Commodity
markets, connected.
Independent reports on physical markets, trade flows and the forces moving commodities across the world.
Europe's Two-Front Energy Squeeze: LNG and Diesel Markets Tighten
Europe enters winter exposed to tighter LNG and diesel markets as competition with Asia and uncertainty over U.S. fuel exports raise the cost of securing marginal energy supply.
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View all reports →Peru’s Copper Value Chain: From Mine to Global Market
A trading-oriented map of Peru’s copper value chain, from mine ownership and logistics to offtake, blending, TC/RCs and export destinations.
U.S.-Venezuela Oil Deal
A look at the structure of the U.S.-Venezuela oil agreement, what Washington gains, why Caracas may accept it, and the political and commercial risks surrounding the deal.
Why Copper Trades Beyond the Headline Price
Benchmark copper is only one layer of the market. Treatment charges, location, inventories and product form shape the physical picture.
Reports
Longer-form reporting and analysis across commodity markets, organised by date rather than by sector.
NETBACK follows the links between price, place, logistics and physical supply.
NETBACK is an independent publication focused on the developments shaping global commodity markets. Reports can move across energy, metals, agriculture, freight and macro themes whenever the market story crosses traditional sector boundaries.
The aim is simple: explain what changed, why it matters and how the pieces of the physical market fit together.
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