보기: Market Movers Americas, July 25-29: Steep demand continues to be driving factor for US commodities

In this week's Market Movers: A heat wave drives up power and gas prices in the Pacific Northwest, European crude and Latin America products demand drive freight higher, and a major aluminum producer readies to update the market on output.

Starting with power and gas, a heat wave is forecast to hit the Pacific Northwest this week, with temperatures expected near 110 degrees Fahrenheit in some areas. In anticipation of this, we saw Mid-C spot power prices jump 125% on Friday to trade around 124 dollars and 50 cents per megawatt hour for today's delivery on the Intercontinental Exchange. Hydro generation usage is expected to rise in the region to serve the increased cooling demand, leading to a drop in exports from the Northwest, which will likely drive-up spot power prices in California, where imports can account for up to a quarter of market share. The impact on spot gas prices in the Pacific Northwest might be more muted, since the heat wave is expected to coincide with increased gas supply. Gas Transmission Northwest is set to complete planned maintenance today that will increase cross-border flow capacity at Kingsgate by 24% on Tuesday. Gas storage levels at the region's largest facility, Jackson Prairie, have increased 15% since the start of July to nearly full capacity, so it could also be called upon to cope with spikes in gas demand.

In shipping, crude and refined products freight markets are set to continue climbing this week. Medium Range tanker rates on the US Gulf Coast-Brazil and US Gulf Coast-Chile routes gained 5% and 12% last week. Light ends and middle distillates have been in high demand as the tourist season puts greater demand on energy supply in Latin America. And continued European demand is expected as the diesel arbitrage for trans-Atlantic voyages sits at 2 dollars and 35 cents per metric ton. Rates for trans-Atlantic crude Aframax voyages fluctuated around two-and-a-half-year highs last week. But the booming European Aframax counterpart leaves owners without any incentive to ballast to the USGC, reducing the availability for natural loadings five to 25 days out.

And in metals, Kaiser Aluminum will release its second-quarter earnings report on Tuesday. The company will provide an update on production issues at its Warrick aluminum rolling mill in Indiana, one of the largest suppliers of can sheet to the US beverage industry. Kaiser previously said output at the plant would be at risk in the second half of the year due to a domestic shortage of magnesium, which is one of the main alloys used to make can sheet. This brings us to our social media question of the week: With raw materials being so scarce, what will it take to bring down prices for consumer goods? Tweet us your thoughts.

The Platts Atlas of Energy Transition is your map to the sustainable commodity markets of the future. You can explore the Atlas by visiting the address displayed on-screen. Thanks for kicking off your Monday with us and have a great week ahead.