Posted by Liquidity in the oil market has been as shitty as it gets. Can’t trust price movements when open interest is so low pic.twitter.com/FPMorLQtQG
— Gianluca (@MenthorQpro) June 23, 2022
Commodity prices have been the backbone of rising inflation expectations and stronger MoM CPI prints
While you might have noticed Copper taking a bath, the real interesting thing is that Agri Commodities are experiencing a drawdown too while supply bottlenecks haven't eased
2/9 pic.twitter.com/2BTKDukDeC
— Alf (@MacroAlf) June 22, 2022
The price of gas is what impacts consumers the most on a daily basis (and gas prices are in fact retreating modestly). However the following chart from @Bloomberg gives a glimmer of hope that commodity prices are retreating. It is worth noting that copper is at a 10 month low. pic.twitter.com/sTWmgsRHay
— The Boyar Value Group (@BoyarValue) June 23, 2022
Most commodities futures open down on Thursday in China, #PalmOil is down 4%. #Tin and #Nickel are still weak, dropping 3% to fresh lows.
Coking coal -0.9%, #IronOre -0.7%, while coke +0.77%. pic.twitter.com/6fM7yCxgWM— CN Wire (@Sino_Market) June 23, 2022
🐻 The most severe bear market for aluminium occurred between July 2008 and March 2009, when prices plummeted 60%.
*But that was the GFC – So all bets were off. https://t.co/GPicy1t05R pic.twitter.com/CLJrHhA3G6
— PiQ (@PriapusIQ) June 20, 2022
⚡China's most active palm oil futures open down 5%, soybean oil down 4.7%, tin down 4.5%, crude oil down 4.1%, fuel down 3.6%, nickel down 2.7%, iron ore down 1.9%. #China #Commodities pic.twitter.com/fT9wBQDz8g
— CN Wire (@Sino_Market) June 22, 2022
Coking coal opens 2.85% higher on Thursday in Dalian, China, #zinc, thermal coal, and coke futures are rising more than 1%. Steel rebar, hot-rolled coils are up slightly while #ironore is dropping 1.4%.#Tin continues its weakeness, down 1.5%, heading to a fresh low since August. pic.twitter.com/AQjgC6DgmM
— CN Wire (@Sino_Market) June 22, 2022
Coking #coal futures open down 5% on Tuesday morning in China, following yesterday's downturn. Coke is down 3% and #IronOre drops 2.6% but paring loss swiftly.#Nickel rises 2.4%, #tin is up 1%. pic.twitter.com/SHlPGUx6o6
— CN Wire (@Sino_Market) June 21, 2022
🚨Iron ore and coke are plummeting 9% in China, and coking coal is down 6.45%, HRC and steel rebar futures are dropping more than 5%.
Crude oil is down 4.23% in Shanghai.#China #futures #Ironore pic.twitter.com/K6VK9Wmv0m— CN Wire (@Sino_Market) June 20, 2022