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
In anticipation of more robust market-supporting policies from China, copper prices fell -0.84% Wednesday, closing at 715.95. The People’s Bank of China implemented measures to stimulate economic growth, including lowering the reserve requirement ratio for financial institutions and executing 100 billion yuan in 14-day reverse repos. In an effort to promote economic expansion, these steps…
Wednesday saw a slight increase in oil prices as expectations for growth in US oil output to be mostly stable through 2025 allayed concerns about an oversupply. U.S. West Texas Intermediate crude increased 41 cents, or 0.6%, to $73.72, while Brent crude futures increased 38 cents, or 0.5%, to $78.97 a barrel. On Monday, both…
Aluminium saw a -1.04% decrease yesterday, closing at 199.6, as worries over China’s economic growth continued. Uncertainty regarding the course of the Chinese economy’s growth was increased when the official PMI data showed that industrial activity had contracted for the fourth consecutive month. Investors were let down by the absence of any convincing signs of…
Early on Tuesday, as market players evaluated U.S. Secretary of State travel to the Middle East to discuss a ceasefire offer in the region, oil prices showed minimal movement. On Monday, he met the de facto ruler of Saudi Arabia. In anticipation of an Israeli attack on Rafah, a border city where over half of…
If crude prices stay below $80 a barrel during this time, state-run oil marketing companies (OMCs) are expected to reduce retail prices of gasoline and diesel to some degree, right before the general election that is slated for April, according to sources. Given that the price of petroleum is currently below the $80/barrel barrier, the…
Crude oil experienced a steep loss, closing at 6030, a decrease of 2.84%. Concerns over China’s economic expansion and international efforts to bring about a Middle East truce impacted the bearish trend. In March, OPEC+ will decide whether to prolong the voluntary oil production cutbacks of 2.2 million barrels per day (bpd) that were set…
A significant OPEC+ advisory group remained silent on production policy on February 1, thereby maintaining the present output restrictions. Under the co-chair ship of Saudi Arabia and Russia, the Joint Ministerial Monitoring Committee declared that it would “continue to closely assess market conditions” and that the 22-member producer coalition was prepared to modify output levels…
Due to a number of variables, including China’s substantial increase in unwrought aluminium imports in 2023, aluminium prices saw a decrease of -1.17% yesterday, ultimately finishing at 202.5. China’s yearly imports more than doubled to 1.54 million metric tones, the second-highest amount since the century’s beginning and just shy of the record set in 2021….
Natural gas saw a notable 1.9% increase, closing at 177.2, as predictions indicated that February would be milder than expected before cooling off later in the month. According to NatGas Weather, both American and European weather models showed a milder forecast for the period of February 10–14, which would cause temperatures to drop later over…
Zinc saw a -1.08% drop, closing at 225.2, as news suggesting a slowdown in Chinese manufacturing activity put pressure on prices. The official NBS Manufacturing PMI for China increased somewhat to 49.2 in January 2024, but this is the fourth month in a row that factory activity has decreased due to issues like property fragility,…
