Commodities

OPEC and Allies Ease Supply Cuts, Market Goes Range-Bound; Things You Should Know
July 17, 2020 09:55 PM AEST| By Team Kalkine MediaSummary The oil market is again range-bound despite supply ease by OPEC and allies as the market assesses the recent development to be balancing the demand and supply dynamics. OPEC and allies have decided to ease the production cut from a reco.....

Coal Prices Bounce Back; Whitehaven Coal Delivers Strong Production In June Quarter
July 15, 2020 04:47 PM AEST| By Team Kalkine MediaSummary Coal prices are now turning around slightly after taking a considerable fall, with New Castle Coal Futures recovering by ~13.27 per cent from its low of USD 59.15 a tonne to USD 67.00 a tonne. Coal market has witnessed a weak performanc.....

Iron Ore Inks A New 52-week High; ASX-listed Iron Ore Stocks Rallying, FMG at a New Record High
July 14, 2020 05:26 PM AEST| By Team Kalkine MediaSummary Iron ore prices are once again running in a full sprint with prices of iron ore futures on DCE hitting a new 52-week high. The surge in iron ore prices is well supported by a robust steel production across China and increasing domestic .....

St Barbara and Dacian Gold Release Quarterly Performance Figures
July 14, 2020 01:51 PM AEST| By Team Kalkine MediaSummary Gold spot has been the best performer of the year so far with prices reaching a new seven-year high of USD 1,818.13 per ounce recently. The surge in gold prices has drawn attention of the market participants towards ASX-listed gold stoc.....

Independence Group NL Delivers Top-Notch Performance Amidst Gush in Base Metals
July 09, 2020 02:24 PM AEST| By Team Kalkine MediaSummary Base Metals are showing some steam with prices of copper and nickel climbing the price ladder swiftly on the London Metal Exchange and on the global front. The surge in base metals prices has finally led towards the revival of many susp.....

Elevated Gold Spot Prices Transcending into Strong Financial Position for Saracen and Northern Star
July 08, 2020 05:11 PM AEST| By Team Kalkine MediaSummary Gold prices are under a new rally with spot prices again reaching a new multi-year high of USD 1,797.59 per ounce. In the wake of a strong rally in gold prices, ASX-listed gold mining companies such as Saracen Mineral Holdings Limited (.....

What Are Chartists Pointing Out in ASX-listed Oil & Gas Stocks- WPL, OSH, and STO
June 26, 2020 08:11 PM AEST| By Team Kalkine MediaASX-listed oil and gas stocks are now continuing the downside momentum after witnessing large gap downs on the exchange with many plunging due to the fall in global oil prices. Brent crude oil futures which recently climbed to trade at USD 43.93 pe.....

Iron Ore Stocks Losing Charm Over Soaring Supply
June 25, 2020 03:55 PM AEST| By Team Kalkine MediaASX-listed iron ore stocks are now caught between the crossfire of rising steel inventory across China and restoring supply chain. The stock prices are retracing back from their multi-period highs and some such as Fortescue Metals Limited (ASX:FMG).....

LNG Export to Stagnate Over the Long-Run Amidst Sizeable Global Trade
June 24, 2020 03:02 PM AEST| By Team Kalkine MediaLNG trade across the globe has grown rapidly over the last few years with LNG trade totalling around 348 million tonnes in 2019, which marked a gain of 12 per cent or 38 million tonnes against the previous year. The surge in LNG trade has prompted.....

Dark Clouds Hovering Over Coal Front; ACCC’s New Proposal a Silver Lining?
June 22, 2020 02:28 PM AEST| By Team Kalkine MediaCoal price is recovering from its recent low with Newcastle coal futures surging from the low of USD 59.70 per tonne (seen in May 2020) to the level of USD 64.00 per tonne (as on 5 July 2020), which marks a uptick of ~ 7.20 per cent post slipping f.....

ASX-Listed Oil & Gas Stocks Show Massive Gap Downs; Is the OPEC Effort Going in Vain?
June 13, 2020 02:00 PM AEST| By Team Kalkine MediaASX-listed oil stocks are once again facing the heat as crude oil market is under pressure with Brent crude oil futures plunging 14.76 per cent from its recent top of USD 43.41 per barrel (intraday high on 8 July 2020) to the present low of USD 37......

Iron Ore Exports Cross Three Digit Mark, would it Sustain?
June 09, 2020 06:17 PM AEST| By Team Kalkine MediaSummary Iron ore export earnings for 2019-2020 are estimated by DIIS to climb to a record of $101 billion. The rise in iron ore price is further supporting the exploration expenditure for iron ore across the continent, which is projected to sup.....

Oil Market Not Out of The Woods Yet- Says OPEC Secretary General HE Mohammad
June 05, 2020 03:10 PM AEST| By Team Kalkine MediaSummary Oil market is currently on a standby mode post the recent meeting held by the OPEC not coming to a concrete conclusion concerning the extension of the production cut deadline from June 2020 until year-end. The OPEC Secretary General HE .....

Gold Slips Below USD 1,700 Per Ounce, ASX-Gold Stocks At the Brim of A Top
June 04, 2020 08:38 PM AEST| By Team Kalkine MediaSummary Gold spot slips below the support level of USD 1,700 per ounce, pointing towards a slight dominancy of bears in the ongoing tug-of-war between bulls and bears. The recent breakout of gold below its short-term support zone coupled with m.....

Iron Ore- The Rally From 15-Week High to a 52-Week High
June 04, 2020 06:00 PM AEST| By Team Kalkine MediaSummary Iron ore prices are breaking records and are currently trading at a 52-week high of RMB 775.50 per metric tonne on the Dalian Commodity Exchange in China. Car and heavy truck sales coupled with falling steel inventory and rising steel pr.....

Oil Gains ~88% in May, While the US Shale Oil Industry suffers
June 01, 2020 03:28 PM AEST| By Team Kalkine MediaSummary Oil surges ~88% in May, registers record gains post dismal April. Over 200 US Based Oil producers filed for bankruptcy during the Q1,2020. The fall in crude oil prices has had a major impact on the revenue of these oil producers. Baker.....

Navigating Copper, Iron Ore, and Crude Through Technical Tools
May 26, 2020 12:21 PM AEST| By Team Kalkine MediaCommodities prices are once again trading under pressure after a phase of recovery over the speculation that improving activities in China would ultimately support the demand. To Know More, Do Read: How Prudent is the Bet on Iron Ore Miners Over C.....

The Emerging Bilateral Trade Dispute with China- Barley, Iron Ore, Coal Trading Practices Questioned
May 25, 2020 02:17 PM AEST| By Team Kalkine MediaChina imposes 80% Tax on Australian Barley, 50% of Australian Barley Was Exported to China in 2018. Market remains clueless behind the motive, while Speculations are brewing- China blames Australian trade practice; some believe Australian insisten.....

Miners Calm Over New Chinese Iron Ore Inspection Policy, But Deputy PM Expresses Concern Over Coal
May 22, 2020 04:44 PM AEST| By Team Kalkine MediaAfter an 80 per cent tariff hike on barley, China is now back with more stringent policies concerning the top-most exported commodities from Australia, i.e., iron ore and coal. In the status quo, Beijing custom department announced a change in inspec...

Supply Curtails Card Boosting Oil Sentiments While Market Awaits NPC Stimulus in China
May 21, 2020 07:43 PM AEST| By Team Kalkine MediaCrude oil prices are further climbing ladders with prices of Brent Crude oil futures rising from USD 28.86 per barrel (intraday low on 13 May 2020) to the present high of USD 36.39 per barrel (as on 20 May 2020), which marks a further price gain of ~...

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