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
Gold prices fell on Tuesday in Asian trade due to reduced geopolitical tensions in the Middle East, which weakened the appeal of the yellow metal as a safe haven. Gold prices are falling due to increasing rates and easing tensions in the Middle East. Traders are starting to remove risk premiums from commodity prices as…
Yesterday’s natural gas price decrease of -0.07% to 146.8 was somewhat expected given the market’s ongoing struggles with a substantial surplus. However, expectations of milder weather for the coming week meant that demand for the commodity would likely increase, so the downside was limited. Prices were also somewhat supported by increased gas flow to LNG…
Amid mounting optimism that the Iran-Israel crisis won’t develop, oil prices dropped in Asian trade on Monday, consolidating losses from the previous week. Crude prices had also suffered sharp declines over the previous week due to concerns about a slowdown in demand and the bad state of the global economy, which somewhat countered rising tensions…
With a tighter cash-to-three-month discount of $1.23 per ton, a notable change from last Friday’s discount of $45.94 aluminum prices spiked by 1.04% yesterday, closing at 237.3. The decrease in LME aluminium stockpiles, which fell to 513,850 tons the lowest level since December 2023 due to recent withdrawals from Taiwan, Malaysia, and South Korea, was…
Copper settled at 838.3 with a 1.02% increase yesterday. The increase was due to growing demand and supply concerns, which led to lower output commitments by Chinese copper smelters. This decline in activity levels was caused by the continuous problem of poor copper ore availability. Additionally, smelting fees have dropped to multi-year lows due to…
India, the third-largest oil importer in the world, imported the same amount of crude oil as in the previous fiscal year, 2023–2024, which concluded on March 31. However, because of record-high imports of cheaper Russian crude and declining oil prices, India’s import bill decreased by over 16%. According to data from the Petroleum Planning and…
India’s physical investment in silver fell by 38% in 2023, leading to a 63% decrease in silver imports to a two-year low of 111.7 million ounces. Futures turnover increased by 13% and options trading increased by over five times. Physical investment decreased to 49.3 million ounces due to profit-taking. India’s physical investment was threatened by…
New sanctions imposed by the US and UK on Russian metals have caused a 2.65% hike in aluminum prices, settling at 232.45. The primary aim of these sanctions is to restrict Russia’s ability to export metals, particularly aluminum, which it uses to fund its armed activities in Ukraine. These restrictions have raised concerns about market…
The introduction of fresh sanctions by the West on Russian commodities caused a tremor in the commodity markets and caused copper prices to rise by 1.31%, ultimately trading at 831.3. Aluminium, copper, and nickel were among the commodities for which the US and the UK imposed sanctions on the importation of Russian supplies made after…
The price of aluminium increased by 1.05% to settle at 226.45 as money flooded into commodities, especially metals, a hedge against mounting inflationary pressures. The rise in demand for aluminium aligned with China’s robust production numbers, suggesting a stable growth path for the metal. March saw a year-over-year increase in aluminium output of 4.19% to…
