Commodity closes the week with reasonable prices and leaves the Market in a positive atmosphere. On Friday, the U.S. benchmark West Texas Intermediate (WTI) crude oil fell 33 cents to close at $63.13 per barrel. In comparison, North Sea Brent crude for delivery in June fell 17 cents to $66.77 per barrel. Due to this, …
Commodity Prices Increase, the Market Is Optimistic Read More »
Copper fell on Monday on the fear that China, the largest consumer of metals, wants to put caps on commodity prices to avoid possible inflation. The market is also pressured by faltering demand and higher inventories of the metal. Three-month copper on the London Metal Exchange declined by 0.6% at $8.875 a tonne. The metal …
Copper Loses Ground for Fear that China Wants to Limit Commodity Prices Read More »
Positive economic signs and Beijing’s efforts to help consumption supported Chinese steel rebar and coil futures rise today. Stainless steel futures on the Shanghai bourse dropped by 1.8% to 14,285 yuan a tonne. According to a state media report, China’s excavator sales in the first two months of 2021 climbed by 149% from the same …
Chinese Steel and Coil Futures Rise Amid Positive Economic Signs Read More »
According to PREMIUM TIMES data, the volume of production and consumption of cotton in Nigeria rose. The hike was by at least 7.5% in 2020 after the figures dipped in 2019. In comparison, cotton production touched 1.8 million tonnes in 2006. Meanwhile, commodity production reached 1.7 million tonnes. By 2014, both figures dropped to 920,000 …
The cotton market registers its largest increase since Read More »
Copper surpassed $8,000 a ton for the first time in over seven years. The market is seeing the sharpest rally in over a decade. Significantly, China’s appetite for commodities and supply snags early on in the coronavirus pandemic boosting Copper around 80% from its March lows. Additionally, expectations for a deficit and the weaker greenback …
Copper rose to $8,028 a ton for the first time in 7 years Read More »
Gold and Silver prices were trading with little declines session bucking the international market trend among renewed hopes of a stimulus package. After shutting down the deal’s negotiations, U.S. President Donald Trump wrote on Twitter that Congress should pass money for airlines, small businesses, and stimulus checks of $1,200 for individuals. On Multi Commodity Exchange, …
Except for natural gas, all commodities futures were trading with declines on September 24 as U.S. Fed officials reported the economy is in a sinkhole. Besides, Coronavirus cases continued to grow unabated. On Friday, gold remains weak as the USD rises. Spot Gold decreased by 0.13% at $1,865, while COMEX Gold Future dropped 0.43% at …
On September 18, Friday, all commodities were trading higher as the amir increasing worries over a slump in the world’s economy. Gold increased by 0.11% while silver advanced 0.22%. All counters were up with zinc in the base metal block, growing the most at 0.79%. Crude oil gained 0.03%, and its peer natural gas dropped …
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