Aluminum prices rose 0.06% to ₹238.4 as supply concerns persisted in the LME market. Aluminum production in December was above $40. More metal is set to leave LME warehouses soon. The International Aluminum Institute (IAI) said global primary aluminum production rose 3% year-on-year to 6.04 million tonnes in November. In the first ten months of…
WTI oil prices have continued to decline, trading near $72.90 per barrel during the Asian session on Tuesday. Despite rising energy demand driven by colder weather and China’s economic stimulus efforts, these factors present a complex environment for oil markets. OPEC’s oil production fell in December due to the UAE’s supply cuts, which may support…
Crude oil prices rose 1.17% to ₹6,373 a barrel, fueled by expectations that China’s central bank will cut interest rates in 2025. Forecasts of cold weather in some places also increased demand for heating oil, pushing up prices in the short term. US oil inventories fell by 1.178 million barrels for the week ended December…
Cotton candy prices have dropped slightly by 0.22% at ₹54,320 due to rising global cotton production projections for the 2024-25 season. Global cotton production is projected to rise by over 1.2 million bales to 117.4 million bales, with India and Argentina being key producers. However, India’s three primary cotton-producing states, Punjab, Haryana, and Rajasthan, have…
Oil prices rose on Friday due to cold weather in Europe and the US and additional economic stimulus from China. Brent crude futures settled 0.8% higher at $76.51 a barrel, the highest level since October 14. U.S. West Texas Intermediate crude settled 1.13% higher at $73.96, the highest level since October 11. China’s economic fragility…
Zinc prices fell 1.23% to ₹276.15 on sluggish manufacturing activity. This is expected to weigh on global GDP and zinc demand, leading to trade disruptions. In December 2024, China’s domestic production of refined zinc increased by 20,000 metric tons (MT) or 5% MoM. However, the year-on-year decline in overall production was more than 6%. Unexpected…
Jeera prices fell by 0.66% to ₹24,225 due to profit booking gains. Delays in sowing in Gujarat and Rajasthan, key producing states, have impacted production timelines. Gujarat reported jeera sowing in just 15% of the normal area, with a 20-25 day delay impacting production timelines. India’s cumin production reached 8.6 lakh tonnes in 2023-24, up…
A cold January weather forecast and strong demand for LNG exports helped natural gas prices rise 1.08% to ₹318.6. LNG exports hit 15.16 billion cubic feet per day (bcfd) on rising global demand, while production rose to 103.3 bcfd in December from 101.5 bcfd in November. According to LSEG, demand in the Lower 48 states…
Jeera prices rose by 0.82% to ₹24,550 due to delayed sowing in Gujarat and Rajasthan, key producing states, due to higher temperatures and poor germination. Gujarat reported seeding on only 57,915 hectares, significantly lower than last year’s 2.44 lakh hectares and below the normal 3.81 lakh hectares. The delay is expected to impact production, with…
Aluminium prices fell 0.08% to ₹241.7 on global production data. According to the International Aluminium Institute (IAI), primary aluminium production rose 3% year-on-year to 6.04 million tonnes in November. China, the world’s largest aluminium producer, increased its production by 3.6% to 3.71 million metric tonnes. Similarly, the 3% increase from October and 3.6% increase in…
