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
After two successive years of rush in earnings, steel companies are now staring at a notable decline over the next one year as the industry faces multiple headwinds emerging from trade barriers export duty on finished steel, unfamiliar coal/energy cost pressures and muted domestic demand growth so far. The operating environment will become far less…
Natural rubber prices have declined in the Kottayam market,the trade centre, over the past couple of days largely on global cues and partly due to the unusually weak South-West monsoon in Kerala. The near absence of rains is helping uninterrupted harvesting. Nearly 70% of India’s natural rubber supply comes from Kerala. As per the usual…
Gold price was down by Rs 1,050 on Wednesday and 10 gram of the yellow metal (24-carat) is trading at Rs 51,710. Meanwhile, 10 gram of 22-carat gold is trading at Rs 47,400 after a fall of Rs 960. Silver also witnessed a decline in its price at Rs 1,700, selling at Rs 59,800 per…
To tide over a possible shortfall in availability of coal during the following monsoon months, Coal India (CIL) has floated an global competitive bidding e-tender to import 2.416 million tonnes (mt) of coal. The import would be for July-September period of the current fiscal year, said a press statement issued by the company. CIL’s board…
Oil prices edged up on Wednesday ahead of data on U.S. oil inventories data, with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax COVID-19 lockdowns. Brent crude futures for August raised 22 cents, or 0.2%, to $120.79 a barrel after closing at the highest since May 31 on…
Gold prices down for a third straight session on Tuesday, as expectations of interest rate hikes in the United States and Europe edged the bullion’s demand. The opening price for gold was Rs 51,167 per 10 grams, down Rs 288 from Friday’s closing price of Rs 51,455, while the silver price was Rs 62,471 per…
Zinc – the fourth most consumed metal worldwide after iron, aluminium and copper is witnessing an uptrend with a four per cent week-on-week increase in global prices. There has been a similar hike in India, too. Zinc cash prices in the LME was at $3,896 per tonne up 4% and the three month contract price…
The Organization of the Petroleum Exporting Countries (OPEC) and association including Russia, known as OPEC+, agreed to increase output by 648,000 barrels per day (bpd) in July and 648,000 bpd in August. Ahead of the meeting, sources told Reuters that Saudi Arabia and other OPEC members could increase oil output to offset a drop in…
Steel prices have decreased to ₹64,000-65,000 a tonne from ₹71,000 last month on expectation of a supply surplus on levy of 15% export duty. Prices were flying at ₹76,000 a tonne in April. Interestingly, the excess supply comes amid forecast of weak demand with onset of south-west monsoon slowing down infrastructure activities from this month….
Oil prices up in early Asian trade on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China closed its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 78 cents, or 0.7%, at $116.38 a barrel. The front-month contract for July delivery expired on Tuesday…
