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
Following the terrible earthquake in Taiwan, demand for safe haven assets surged, and uncertainty surrounding U.S. interest rates further fueled demand for gold, which helped prices of the metal rise in Asian trade on Wednesday and stay close to record highs. An earthquake in Taiwan has damaged the island’s infrastructure and main chip production facilities,…
Zinc prices rose 0.35% to close at 217.7, boosted by a large decline in Chinese smelter output and a tight supply of zinc concentrate raw material following the holiday break. This caused several enterprises to postpone the resumption of production, resulting in a modest increase in domestic refined zinc production in March 2024. Despite the…
Gold prices on MCX increased by 12% in FY24, from Rs 59,400 to over Rs 67,000 per 10 grams due to international crises such as Israel-Hamas war and Russia-Ukraine crisis. Gold demand reached a record high of 4,899 tonnes globally in 2023 due to central bank acquisitions and sales. The World Gold Council predicts India’s…
Natural gas prices increased by 1.45%, finishing at 146.5, on higher demand expectations for the next two weeks. This increase in demand comes against a backdrop of reduced output, with some energy companies reducing drilling activity and delaying well completions, resulting in a 3% decline in output over the last month. In addition to supply-side…
The administration had to take measures ahead of the general elections, resulting in lowered prices for LPG cylinders and motor fuel. Oil marketing corporations (OMCs) may face profitability questions due to recent price spikes, despite healthy profits in the first three quarters of FY24. Analysts predict daily fuel price modifications will resume after the elections,…
Russia will drop oil production rather than exports in the second quarter of 2024 to ensure that all OPEC+ nations who lower output contribute equally to the cuts, according to the Russian Deputy Prime Minister. When OPEC+ members declared in early March that they intended to extend the cuts into the second quarter, Russia modified…
India’s refined oil product exports declined in March due to declining export margins. The nation exported 1.28 million barrels of refined oil products per day in March, a 12.5% decrease from the previous month and 15% less than the previous year. India’s export of refined oil products to Europe decreased by 6.5% in March, while…
According to the latest data, crude oil imports into India hit 5.2 million barrels per day in March, which is the highest level since early 2020. In March 2021, imports rose by 4.5% from 4.9 million barrels per day, 11% more than the amounts imported in February. The data also indicates that India’s crude oil…
Copper prices fell -0.37% to 757.7 on prospects of looser monetary policy and a stronger dollar, hurting investor sentiment towards the industrial metal. Furthermore, growing stockpiles in LME warehouses, which reached their highest levels since February, put downward pressure on copper prices. The increasing disparity between LME cash copper and the three-month contract, the highest…
May Brent crude futures were down 69 cents, or 0.8%, at $85.56 per barrel. The June contract traded more frequently, dropped 60 cents, or 0.7%, to $85.03. The May contract is scheduled to expire on Thursday. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 55 cents, or 0.7%, at $81.07.U.S. crude oil…
