Five Key Charts to Watch in Global Commodities This Week
The Louis Bleriot container ship sails southbound to exit the Suez Canal in Egypt last month.
Photographer: Stringer/BloombergHouthi attacks on merchant shipping in the Red Sea continue to menace global trade, threatening food supplies and delaying oil deliveries to Europe as tankers switch routes to travel the longer way around Africa. Even so, crude futures remain subdued as are charter rates to at least one destination. Meanwhile, a price slump deepens for minerals critical to electric-vehicle batteries just as Tesla Inc. is poised to report quarterly earnings, shedding light on EV adoption. Agriculture traders will be closely monitoring the US Department of Agriculture’s monthly cold storage report Wednesday for clues on demand.
Here are five notable charts to consider in global commodity markets as the week gets underway.