All Commodities
Every fact sheet in the handbook, grouped by market family.
The only commodity that is also a currency: 5,000 years of monetary history, repriced daily in a London auction.
Half money, half machine part: the metal that lost photography and found the sun.
Thirty times rarer than gold, cheaper than gold since 2015, and waiting on the hydrogen economy.
The metal that rode the gasoline engine from $200 to $3,400 and is now riding it back down.
The metal of electrification: every grid upgrade, EV, and data center is a copper order.
Congealed electricity: every tonne of aluminium is roughly 14 megawatt hours of power in solid form.
The metal that broke its own exchange in 2022, then drowned in Indonesian supply.
The rust-proofing metal whose price is really a story about smelter economics.
The quietest LME metal: a closed battery loop where roughly four of every five tonnes are recycled.
The smallest LME market, soldered into every circuit board on earth.
The biggest dry bulk trade on earth, priced one shipload at a time since the 2010 benchmark collapse.
The lightest metal rode an 80,000-dollar rocket up in 2022 and a 90 percent crash back down, all before most of the world learned how it was priced.
Three quarters of the world's cobalt comes out of one country, and in 2025 that country discovered it could behave like OPEC.
After a decade in the wilderness following Fukushima, uranium tripled in three years because hedge funds, utilities, and AI data centers all wanted the same pounds.
Seventeen elements nobody can pronounce, refined almost entirely in one country, sitting inside every motor, missile, and wind turbine the other countries want to build.
Light sweet crude priced at a pipeline crossroads in Oklahoma, traded on the deepest futures contract in any commodity.
The waterborne Atlantic basin benchmark that sets the price for most of the world's internationally traded crude.
The medium sour Gulf marker that prices the crude flowing east from the Middle East to Asia's refineries.
The blendstock that becomes American gasoline once ethanol goes in at the terminal rack.
The workhorse distillate: 15 parts per million sulphur, delivered in New York Harbor, pricing trucks, trains, tractors, and furnaces.
Europe's distillate anchor: 100-tonne lots of 10 ppm diesel delivered by barge in the ARA hub.
The fuel of flight has no futures contract of its own: it trades as a differential to diesel, assessed daily by Platts.
Created by regulatory decree on January 1, 2020: the 0.5% sulphur fuel that powers the world's merchant fleet.
The lightest liquid cut: gasoline's feedstock in the West, the steam cracker's diet in the East.
The price of American gas at a Louisiana pipeline junction, now the supply anchor of the entire global LNG market.
A virtual trading point on the Dutch grid that became the price of European energy security.
The spot price of a liquefied gas cargo delivered to Northeast Asia, and the third corner of the global gas triangle.
The fuel the West retired and Asia did not: still the largest single source of electricity on earth.
The only commodity that must be made and consumed in the same instant, priced every five minutes at thousands of points on the grid.
A commodity conjured entirely from legislation: the right to emit one tonne of carbon dioxide in Europe.
The molecule America once burned as gas now crosses oceans in purpose-built ships to feed the world's crackers.
One molecule, two lives: rural heating fuel in a Minnesota winter and cracker feedstock in a Shandong PDH plant.
The most produced organic chemical on earth, and in 2026 there is far too much capacity to make it.
Once a refinery afterthought, propylene is now made on purpose in dedicated plants, mostly in China, mostly unprofitably.
The six-carbon ring at the root of styrene, nylon, and polycarbonate, pulled between the chemical industry and the gasoline pool.
The two plastics that wrap, carry, and contain the modern world, now trading futures in Dalian deeper than any Western resin market.
The biggest crop on earth, feeding livestock, fueling cars, and anchoring the oldest futures market in the world.
The bread grain whose price is now set on the Black Sea, not the Great Plains.
The oilseed superpower crop: grown in the Americas, crushed everywhere, and bought above all by China.
The protein that feeds the world's chickens and pigs, priced in Chicago and shipped from Rosario.
The cooking oil that renewable diesel turned into an energy commodity.
The premium bean that broke a 50-year price record when Brazil ran dry.
The hardy, bitter bean from Vietnam that powers the world's instant coffee and espresso blends.
The world's sweetener benchmark, priced off Brazilian cane mills that can make fuel instead.
The refined half of the sugar market, priced in London and shipped in 50-tonne lots to the world's kitchens.
The fiber that clothed the industrial revolution and once spiked to prices unseen since the American Civil War.
The chocolate bean that quadrupled in 2024 and shattered a record that had stood since 1977.
The world's biggest vegetable oil, priced in ringgit in Kuala Lumpur and burned increasingly as Indonesian biodiesel.
The breakfast-table future that went vertical as disease wiped out Florida's groves.
Record beef prices on the smallest American herd since 1951, with a flesh-eating parasite closing the border.
America's pork benchmark, cash-settled against carcasses, with China's vast hog herd as the global swing factor.
The world's most traded fertilizer: natural gas converted into 46 percent nitrogen and shipped by the bulk carrier.
The building block of all nitrogen, and a candidate clean fuel: natural gas plus air, under pressure.
Mined rock, sulphuric acid, and ammonia combined into the phosphorus that builds roots and seeds.
Mined potassium chloride: the simplest of the three nutrients, and the one a 2022 sanctions shock rewired.
The price of moving the world's rocks and grain: the most cyclical market in commodities and a real-time pulse of global trade.
The cost of floating two million barrels of crude across an ocean: a leveraged bet on oil trade flows, priced in Worldscale and watched through the Baltic Dirty Tanker Index.
The cost of shipping refined fuel to where it is burned: a market reshaped by the great post-2022 reshuffle of the world's refineries, tracked through the Baltic Clean Tanker Index.