Commodities

Energy And Base Metals Rise, Ags And Precious Metals Fall

The resumption of operations in the Gulf of Mexico after Ida is slower than expected, with roughly 77% of the Gulf's total oil production capacity still offline

Published ET

Nat Gas Has Almost Doubled Year To Date | Sources: ϕpost, Refinitiv data

Nat Gas Has Almost Doubled Year To Date | Sources: ϕpost, Refinitiv data

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NOTABLE GAINERS TODAY

  • NYMEX Henry Hub Natural Gas up 7.6% (YTD: 93.5%)
  • Bursa Malaysia Crude Palm Oil up 2.1% (YTD: 21.3%)
  • SMM Rare Earth Terbium Oxide Spot Price Daily up 1.9% (YTD: 8.3%)
  • Brent Forties and Oseberg Dated FOB North Sea Crude up 1.6% (YTD: 41.6%)
  • SMM Rare Earth Dysprosium Metal Spot Price Daily up 1.5% (YTD: 35.2%)
  • NYMEX Light Sweet Crude Oil (WTI) up 1.4% (YTD: 42.8%)
  • SMM Rare Earth Dysprosium Oxide Spot Price Daily up 1.4% (YTD: 32.2%)
  • Coffee Robusta Vietnam Grade 1 Wet Pol Spot up 1.4% (YTD: 33.6%)
  • Crude Oil WTI Cushing US FOB up 1.3% (YTD: 43.5%)
  • ICE Europe Brent Crude up 1.3% (YTD: 40.2%)
  • SMM Rare Earth Dysprosium Iron Alloy Spot Price Daily up 1.2% (YTD: 33.1%)
  • DCE RBD Palm Oil up 1.1% (YTD: 27.3%)
  • Brent Crude Spot Free On Board (FOB) Sullom Voe North Sea up 0.9% (YTD: 42.2%)
  • Intercontinental Exchange European Union Allowance (EUA) Yearly up 0.7% (YTD: 90.9%)
  • EEX European-Carbon- Secondary Trading up 0.7% (YTD: 94.7%)

NOTABLE LOSERS TODAY

  • DCE Iron Ore Continuation Month 1 down -9.3% (YTD: -25.1%)
  • Palladium spot down -5.2% (YTD: -8.0%)
  • CME Random Length Lumber down -4.0% (YTD: -43.0%)
  • DCE Coking Coal Continuation Month 1 down -3.5% (YTD: 111.1%)
  • SGX Iron Ore 62% China CFR Swap Monthly down -2.9% (YTD: -13.6%)
  • Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) down -2.5% (YTD: -13.0%)
  • ICE-US Coffee C down -2.0% (YTD: 46.4%)
  • Platinum spot down -1.9% (YTD: -8.4%)
  • SHFE Bitumen Continuation Month 1 down -1.9% (YTD: 23.3%)
  • SHFE Rubber down -1.9% (YTD: -6.9%)
  • Silver spot down -1.6% (YTD: -9.3%)
  • CBoT Wheat down -1.5% (YTD: 9.0%)
  • Johnson Matthey Rhodium New York 0930 down -1.5% (YTD: -1.8%)
  • Zhengzhou Exchange Thermal Coal down -1.1% (YTD: 36.3%)
  • COMEX Copper down -1.1% (YTD: 20.4%)
GSCI Sub-Indices | Sources: ϕpost, FactSet dataGSCI Equal-Weighted Total Return Index | Sources: ϕpost, Refinitiv data

ENERGY UP TODAY

  • WTI crude front month currently at US$ 69.17 per barrel, up 1.4% (YTD: +42.8%); 6-month term structure in widening backwardation
  • Brent crude front month currently at US$ 72.46 per barrel, up 1.3% (YTD: +40.2%); 6-month term structure in widening backwardation
  • Brent volatility at 27.8, down -1.4% (12-month range: 26.1 - 43.4)
  • Newcastle Coal (ICE Europe) currently at US$ 177.35 per tonne, up 0.1% (YTD: +120.3%)
  • Natural Gas (Henry Hub) currently at US$ 4.91 per MMBtu, up 7.6% (YTD: +93.5%)
  • Gasoline (NYMEX) currently at US$ 2.13 per gallon, up 0.1% (YTD: +51.4%); 6-month term structure in tightening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 601.75 per tonne, up 0.5% (YTD: +43.8%)
GSCI Energy | Sources: ϕpost, FactSet dataWTI, Brent 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

BASE METALS MOSTLY UP TODAY

  • Copper (COMEX) currently at US$ 4.22 per pound, down -1.1% (YTD: +20.4%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 821.50 per tonne, down -9.3% (YTD: -25.1%)
  • Aluminium (Shanghai) currently at CNY 22,165 per tonne, up 0.5% (YTD: +39.3%)
  • Nickel (Shanghai) currently at CNY 149,150 per tonne, up 0.7% (YTD: +19.4%)
  • Lead (Shanghai) currently at CNY 15,000 per tonne, down -0.1% (YTD: +0.7%)
  • Rebar (Shanghai) currently at CNY 5,413 per tonne, down -0.1% (YTD: +28.3%)
  • Tin (Shanghai) currently at CNY 250,050 per tonne, up 0.0% (YTD: +64.7%)
  • Zinc (Shanghai) currently at CNY 22,710 per tonne, up 0.6% (YTD: +8.4%)
  • 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%)
GSCI Base Metals | Sources: ϕpost, FactSet dataLME Base Metals 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

PRECIOUS METALS TODAY

  • Gold spot currently at US$ 1,787.58 per troy ounce, down -0.3% (YTD: -5.7%)
  • Gold 1-Month ATM implied volatility currently at 12.59, down -1.3% (YTD: -19.6%)
  • Silver spot currently at US$ 23.90 per troy ounce, down -1.6% (YTD: -9.3%)
  • Silver 1-Month ATM implied volatility currently at 22.58, down -0.7% (YTD: -44.7%)
  • Palladium spot currently at US$ 2,240.40 per troy ounce, down -5.2% (YTD: -8.0%)
  • Platinum spot currently at US$ 975.23 per troy ounce, down -1.9% (YTD: -8.4%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 16,750 per troy ounce, down -1.5% (YTD: -1.8%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,000 per troy ounce, unchanged (YTD: +92.3%)
GSCI Precious Metals | Sources: ϕpost, Refinitiv data | Sources: ϕpost, FactSet dataBase Metals 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

AGS TODAY

  • Live Cattle (CME) currently at US$ 123.10 cents per pound, down 0.5% (YTD: +9.0%)
  • Lean Hogs (CME) currently at US$ 87.38 cents per pound, down -0.8% (YTD: +24.3%)
  • Rough Rice (CBOT) currently at US$ 13.10 cents per hundredweight, down 0.0% (YTD: +5.6%)
  • Soybeans Composite (CBOT) currently at US$ 1,270.75 cents per bushel, up 0.2% (YTD: -3.4%)
  • Corn (CBOT) currently at US$ 498.25 cents per bushel, up 0.5% (YTD: +2.9%)
  • Wheat Composite (CBOT) currently at US$ 700.00 cents per bushel, down -1.5% (YTD: +9.0%)
  • Sugar No.11 (ICE US) currently at US$ 19.49 cents per pound, up 0.1% (YTD: +25.8%)
  • Cotton No.2 (ICE US) currently at US$ 95.20 cents per pound, down -0.2% (YTD: +21.9%)
  • Cocoa (ICE US) currently at US$ 2,727 per tonne, down -0.9% (YTD: +4.8%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 4,538 per tonne, up 0.6% (YTD: +43.4%)
  • Random Length Lumber (CME) currently at US$ 497.50 per 1,000 board feet, down -4.0% (YTD: -43.0%)
  • TSR 20 Rubber (Shanghai) currently at CNY 10,750 per tonne, down -0.9% (YTD: +7.6%)
  • Soybean Oil Composite (CBOT) currently at US$ 57.45 cents per pound, down -0.5% (YTD: +32.6%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,720 per tonne, up 2.1% (YTD: +21.3%)
GSCI Agriculture | Sources: ϕpost, FactSet dataAgs 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

SHIPPING TODAY

  • Baltic Dry Index (Baltic Exchange) currently at 3,707, down -3.0% (YTD: +171.4%)
  • 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 366, down -1.6% (YTD: +0.8%)
  • Freightos Europe To North America East Coast Container Index currently at 6,984, up 6.6% (YTD: +273.7%)
  • Freightos China To North Europe Container Index currently at 14,299, up 0.8% (YTD: +152.5%)
  • Freightos North Europe To China Container Index currently at 1,503, down -2.2% (YTD: +9.3%)
  • Freightos Europe To South America West Coast Container Index currently at 5,622, down -0.9% (YTD: +232.3%)
Baltic Dry Index | Sources: ϕpost, Refinitiv dataFreightos Indices | Sources: ϕpost, Freightos data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 62.45 per tonne, up 0.7% (YTD: +90.9%)

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