Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Commodities

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

<ul>
<li>The Drill: Could nuclear be the next Trump bet?</li>
<li>This week’s The Drill examines commodities in the aftermath of Trump’s election, where calm has begun to return as risks were initially overestimated.</li>
<li>Nuclear energy is likely an underappreciated theme in the new Trump administration, while tariff threats appear overblown.</li>
</ul>


The Drill: Could nuclear be the next Trump bet?
This week’s The Drill examines commodities in the aftermath of Trump’s election, where calm has begun to return as risks were initially overestimated.
Nuclear energy is likely an underappreciated theme in the new Trump administration, while tariff threats appear overblown.


The Drill: Commodities post Trump election

CEO, Helixtap

Farah Miller

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

SGX Technically Specified Rubber 20 (TSR20) Futures: Effective from 16th May 2011, this contract will be migrated from SICOM platform to the SGX-DT platform. It will cease trading on SICOM at the close of business day Friday, 13th May 2011. Trading hours are revised as 7.55am to 6.00pm (no lunch break). Please refer to SGX products website for the new revised contract specifications. Exchange symbol: TF. Product Specifications: https://www2.sgx.com/derivatives/products/sicom-rubber?cc=TF

<ul><li>Rubber Meet spots Risk Center, EUDR, industry academy as priorities</li><li>RAOT delegation holds talks with APROMAC top brass</li><li>Ivory Coast cup lump exports ban to stay, says APROMAC official</li></ul>

Rubber Meet spots Risk Center, EUDR, industry academy as prioritiesRAOT delegation holds talks with APROMAC top brassIvory Coast cup lump exports ban to stay, says APROMAC official

Ivory Coast Lists Four Point Strategy To Place Its Rubber Globally

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

<ul>
<li>WTI futures dropped 4.77% for the week ending 15/Nov, pressured by a bleak demand outlook, a rising dollar, and weak economic data from China.</li>
<li>WTI options Put/Call volume ratio rose to 1.00 from 0.66 (08/Nov) last week, as call volume dropped by 57.3% WoW and put volume fell by 35.4%.  </li>
<li>WTI OI PCR climbed to 0.86 from 0.77 (08/Nov) last week. Call OI fell by 37.9% WoW, while put OI fell by 29.9%.</li>
</ul>


WTI futures dropped 4.77% for the week ending 15/Nov, pressured by a bleak demand outlook, a rising dollar, and weak economic data from China.
WTI options Put/Call volume ratio rose to 1.00 from 0.66 (08/Nov) last week, as call volume dropped by 57.3% WoW and put volume fell by 35.4%.  
WTI OI PCR climbed to 0.86 from 0.77 (08/Nov) last week. Call OI fell by 37.9% WoW, while put OI fell by 29.9%.


[US Crude Oil Options Weekly 2024/46] WTI Dropped Amid Weak Demand Outlook and Strong Dollar

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

<ul>
<li>US natural gas prices rose 5.77% for the week ending 15/Nov, buoyed by forecasts of cooler weather, rising US LNG exports, and declining production.</li>
<li>Henry Hub Put/Call volume ratio sharply rose to 1.08 from 0.65 (08/Nov) the previous week as put volumes rose by 53.5% WoW, while call volumes fell by 7.0%. </li>
<li>Call OI increased for December, January, February, and March expirations, while put OI was substantial for November, April, May, June, and July contracts.</li>
</ul>


US natural gas prices rose 5.77% for the week ending 15/Nov, buoyed by forecasts of cooler weather, rising US LNG exports, and declining production.
Henry Hub Put/Call volume ratio sharply rose to 1.08 from 0.65 (08/Nov) the previous week as put volumes rose by 53.5% WoW, while call volumes fell by 7.0%. 
Call OI increased for December, January, February, and March expirations, while put OI was substantial for November, April, May, June, and July contracts.


[US Nat Gas Options Weekly 2024/46] Henry Hub Prices Increased as Demand Outlook Improved

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH).n(H2O)) or siderite (FeCO3, 48.2% Fe).

<ul>
<li>SGX Iron Ore Futures dropped to USD 96.71/ton, down USD 5.49/ton, hitting a low of USD 96.30/ton amid pressure from declining housing prices and industrial output in China.</li>
<li>Chinese portside inventories increased by 120k tons WoW to 148.51m tons last week, while average daily port discharge volumes rose by 131k tons WoW to 3.18m tons.</li>
<li>Despite weak economic data from China, SGX Iron Ore Futures may rebound in November-December as pre-Lunar New Year restocking boosts steel demand.</li>
</ul>


SGX Iron Ore Futures dropped to USD 96.71/ton, down USD 5.49/ton, hitting a low of USD 96.30/ton amid pressure from declining housing prices and industrial output in China.
Chinese portside inventories increased by 120k tons WoW to 148.51m tons last week, while average daily port discharge volumes rose by 131k tons WoW to 3.18m tons.
Despite weak economic data from China, SGX Iron Ore Futures may rebound in November-December as pre-Lunar New Year restocking boosts steel demand.


IO Weekly Technicals Review [2024/46]: IO to Rise on Seasonality

Analysis of underlying commodity demand & supply

Commodities
Analysis of underlying commodity demand & supply

The Drill: Commodities post Trump election

The Drill: Could nuclear be the next Trump bet? This week’s The Drill examines commodities in the aftermath of Trump’s election, where calm has...

Steno Research

Ivory Coast Lists Four Point Strategy To Place Its Rubber Globally

The third largest producer of Natural Rubber in the world, the Ivory Coast, and its key catalyst in the NR sector, the Association of Natural...

Helixtap

[US Crude Oil Options Weekly 2024/46] WTI Dropped Amid Weak Demand Outlook and Strong Dollar

WTI futures dropped 5.8% for the week ending on 15/Nov due to weak demand, a strong dollar, and poor Chinese economic data. The put/call volume...

Mint Finance

[US Nat Gas Options Weekly 2024/46] Henry Hub Prices Increased as Demand Outlook Improved

US natural gas prices rose last week due to cooler weather forecasts, increased LNG exports, and declining production. Henry Hub Put/Call ratio...

Mint Finance

IO Weekly Technicals Review [2024/46]: IO to Rise on Seasonality

SGX Iron Ore Futures drop due to China's economic woes, as housing prices decline further and industrial output drops but rebound on the horizon...

Mint Finance

The Drill: Commodities post Trump election

The Drill: Could nuclear be the next Trump bet? This week’s The Drill examines commodities in the aftermath of Trump’s election, where calm has...

Steno Research

Ivory Coast Lists Four Point Strategy To Place Its Rubber Globally

The third largest producer of Natural Rubber in the world, the Ivory Coast, and its key catalyst in the NR sector, the Association of Natural...

Helixtap

[US Crude Oil Options Weekly 2024/46] WTI Dropped Amid Weak Demand Outlook and Strong Dollar

​WTI futures dropped 5.8% for the week ending on 15/Nov due to weak demand, a strong dollar, and poor Chinese economic data. The put/call volume...

Mint Finance

[US Nat Gas Options Weekly 2024/46] Henry Hub Prices Increased as Demand Outlook Improved

​US natural gas prices rose last week due to cooler weather forecasts, increased LNG exports, and declining production. Henry Hub Put/Call ratio...

Mint Finance

IO Weekly Technicals Review [2024/46]: IO to Rise on Seasonality

​SGX Iron Ore Futures drop due to China's economic woes, as housing prices decline further and industrial output drops but rebound on the horizon...

Mint Finance

WTI futures dropped 5.8% for the week ending on 15/Nov due to weak demand, a strong dollar, and poor Chinese economic data. The put/call volume...

US natural gas prices rose last week due to cooler weather forecasts, increased LNG exports, and declining production. Henry Hub Put/Call ratio...

SGX Iron Ore Futures drop due to China's economic woes, as housing prices decline further and industrial output drops but rebound on the horizon...