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
The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry…
Aluminum prices fell 1.3% to 238.45 due to minor dissatisfaction with recently announced stimulus measures aimed at revitalizing China’s economy. And investors are uncertain about its immediate effect on the metals market. Concerns have been heightened by proposed tariffs on China after an election, which could reduce global demand for metals such as aluminum. China’s…
Asian trade on Monday saw a drop in oil prices as a hurricane in the Gulf of Mexico had little impact on US output and heavy fiscal stimulus measures by China, the world’s biggest importer, were largely unimpressive. Prices have continued to fall since Friday, following Beijing’s approval of 12 trillion yuan ($1.6 trillion) in…
Aluminium prices fell by 2.15% to 241.6 due to disappointment over China’s limited fiscal stimulus measures. The package aimed to ease debt repayment burdens for local governments, but fell short of investors’ expectations. The potential for higher tariffs under the US President-elect also loomed over the metals market, causing concerns about reduced demand for Chinese…
The OPEC+ group has extended their production cut to limit excess supplies and stabilize prices in global oil markets. Oil has been trading in a tight range since the second half of 2022, with prices broadly congested within $97-$65 per barrel. OPEC+ production policies significantly impact global oil markets, with higher prices typically following production…
Natural gas prices fell by 2.33% to 226.6 due to reduced heating demand and concerns about Hurricane Rafael’s impact on the U.S. Gulf Coast. Energy firms cut gas production from Gulf of Mexico platforms by 7%, but this region now contributes only 2% to U.S. gas output. Average gas output in the Lower 48 states…
Oil prices edged lower in Asian trade on Wednesday after a better-than-expected industrial data boosted U.S. stocks, even as attention focused on potential supply disruptions due to hurricanes in the Gulf of Mexico. Oil prices sat on some gains from recent sessions after the Organization of the Petroleum Exporting Countries (OPEC+) postponed plans to begin…
Gold prices rose 0.04% to close at 78,566 as investors weighed US economic strength and looked ahead to a set of US economic data that could influence the Federal Reserve’s rate decisions. With key employment and inflation data and the US presidential election approaching, market participants are clarifying the Fed’s rate stance. The latest data…
Aluminium prices rose by 0.72% to 243.6 due to concerns over alumina shortages, triggered by Guinea’s suspension of bauxite exports. Large future positions were indicated in London Metal Exchange data, with over 40% open interest for December buys and 30-39% for January sales. Goldman Sachs raised its 2025 aluminium price forecast to $2,700 per ton,…
Oil prices fell sharply in early Asian trade on Monday, easing fears of a Middle East war after an Israeli strike against Iran eased fears of a Middle East war that ended the weekend lower than feared. Brent oil futures, due in December, fell 4.1% to $72.97 a barrel, while West Texas Intermediate crude futures…
