Global Commodities：Northern summer energy demand drives down global commodity availability ~ in fundamental contrast to the BCOM crunch

Global Commodities Northern summer energy demand drives down global commodity availability - in fundamental contrast to the BCOM crunch • Global commodity inventory availability declined by -0.9% MOM through July to a three-month low of 64.3 days-of-use, from 64.9 days-ofuse in June, as rising energy demand through the Northern summer and declining crude & product inventories weighed on availability. On an ExChina basis (Ex-China CIM), the monitor, which is a proxy for globally tradeable inventories, was st ...