Commodity World Roundup News, Commodity Trading

Abans Group Commodity World Round-Up

As per the EIA report, global oil demand is set to rise by another 3.7 million BPD over 2021 and exceed the pre-pandemic levels from 2019. World consumption of petroleum is set..

Abans Group Commodity World Round-Up

22 Mar - 26 Mar

The third wave of European COVID-19 cases and vaccine rollout delays impacted fuel demand. The European Union is at the start of a third wave of the COVID-19 pandemic, the president of the European ..

Abans Group Commodity World Round-Up

15 Mar - 19 Mar

Fed officials, in fact, expect economic growth to remain above trend for at least two years to come, at 3.3% in 2022 and 2.2% in 2023, compared to estimated long-term potential growth of just 1.8%..

Abans Group Commodity World Round-Up

07 Mar - 12 Mar

President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief..

Abans Group Commodity World Round-Up

01 Mar - 05 Mar

OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Also, Saudi Arabia had decided to maintain its voluntary cut..

Abans Group Commodity World Round-Up

22nd Feb – 26th Feb

Rising bond yields continue to weigh on the gold market. Gold has not found any path to a sustainable recovery even with talks about additional stimulus measures. U.S. benchmark 10-year..

Abans Group Commodity World Round-Up

8th Feb – 12th Feb

Global demand for silver is expected to rise to 1.025 billion ounces in 2021, according to a report published by the Silver institute, which predicts that the purchases of bars and coins would rise to a six-year high of 257..

Abans Group Commodity World Round-Up

1st Feb – 5th Feb

World central banks have added almost 273 tonnes of gold last year, according to World Gold Council (WGC) report. The Gold Demand Trends report that was published by WGC noted that the official ..

Commodity News

Abans Group Commodity World Round-Up

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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..

Crude at a 3-month high on OPEC supply cut, Indian gold imports rise & Venezuela to double oil exports to India

RBI cuts rates by 25 bps, Government proposes a National Gold Spot Exchange & muted rise in US crude inventories

Budget Special & Other commodity news

Crude inventory build-up limits oil price upside, rupee might head to 74 levels & gold glitters due to weak equities and trade

OPEC’s crude output cut to balance market, domestic silver imports fall by 25% in 2018 & Commodity Index

Domestic Gold prices at 5-year highs, crude oil rallies, Rupee remains range-bound & changes

MF’s likely to foray into commodities, gold at 6 month highs & base metals to trade lower this quarter

Rupee strengthens against dollar, crude oil prices remain low & bullish global gold prices