Nickel prices are nearing 2-year lows as demand slips, with EV battery prices down 10% in August. Nickel inventories are at their highest surplus in a decade.
Biodiesel fans will be keenly awaiting an announcement this week by the US Environmental Protection Agency on how much of the renewable product must be blended into the nation’s fuel supply. Meanwhile, European natural gas traders will be watching to see if the biggest weekly surge since August can be sustained. Here are five charts to consider in global commodity markets.
Analysts said that if the US Federal Reserve keep raising rates, gold may struggle to reach near its record highs.
Gold prices have hit a lifetime high in India, Australia, and the UK, while they’re at an 11-month high in the US. The crises at SVB, Signature Bank, and Credit Suisse are making investors turn to gold as a safe-haven asset.
SEBI has written to the Ministry of Finance ahead of the Union Budget, recommending about a dozen measures for the commodity market, mutual funds and AIFs.
On a monthly closing basis, Gold closed around 1.25 percent lower in November from previous month in the domestic markets. Prices tested lows of Rs.37,477 during the month before closing at Rs.38,020 per 10 gram.
Watch the interview of Ram Pitre Commodity Market Expert with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
To deepen the nascent commodity market, regulator Sebi today came out with a detailed framework on allowing derivative contracts on commodities.
The Securities and Exchange Board of India (SEBI) will focus on strengthening risk management systems for commodity markets, UK Sinha, chief of the market regulator, said today.
Watch the interview of Kunal Shah, Nirmal Bang Commodities with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
With Sebi in charge of the commodity market, investors are getting their confidence back as the turnover of commodity exchanges grew 9 per cent to Rs 67 lakh crore in 2015-16.
Market regulator Securities and Exchange Board of India (SEBI) is considering launching new products in the commodity markets this year.
The proposal has been made by the Mines Ministry to the Finance Ministry and is likely to be included in the Budget, which will be presented on February 29, a top source said.
Robert Parker, Senior Advisor at Credit Suisse is of the belief that the recent volatility and sell offs seen in global market is not a bear market but just an unpleasant correction.
CNBC-TV18 Consulting Editor Udayan Mukherjee on his thoughts over the likely Federal Reserve interest rate hike and why you should approach private banks only with "trepidation".
The market experts are still bullish despite weak earnings from companies. They do no see any significant downside in the market in the coming week.
Watch the interview of Kunal Shah, Nirmal Bang Commodities with Shereen Bhan on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
Watch the interview of T Gnanasekar, Director, CommTrendz Research & Fund Management with Shereen Bhan on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
Watch the interview of T Gnanasekar CommTrendz Research & Fund Mgmt with Shereen Bhan on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
Watch the interview of T Gnanasekar, Director, CommTrendz Research & Fund Management with Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on commodities market and specific commodities.
Watch the interview of Kunal Shah, Nirmal Bang Commodities with Shereen Bhan on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
Watch the interview of Kunal Shah, VP, Commodities Research, Nirmal Bang Commodities with Shereen Bhan on CNBC-TV18, in which he shared his readings and outlook on commodity market and specific commodities.
Watch the interview of Kishore Narne, Associate Director, Head - Commodity & Currency, Motilal Oswal Commodity Broker with Shereen Bhan on CNBC-TV18, in which he shared his readings and outlook on the commodity market and specific commodities.
According to Ajay Jain, CEO of astromoneyguru.com, one may see positive move in gold in Indian commodity market.
Watch the interview of T Gnanasekar, Director, CommTrendz Research & Fund Management with Shereen Bhan on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.