![]() ![]() This widget shows the latest week's Commitment of Traders open interest. Analysis of these related ETFs and how they are trading may provide insight to this commodity. Related ETFsįind exchange traded funds (ETFs) whose sector aligns with the same commodity grouping as the symbol you are viewing. The widget shows the Last Price of the commodity you are viewing, compared to the average last price of the same commodity for the past 18 months. They help show patterns and price trends for commodities whose prices often change with the seasons. ![]() Seasonal ChartĪ seasonal chart is designed to help you visualize how futures contracts have performed during a calendar year. This section displays additional open contracts for the futures symbol you are viewing. Click the "See More" link to see the full Performance Report page with expanded historical information. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Weighted Alpha: A measure of how much a stock or commodity has risen or fallen over a one-year period.Ī thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart.Average Volume: The average number of shares traded over the last 20 days.Volume: The total number of shares or contracts traded in the current trading session.Previous Close: The closing price from the previous trading session.Open: The opening price for the current trading session is plotted on the day's High/Low histogram.Day High / Low: The highest and lowest trade price for the current trading session.Just send a message to simon to give us a heads up.The Quote Overview page gives you a snapshot view for a specific futures symbol. During market hours, delayed exchange price information displays (Futures: 10 minute delay, CT) and new delayed trade updates are updated on the page (as indicated by a "flash"). “This phase of oversupply will ultimately sow the seeds of the battery materials super cycle over the second half of this decade.” After this, the “demand surge will more sustainably overcome current supply growth,” the analysts noted.ĭon’t hesitate to contact us with news tips. The analysts expect lithium to fall to an average of just over $16,000 in 2023. Despite their predictions, however, the Goldman analysts believe that prices could soar again after 2024. Lithium, on the other hand, is expected to see a “sharp correction,” with the metal averaging less than $54,000 per ton this year, down from a spot price of more than $60,000. ![]() Nickel is predicted to rise nearly 20% over the rest of this year to $36,500 a ton, but the analysts predict that “fundamental pressures” will be driving the price of the material lower after. The Goldman analysts predict that cobalt will likely drop to an average of $59,500 a ton about a year from now, down from about $80,000 today. The analysts noted that there has been a “surge in investor capital into supply investment tied to the long term EV demand story, essentially trading a spot driven commodity as a forward-looking equity.” This has resulted in a “fundamental mispricing” that has, in turn, “generated an outsized supply response well ahead of the demand trend,” according to a BNN Bloomberg report. While long-term prospects for battery metals are still strong due to the growing electric vehicle sector, the Goldman analysts noted that investor exuberance has led to an oversupply. The analysts noted that important battery components such as cobalt, lithium, and nickel would likely drop over the next two years. ![]()
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