909 days ago
Prices of thermal and metallurgical coal are up nearly 50% since June, fueled by a ban on the import of Australian coal and government-mandated cuts to curb C02 emission. Surging prices are disrupting supply in energy-intensive sectors of the economy like steel manufacturing. China's steel sector is the country's main energy user, relying on coal as a power source and as an input to production.
910 days ago
Gold has been following inflation somewhat closely since the GFC. After the pandemic down Gold front ran a rising CPI perhaps too much too quick. Gold retreated but looks fundamentally cheap while inflation keeps on gaining traction. @Otavio Costa
911 days ago
The current commodity rally is the strongest ever so far, compared to climbs we have seen in other global recoveries. 38 recoveries are shown on this chart, all of which pushed indicators to rise above 50%. Source: Bloomberg, Arbor Research
911 days ago
Oil extended its gain from 7-year high amid a global energy crunch. Futures in New York have climbed to $80, jumping almost 6% in the last four sessions. This follows OPEC+'s decision to stick to a gradual increase despite the shortage. Source: Bloomberg
912 days ago
Despite the market facing an energy crunch, OPEC+ decided to maintain it planned gradual increase of supply, which sent futures in New York trading at $78 after a 2.3% price increase on Monday. The alliance decided to stick with 400,000 barrel a day boost, while Goldman Sachs sees an extra 650,000 barrels a day of demand later this year. Source: Bloomberg
