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
Copper prices rose by 0.48% to ₹821.05, driven by a softer dollar and short-covering activity. China’s pledge to increase debt and stimulate growth boosted sentiment, but it lacked specific details on the stimulus and limited enthusiasm. China’s weaker-than-expected September trade data raised concerns about demand, while the US Federal Reserve’s cautious interest rate cuts weighed…
Oil prices rose in Asian trade on Thursday, recovering some ground after several days of bruising losses as industrial data showed that US inventories marked an unexpected balance last week. Brent oil futures for December delivery were up 0.6% at $74.67 a barrel, while West Texas Intermediate crude futures were up 0.6% at $70.27 a…
Oil prices rose slightly in Asian trade on Wednesday, steady after posting bruising losses last week as less severe increases in the Middle East and weaker demand weighed. Oil prices fell more than 4% after Israel said in a statement it would not attack Iran’s oil and nuclear facilities. Brent oil futures for December were…
The introduction of cotton seed wash oil futures was announced by the top commodities exchange, MCX, on Tuesday. According to a statement from MCX, each contract will have a trading unit of five tonnes, with a base value quoted in rupees per ten kilograms at Ex-Tank Kadi, Gujarat. Participants have inexpensive access to hedging because…
Gold prices edged lower in Asian trade on Tuesday. Industrial metals also retreated, with copper facing lingering pressure from concerns over top importer China after Beijing gave neutral hints to plans for more stimulus. Positive copper import data did little to offset this trend. Broad metal prices were also largely negative and were nursing losses…
Oil prices fell more than $1 a barrel, down more than 1.5% in early trade on Monday, as deflation worries in China weighed on oil prices. Brent crude futures were down $1.26, or 1.59%, at $77.78 a barrel, and U.S. West Texas Intermediate crude futures were down $1.20, or 1.59%, at $74.36 a barrel. The…
Oil prices edged lower in early Asian trade on Friday as stronger-than-expected U.S. inflation data stoked some doubts about how much interest rates will fall in the coming months. Brent oil futures for December were down 0.5% at $78.98 a barrel, while West Texas Intermediate crude futures were down 0.4% at $74.79 a barrel. Although…
A “substantial majority” of US Federal Reserve officials supported a half-point rate cut during the September meeting to ease inflation and economic concerns. However, some officials favored a smaller quarter-point cut, indicating a cautious stance. The minutes revealed that while there was broad support for the half-point cut, it was not seen as a commitment…
Zinc prices rose by 0.14% to 288.2 due to China’s economic stimulus measures, including liquidity injections, mortgage rate cuts, and easing home purchase restrictions. The central bank announced plans to reduce mortgage rates for existing home loans before October 31. However, zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped to 79,980 metric…
Silver fell -1.06% to 92,357, as strong US labor market data eased the prospect of aggressive rate cuts by the Federal Reserve. The U.S. Labor Department said the economy added 254,000 jobs in September, significantly beating expectations, while the unemployment rate fell to 4.1% from 4.2%. These strong jobs dampened market expectations for more monetary…
