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FT Mercati provides subscribers with a dedicated commodities news bulletin to stay up-to-date.
Here is a selection of the latest news:
7/19/2024
According to OPEC in its July monthly report, crude oil demand in the main countries was estimated for 2025 as follows (million barrels/day - annual performance)
USA = 20.57 in 2025 (+0.21%);
Latin America = 7.07 in 2025 (+2.91%);
Europe = 13.45 in 2025 (+0.12%);
Russia = 4.01 in 2025 (+1.36%);
Middle East = 9.27 in 2025 (+4.30%);
China = 17.53 in 2025 (+2.40%);
India = 5.80 in 2025 (+4.09%).
7/19/2024
According to OPEC in its July monthly report, crude oil demand in the main countries was estimated for 2024 as follows (million barrels/day - annual performance)
USA = 20.53 in 2024 (+0.81%);
Latin America = 6.87 in 2024 (+2.69%);
Europe = 13.44 in 2024 (-0.08%);
Russia = 3.95 in 2024 (+2.90%);
Middle East = 8.89 in 2024 (+2.96%);
China = 17.12 in 2024 (+4.64%);
India = 5.58 in 2024 (+4.36%).
7/19/2024
OPECNA, the news agency of OPEC, announced the OPEC Basket preliminary price
18 JULY = $ 84.43 /b (down from previous daily value)
(The OPEC Reference Basket (ORB) introduced on 16 June 2005, is currently made up of the following: Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia , UAE and Venezuela.
7/19/2024
In the summary below, the margins of the main metals (all unchanged from the previous update).
COPPER (25 tonnes per lot) = $700/tonne - $17,500/lot ;
ALUMINIUM HG (25 tonnes per lot)= $174/tonne - $4,350/lot ;
ALUMINIUM ALLOY (20 tonnes per batch)= $305 $/tonne - $6,100/lot ;
NICKEL (6 tonnes per lot) = 2,863 $/tonne - 17,178 $/lot ;
LEAD (25 tonnes per lot)= $165/tonne - $4,125/lot ;
TIN (5 tonnes per lot)= $3,671/tonne - $18,355/lot ;
ZINC (25 tonnes per lot)= $254/tonne - $6,350/lot .
7/19/2024
North American primary aluminium production was increasing in first 5 month 2024 compared to same period of 2023, according to the International Aluminium Institute (IAI).
Primary aluminum production in North America was 1667 thousand tons compared to 1588 in 2023 (+4.97% YoY).
7/19/2024
According to preliminary data from International Aluminium Institute (IAI), in may 2024, primary aluminium daily average global production was 197,900 tons. According to preliminary data, total aluminium production was 6,134,000 tonnes (+3.8% MoM e +3.4% YoY) .
Moreover, the production by continent was as follows (in thousands of tons):
AFRICA 129 (up) ;
North America 338 (up) ;
South America 129 (up) ;
ASIA (ex Cina) 407 (up) ;
WEST/central Europe 236 (up) ;
EAST Europe/Russia 348 (up) ;
OCEANIA 163 (up) ;
CINA 3,650 (up) .
NB: The production values showed in brackets (up) if it is higher, (down) if it is lower , (=) if it is unchanged compared to the previous month.
