Commodity World Roundup News, Commodity Trading

Abans Group Commodity World Round-Up

OPEC’s crude oil production rose by 390,000 barrels per day (BPD) to 25.46 million BPD in May 2021. The largest monthly increases in oil production came from top producer Saudi Arabia, followed by production hikes ..

Abans Group Commodity World Round-Up

24 May - 28 May

The Bank of England could raise interest rates as soon as the first half of next year if the job market bounces back faster than expected, but it is more likely to wait until later in 2022..

Abans Group Commodity World Round-Up

17 May - 21 May

Iran's president said the United States was ready to lift sanctions on his country's oil, banking and shipping sectors. Iran and world powers have been in talks since April on reviving the deal, European..

Abans Group Commodity World Round-Up

10 May - 14 May

Colonial Pipeline has restarted its entire pipeline system and has begun deliveries in all of its markets. However, it will take several days for shipments to return to normal along its 5,500 mile (8,850 km) route..

Abans Group Commodity World Round-Up

03 May - 07 May

Growth in the electric-vehicle market has been a blessing for metals like copper and lithium. The global electric-car market saw a growth of 41% last year, according to an International Energy..

Abans Group Commodity World Round-Up

26 Apr - 30 Apr

The US central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged effort to support..

Abans Group Commodity World Round-Up

19 Apr - 22 Apr

The European Central Bank, as widely expected, left its benchmark rate at 0.00% and said it would stick with plans to accelerate emergency bond purchases until March 2022 in a bid to keep bond yields steady..

Abans Group Commodity World Round-Up

12 Apr - 16 Apr

The US has announced sanctions against Russia in response to what it says are cyber-attacks and other hostile acts. US sanctions on Russia triggered safe-haven demand in Gold..

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Abans Group Weekly Commodity Round-Up

Global 2020-21 cotton ending stocks highest in 6 yrs, Basmati rice prices up by 10% in a month, & US Fed to keep interest rates lower until 2022

Indian sugar production set to rise to 32 million ton, IMF predicts global output to shrink by 4.9% & Gold prices soar to 8-year highs

IEA expects largest ever drop of global oil demand, US retail sales bounce back by a record 17% in May, and jobless claims in US remain at historical highs

MCX Gold prices rally on risk-off sentiments, copper prices at highest levels since January, US crude oil inventories at record levels, and the US economy may shrink by 6.5% this year

Surprise decrease in US crude oil inventory; LME Zinc warehouse stock at a two decade low; Surging gold prices may dent Indian gold demand this Diwali

Finance Minister announces big tax boost for the Indian economy, Fed cuts rates by 25 bps & Aramco to restore lost oil production

Soybean production may drop sharply, US Fed may cut interest rates by 25 bps & OPEC cuts forecast for growth in world oil demand

Gold drops on optimism over US-China trade talks, copper bounces from two year lows & nickel prices rally over export ban in Indonesia

Trade war shows signs of cooling, Hurricane Dorian to affect oil production & Nickel at multi-month highs over supply issues in Papua New Guinea

Rupee plunges to 72 levels, ECB eyes stimulus package & US factory sector contracts in August

Rupee plunges to 72 levels, ECB eyes stimulus package & US factory sector contracts in August

US to delay 10% tariffs on a range of Chinese goods, Chinese Industrial output grew 4.8 per cent in July & Indian rupee has become Asia's worst-performing currency

U.S. crude oil production to reach record highs, OPEC and non-OPEC Ministerial Monitoring Committee to meet

Indian gold demand to drop this quarter, US Federal Reserve cuts interest rate by 25 bps & US to slap

The IMD reported rainfall deficiency, Indian gold demand rose by 14%, US Crude oil inventory drop

Indian Gold prices at record highs, US Navy destroys Iranian drone & Nickel prices at multi-month highs

Gold prices in India near all-time high, India gold demand to drop, Fed to cut interest rate in July

Important Budget Announcements: Hike in duty on precious metals & fuel, 100% FDI in insurance..

G20, OPEC meetings in focus & spike in crude oil prices

US-China to resume trade talks at G20, US Fed holds rates steady signalling possible future rate cuts & rally in crude after President

Agri commodities prices drop on good monsoon news, slide in copper prices & OPEC cuts oil demand forecast

RBI cuts interest rates for the 3rd time in 2019, US Crude inventories rise against expectations

RBI announces issue of SGB’s, US removes India from Currency Watch List & US rules out sanction waivers on Iranian oil imports

Oil drops nearly 6% on US-China trade war, copper drops to multi month lows & rupee gains after election results

Indian sugar export may fall, heightened geopolitical tension leads to increase in crude oil prices, Crude oil demand to drop

Domestic agri imports rise, US-China trade tensions rattle global equities & heavy FII outflows in May’19

Global gold demand up 7%, Iraq is India’s top oil supplier in FY19 & copper supply disruptions expected in 2019

Federal Reserve might maintain status quo on interest rates, India & China to form a bloc for oil supplies and US crude output at record highs..

Castor crop projected to dip 20-30%, Chinese economy records 6.4% Q1 growth & US crude inventories decline

China in focus - Higher exports, brighter prospects for copper and spike in iron ore prices

RBI cuts repo rate by 25 bps, President Trump aims at a trade deal in 4 weeks & global gold demand seen higher in 2019

Indian gold imports dip 5.5%, global central banks turn dovish & OPEC nations urged to increase oil production

Fed holds interest rates, EU to delay Brexit & Russia plans to ban scrap palladium

Brexit woes continue, oil production severely impacted in Venezuela & rupee strengthens further

Chinese aluminium exports & copper imports decline, US crude stockpiles swell & Indian jewellers likely to restock gold

US oil sector in focus, NSE launches Brent Oil Contract & domestic castor crop output may fall 20%

US oil production hits record highs, Fed likely to turn hawkish & India..