Crude oil prices - have risen 2% overnight, nearing a 10 month high. Concerns over supply disruption seem to be overshawdowed. Even thoughSaudi & Russia have declared output cuts of 1.3 mbpd. Kazakhastan cuts oil output due to maintenance while Libya shuts 4 east export terminals due to storm. OPEC in its monthly report said that it sees strong demand growth in 2023 -2024. Its 2024 demand growth estimated at 2.25 mbpd. Manisha Gupta discusses with energy expert narendra Taneja on where crude prices are headed.
The dollar index DXY is at 6 month high ahead of US inflation data while Crude oil prices are at near 10 mth high. Investora are now keeping an eye out for OPEC monthly report which is due on Sept 12 and the IEA report on Sept 13 as the supply cuts overshadow the continuing concern over slowing Chinese economic activity. Manisha Gupta discusses what lies ahead for energy & metal prices with Kunal Shah head of Nirmal Bang.
RBI announces the opening of a new tranche of the Sovereign Gold Bond (SGB) on September 11. It has declared that the price of gold bonds has been set at Rs 5923 per gram. The issue will remain open for bidding till September 15. Catch Manisha Gupta in an exclusive conversation with Surendra Mehta, Director, IBJA only at Commodity's Corner only on Moneycontrol
Slowing demand from China coupled with rise in production and inventories means that base metals are losing favour. Adding to the woes is the fact that the Dollar index (DXY) has gained in strength and investors are keeping an eye out for the speeches from Federal Reserve. CME Fedwatch Tool suggest a 93% chance of Fed leaving rates unchanged in Sept. Manisha Gupta discusses these details with Ajay Kedia, Founder of Kedia Commodities on this episode of Commodities Corner
Pulses prices trade firm on low sowing acreage. Sowing of Kharif pulses is lower by 8 per cent this year. This can potentially lead to a spurt in prices in the coming months as well. The combination of elevated levels of crude oil prices and rapidly weakening rupee is already seen disturbing the so far benign inflation situation. The Government Of India is also stepping in to ensure availability and affordability of pulses. How will this play out in the commodity market? Catch Manisha Gupta in conversation with Bimal Kothari, Chairman, IPGA only at Commodities Corner.
Crude oil prices which have settled at a 10-month high, with brent crude touching that $90/bbl mark. This after Saudi Arabia and Russia decided to extend their voluntary supply cuts to the end of the year. Apart from the supply cuts the prospects of the U.S. economy avoiding a hard recession have helped lift oil demand. So will crude oil prices soar further to touch $100/barrel? And how will India which is a major crude importer be impacted? Manisha Gupta discusses the repercussions of soaring crude prices with Anuj Gupta of HDFC Securities in this edition of Commodities Conrner
Silver prices have witnessed a remarkable 6% surge, captivating the attention of investors worldwide. All eyes are on the upcoming statement from the US Federal Reserve chair at Jackson Hole, a pivotal moment that could shape market trends. The dollar index has climbed to a 2-1/2 month high, exceeding 104 points.
Gold prices reached a three-week high amid soft PMI data from the United States and Euro Zone. The decline in US Dollar from a two-month high has bolstered buying activity. Meanwhile, silver prices have surged by 4 percent overnight and is now trading at a three-week high. The USD and Treasury Yields have retreated ahead of the Jackson Hole meeting, with industrial demand projected to rise. Notably, solar panels are expected to account for 14 percent of global silver consumption. Watch Manisha Gupta in conversation with Somsundaram PR, Regional CEO of the World Gold Council only on Commodities Corner.
The sugar sector finds itself in a delightful confluence as two significant factors align – soaring ethanol prices and the festive demand surge. Join us to explore how these dynamics are shaping the industry's landscape, with a closer look at the potential gains and impacts on both sugar and ethanol markets. Watch Manisha Gupta in conversation with Aditya Jhunjhunwala, President of the India Sugar Mills Association only on Commodities Corner.
Steel prices are edging towards a two-month low. China's rebar inventories have witnessed a remarkable 35 percent year-on-year (YoY) increase, impacting the ferrous metals sector, including steel and iron ore. We also discuss the market's response to a less-than-expected rate cut in China, alongside factors such as weak imports and real estate sector demand. A robust US Dollar, reaching a two-month high, adds to market concerns. Additionally, we analyse anticipation surrounding the Jackson Hole meeting outcome this Friday – August 25. Lastly, we highlight the upward trend in India's steel production and exports. Stay informed with our comprehensive analysis of these crucial market dynamics. Watch Commodities Corner with Manisha Gupta to know more.
Crude snaps 7 weeks of gains. There are concerns of further hike in US rates. US gas prices closed at 2% lower than last week. Watch Commodities Corner with Manisha Gupta to know more.
Cotton prices ease to 1 month low. Cotton prices lowers 3% this week. Watch Commodities Corner with Manisha Gupta to know more.
Metal markets face intense pressure as Fed's rate hike signals clash with soaring inventories, sending gold, copper, zinc, and nickel prices plummeting. China's production surge adds to aluminum and steel woes. Watch Commodities Corner with Manisha Gupta to know more.
Chances of Monsoon revival are weak. Low pressure area from August 17th. Respite in rainfall expected in Himachal & Uttarakhand. Watch Commodities Corner with Manisha Gupta to know more.
Base Metals At Multi Week Low; Copper, Nickel & Aluminium In Focus. What's behind the fall? Watch Commodities Corner with Manisha Gupta to know more.
Sugar prices gain overnight; stocks in India are sufficient at 10.8 million tonne: says Indian government. Watch Commodities Corner with Manisha Gupta to know more.
The Ministry of Textiles has released its order extending deadline. Cotton bales to be brought under BIS quality control. Cotton prices surges 7.5 percent month-on-month. Watch this edition of Commodities with Manisha Gupta to know more.
The European Union, India, Japan, Canada, and China have copper on critical lists. Copper is used for clean energy generation, transmission, storage. It is also used in solar panels, wind turbines, power electronics, and light. Watch this edition of Commodities with Manisha Gupta to know more.
FCI stops rice for Ethanol production to about 100 distilleries in India. Thailand, world’s 2nd largest exporter braces for potential drought and Black Sea grain deal setbacks. Catch Manisha Gupta live on Commodities.
World Gold council India Apr-Jun demand fell 7% Y-Y at 158.1 tons vs 170.7 tons. Gold imports in Q2 2023 fell 16% at 180.7 tons Vs 209 Y-Y. Catch Manisha Gupta live on Commodities Corner.
Global coal demand to hit a record high in 2023, says IEA. What is behind the surge? Catch Manisha Gupta live on Commodities.
Zero duty on crude palm, soybean, sunflower oil. Imports allowed till 31 march 2024. Refined oil duties reduced from 32.5% to 17.5% . Catch Manisha Gupta live on Commodities.
China pledges more economic support for property sector, S&P raised global car manufacturing forecast for 2023-2025 Catch Manisha Gupta live on Commodities.
Crude oil prices hit $83, a 3-month high; US Fed 2-day FOMC meeting starts today; Russia- Ukraine fight escalates. Catch Manisha Gupta live on Commodities.
Edible Oil prices rises, soya bean, sunflower oil prices also rise. Catch Manisha Gupta live on Commodities.