The government is pushing for more gas-based energy to meet the increasing power demand of domestic businesses and power plants. Natural gas consumption is expected to rise by 30-35% in FY25 compared to FY24 due to the declining global prices. In order to fulfill the increased demand for power throughout the summer, the government has…
As a result of in-line inflation figures and a strengthening dollar amid ongoing geopolitical tensions, oil prices ended a two-week losing run on Friday by closing higher. Futures for Brent oil increased by 0.3% to $89.85 per barrel, while West Texas Intermediate oil increased by 0.4% to $89.38 per barrel. By projections, PCE inflation increases….
Oil prices rose by 0.32% to settle at 6911 due to an optimistic demand outlook and ongoing supply risks. The Federal Reserve may delay interest rate cuts until September due to rising inflation. However, concerns arose as U.S. gasoline stockpiles fell less than expected, while distillate stockpiles rose, signalling a potential demand slowdown. U.S. crude…
Aluminium prices saw a minor decrease of -0.59%, ending at 235.4, due to investors booking profits after previous advances spurred by supply fears due to sanctions on Russian metals. The actions taken by Washington and London to limit exchanges’ acceptance of aluminium produced in Russia had an additional effect on market dynamics. According to LME…
Prices for cotton candy fell marginally by -0.07% to settle at 58620, primarily due to a rise in global carryover and a fall in demand. Expectations of higher crop yields in nations like Australia restrained upside possibilities even though the USDA weekly export sales data showed a notable increase in net sales. For the following…
Copper prices rose by 0.54% to settle at 846.05 due to changing market dynamics and persistent supply-side issues. The closure of Cobre Panama mine since December has caused a global shortage of copper concentrate, which has supported prices. Bans on Russian production of nickel, copper, and aluminum by the US and UK have further tightened…
The anticipated fresh entrants from the Marathwada region of Maharashtra are the main reason behind yesterday’s –0.87 % decrease in turmeric prices, which closed at 19,386. Due to below-average supply and strong festive demand, the negative effects were, nevertheless, minimal. Major fresh crop arrivals were reported in several regions, including Nanded, Nizamabad, and Erode, in…
Fund purchases and worries about supply dynamics drove yesterday’s slight 0.22% increase in zinc prices, which ended at 247.5. According to data, refined zinc output increased by 4.57% month over month in China, indicating strong output levels. Even still, the production for January through March surpassed projections, highlighting the ongoing demand for zinc in China,…
Aluminum prices declined significantly yesterday, ending at 236 due to profit-taking after rising by -3.02%. Sanction fears on Russian metals affected the market dynamics and led to limiting key exchanges like LME and CME. The available LME aluminum stockpiles dropped to the lowest level since August 2022 at 171,200 tonnes due to increased supply concerns.China’s…
Zinc prices fell -1.32% to settle at 247.05, with profit-booking operations driving the slide after earlier increases caused by fund purchasing and supply-side concerns. Refined zinc production increased in March, according to data from China, with a rise in output of 4.57% month over month to 525,500 mt. Despite this, the overall output from January…
