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 natural gas market saw a little increase of 0.15%, ending at 196.6, due to higher demand estimates and more gas flowing to LNG export plants. This spike happened in spite of record output levels, expectations of warm weather, and the expectation that next week’s heating demand will fall. The anticipated withdrawal of 55 billion…
The dollar index stayed below 104, and gold showed a slight rise, closing at 61,181, up 0.1%. Awaiting the Federal Reserve’s policy announcement on Wednesday, investors were intently examining the most recent Consumer Price Index (CPI) report. In line with market predictions, the U.S. consumer price inflation rate decreased to 3.1% in November, the lowest…
The United States’ efforts to restock its Strategic Petroleum Reserve (SPR) helped drive up crude oil prices, which increased by 0.57% to close at $5969. With the intention of buying 3 million barrels of crude oil by March, the U.S. revealed plans to replenish the SPR until May. Despite worries about global economic growth and…
The price of aluminium fell by -0.64%, finishing at 195.1, indicating that demand was still muted in spite of earlier efforts to reduce supply. Key industries that used aluminium were negatively impacted by the global economic downturn, restrictive borrowing rates set by central banks, and the debt problem in Chinese real estate. The global downturns…
Concerns about growing stocks at the London Metals Exchange (LME), which reached 174,900 tons a 225% rise since July caused copper to tumble 1%, ultimately ending at 713. In November, China released mixed industrial statistics that increased demand uncertainties. Up to 1% of global copper supply was impacted by First Quantum’s operations being suspended due…
With record production, abundant storage, and less demand, natural gas had a significant 5.25% decrease, ending at 223.9. Contrary to the predicted withdrawal, the U.S. gas storage system saw an unexpected 10 Bcf addition. This surprised the market, especially considering the large departure from last year’s numbers. The negative outlook was reinforced by weather predictions…
With mounting uncertainty regarding OPEC+ output cuts, crude oil saw a 1.97% decrease, closing at 6281. Fears of a drop in the demand for fuel were exacerbated by worries about China’s economic crisis. In response to declining oil prices and forecasts of a surplus in the upcoming year, the OPEC+ coalition decided to reduce its…
The price of Brent crude experienced a decline to $80.6 per barrel, even with the recent announcement by OPEC and its allies to prolong the production reduction of 1.7 million barrels per day until 2024. Forecasters predict that going forward, the price of crude will stay between $80 and $85 per barrel. India, which imports…
Early Asian trading on Friday saw a decline in oil prices, which continued losses following the voluntary agreement by OPEC+ members to reduce oil output for the first quarter of 2019 that fell short of market expectations. At morning session February’s Brent crude futures were down 14 cents, or 0.2%, at $80.72 per barrel. At…
As worldwide primary aluminium output climbed 3.9% YoY to 6.116 million tonnes in October, prices for the metal stayed stable at 203.45, according to figures from the International Aluminium Institute (IAI). China’s main imports of aluminium from January to October increased 173% year over year to 1.17 million metric tons, while exports fell 41.19% to…
