Disruptions in mine-side operations were the main driver of copper’s slight rise, which saw it settle up 0.42% at 715.4. Significantly, smelters’ desperate attempts to find raw materials have resulted in a drop in copper prices in China, which might threaten the margins of Chinese companies and possibly lower their output of refined copper. Surprising…
Cotton prices held steady at 55600, indicating market stability, according to the Cotton Association of India (CAI). According to CAI, domestic cotton consumption will remain unchanged at 311 lakh bales for the 2023–24 season. The season’s pressing estimates remain at 294.10 lakh bales. The observations of the CAI are based on information provided by other…
After dropping the previous session, oil prices were mixed on Tuesday as investors balanced general economic worries against weather-related supply and demand problems in the United States and ongoing tensions in the Middle East that resulted in additional tanker diversions. At $78.20 a barrel, Brent crude futures increased by 5 cents, or roughly 0.06%. Earlier…
With the United States and Britain striking Houthi military targets in Yemen in retribution for attacks by the Iran-backed group on ships in the Red Sea beginning late last year, oil prices increased by more than 2% on Friday. U.S. West Texas Intermediate oil futures were up $1.53, or 2.1%, at $73.55 a barrel, while…
The majority of Asian currencies fell in tandem with the dollar index’s increase to 102.60.The core CPI is predicted by Reuters’ panel of experts to increase by 0.3% month over month in December, when U.S. consumer inflation data is expected on Thursday. Core CPI is predicted to increase by 3.8% year over year, which is…
While the UK and Europe have been exceptions for Indian IT companies over the past few quarters, businesses could anticipate to face currency headwinds in the third quarter due to the pound and euro depreciating between 1% and 2% versus the US dollar. Indian IT companies, particularly those in the UK and Europe, have been…
Investments of Rs 70,800 crore are planned by Tata Power Renewable Energy Ltd (TPREL) for renewable energy projects in Tamil Nadu. As to a regulatory filing on Tuesday, the company, which is a part of Tata Power, has inked two Memorandums of Understanding (MoUs) with the Tamil Nadu government to facilitate the advancement of the…
An all-time high of 13.14 million tonne (MT) of mustard seed is expected to be produced in the 2023–24 season thanks to record sowing this season, which will increase domestic edible oil supply. A reassessment of the import tariff relief for food oils such as palm, soybean, and sunflower may be required by this. The…
Profit booking amid a complicated mix of reasons that included the most recent EIA report, riots in Libya, and growing tensions in the Middle East drove crude oil’s 2.15% spike, which it settled at 6071. According to the EIA Petroleum Status Report, U.S. crude stocks fell by 5.503 million barrels in the week ending December…
Zinc prices fell -0.91% to settle at 228.45 in December as a result of China’s official PMI dropping to 49 from the previous month, which heightened expectations of further government support. With expectations of early interest rate reductions by major central banks and a more complete economic recovery in China, the world’s largest zinc consumer,…
