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
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…
Oil prices edged higher in Asian trade on Friday and headed for a positive week as lingering concerns over worsening Middle East conflicts largely kept the risk premium in play. Brent oil futures for December delivery rose 0.4% to $74.70 a barrel, while West Texas Intermediate crude futures rose 0.5% to $70.55 a barrel. Brent…
Oil prices rose sharply in Asian trade on Thursday, after Israel toughened its rhetoric against Iran, with attention focused on business activity data from several major economies in the coming days. Crude suffered two weeks of heavy losses amid concerns over falling demand. Prices also fell on Wednesday after US inventory data showed a larger-than-expected…
Aluminium prices rose by 0.91% to 239.55, driven by higher production costs and record-high alumina prices. China, the world’s largest aluminium producer, cut its benchmark lending rates as part of stimulus measures to revive its slowing economy. Global primary aluminium output rose 1.3% year-on-year in September to 6.007 million tonnes, while China’s aluminium production increased…
