Armada Intelligence
Category archives for: Raw Materials

Gasoline and Diesel Prices Gaining on 2014.

For the majority of 2015, year-over-year gas and diesel prices have been consistently $1.00 a gallon higher than they were last year. The latest report from the AAA’s Daily Fuel Gauge Report shows that regular gasoline is now about .99 cents lower than it was a year ago.  Diesel is still about $1.05 lower.  But, […]

Industrial Metals Performing Better.

industrial

When we look at the industrial metals complex, we can see some stronger performance in some of the metals. The entire industrial metals group is up 7.9% in the past thirty days and 2.4% YTD. Aluminum is doing better as a specific commodity, up 6.8% in the last month and 2.5% higher YTD.   Copper […]

Ag Commodities Getting Crushed.

AG

It’s early in the year, but agricultural commodities are getting crushed as oversupply and weaker global demand start to weigh on prices. The S&P GSCI Indices show us the last 35 days and the YTD performance in the sector.   The top line agriculture segment is down 12.4% YTD and nearly 3% in just the […]

Weaker Dollar, Geopolitics, and Oil Sees Nearly $60 a Barrel. $

Crude050115

We talked a little bit about this last week, but as the US dollar weakens, energy prices will instantly respond by increasing.   As we can see in the six month chart from Nasdaq at right, West Texas Intermediate has increased from $46 a barrel to nearly $60 in trading on Thursday. Some of this was […]

Brent Crude Surges on Iran Naval Vessel Boarding Rumor. $

crude042915

Brent North Sea Crude has shot up (slightly) to $64.52 a barrel on a report out today that Iran boarded a foreign flagged vessel.  The vessel was the Maersk Tigris, a ship flying under the Marshall Islands flag. According to US sources, Iranian gunboats fired across the bow of the cargo ship and “forced it […]

What the Transports are Telling Us about the Economy.

It’s a theme we continue to write about. Transportation continues to be one of the key barometers of economic activity. When the transportation sector is moving, America is moving (to borrow an old phrase).   There are also two different components to transportation that we have to consider. Those segments that move raw materials are […]

China Steel Market Woes Continue.

When we think about the Chinese steel industry (as a barometer for economic activity), we see prices down across the board. How do we explain it? Is it an oversupply issue? Or, is it one of not enough new construction and a real underweight in the Chinese economy?  In either case, it doesn’t matter too […]

Saudi Arabia Wields the Crude Oil Sword. $

Crude

When your enemies get the majority of their GDP from oil and you sit on top of a mound of cash and have a ton of the commodity yourself, it can become a tool of war. Saudi Arabia boosted their crude oil output by 659,000 barrels in March to average about 10.3 million per day […]

Crude Oil Inching Up. $

Crude oil prices are inching up once again largely because of two factors. First, there is some evidence now that the impact of low oil prices is having a material impact on output in the shale oil sector. What investors now believe is happening is that enough investment has been cut that total output is […]

Gasoline Price Update

We just wanted to show you that gasoline prices are still $1.18 per gallon lower than they were a year ago. Despite some more aggressive exporting by US refineries, we are still not seeing any major changes in prices at the pump – yet. What we want to watch over the next several weeks is […]

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