Analysis: Commodities

Ferocious CME copper squeeze presages future turbulence: Andy Home

The copper rally turned ugly this week, morphing into a ferocious short squeeze on the U.S. contract operated by CME Group. CME cash copper hit a record high of $5.1775 a lb, or $11,414...

The outlook for resources, May 2024

Perennial Partners Portfolio Manager and Resources Analyst Sam Berridge discusses the outlook for resources.

China iron ore imports likely at peak, demand composition to shift: Russell

China's demand for imported iron ore has most likely peaked, but the composition of future imports are likely to shift as the world's biggest steel producer seeks to decarbonise. China,...

Investors abandon bullish case for US gasoline: Kemp

U.S. gasoline prices and refining margins have come under pressure as inventories deplete more slowly than normal for this time of year, indicating supplies are plentiful, and undermining the bullish...

Analysis : U.S. Gasoline Marketers May Face Tough Demand Challenge in June -- OPIS

Baseball fans are familiar with the term June swoon. And U.S. refiners and fuel marketers are worried that description could apply to their businesses should gasoline demand remain weak. Gasoline...

ICE Canada Weekly Outlook : Strong Market Running Into Resistance

WINNIPEG, Manitoba--ICE futures canola contracts ran into resistance after hitting their highest levels in five months on May 13, with a fresh catalyst likely needed to keep values pointed higher. ...

Commodities Overview: Oil slips, copper rises and wheat soars

Each week, the Commodity Overview provides an outline of the latest developments in the commodities markets to help you better understand the fluctuations in the prices of energy, metals and...

Nymex Overview : Gasoline Futures Rise Following EIA Report -- OPIS

Gasoline futures were advancing while crude and diesel contracts bounced off earlier declines to struggle close to positive territory Wednesday following the release of bullish federal inventory and...

Weak Asia refining margins see swing to crude from the Americas: Russell

The profit from turning a barrel of crude oil into fuels in Asia is at the lowest in seven months, which is leading refiners to turn away from expensive Middle East grades and seek cheaper...

DEUTSCHE BANK SAYS THEY ARE DOWNGRADING OUTLOOK FOR PGMS…

DEUTSCHE BANK SAYS THEY ARE DOWNGRADING OUTLOOK FOR PGMS ...

Tin prices may see further support from supply risks, rate cuts, analysts say

Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate...

Formerly bullish investors dump oil as demand disappoints: Kemp

Investors sold petroleum futures and options in the most recent week at the fastest rate for a year as the war risk premium continued to evaporate and the anticipated strong recovery in consumption...

China's commodity imports show prices beat economic narrative: Russell

China's imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation...

Platinum, palladium, rhodium prices seen down in 2024 despite deficit, Metals Focus says

Average prices for platinum, palladium and rhodium are expected to fall this year compared with 2023 despite another year of structural deficit for all the three metals of the group, consultancy...

China's commodity imports show prices beat economic narrative: Russell

China's imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation...

Renewable fuels take bite out of US diesel consumption: Kemp

Biodiesel and other renewable diesel fuel oils are displacing a small but growing volume of petroleum-derived distillate fuel oil in the United States, especially in California and other parts of the...

Are 2024 Chicago corn futures mimicking those of 2014? -Braun

Industry analysts spent much of 2023 deciding whether new-crop Chicago corn futures were tracking more closely with 2012 or 2013, though 2013 was certainly the better analog in the end. ...

Russia will re-sow crops killed by frost, TASS says

Russian regions hit by frosts this month will re-sow crops that were killed by the cold, state news agency TASS quoted the agriculture ministry as saying on Thursday. Three of Russia's...

Are 2024 Chicago corn futures mimicking those of 2014? -Braun

Industry analysts spent much of 2023 deciding whether new-crop Chicago corn futures were tracking more closely with 2012 or 2013, though 2013 was certainly the better analog in the end. ...