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Commodities
Iron ore futures dip amid intense emission curbs in China
October 05, 2021 01:15 PM AEDT| By Arpit VermaHighlights The prices of iron ore plummeted to record low levels on the back of an ongoing power crunch in China. More than four-fifths of the country's steel mills have suspended their operations in September for maintenance. Australia believ.....
Crude oil hits three-year highs on robust demand recovery
October 05, 2021 12:25 PM AEDT| By Arpit VermaHighlights Crude oil prices jumped to three-year highs on Monday. OPEC+ sticks to its plan for gradually increasing the output amid stronger demand for petroleum products. The decision of the cartel to increase production gradually has pushed .....
US natural gas futures hit seven-year highs
October 01, 2021 01:37 PM AEST| By Arpit VermaHighlights The prices of US natural gas futures surged significantly. The market deficit in Europe has pumped the US gas supplies to record high levels. US utilities added nearly 88 billion cubic feet of gas into storage in the week ending 24 .....
Crude oil steadies on China’s plan to buy more oil
October 01, 2021 12:11 PM AEST| By Arpit VermaHighlights Crude oil prices traded nearly flat on Thursday. China plans to buy more oil to meet its rising energy demand. US crude oil inventories have risen with recovery in the Gulf Coast operations. Crude oil prices traded nearly flat .....
Extraordinary coal price rally to drive Australian resource exports to $349 Billion
September 30, 2021 03:55 PM AEST| By Anam SiddiquiHighlights Australian resources and energy exports are forecast to hit A$349 billion in 2021–22, up from A$310 billion in the previous year. Coal is witnessing significant demand, driven by global economic recovery, while supp.....
Oil dips on rising US crude inventories
September 30, 2021 01:25 PM AEST| By Arpit VermaHighlights Crude oil prices dip on Wednesday. US crude stockpiles rose significantly by 4.6 million barrels during the last week. The production in the US has failed to reach 2019 levels. Crude oil prices dip on Wednesday followed by a ra.....
Copper dips on the second consecutive day over China’s power crisis
September 30, 2021 01:19 PM AEST| By Arpit VermaHighlights Copper dips on Wednesday due to the ongoing power crisis in China. China’s ongoing power crisis is expected to affect the global supply and demand. A rise in the US dollar has also weighted copper prices as a higher US dollar .....
Is Australia ready to conquer the global critical material sector?
September 29, 2021 07:46 PM AEST| By Arpit VermaHighlights Australia is the world’s leading producer of lithium and holds a significant position in the production of iron ore, lead, zinc, nickel, and gold. Critical metals are the most important components required for the development o.....
Brent crude dips after hitting three-years high level
September 29, 2021 02:38 PM AEST| By Arpit VermaHighlights Brent crude oil prices dip on Tuesday after hitting a record high level of US$80 per barrel. Leading oil-producing nations are struggling to increase their production amid the global rise in energy demand. The disruptions caused by .....
Copper dips on the strong dollar and China's power crisis
September 29, 2021 02:36 PM AEST| By Arpit VermaHighlights Copper prices dip on Tuesday due to the impacts of the China power crisis. A rise in the US dollar has also made copper more expensive for other currency holders. Copper inventories at the Shanghai Future Exchange continued to deple.....
Dalian iron ore climbs up on power curbs
September 28, 2021 12:35 PM AEST| By Arpit VermaDalian iron ore futures gained more than 5% on Monday with prices hitting above CNY700 level. At the same time, the prices of steel rebar and hot-rolled coils surged significantly due to production limitations on power curbs. January delivery iron .....
Oil rises on strong demand and tight supplies
September 28, 2021 11:56 AM AEST| By Arpit VermaCrude oil prices galloped on Monday with Brent crude hitting near US$80 per barrel on the back of robust demand and tight supplies. December delivery Brent Crude oil futures last traded at US$78.50 per barrel down 0.14%, whereas November delivery W.....
Crude oil prices reach 3-year high on US supply disruptions
September 27, 2021 11:46 AM AEST| By Arpit Vermath supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday. Brent Crude oil futures for December delivery last traded at US$78.05 a barrel, up 1.06%, whereas W...
Global steel production tumbles in August on China’s environmental concerns
September 24, 2021 12:44 PM AEST| By Arpit VermaHighlights Global steel production tumbled in August 2021. China curbed its steel production on environmental concerns. Japan India and the US recorded a jump in their output during August. Global steel production tumbled by nearly 1.4% y.....
Brent crude hits 2-month high level on supply concerns
September 24, 2021 10:53 AM AEST| By Arpit VermaHighlights Brent Crude oil prices surged to two-month highs on Thursday. Strong demand and limited supply are pushing the prices to record highs. Brent Crude oil prices surged to two-month highs on Thursday on the back of robust demand and.....
What made Copper futures rebound today?
September 23, 2021 11:47 AM AEST| By Arpit VermaHighlights Copper prices climb up on Wednesday. Evergrande decided to pay interest on a domestic bond. Copper futures hit record highs during May 2021. Copper prices climbed up nearly 4% on Wednesday on relief that China's Evergrande woul.....
What made oil prices edge up today?
September 23, 2021 11:44 AM AEST| By Arpit VermaHighlights Crude oil rises on Wednesday. US crude stocks tumbled to their lowest level in the last three years. Oil facilities in the US Gulf of Mexico have resumed their operations. Crude oil prices inched higher on Wednesday on the back.....
Indonesia launched new steel plant amid skyrocketing steel prices
September 22, 2021 11:56 AM AEST| By Arpit VermaHighlights Indonesia has inaugurated a new 1.5Mt annual output capacity steel plant. The new steel plant is designed to produce hot-rolled coils. Steel prices are currently touching sky highs due to production curbs in China. Joko Widodo,.....
Oil rises as investors are concerned about growing oil demand and supply gap
September 22, 2021 10:57 AM AEST| By Arpit VermaHighlights Crude oil prices rose on Tuesday. The oil demand is improving as the world recovers from coronavirus. API data suggests that U.S. crude oil, distillate, and gasoline tumbled last week. Crude oil prices rose on Tuesday as big OP.....
What’s fueling the uranium bull run?
September 21, 2021 05:22 PM AEST| By Arpit VermaThe prices of uranium surged to nine-year highs last week, surpassing the US$50-per-tonne mark. The significant rise in raw uranium prices, which is also known as yellowcake, is underpinned by an imbalance in the market equilibrium. The price hike .....
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