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 price of aluminium fell by 1.45%, closing at 230.85. The main cause of this decrease was a notable rise in the overall amount of aluminium stored in warehouses registered with the London Metal Exchange. Based on daily LME statistics, the accumulation of aluminium stockpiles surged by 88% to 903,850 metric tonnes, the largest level…
Due to encouraging indicators in China’s trade data, which showed growth in both imports and exports in April, suggesting a resurgence in both domestic and international demand, zinc prices increased by 0.23% yesterday, closing at 258.5. Given that China is a major producer and consumer of zinc, this uptick in trade activity is encouraging for…
The world’s top oil-consuming countries, China, and the United States both have rising crude oil stockpiles and exports, which has caused a slight increase in crude prices yesterday, which ended at 6606 due to positive demand outlooks. A report by the Energy Information Administration showed that U.S. oil stocks had dropped by 1.4 million barrels…
Yesterday’s trading session saw a little decrease in silver prices of -0.09%, ultimately closing at 82878. Fresh expectations of imminent rate reduction by the Federal Reserve, stoked by the US jobs growth that was less than anticipated, were blamed for this decline. Following remarks made by Fed officials that suggested a possible change in the…
Due to expectations of increased demand over the next two weeks, natural gas saw a 4.02% increase in price yesterday, finishing at 186.3. The primary cause of this increase in demand was the increased feed gas to LNG export facilities, particularly with the reopening of Freeport LNG in Texas. A persistent drop in output has…
Several factors contributed to copper’s strong performance during yesterday’s trading session, which saw it close up 1.11% at 855.3. A weaker dollar aided the upward momentum after the release of negative U.S. jobs data and projection revisions indicating a reduction in supply due to mining disruptions. Concerns about supply were raised by the International Copper…
The Federal Reserve kept interest rates unchanged and admitted their efforts to reduce inflation have failed. This caused the price of gold to rise as it is seen as a hedge against inflation. The central bank also indicated that additional rate hikes are unlikely in the near future. The Fed’s recent comments were seen as…
The Centre has reduced the windfall tax on domestically produced crude from Rs 9,600 per tonne to Rs 8,400 per tonne, effective immediately. The windfall tax remains unchanged at nil for diesel and aviation fuel turbines. Earlier on April 16, the government had increased the windfall tax from Rs 6,800 to Rs 9,600 per tonne….
Natural gas saw a 5.11% increase and ended up at 168.7 due to several variables that affected market dynamics. A decrease in output combined with more feed gas supplied to the Freeport LNG export facility raised market activity. Natural gas flow to U.S. LNG export facilities increased significantly, hitting a three-week high. Freeport LNG in…
Aluminum prices rose by 0.93% to settle at 237.75 due to supply concerns from sanctions on Russian metals. The London Metal Exchange (LME) and Chicago Mercantile Exchange (CME) were prohibited from accepting new Russia-made aluminum, copper, and nickel. This led to dwindling aluminum stocks to 171,200 tones, the lowest level since August 2022. China’s demand…
