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
Spinning mills, mostly in South India, have started to sign deals to import cotton following the Centre’s decision to allow the natural fibre’s shipments into the country duty free until September 30. Mills in Tamil Nadu have started placing orders for imported cotton. As a plan, mills were placed orders for 3040 days of production…
Tin prices fallen below $40,000 a tonne on Monday on concerns due to poor spot demand and inventories rising on the London Metal Exchange (LME) and Shanghai Futures Exchange (ShFE). Since March 8 when it moved to a record $49,500 a tonne, The metal which is used mainly as soldering material in electrical and electronic…
Gold prices are down on April 25 in the global markets near to their lowest level in two weeks touched in the previous session as an elevated US dollar continued to pressure demand for greenback-priced bullion. On the Multi-Commodity Exchange (MCX), Gold contracts were down 0.36%, trading at Rs 52,073 for 10 grams, Silver also down…
Consumers should stay themselves for difficult times ahead, as Indonesia- India’s major source of palm oil imports banned exports of all edible oil raw materials on Friday to ease domestic insufficiency. India imports as much as half of its demand of 8.3 mt palm oil from Indonesia. This is expected to shoot up prices in…
Three of India’s most industrialised States (Tamil Nadu, Maharashtra, Gujarat) plan to import 10.5 million tonnes (mt) of coal in the coming months as officials scramble to stop power cuts, a move that could force international coal prices to new highs. Maharashtra plans to import 8 mt for “merging purposes”, while Gujarat will place orders…
The National Commodity and Derivatives Exchange has reported a 47% increase in average daily turnover at ₹1,857 crore in the financial year ended March 2022 against ₹1,261 crore reported in the last year. This was mostly driven by hike in agriculture commodity prices last year due to supply chain disruptions. The growth was despite suspension…
Crude oil prices down by 5% in volatile trading on Tuesday as investors weighed demand concerns against tight international supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a Covid-19 shutdown. Growing fears of a U.S. recession as the Federal Reserve tries to beat inflation with some of the…
Gold prices high on April 18 in the global markets to their peak levels since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safe-haven bullion. Gold futures on MCX jumped 0.73% or Rs 286 to Rs 53,378 per 10 grams. Silver futures also jumped 1.31% or Rs 901 at Rs…
In a monthly report, “World oil demand would rise by 3.67million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast” said Organization of the Petroleum Exporting Countries (OPEC). On Tuesday OPEC cuts the forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, high…
On the Multi-Commodity Exchange (MCX), gold contracts were down by 0.01 percent, trading at Rs 52,871 for 10 grams, while silver goes up 0.23 percent at Rs 68,945 a kilogram. Today Gold prices were flat in the International markets, after gaining 1% in the last trading session, as Treasury yields eased after U.S. inflation data and concerns…
