Commodities

Energy Commodities Rise, Nat Gas At Highest Since 2014; Other Commodity Groups Fall

Thermal goal and natural gas have been rising in tandem: the US Energy Information Administration forecasts that high natural gas prices will push coal's share of power generation up from 20% in 2020 to 24% in 2021

Published ET

Thermal Coal vs. Natural Gas Front-Month Futures Prices | Source: Refinitiv

Thermal Coal vs. Natural Gas Front-Month Futures Prices | Source: Refinitiv


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NOTABLE GAINERS TODAY

  • Zhengzhou Exchange Thermal Coal up 6.5% (YTD: 45.5%)
  • NYMEX Henry Hub Natural Gas up 5.9% (YTD: 106.0%)
  • SHFE Aluminum up 3.6% (YTD: 49.9%)
  • SMM Lithium Metal Spot Price Daily up 2.6% (YTD: 59.8%)
  • SMM Rare Earth Dysprosium Oxide Spot Price Daily up 2.5% (YTD: 35.8%)
  • SMM Rare Earth Terbium Oxide Spot Price Daily up 2.5% (YTD: 13.8%)
  • DCE Iron Ore Continuation Month 1 up 2.3% (YTD: -21.1%)
  • SHFE Copper up 2.2% (YTD: 23.6%)
  • SMM Rare Earth Dysprosium Iron Alloy Spot Price Daily up 2.2% (YTD: 35.9%)
  • ICE Europe Low Sulphur Gasoil up 1.6% (YTD: 46.2%)
  • SMM Rare Earth Dysprosium Metal Spot Price Daily up 1.5% (YTD: 37.2%)
  • SMM Rare Earth Terbium Metal Spot Price Daily up 1.5% (YTD: 13.4%)
  • ICE-US Cocoa up 1.3% (YTD: 2.8%)
  • NYMEX Light Sweet Crude Oil (WTI) up 1.0% (YTD: 45.2%)
  • Crude Oil WTI Cushing US FOB up 1.0% (YTD: 45.9%)

NOTABLE LOSERS TODAY

  • DCE Coking Coal Continuation Month 1 down -7.7% (YTD: 97.0%)
  • Johnson Matthey Rhodium New York 0930 down -7.6% (YTD: -15.0%)
  • SGX Iron Ore 62% China CFR Swap Monthly down -3.2% (YTD: -18.1%)
  • Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) down -2.6% (YTD: -16.8%)
  • Palladium spot down -2.3% (YTD: -14.7%)
  • CME Lean Hogs down -2.0% (YTD: 14.9%)
  • COMEX Copper down -1.9% (YTD: 24.2%)
  • WUXI Metal Cobalt Bi-Monthly down -1.8% (YTD: 34.0%)
  • CME Cattle(Feeder) down -1.3% (YTD: 9.5%)
  • CBoT Corn down -1.2% (YTD: 2.6%)
  • CME Live Cattle down -0.9% (YTD: 8.3%)
  • DCE Coke down -0.9% (YTD: 51.3%)
  • ICE-US Cotton No. 2 down -0.9% (YTD: 20.9%)
  • ICE-US Coffee C down -0.7% (YTD: 43.7%)
  • SHFE Nickel down -0.6% (YTD: 23.6%)
GSCI Sub-indices Today | Sources: ϕpost, FactSet dataGSCI Equal-Weighted Total Return Index | Sources: ϕpost, Refinitiv data

ENERGY UP TODAY

  • WTI crude front month currently at US$ 70.70 per barrel, up 1.0% (YTD: +45.2%); 6-month term structure in widening backwardation
  • Brent crude front month currently at US$ 73.69 per barrel, up 0.8% (YTD: +41.9%); 6-month term structure in tightening backwardation
  • Brent volatility at 28.4, down -1.1% (12-month range: 26.1 - 43.4)
  • Newcastle Coal (ICE Europe) currently at US$ 177.50 per tonne, down -0.1% (YTD: +120.5%)
  • Natural Gas (Henry Hub) currently at US$ 5.21 per MMBtu, up 5.9% (YTD: +106.0%)
  • Gasoline (NYMEX) currently at US$ 2.17 per gallon, up 0.3% (YTD: +53.4%); 6-month term structure in widening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 616.75 per tonne, up 1.6% (YTD: +46.2%)
GSCI Energy | Sources: ϕpost, FactSet dataWTI, Brent 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

BASE METALS DOWN TODAY

  • Copper (COMEX) currently at US$ 4.36 per pound, down -1.9% (YTD: +24.2%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 851.50 per tonne, up 2.3% (YTD: -21.1%)
  • Aluminum (Shanghai) currently at CNY 22,780 per tonne, up 3.6% (YTD: +49.9%)
  • Nickel (Shanghai) currently at CNY 148,400 per tonne, down -0.6% (YTD: +23.6%)
  • Lead (Shanghai) currently at CNY 14,890 per tonne, up 0.3% (YTD: +2.5%)
  • Rebar (Shanghai) currently at CNY 5,600 per tonne, down -0.1% (YTD: +32.7%)
  • Tin (Shanghai) currently at CNY 257,390 per tonne, up 0.5% (YTD: +72.7%)
  • Zinc (Shanghai) currently at CNY 22,640 per tonne, up 0.4% (YTD: +9.9%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 372,500 per tonne, unchanged (YTD: +35.9%)
  • Lithium (Shanghai) spot price currently at CNY 775,000 per tonne, up 2.6% (YTD: +59.8%)
GSCI Base Metals | Sources: ϕpost, FactSet dataLME Base Metals 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

PRECIOUS METALS DOWN TODAY

  • Gold spot currently at US$ 1,790.70 per troy ounce, up 0.3% (YTD: -5.5%)
  • Gold 1-Month ATM implied volatility currently at 12.40, up 0.4% (YTD: -21.4%)
  • Silver spot unchanged at US$ 23.69 per troy ounce (YTD: -10.0%)
  • Silver 1-Month ATM implied volatility currently at 22.05, up 0.6% (YTD: -46.2%)
  • Palladium spot currently at US$ 2,092.84 per troy ounce, down -2.3% (YTD: -14.7%)
  • Platinum spot currently at US$ 960.37 per troy ounce, up 0.8% (YTD: -10.0%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 14,500 per troy ounce, down -7.6% (YTD: -15.0%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,000 per troy ounce, unchanged (YTD: +92.3%)
GSCI Precious Metals | Sources: ϕpost, FactSet dataSilver, Gold 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

AGS MIXED TODAY

  • Live Cattle (CME) currently at US$ 122.28 cents per pound, down 0.9% (YTD: +8.3%)
  • Lean Hogs (CME) currently at US$ 80.78 cents per pound, down -2.0% (YTD: +14.9%)
  • Rough Rice (CBOT) currently at US$ 13.33 cents per hundredweight, up 0.5% (YTD: +7.5%)
  • Soybeans Composite (CBOT) currently at US$ 1,272.50 cents per bushel, down -0.2% (YTD: -3.3%)
  • Corn (CBOT) currently at US$ 497.00 cents per bushel, down -1.2% (YTD: +2.6%)
  • Wheat Composite (CBOT) currently at US$ 677.25 cents per bushel, down -0.1% (YTD: +5.3%)
  • Sugar No.11 (ICE US) currently at US$ 18.98 cents per pound, up 1.0% (YTD: +22.5%)
  • Cotton No.2 (ICE US) currently at US$ 94.41 cents per pound, down -0.9% (YTD: +20.9%)
  • Cocoa (ICE US) currently at US$ 2,677 per tonne, up 1.3% (YTD: +2.8%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 4,435 per tonne, up 0.3% (YTD: +40.1%)
  • Random Length Lumber (CME) currently at US$ 505.60 per 1,000 board feet, down -0.5% (YTD: -42.1%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,045 per tonne, up 0.6% (YTD: +7.7%)
  • Soybean Oil Composite (CBOT) currently at US$ 55.80 cents per pound, up 0.1% (YTD: +28.8%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,617 per tonne, up 0.9% (YTD: +18.7%)
GSCI Agriculture | Sources: ϕpost, FactSet dataAgs 1-Month ATM Implied Vols | Sources: ϕpost, Refinitiv data

SHIPPING TODAY

  • Baltic Dry Index (Baltic Exchange) currently at 3,864, up 6.1% (YTD: +182.9%)
  • 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 495, up 35.2% (YTD: +36.4%)
  • Freightos Europe To North America East Coast Container Index currently at 6,869, unchanged (YTD: +267.5%)
  • Freightos China To North Europe Container Index currently at 14,299, up 0.0% (YTD: +152.5%)
  • Freightos North Europe To China Container Index currently at 1,501, down -0.7% (YTD: +9.1%)
  • Freightos Europe To South America West Coast Container Index currently at 5,622, unchanged (YTD: +232.3%)
Freightos Indices | Sources: ϕpost, Freightos dataBaltic Dry Index | Sources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 61.07 per tonne, up 0.2% (YTD: +86.6%)

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