Podcast by S&P analysing commodity market trends, Commodities Focus

Commodities Focus

Podcast by S&P analysing commodity market trends

S&P Global Commodity Insights analysis of key news and pricing issues from across the global shipping, natural gas, power, petrochemicals, agriculture, and coal markets.

Cross Asset Strategy

<ul><li>Direct Reduced Iron (DRI) is playing a significant role in India's steel industry, accounting for 33% of total steel output</li><li>India's DRI market is characterized by rapid growth driven by steel production targets and sustainable steel making practices</li><li>DRI production is concentrated in central and eastern parts of India, with states like Chhattisgarh and Odisha being prominent producers and trade hubs.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Direct Reduced Iron (DRI) is playing a significant role in India's steel industry, accounting for 33% of total steel outputIndia's DRI market is characterized by rapid growth driven by steel production targets and sustainable steel making practicesDRI production is concentrated in central and eastern parts of India, with states like Chhattisgarh and Odisha being prominent producers and trade hubs.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Direct-reduced iron: India carving its path to meet 'green' steel ambitions

Commodities

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>Power demand in the gas market is at record highs, potentially leading to price spikes</li><li>Data center demand growth in PJM's transcozone five market could pose a risk for gas supply</li><li>Despite adequate reserve margins, heat waves can lead to price spikes and potential supply constraints in the gas market</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Power demand in the gas market is at record highs, potentially leading to price spikesData center demand growth in PJM's transcozone five market could pose a risk for gas supplyDespite adequate reserve margins, heat waves can lead to price spikes and potential supply constraints in the gas marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Thematic (Sector/Industry)

<ul><li>UK refining sector facing challenges including competition from overseas refineries, transition to electric vehicles, and sustainability targets in aviation</li><li>Closure of Grangemouth refinery in 2025 highlights broader trend of refinery closures in UK</li><li>Exxon Mobil's Forli refinery investing in new diesel production capacity to address UK's growing diesel deficit and decrease diesel imports by a quarter</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

UK refining sector facing challenges including competition from overseas refineries, transition to electric vehicles, and sustainability targets in aviationClosure of Grangemouth refinery in 2025 highlights broader trend of refinery closures in UKExxon Mobil's Forli refinery investing in new diesel production capacity to address UK's growing diesel deficit and decrease diesel imports by a quarterThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

UK Oil Refining Struggles in the Age of Energy Transition

<ul><li>Gas producers are responding to weak prices in 2024 by cutting capital spending by 8-17%.</li><li>Production hit all-time highs at the end of 2023, but has since decreased with a surplus in gas storage.</li><li>Operators are managing risks of potential future demand by building up duck inventory and focusing on operational momentum.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Gas producers are responding to weak prices in 2024 by cutting capital spending by 8-17%.Production hit all-time highs at the end of 2023, but has since decreased with a surplus in gas storage.Operators are managing risks of potential future demand by building up duck inventory and focusing on operational momentum.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

How Are Gas Operators Navigating the Difficult Gas Environment in 2024?

<ul><li>Developers scrambled to advertise projects to potential investors in the US between 2021-2023</li><li>Prices for lithium reached all time highs due to impact of COVID on supply chains</li><li>Prices have since plunged nearing a three-year low, causing uncertainty for companies with viable projects and automakers scaling back EV production forecasts</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Developers scrambled to advertise projects to potential investors in the US between 2021-2023Prices for lithium reached all time highs due to impact of COVID on supply chainsPrices have since plunged nearing a three-year low, causing uncertainty for companies with viable projects and automakers scaling back EV production forecastsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Lithium producers pump brakes on North American projects amid low prices