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Five Key Charts to Watch in Global Commodity Markets This Week
Gasoline consumption in the US continues to increase as the summer driving season gets underway. Elsewhere, stockpiles of thermal coal at Chinese ports are on the rise, while surging copper inventories signal a softening market. Here are five charts to consider in global commodities this week. Coal Thermal coal stockpiles at China’s ports are at the highest levels since April 2020 as companies import the power-plant fuel to meet summer demand. A slowdown in consumption of the fuel in Europe means more supplies are seeking a home in Asia. That’s coinciding with higher rail shipments of domestic coal from Chinese ... (full story)