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 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…
The OPEC+ coalition, consisting of 23 nations, is set to hold its next meeting on December 5, likely in a virtual format. This shift is the third time the alliance has held meetings online since the Covid-19 pandemic. Crude prices currently hover around $75 per barrel, insufficient for many OPEC members to meet budgetary needs….
Rio Tinto (LON:RIO) lifted force majeure on alumina exports from Australian refineries and eased supply constraints, sending aluminum prices down 0.04% to ₹241.75. RUSAL announced a phased reduction in aluminum production by 250,000 tonnes due to record-high alumina costs that have risen to nearly $700/tonne by early 2024. China, the world’s largest aluminum producer, has…
Gold prices rose modestly in Asian trade on Tuesday as the US president’s warnings of additional trade tariffs boosted demand. The price of the yellow metal fell sharply from earlier as various reports suggested that a ceasefire between Israel and Lebanon was nearing. Challenges to ease tensions between Israel and the Lebanese militant group Hezbollah,…
Gold prices fell in Asian trading on Monday following rumors of ceasefire talks between Israel and Hezbollah. However, the yellow metal has recovered from the previous week’s gains due to increased tensions between Russia and Ukraine. In addition, Besant’s appointment removed a significant part of the market uncertainty. Reports of the deal suggested that the…
Natural gas prices rose 3.81% to ₹278.2 in November, while US gas production averaged 100.7 billion cubic feet per day (bcfd), down from 101.3 bcfd in October and well below the record of 105.3 bcfd set in December 2023. In 2024, for the first time since 2020, demand is expected to reach a record high…
Copper prices rose by 0.81% to settle at ₹824.45, driven by supply concerns and stronger demand signals. Peru, the world’s second-largest copper producer, reported a 1.2% decline in September production and revised 2024 output expectations to 2.8 million tons. The global refined copper market showed a deficit of 131,000 metric tons in September, compared to…
Aluminium prices rose by 0.27% to ₹244.25, driven by supply constraints from major producers and changes in China’s export-related policies. China plans to end tax rebates on semi-manufactured aluminium exports from December, potentially removing five million tonnes from the global market. Bauxite prices surged to near-record highs, with Chinese smelters facing their lowest ore inventory…
Despite signs of a big gain in US stocks, oil prices were steady in Asian trade on Wednesday as traders awaited any escalation in the crisis between Russia and Ukraine. Oil prices have seen a modest increase this week as the conflict between Russia and Ukraine has escalated, particularly after Moscow threatened to use nuclear…
India’s installed renewable energy capacity is expected to reach 250 GW by March 2026, up from 201 GW as of September 2021, according to credit ratings ICRA. The increase is driven by a large project pipeline of over 80 GW, which improved tendering activity in FY24. The current fiscal has high tendering activity, in line…
