Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
Natural gas prices are expected to rise on the back of warmer weather. Natural gas prices rose 3.63% to ₹271.5. Demand increased on higher feedgas volumes from LNG export facilities, averaging 14.2 billion cubic feet (bcfd) in early December, up from 13.6 bcfd in November. Production in the 48 states increased from 101.5 bcfd in…
Natural gas prices rose by 0.65% to ₹262, driven by forecasts for cooler weather and increased heating demand. Rising gas flows to U.S. LNG export plants also supported the market. However, gains were limited as utilities reported smaller-than-expected storage withdrawals. The U.S. Energy Information Administration reported a 30 billion cubic feet withdrawal for the week…
Oil prices rose slightly in Asian trade on Monday, despite concerns about heightened geopolitical tensions in Syria and falling demand. Crude prices suffered big losses last week due to weak demand, but they were offset by increased tensions between Israel and Lebanon, which put some risk premium on the price. And the trend is expected…
Natural gas prices fell 0.12% to ₹258.7 on rising production pressure and forecasts of milder weather. In December, U.S. gas production in the Lower 48 states increased to 102.3 billion cubic feet per day (bcfd), below the record of 105.3 bcfd set in December 2023 but above the November average of 101.5 bcfd. Futures prices…
Crude oil prices rose 2.6% to ₹5,929 per barrel on expectations that OPEC+ will continue its current production cuts until Q1 2025. In a sign of increased competition in the region, Saudi Arabia is expected to cut oil prices for Asian consumers to their lowest point in four years. The EIA Petroleum Status report revealed…
A strong US dollar and a cautious market approach ahead of key economic data and Federal Reserve talks pushed gold prices lower. Federal Reserve minutes expressed optimism about a strong labor market and easing inflation, Global demand for gold remained stable at 1,176.5 metric tons in Q3 2024, as robust investment activity offset declining jewelry…
Natural gas prices fell by 3.39% to settle at ₹273.6, driven by easing heating demand despite colder-than-normal weather. Weather forecasts suggest a shift from colder-than-normal to near-normal levels from December 4-12, reducing the pressure on utilities to draw heavily from storage. Production levels in the U.S. remain robust, with an average of 101.4 billion cubic…
Crude prices rose in Asian trade on Monday, boosted by encouraging economic data from major importer China, now approaching an OPEC+ meeting for signs of fresh supply. Oil held some risk premium due to growing tensions between Russia and Ukraine.Production activity at the world’s largest oil importer rose significantly in November. However, warnings of additional…
Zinc prices rose by 1.38% to ₹286.7, driven by a drop in inventories at warehouses monitored by the Shanghai Futures Exchange. Tightening zinc supply provides a bullish outlook. Although zinc concentrate inventory at ports has increased, reduced smelter output in Q3 has constrained the market. Smelter production in Q4 remains historically low, around 500,000 metric…
Natural gas prices rose by 2.32% to ₹278.3, driven by a smaller-than-expected inventory withdrawal and forecasts of increased demand. The U.S. Energy Information Administration reported a 2 billion cubic feet withdrawal from storage for the week ending November 22, 2024, reducing U.S. gas inventories to 3,967 bcf, 3.5% higher than last year and 7.2% above…
