15th Mar 2024
Copper prices surged to an 11-month high following discussions among Chinese smelters aimed at addressing the steep decline in processing fees. The talks, which involved executives from over 15 Chinese plants, included considerations for potential pr
7th Mar 2024
Oil prices hold steady amid positive Chinese trade data Oil prices remained stable on Thursday, maintaining gains from the previous day's trading session. The market was buoyed by encouraging Chinese trade figures and a report from the U.S. in
9th Feb 2024
Gold prices experienced a slight dip on Friday, despite a weakening dollar and bond yields, as markets remained cautious about the possibility of prolonged high U.S. interest rates. The decline in the prices occurred amidst steady economic data from
13th Jan 2024
Copper prices traded with modest gain, supported by a softer dollar and Chinese efforts to strengthen the yuan. The London Metal Exchange (LME) market's surplus in copper led to a noteworthy discount of $108 per ton over the three-month contract, mar
29th Dec 2023
In 2023, crude oil faced a rollercoaster of challenges, marking its first annual decline in two years. Geopolitical tensions, production cuts, and global efforts against inflation caused wild price swings. Despite a recent stabilization, oil prices a
22nd Dec 2023
The natural gas market faced a range bound momentum, closing at 206.2, driven by increased production, revised temperature forecasts lowering heating demand, and expectations of reduced gas withdrawal from storage by December's end. Despite these cha
15th Dec 2023
Gold prices in Asian trade experienced a slight increase on Friday, surpassing key levels, following dovish signals from the Federal Reserve. The dollar and Treasury yields faced significant losses, prompting a rebound in the yellow metal from recent
1st Dec 2023
Copper prices saw a modest 0.33% gain, reaching 722 on Thursday, as worries about a slowdown in Chinese manufacturing loomed large. The November's NBS Manufacturing PMI slipped to 49.4, the second consecutive monthly decline, heightened concerns, emp
24th Nov 2023
The upcoming virtual meeting of OPEC+ on November 30 is drawing significant attention from the oil market, with discussions centering on potential production cuts. WTI crude oil, priced at $76.50 on Friday, reflects the uncertainty as the group consi
3rd Nov 2023
On Thursday, the decline in natural gas prices by -0.96% to 288.60 is attributed to record output levels and forecasts of milder weather. Lower heating demand expectations for the next two weeks and an increase in US gas storage by 74 billion cubi
20th Oct 2023
Copper, a crucial player in the industrial metal scene, witnessed a marginal 0.01% uptick, closing at 700.55. However, the excitement was tempered by soaring concerns over a substantial surge in copper inventories, hitting a two-year high of 191,675
29th Sep 2023
Gold prices are facing sustained pressure despite a backdrop of dollar weakness, a rare occurrence that coincides with a decline in yields on US Treasuries. Typically, the strength of the dollar and higher yields have been key components of the Feder
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