8.7%)
• Platinum spot currently at US$ 1,080.02 per troy ounce, up 1.5% (YTD: +1.2%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 18,700 per troy ounce, unchanged (YTD: +9.7%)
• Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,600 per troy ounce, unchanged (YTD: +115.4%)

AGS MOSTLY GREEN TODAY

• Live Cattle (CME) currently at US$ 120.05 cents per pound, up 0.2% (YTD: +6.3%)
• Lean Hogs (CME) currently at US$ 106.58 cents per pound, up 1.5% (YTD: +51.7%)
• Rough Rice (CBOT) currently at US$ 13.31 cents per hundredweight, up 0.9% (YTD: +7.3%)
• Soybeans Composite (CBOT) currently at US$ 1,429.75 cents per bushel, down -0.3% (YTD: +9.4%)
• Corn (CBOT) currently at US$ 566.75 cents per bushel, down 0.0% (YTD: +18.1%)
• Wheat Composite (CBOT) currently at US$ 704.75 cents per bushel, up 1.5% (YTD: +11.0%)
• Sugar No.11 (ICE US) currently at US$ 17.67 cents per pound, up 1.5% (YTD: +14.1%)
• Cotton No.2 (ICE US) currently at US$ 89.09 cents per pound, up 0.2% (YTD: +14.0%)
• Cocoa (ICE US) currently at US$ 2,265 per tonne, up 0.4% (YTD: -13.0%)
• Coffee Arabica (Colombia Excelso) currently at EUR 4,089 per tonne, up 5.2% (YTD: +29.2%)
• Random Length Lumber (CME) currently at US$ 584.00 per 1,000 board feet, up 7.7% (YTD: -33.1%)
• TSR 20 Rubber (Shanghai) currently at CNY 10,465 per tonne, up 0.2% (YTD: +3.1%)
• Soybean Oil Composite (CBOT) currently at US$ 65.17 cents per pound, down -2.3% (YTD: +51.1%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 4,395 per tonne, up 1.3% (YTD: +13.0%)

SHIPPING TODAY

• Baltic Dry Index (Baltic Exchange) currently at 3,053, down -0.2% (YTD: +123.5%)
• Freightos China To North America West Coast Container Index currently at 6,540, unchanged (YTD: +55.7%)
• Freightos North America West Coast To China Container Index currently at 1,076, unchanged (YTD: +107.7%)
• Freightos North America East Coast To Europe Container Index currently at 697, unchanged (YTD: +91.9%)
• Freightos Europe To North America East Coast Container Index currently at 6,013, unchanged (YTD: +221.7%)
• Freightos China To North Europe Container Index currently at 13,209, unchanged (YTD: +133.3%)
• Freightos North Europe To China Container Index currently at 1,617, unchanged (YTD: +17.6%)
• Freightos Europe To South America West Coast Container Index currently at 4,463, unchanged (YTD: +163.8%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA futures front month (European Energy Exchange) currently at EUR 52.14 per tonne, up 1.8% (YTD: +59.4%)