Commodities

Why US-Backed OPEC+ Production Cut Is a Failed Stimulus in the Status Quo?
April 16, 2020 04:58 PM AEST| By Team Kalkine MediaOPEC and OPEC+ has reached record production cut agreement of almost 10 per cent in the pre-crisis level which took the production cut to 9.7 million barrels per day. The production cut would kick-in in May and June, post which it would shrink furthe...

Where Would The Australian Supply Fit in the Projected Global Nickel Deficit Ahead?
April 16, 2020 01:24 PM AEST| By Team Kalkine MediaNickel, like many other base metals such as copper, is showing slight recovery with prices of nickel futures (CFD) rising from its recent low of USD 10,867.50 (intraday low on 23 March 2020) to the level of USD 11,997.50 (intraday high on 15 April 20...

ASX-Listed Iron ore Miners and Iron ore Prices to Sustain the Uptick as Supply Chain Restores?
April 14, 2020 03:01 PM AEST| By Team Kalkine MediaASX-listed iron ore mining companies are currently being lapped up by the investors with prices of ASX-listed iron ore miners going upwards amidst a price recovery in iron ore prices in China and across the international front. The steelmaking raw m...

Silver to Get Out of Slumber and Lead the Precious Metals Rally Amidst COVID-19?
April 09, 2020 12:00 PM AEST| By Team Kalkine MediaGold and the Asian countries especially India, seem to have a love affair, the yellow metal has long been charmed by the subcontinent people. Its close ally, silver which majorly derives its economic value from the industrial application as compared...

EIA Trims Crude Oil Average Price Forecast, While Saudi and Russia Scheduled to Pull A Chair to the Negotiation Table
April 08, 2020 05:31 PM AEST| By Team Kalkine MediaOil prices rallied recently after the United States President Donald Trump suggested both the giant oil producers, Saudi Arabia and Russia to pull-up a chair to the negotiation table; however, the cloud of pessimism is yet hovering above crude oil pr...

Optimism Over Trump’s Statement Pushes Oil, A Ray of Hope for Oil Bulls?
April 02, 2020 03:21 PM AEDT| By Team Kalkine MediaCrude oil prices are getting a push from the recent market development with the United States President now intervening in the oil price war. The United States President Donald Trump has urged the Russian counterpart to pull up a chair at the negotia...

Why is Gold a Consensus Buy and Why are Money Managers Buying It?
March 30, 2020 04:35 PM AEDT| By Team Kalkine MediaGold is again back as the poster boy post rebounding once again from its psychological level of USD 1,500 per ounce. Gold just like any other asset has been impacted by the unprecedented economic and financial market conditions, with the price fallin...

COVID-19, Not Limited to Humans; Copper Slips Near 3-Year Low as Virus Arrests Global Economic Growth
March 20, 2020 02:25 PM AEDT| By Team Kalkine MediaCopper prices are under a freefall mode as global economic activities, especially construction and infrastructure development, which utilises a significant quantity of copper, are taking hit due to the coronavirus or COVID-19 outbreak. Copper prices...

Rooftop Solar PVs Dodge the COVID-19 Impact as New Installations Set Records
March 16, 2020 02:57 PM AEDT| By Team Kalkine MediaThe rooftop solar market in Australia is showing no sign of a slowdown, despite bloodbath instigated by the COVID-19 outbreak on the global scale. The latest data released by SunWiz-Australian solar industry data provider, suggests that while the reg...

Central Banks Draw Rate Cut Card to Spur Demand as World Grapples COVID-19, Commodities to Shine?
March 05, 2020 02:58 PM AEDT| By Team Kalkine MediaThe commodity market is seeming to be poised for a slight recovery post tumbling largely due to the impact of the coronavirus outbreak over the global economic activity. The slowdown in the global economy is now prompting Central Banks across the glo...

Market Seeks Safe Haven Shelter Once Again, Coronavirus or Overvaluation?
February 28, 2020 03:58 PM AEDT| By Team Kalkine MediaGold prices are again measuring higher highs with the price reaching a record of $2,562.05 (intraday high on 24 February 2020) and currently hovering around the same to trade at $2,518.12 (as on 28 February 2020 2:29 PM AEDT). The reason behind the...

Iron Ore Might Whiplash Your Returns Ahead; Things to Consider Before Pulling Trigger
February 27, 2020 02:44 PM AEDT| By Team Kalkine MediaIron ore rally finally takes a breather after posting gains for of over 19% over ten consecutive trading sessions, which took the prices of Iron ore futures in China (DCIO) from RMB 574.00 (intraday low on 10 February 2020) to the high of RMB 684.50...

The Oil Spill: U.S. Refineries Pullback Production as Acquisition Cost Surmounts and Demand Tumbles
February 26, 2020 07:09 PM AEDT| By Team Kalkine MediaCrude oil market is whiplashed from two major market disturbances, namely, IMO 2020 and Coronavirus. Both the events have disturbed the previous demand and supply scenario, which was dominated by the supply side. The introduction of IMO Marpol Conve...

The Do's and Don'ts While Trading in Commodity Market
February 19, 2020 11:20 PM AEDT| By Team Kalkine MediaCommodities are perfect portfolio enhancers and diversifiers, and many global investors use commodities for portfolio returns enhancement and diversification amid negative to no correlation of commodities with traditional assets such as equities and...

Demand for Crude Oil & Distillate Products Down: Is China to blame?
February 18, 2020 02:57 PM AEDT| By Team Kalkine MediaEIA cuts the Global Demand Growth on Coronavirus U.S. EIA (Energy Information Administration) cut down on the global liquid fuels demand will average 101.7 million barrels per day in 2020, 378,000 barrels per day less than what was forecast in Janua...

Tale of Two Legacy Assets, Gold Near Highs, Crude Near Lows; What are Chartists Looking at?
February 12, 2020 11:19 PM AEDT| By Team Kalkine MediaGold prices are again halted around the resistance level of USD 1,600 per ounce in the wake of slight recovery across the global front, especially the improvement in manufacturing activities across China and the United States. To Know More, Do Read:...

BlackRock Braces Climate Change & Sustainability
January 16, 2020 07:32 PM AEDT| By Team Kalkine MediaLaurence D. Fink aka Larry Fink, who sits at the helm of the largest asset manager in the world – BlackRock, Inc., has been running the company since its inception in 1988. Initially, the asset manager was under the cohort of Blackstone Group a...

Amidst Multiyear Index Highs, Resource Stocks-PRU, AWC, and S32 Announce Quarterly Report
January 16, 2020 06:53 PM AEDT| By Team Kalkine MediaResource stocks on the exchange are back in action with stocks such as Perseus Mining Limited (ASX: PRU), Alumina Limited (ASX: AWC), South32 Limited (ASX: S32) surging post announcing the quarterly highlights. The Resource sector is among the top r...

Resolute Sells Ravenswood: Everything You Need to Know About the Deal
January 15, 2020 11:20 PM AEDT| By Team Kalkine MediaOn 15 January 2020, Resolute Mining Limited (ASX:RSG) announced to the exchange that its Ravenswood gold mining operation was sold to- EMR Gear consortium comprising of Specialist resources private equity manager, EMR Cap...

Crude Oil Witnesses Worst Weekly Hit Since September 2019; Trade Deal Won’t Remove Tariffs- Says Steven Mnuchin
January 15, 2020 05:45 PM AEDT| By Team Kalkine MediaCrude oil prices were about to reach a 4-month high of USD 71.95 per barrel (high in September 2019), but the market overoptimism around the phase 1 trade deal between the United States and China was quickly traumatised by the United States Treasury...

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