Origin markets
One benchmark never tells the physical story. The same tonne prices differently out of every origin — Russian pet coke under US Gulf, Brazilian beans under NOLA at harvest, tariff-priced US copper over LME. These are the differentials the physical desk actually trades.
Petroleum Coke
Fuel-grade 6.5% S, FOB US Gulf — the seaborne reference
104.50 /t
-0.82% today
🇺🇸US Gulf Coast · FOB USGC104.50Benchmark
🇷🇺Black Sea · FOB Taman86.00-18.50
🇸🇦Jubail · FOB Jubail100.50-4.000
🇻🇪José Terminal · FOB José77.50-27.00
🇮🇳West Coast India · CFR WC India117.00+12.50
Widest: José Terminal -27.00Full book →
Soybeans
CBOT-linked, FOB US Gulf export basis
431.50 /t
-0.66% today
🇺🇸US Gulf · FOB NOLA431.50Benchmark
🇧🇷Paranaguá · FOB Paranaguá422.00-9.500
🇦🇷Up River (Rosario) · FOB Up River417.50-14.00
🇨🇳China delivered · CFR China459.50+28.00
Widest: China delivered +28.00Harvest analytics ↓Full book →
Corn
CBOT-linked, FOB US Gulf export basis
198.50 /t
+0.20% today
🇺🇸US Gulf · FOB NOLA198.50Benchmark
🇧🇷Santos (safrinha) · FOB Santos191.50-7.000
🇦🇷Up River · FOB Up River188.00-10.50
🇺🇦Black Sea · FOB Pivdennyi182.50-16.00
🇯🇵NE Asia delivered · CFR NE Asia220.50+22.00
Widest: NE Asia delivered +22.00Harvest analytics ↓Full book →
Wheat
US HRW 11% pro, FOB US Gulf
245.00 /t
-0.40% today
🇺🇸US Gulf HRW · FOB USG245.00Benchmark
🇷🇺Novorossiysk · FOB Novo 12.5%217.00-28.00
🇺🇦Odesa · FOB Odesa 11.5%212.00-33.00
🇫🇷Rouen · FOB Rouen 11%233.00-12.00
🇦🇺Kwinana APW · FOB Kwinana249.00+4.000
Widest: Odesa -33.00Harvest analytics ↓Full book →
Iron Ore 62% Fe
62% Fe fines, CFR Qingdao (SGX-settled)
118.75 /t
-0.41% today
🇨🇳Qingdao delivered · CFR Qingdao118.75Benchmark
🇦🇺Pilbara · FOB Port Hedland110.95-7.800
🇧🇷Tubarão · FOB Tubarão100.15-18.60
🇮🇳Goa 58% Fe · FOB Goa91.75-27.00
Widest: Goa 58% Fe -27.00Full book →
Thermal Coal
6,000 kcal NAR, FOB Newcastle (ICE)
149.50 /t
-0.13% today
🇦🇺Newcastle · FOB Newcastle149.50Benchmark
🇿🇦Richards Bay · FOB RBCT138.00-11.50
🇮🇩Kalimantan 4,200 kcal · FOB Kalimantan87.50-62.00
🇷🇺Baltic · FOB Ust-Luga115.50-34.00
Widest: Kalimantan 4,200 kcal -62.00Full book →
Coking Coal
Premium hard coking coal, FOB Australia
262.00 /t
+0.01% today
🇦🇺Queensland · FOB DBCT262.00Benchmark
🇺🇸East Coast · FOB Hampton Roads250.00-12.00
🇲🇳Gobi · DAP Ganqimaodu207.00-55.00
Widest: Gobi -55.00Full book →
Bauxite
Guinea 45% Al2O3, CIF China
76.50 /t
-0.80% today
🇬🇳Kamsar · CIF China76.50Benchmark
🇦🇺Weipa · FOB Weipa55.00-21.50
🇮🇩Bintan · FOB Bintan62.50-14.00
Widest: Weipa -21.50Full book →
Copper
LME cash, in-warehouse
13,373.50 /t
-0.08% today
🌐LME warehouses · In-warehouse13,373.50Benchmark
🇨🇳Shanghai bonded · CIF Shanghai premium13,455.50+82.00
🇺🇸CME delivered US · CME vs LME arb13,783.50+410.00
🇨🇱Chile concentrates · FOB payable basis13,063.50-310.00
Widest: CME delivered US +410.00Full book →
Lithium Carbonate
Battery-grade carbonate, China spot (GFEX-linked)
15,250.00 /t
-0.23% today
🇨🇳China domestic · EXW China15,250.00Benchmark
🇨🇱Atacama · CIF Asia14,400.00-850.00
🇦🇺Spodumene converted · SC6 conv. equivalent14,050.00-1,200.00
Widest: Spodumene converted -1,200.00Full book →
Urea
Granular urea, FOB Middle East
385.00 /t
-0.94% today
🇸🇦Arab Gulf · FOB AG385.00Benchmark
🇷🇺Baltic · FOB Baltic363.00-22.00
🇪🇬Egypt · FOB Egypt393.00+8.000
🇺🇸US Gulf delivered · CFR NOLA (barge)403.00+18.00
🇨🇳China · FOB China373.00-12.00
Widest: Baltic -22.00Full book →
Sugar #11
Raw sugar #11, FOB Brazil (ICE-linked)
17.85 USc/lb
0.00% today
🇧🇷Santos · FOB Santos raws17.85Benchmark
🇮🇳West Coast India · FOB WC India18.70+0.850
🇹🇭Thailand · FOB Thailand hi-pol18.95+1.100
🇺🇦CAR delivered · CFR Black Sea whites21.25+3.400
Widest: CAR delivered +3.400Full book →
Brent Crude
Dated Brent, North Sea loading
78.40 /bbl
+0.23% today
🇬🇧North Sea · Dated Brent78.40Benchmark
🇷🇺Urals · FOB Primorsk66.90-11.50
🇺🇸WTI Midland · FOB Corpus Christi75.80-2.600
🇦🇪Dubai · Dubai swaps77.00-1.400
🇳🇬Bonny Light · FOB Bonny79.30+0.900
Widest: Urals -11.50Full book →
Differentials are indicative desk assessments layered over live benchmark series — calibrated to market structure (freight, quality, sanctions, policy). Connect a physical-price feed for firm quotes.