Broad Falls Across The Commodities Complex In The US

Positive trade data in China helped coke and coking coal make further gains, with the latter now up nearly 120% year-to-date

Published Sep 8, 2021 2:55 AM ET

Long-Term Returns In Commodities Still Abysmal Despite A Strong Rise In Past Year | Sources: ϕpost, Refinitiv data

DCE Coke up 5.1% (YTD: 38.4%)
DCE Coking Coal Continuation Month 1 up 3.6% (YTD: 118.8%)
Shanghai International Exchange TSR 20 Rubber up 3.2% (YTD: 8.6%)
ICE-US Cocoa up 3.0% (YTD: 5.8%)
SHFE Rebar up 2.2% (YTD: 28.4%)
SHFE Aluminum up 2.0% (YTD: 38.7%)
Coffee Robusta Vietnam Grade 1 Wet Pol Spot up 1.7% (YTD: 31.8%)
Bursa Malaysia Crude Palm Oil up 1.6% (YTD: 18.9%)
SHFE Hot Rolled Coil up 1.3% (YTD: 29.5%)
CME Dry Whey up 0.9% (YTD: 20.5%)
CME Non Fat Dry Milk up 0.8% (YTD: 14.3%)
SHFE Zinc up 0.7% (YTD: 7.8%)
DCE RBD Palm Oil up 0.7% (YTD: 25.9%)
CME Cash Settled Cheese up 0.6% (YTD: 1.2%)
CME Class III Milk up 0.5% (YTD: 5.9%)

CME Random Length Lumber down -5.3% (YTD: -40.7%)
SGX Iron Ore 62% China CFR Swap Monthly down -4.4% (YTD: -11.0%)
Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) down -4.0% (YTD: -10.8%)
NYMEX Henry Hub Natural Gas down -3.1% (YTD: 79.9%)
CBoT Corn down -2.4% (YTD: 2.4%)
Brent Crude Spot Free On Board (FOB) Sullom Voe North Sea down -2.4% (YTD: 40.9%)
Platinum spot down -2.1% (YTD: -6.6%)
CBoT Soybean Oil down -2.1% (YTD: 33.3%)
NYMEX NY Harbor ULSD down -1.8% (YTD: 43.7%)
CME Lean Hogs down -1.6% (YTD: 25.4%)
Gold spot down -1.6% (YTD: -5.5%)
Silver spot down -1.5% (YTD: -7.8%)
Palladium spot down -1.5% (YTD: -2.9%)
SHFE Bitumen Continuation Month 1 down -1.4% (YTD: 25.8%)
CME Cattle(Feeder) down -1.4% (YTD: 12.5%)

WTI crude front month currently at US$ 68.57 per barrel, down -1.4% (YTD: +40.9%); 6-month term structure in tightening backwardation
Brent crude front month currently at US$ 71.76 per barrel, down -0.7% (YTD: +38.4%); 6-month term structure in widening backwardation
Brent volatility at 28.2, up 0.8% (12-month range: 26.1 - 43.4)
Newcastle Coal (ICE Europe) currently at US$ 177.20 per tonne, down -0.4% (YTD: +120.1%)
Natural Gas (Henry Hub) currently at US$ 4.61 per MMBtu, down -3.1% (YTD: +79.9%)
Gasoline (NYMEX) currently at US$ 2.13 per gallon, down -1.1% (YTD: +51.2%); 6-month term structure in tightening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 600.25 per tonne, down -0.8% (YTD: +43.1%)

Copper (COMEX) currently at US$ 4.27 per pound, down -1.1% (YTD: +21.7%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 808.00 per tonne, down -1.2% (YTD: -17.4%)
Aluminum (Shanghai) currently at CNY 21,800 per tonne, up 2.0% (YTD: +38.7%)
Nickel (Shanghai) currently at CNY 147,000 per tonne, down -0.4% (YTD: +18.6%)
Lead (Shanghai) currently at CNY 14,835 per tonne, down -1.1% (YTD: +0.8%)
Rebar (Shanghai) currently at CNY 5,420 per tonne, up 2.2% (YTD: +28.4%)
Tin (Shanghai) currently at CNY 247,690 per tonne, down -0.3% (YTD: +64.7%)
Zinc (Shanghai) currently at CNY 22,590 per tonne, up 0.7% (YTD: +7.8%)
Refined Cobalt (Shanghai) spot price currently at CNY 365,500 per tonne, unchanged (YTD: +33.4%)
Lithium (Shanghai) spot price currently at CNY 735,000 per tonne, unchanged (YTD: +51.5%)

Gold spot currently at US$ 1,797.01 per troy ounce, down -1.6% (YTD: -5.5%)
Gold 1-Month ATM implied volatility currently at 12.85, up 4.3% (YTD: -18.5%)
Silver spot currently at US$ 24.33 per troy ounce, down -1.5% (YTD: -7.8%)
Silver 1-Month ATM implied volatility currently at 22.81, down -1.0% (YTD: -44.3%)
Palladium spot currently at US$ 2,375.29 per troy ounce, down -1.5% (YTD: -2.9%)
Platinum spot currently at US$ 1,002.49 per troy ounce, down -2.1% (YTD: -6.6%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 17,000 per troy ounce, unchanged (YTD: -0.3%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,000 per troy ounce, unchanged (YTD: +92.3%)

Live Cattle (CME) currently at US$ 123.75 cents per pound, down 0.8% (YTD: +9.6%)
Lean Hogs (CME) currently at US$ 88.10 cents per pound, down -1.6% (YTD: +25.4%)
Rough Rice (CBOT) currently at US$ 13.10 cents per hundredweight, up 0.2% (YTD: +5.6%)
Soybeans Composite (CBOT) currently at US$ 1,270.75 cents per bushel, down -1.1% (YTD: -3.5%)
Corn (CBOT) currently at US$ 500.00 cents per bushel, down -2.4% (YTD: +2.4%)
Wheat Composite (CBOT) currently at US$ 708.75 cents per bushel, down -0.8% (YTD: +10.7%)
Sugar No.11 (ICE US) currently at US$ 19.48 cents per pound, down -0.7% (YTD: +25.8%)
Cotton No.2 (ICE US) currently at US$ 95.41 cents per pound, down -0.2% (YTD: +22.1%)
Cocoa (ICE US) currently at US$ 2,753 per tonne, up 3.0% (YTD: +5.8%)
Coffee Arabica (Colombia Excelso) currently at EUR 4,511 per tonne, down -0.2% (YTD: +42.5%)
Random Length Lumber (CME) currently at US$ 518.00 per 1,000 board feet, down -5.3% (YTD: -40.7%)
TSR 20 Rubber (Shanghai) currently at CNY 10,750 per tonne, up 3.2% (YTD: +8.6%)
Soybean Oil Composite (CBOT) currently at US$ 57.76 cents per pound, down -2.1% (YTD: +33.3%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 4,625 per tonne, up 1.6% (YTD: +18.9%)

Baltic Dry Index (Baltic Exchange) currently at 3,822, down -3.1% (YTD: +179.8%)
Freightos China To North America West Coast Container Index currently at 20,586, unchanged (YTD: +390.2%)
Freightos North America West Coast To China Container Index currently at 907, unchanged (YTD: +75.2%)
Freightos North America East Coast To Europe Container Index currently at 372, up 2.2% (YTD: +2.5%)
Freightos Europe To North America East Coast Container Index currently at 6,549, up 2.1% (YTD: +250.4%)
Freightos China To North Europe Container Index currently at 14,184, up 1.1% (YTD: +150.5%)
Freightos North Europe To China Container Index currently at 1,537, unchanged (YTD: +11.8%)
Freightos Europe To South America West Coast Container Index currently at 5,672, up 7.6% (YTD: +235.3%)

EUA futures front month (European Energy Exchange) currently at EUR 61.99 per tonne, down -0.5% (YTD: +89.5%)

CO2 EUA Front-Month Futures Prices | Sources: phipost.com, Refinitiv data