Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>The Holy Grail of Commodity Trading? If there is a holy grail of commodity trading, I would say it’s becoming a master in reading the movements in the futures forward curve.</li><li>Knowing how futures contracts change and how the curve shifts from contango to backwardation, and vice versa, gives commodity traders a lot of useful info about the physical supply and demand.</li><li>While many market participants argue about the meaning and definition of backwardation and contango, the direction in which the spreads are actually moving is far more important to us.</li></ul>

The Holy Grail of Commodity Trading? If there is a holy grail of commodity trading, I would say it’s becoming a master in reading the movements in the futures forward curve.Knowing how futures contracts change and how the curve shifts from contango to backwardation, and vice versa, gives commodity traders a lot of useful info about the physical supply and demand.While many market participants argue about the meaning and definition of backwardation and contango, the direction in which the spreads are actually moving is far more important to us.

The Holy Grail of Commodity Trading // Shipping Rates Explosion

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Copper market may be running ahead of a fundamental story, with extreme tightening in the copper concentrate market</li><li>Chinese demand has stepped back due to surging copper prices, but expected to acclimatize to higher price levels</li><li>Supply side challenges may take a couple more quarters to resolve, leading towards a tighter refined market in the future and potential supply shortfalls by 2030.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Copper market may be running ahead of a fundamental story, with extreme tightening in the copper concentrate marketChinese demand has stepped back due to surging copper prices, but expected to acclimatize to higher price levelsSupply side challenges may take a couple more quarters to resolve, leading towards a tighter refined market in the future and potential supply shortfalls by 2030.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Takeaways from CESCO Copper Week — The only way out is up

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

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.

<ul>
<li>Copper supply facing headwinds with a shortage of copper ore which has led to spiraling copper refining margins.</li>
<li>Copper futures trading sharply higher than cash prices and term structure for copper futures has steepened. </li>
<li>Gold to copper ratio can be used to express a bullish view on copper prices with relatively lower risk compared to a straightforward long copper position. </li>
</ul>


Copper supply facing headwinds with a shortage of copper ore which has led to spiraling copper refining margins.
Copper futures trading sharply higher than cash prices and term structure for copper futures has steepened. 
Gold to copper ratio can be used to express a bullish view on copper prices with relatively lower risk compared to a straightforward long copper position. 


<ul><li>Goldman also highlights that cyclical risks from the business cycle are fading.</li><li>An upswing in the global industrial cycle typically leads to broad metals upside over the next 12 months the investment bank added.</li><li>According to data from PIERS, a trade flow analytics tool within S&amp;P Global, Baltimore port held just 4% share of the total trade volumes on the East Coast compared with other major regional ports like New York, with a nearly 38% share according to S&amp;P Global.</li></ul>

Goldman also highlights that cyclical risks from the business cycle are fading.An upswing in the global industrial cycle typically leads to broad metals upside over the next 12 months the investment bank added.According to data from PIERS, a trade flow analytics tool within S&amp;P Global, Baltimore port held just 4% share of the total trade volumes on the East Coast compared with other major regional ports like New York, with a nearly 38% share according to S&amp;P Global.

What the Baltimore Bride Collapse Means for Commodities

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.

<ul><li>The copper market has experienced significant changes in the past few months, with supply constraints and increased demand from smelters in China.</li><li>Major incidents, such as the suspension of production at First Quantum's Cobra Panama mine, have contributed to a deficit in the market.</li><li>Treatment and refining charges (TCRCs) have been on a downtrend, reflecting the tight supply and increasing demand, leading to more spot transactions in the market.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The copper market has experienced significant changes in the past few months, with supply constraints and increased demand from smelters in China.Major incidents, such as the suspension of production at First Quantum's Cobra Panama mine, have contributed to a deficit in the market.Treatment and refining charges (TCRCs) have been on a downtrend, reflecting the tight supply and increasing demand, leading to more spot transactions in the market.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Supply Disruptions Drive Copper TC to Three-Year Low; Smelters May Cut Production

United States

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a soft, malleable and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a reddish-orange color. It is used as a conductor of heat and electricity, as a building material and as a constituent of various metal alloys, such as Sterling silver used in jewelry, cupronickel used to make marine hardware and coins and constantan used in strain gauges and thermocouples for temperature measurement.

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Copper (COPPER COMDTY)

The Holy Grail of Commodity Trading // Shipping Rates Explosion

The Holy Grail of Commodity Trading? If there is a holy grail of commodity trading, I would say it’s becoming a master in reading the movements in...

The Commodity Report

Global Commodities: Takeaways from CESCO Copper Week — The only way out is up

The copper market is facing tightness due to upstream tightening in concentrate market, slack refined copper market in China, and surging prices...

At Any Rate

Will Copper Shine Brighter than Gold?

Copper supply shortage causing refining margins to rise, futures trading higher than cash prices. Gold to copper ratio can be used to express...

Mint Finance

What the Baltimore Bride Collapse Means for Commodities

According to data from PIERS, a trade flow analytics tool within S&P Global, Baltimore port held just 4% share of the total trade volumes on the...

The Commodity Report

Supply Disruptions Drive Copper TC to Three-Year Low; Smelters May Cut Production

The suspension of First Quantum's Cobra Panama mine has caused a copper deficit, leading to a decrease in treatment and refining charges, increased...

Commodities Focus

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Holy Grail of Commodity Trading // Shipping Rates Explosion

The Holy Grail of Commodity Trading? If there is a holy grail of commodity trading, I would say it’s becoming a master in reading the movements in...

The Commodity Report

Global Commodities: Takeaways from CESCO Copper Week — The only way out is up

The copper market is facing tightness due to upstream tightening in concentrate market, slack refined copper market in China, and surging prices...

At Any Rate

Will Copper Shine Brighter than Gold?

​Copper supply shortage causing refining margins to rise, futures trading higher than cash prices. Gold to copper ratio can be used to express...

Mint Finance

What the Baltimore Bride Collapse Means for Commodities

According to data from PIERS, a trade flow analytics tool within S&P Global, Baltimore port held just 4% share of the total trade volumes on the...

The Commodity Report

Supply Disruptions Drive Copper TC to Three-Year Low; Smelters May Cut Production

The suspension of First Quantum's Cobra Panama mine has caused a copper deficit, leading to a decrease in treatment and refining charges, increased...

Commodities Focus

Copper supply shortage causing refining margins to rise, futures trading higher than cash prices. Gold to copper ratio can be used to express...