Agricultural Commodities Rise, While Energy And Precious Metals Sag

Demand for thermal coal is outpacing supply, leading to much higher prices, as financing new mines becomes difficult

Published Aug 6, 2021 6:33 PM ET

Newcastle Coal Front-Month Future Prices Have Now Doubled This Year | Source: Refinitiv

SMM Rare Earth Yttrium Oxide Spot Price Daily up 23.2% (YTD: 107.3%)
CME Random Length Lumber up 5.5% (YTD: -36.8%)
SMM Rare Earth Yttrium Metal Spot Price Daily up 4.4% (YTD: 14.6%)
SMM Tungsten Carbide-99.7% FB Spot Price Daily up 2.6% (YTD: 25.4%)
SMM Erbium Oxide Spot Price Daily up 2.5% (YTD: 24.3%)
ICE Europe Newcastle Coal Monthly up 2.4% (YTD: 99.9%)
Gold/US Dollar 1 Month ATM Option IV up 1.9% (YTD: -21.1%)
SHFE Bitumen Continuation Month 1 up 1.8% (YTD: 35.1%)
SHFE Zinc up 1.7% (YTD: 7.7%)

Freightos Baltic China/East Asia To North America West Coast 40 Container Index down -17.7% (YTD: 276.9%)
DCE Coking Coal Continuation Month 1 down -7.8% (YTD: 36.0%)
Freightos Baltic Global Index down -7.3% (YTD: 189.3%)
Freightos Baltic China/East Asia To North America East Coast 40 Container Index down -4.0% (YTD: 269.3%)
Shanghai International Exchange Bonded Copper down -3.8% (YTD: 17.2%)
Silver spot down -3.2% (YTD: -7.7%)
Freightos Baltic North America East Coast To Europe 40 Container Index down -2.7% (YTD: 79.6%)
Platinum spot down -2.5% (YTD: -8.3%)
SMM Rare Earth Gadolinium Oxide Spot Price Daily down -2.4% (YTD: 46.6%)
Gold spot down -2.3% (YTD: -7.1%)
Johnson Matthey Iridium New York 0930 down -1.9% (YTD: 103.8%)
Pork Primal Cutout Butt down -1.8% (YTD: 65.9%)

ENERGY

Brent Crude Oil Net Positioning | Sources: phipost.com, Refinitiv data

METALS

AGRICULTURE

WTI crude front month currently at US$ 68.28 per barrel, down -1.2% (YTD: +40.7%); 6-month term structure in tightening backwardation
Brent crude front month currently at US$ 70.70 per barrel, down -0.8% (YTD: +36.5%); 6-month term structure in tightening backwardation
Brent volatility at 34.5, up 6.6% (12-month range: 24.7 - 57.6)
Newcastle Coal (ICE Europe) currently at US$ 160.95 per tonne, up 2.4% (YTD: +99.9%)
Natural Gas (Henry Hub) unchanged at US$ 4.14 per MMBtu (YTD: +63.1%)
Gasoline (NYMEX) currently at US$ 2.26 per gallon, down -1.6% (YTD: +60.2%); 6-month term structure in tightening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 580.25 per tonne, down -0.8% (YTD: +37.9%)

Copper (COMEX) currently at US$ 4.34 per pound, down 0.0% (YTD: +23.7%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 1,135.00 per tonne, down 0.0% (YTD: +5.2%)
Aluminum (Shanghai) currently at CNY 19,840 per tonne, up 0.9% (YTD: +26.9%)
Nickel (Shanghai) currently at CNY 143,450 per tonne, up 1.2% (YTD: +17.2%)
Lead (Shanghai) currently at CNY 15,415 per tonne, down -0.1% (YTD: +6.7%)
Rebar (Shanghai) currently at CNY 5,390 per tonne, down -1.2% (YTD: +27.7%)
Tin (Shanghai) currently at CNY 233,350 per tonne, up 0.0% (YTD: +54.3%)
Zinc (Shanghai) currently at CNY 22,325 per tonne, up 1.7% (YTD: +7.7%)
Refined Cobalt (Shanghai) spot price currently at CNY 374,500 per tonne, down -0.7% (YTD: +36.7%)
Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

Gold spot currently at US$ 1,763.34 per troy ounce, down -2.3% (YTD: -7.1%)
Gold 1-Month ATM implied volatility currently at 12.28, up 1.9% (YTD: -21.1%)
Silver spot currently at US$ 24.33 per troy ounce, down -3.2% (YTD: -7.7%)
Silver 1-Month ATM implied volatility currently at 21.94, down -0.7% (YTD: -46.0%)
Palladium spot currently at US$ 2,627.34 per troy ounce, down -0.9% (YTD: +7.4%)
Platinum spot currently at US$ 979.90 per troy ounce, down -2.5% (YTD: -8.3%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 19,000 per troy ounce, unchanged (YTD: +11.4%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,300 per troy ounce, down -1.9% (YTD: +103.8%)

Live Cattle (CME) currently at US$ 123.00 cents per pound, up 0.3% (YTD: +8.9%)
Lean Hogs (CME) currently at US$ 108.75 cents per pound, down -0.7% (YTD: +54.7%)
Rough Rice (CBOT) currently at US$ 13.32 cents per hundredweight, up 0.3% (YTD: +7.4%)
Soybeans Composite (CBOT) currently at US$ 1,422.25 cents per bushel, up 1.4% (YTD: +8.1%)
Corn (CBOT) currently at US$ 555.00 cents per bushel, down -0.1% (YTD: +14.7%)
Wheat Composite (CBOT) currently at US$ 719.00 cents per bushel, up 0.9% (YTD: +12.3%)
Sugar No.11 (ICE US) currently at US$ 18.65 cents per pound, up 0.3% (YTD: +20.6%)
Cotton No.2 (ICE US) currently at US$ 92.44 cents per pound, up 1.4% (YTD: +18.3%)
Cocoa (ICE US) currently at US$ 2,423 per tonne, up 0.5% (YTD: -7.1%)
Coffee Arabica (Colombia Excelso) currently at EUR 4,272 per tonne, up 1.2% (YTD: +35.0%)
Random Length Lumber (CME) currently at US$ 551.60 per 1,000 board feet, up 5.5% (YTD: -36.8%)
TSR 20 Rubber (Shanghai) currently at CNY 11,205 per tonne, up 0.7% (YTD: +9.3%)
Soybean Oil Composite (CBOT) currently at US$ 63.41 cents per pound, up 1.5% (YTD: +46.3%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 4,520 per tonne, down -0.1% (YTD: +16.2%)

Baltic Dry Index (Baltic Exchange) currently at 3,376, up 1.7% (YTD: +147.1%)
Freightos China To North America West Coast Container Index currently at 15,827, down -17.7% (YTD: +276.9%)
Freightos North America West Coast To China Container Index currently at 1,128, unchanged (YTD: +117.9%)
Freightos North America East Coast To Europe Container Index currently at 652, down -2.7% (YTD: +79.6%)
Freightos Europe To North America East Coast Container Index currently at 6,031, unchanged (YTD: +222.7%)
Freightos China To North Europe Container Index currently at 13,896, up 0.4% (YTD: +145.4%)
Freightos North Europe To China Container Index currently at 1,644, unchanged (YTD: +19.5%)
Freightos Europe To South America West Coast Container Index currently at 4,621, unchanged (YTD: +173.2%)

EUA futures front month (European Energy Exchange) currently at EUR 56.66 per tonne, up 1.2% (YTD: +73.2%)

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