Commodities

Commodities Rise, Base Metals Lead The Gains

ICE Coffee Has Spiked Up, With Gains Of Over 40% Since Early July Because Of Frost-Related Supply Worries In Brazil

Published ET

ICE Coffee Front Month Future | Source: Refinitiv

ICE Coffee Front Month Future | Source: Refinitiv


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NOTABLE GAINERS TODAY

  • ICE-US Coffee up 9.9% (YTD: 62.0%)
  • Intercontinental Exchange European Union CO2 Allowance (EUA) Yearly up 4.5% (YTD: 62.6%)
  • EEX European-Carbon- Secondary Trading up 4.5% (YTD: 65.7%)
  • COMEX Copper up 4.1% (YTD: 30.6%)
  • Freightos Baltic China/East Asia To North Europe 40 Container Index up 3.8% (YTD: 142.0%)
  • ICE-US Cocoa up 3.1% (YTD: -8.1%)
  • SHFE Nickel up 2.5% (YTD: 17.2%)
  • Silver/US Dollar 1 Month ATM Option IV up 2.5% (YTD: -44.5%)
  • Gold/US Dollar 1 Month ATM Option IV up 2.0% (YTD: -18.9%)
  • Bursa Malaysia Crude Palm Oil up 1.9% (YTD: 19.0%)

NOTABLE LOSERS TODAY

  • Coffee Arabica Colombia Excelso EP Spot down -2.2% (YTD: 42.1%)
  • CME Random Length Lumber down -1.6% (YTD: -28.5%)
  • SHFE Bitumen Continuation Month 1 down -1.1% (YTD: 29.9%)
  • CBoT Wheat down -1.0% (YTD: 5.7%)
  • DCE Coke down -0.9% (YTD: -5.0%)
  • Palladium spot down -0.5% (YTD: 8.7%)
  • Zhengzhou Exchange Thermal Coal down -0.5% (YTD: 20.1%)
  • CBoT Rough Rice down -0.5% (YTD: 9.2%)
  • Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) down -0.4% (YTD: 38.1%)
  • CME Class III Milk down -0.4% (YTD: 4.6%)
  • Brent Crude Spot Free On Board (FOB) Sullom Voe North Sea down -0.4% (YTD: 47.4%)
S&P GSCI Sub-Indices 1-Day Returns | Sources: ϕpost, FactSet dataGSCI Equal Weight Total Return Index | Sources: ϕpost, Refinitiv data

ENERGY UP TODAY DESPITE FALL IN CRUDE OIL

  • WTI crude front month currently at US$ 72.08 per barrel, down -0.2% (YTD: +48.2%); 6-month term structure in tightening backwardation
  • Brent crude front month currently at US$ 74.73 per barrel, up 0.5% (YTD: +43.8%); 6-month term structure in widening backwardation
  • Brent volatility at 28.6, up 0.2% (12-month range: 24.7 - 57.6)
  • Newcastle Coal (ICE Europe) unchanged at US$ 149.75 per tonne (YTD: +86.0%)
  • Natural Gas (Henry Hub) currently at US$ 4.10 per MMBtu, up 1.0% (YTD: +61.6%)
  • Gasoline (NYMEX) currently at US$ 2.32 per gallon, up 0.7% (YTD: +63.9%); 6-month term structure in tightening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 603.50 per tonne, up 0.2% (YTD: +42.6%)
GSCI Energy Today | Sources: ϕpost, FactSet dataCrude Oil 1-Month ATM IV | Sources: ϕpost, Refinitiv data

BASE METALS BROADLY UP TODAY

  • Copper (COMEX) currently at US$ 4.59 per pound, up 4.1% (YTD: +30.6%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,200.50 per tonne, up 0.3% (YTD: +11.1%)
  • Aluminum (Shanghai) currently at CNY 19,635 per tonne, up 1.2% (YTD: +24.6%)
  • Nickel (Shanghai) currently at CNY 147,400 per tonne, up 2.5% (YTD: +17.2%)
  • Lead (Shanghai) currently at CNY 16,100 per tonne, down -0.1% (YTD: +10.0%)
  • Rebar (Shanghai) currently at CNY 5,644 per tonne, up 0.3% (YTD: +33.0%)
  • Tin (Shanghai) currently at CNY 237,030 per tonne, up 1.2% (YTD: +56.2%)
  • Zinc (Shanghai) currently at CNY 22,565 per tonne, up 0.7% (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%)
GSCI Base Metals Today | Sources: ϕpost, FactSet dataBase Metals 1-Month ATM IVs  | Sources: ϕpost, Refinitiv data

PRECIOUS METALS TODAY: GOLD DOWN, SILVER & PLATINUM UP

  • Gold spot currently at US$ 1,797.18 per troy ounce, down -0.3% (YTD: -5.3%)
  • Gold 1-Month ATM implied volatility currently at 12.81, up 2.0% (YTD: -18.9%)
  • Silver spot currently at US$ 25.13 per troy ounce, up 0.1% (YTD: -4.5%)
  • Silver 1-Month ATM implied volatility currently at 22.75, up 2.5% (YTD: -44.5%)
  • Palladium spot currently at US$ 2,651.11 per troy ounce, down -0.5% (YTD: +8.7%)
  • Platinum spot currently at US$ 1,064.00 per troy ounce, up 0.7% (YTD: 0.0%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 18,400 per troy ounce, unchanged (YTD: +7.9%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,600 per troy ounce, unchanged (YTD: +115.4%)
GSCI Precious Metals Today | Sources: ϕpost, FactSet dataGold, Silver 1-Month ATM IV | Sources: ϕpost, Refinitiv data

AGS MOSTLY UP TODAY

  • Live Cattle (CME) currently at US$ 123.45 cents per pound, up 1.6% (YTD: +9.3%)
  • Lean Hogs (CME) currently at US$ 107.40 cents per pound (YTD: +52.8%)
  • Rough Rice (CBOT) currently at US$ 13.56 cents per hundredweight, down -0.5% (YTD: +9.2%)
  • Soybeans Composite (CBOT) currently at US$ 1,424.25 cents per bushel, up 0.8% (YTD: +7.4%)
  • Corn (CBOT) currently at US$ 553.50 cents per bushel, up 0.5% (YTD: +13.6%)
  • Wheat Composite (CBOT) currently at US$ 681.00 cents per bushel, down -1.0% (YTD: +5.7%)
  • Sugar No.11 (ICE US) currently at US$ 18.42 cents per pound, up 1.4% (YTD: +18.9%)
  • Cotton No.2 (ICE US) unchanged at US$ 90.29 cents per pound (YTD: +15.6%)
  • Cocoa (ICE US) currently at US$ 2,392 per tonne, up 3.1% (YTD: -8.1%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 4,496 per tonne, down -2.2% (YTD: +42.1%)
  • Random Length Lumber (CME) currently at US$ 624.00 per 1,000 board feet, down -1.6% (YTD: -28.5%)
  • TSR 20 Rubber (Shanghai) currently at CNY 10,740 per tonne, up 0.8% (YTD: +6.4%)
  • Soybean Oil Composite (CBOT) currently at US$ 67.04 cents per pound, up 1.2% (YTD: +53.3%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,630 per tonne, up 1.9% (YTD: +19.0%)
GSCI Agriculture Today | Sources: ϕpost, FactSet dataAgs 1-Month ATM IVs | Sources: ϕpost, Refinitiv data

SHIPPING TODAY

  • Baltic Dry Index (Baltic Exchange) currently at 3,103, up 3.1% (YTD: +134.2%)
  • Freightos China To North America West Coast Container Index currently at 6,647, down -0.1% (YTD: +58.3%)
  • Freightos North America West Coast To China Container Index currently at 1,162, unchanged (YTD: +124.4%)
  • Freightos North America East Coast To Europe Container Index currently at 697, up 0.1% (YTD: +92.0%)
  • 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 13,706, up 3.8% (YTD: +142.0%)
  • Freightos North Europe To China Container Index currently at 1,617, up 0.0% (YTD: +17.6%)
  • Freightos Europe To South America West Coast Container Index currently at 4,463, unchanged (YTD: +163.8%)
Freightos Indices | Sources: ϕpost, Refinitiv dataBaltic Dry Index | Sources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 53.20 per tonne, up 4.5% (YTD: +62.6%)

EU CO2 Permits Futures Prices | Sources: phipost.com, Refinitiv data