Commodities

Is 2021 going to be a sparkling year for aluminium?
April 18, 2021 02:37 AM AEST| By Akshaymping duties on imports of aluminium products for the upcoming three years. The pandemic that turned out to be cataclysmic for almost all commodities upon its outbreak, has now shaped up as one of the triggers sparking the price rallies for the...

Demand-supply game balancing the crude oil markets
April 18, 2021 02:31 AM AEST| By Akshayproactively cutting down on oil supplies to avoid oversupply in the market. The rally in the crude oil prices has delivered a shot in arm for the crude oil market battling against the prevailing antagonists such as weakening of US Dollar, ambig....

Wheat Futures taking a breather?
April 11, 2021 10:31 AM AEST| By Team Kalkine MediaSource:sutadimages, Shutterstock Summary Global production of Wheat hit record levels in March 2021 thanks to bumper crop in Australia. Wheat Futures prices soared during June 2020 to January 2021 and witnessed a gain of ~48 percent. Despite...

ICE Cotton prices in a correction mode, more pain to continue?
April 09, 2021 10:36 AM AEST| By Team Kalkine MediaSource:Agnes Kantaruk, Shutterstock Summary Global production of Cotton is expected to rise by ~4.70 percent in 2021/22. Global consumption of cotton has increased by ~14.48 percent in 2020/21. The prices are sustaining above an upward slopin...

Will CBOT soybean price continue to soar or cool off?
April 06, 2021 06:32 PM AEST| By Team Kalkine Mediayear high, however, RSI (14-period) is trading in the overbought zone. CBOT Soybean price has soared on strong demand from China and growing demand for soybean crush in Brazil and the United States. The world’s soybean import increased to...
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Are rising Crude Oil Prices a concern for energy hungry nations?
April 04, 2021 12:37 AM AEDT| By AkshaySource: Anan Kaewkhammul, Shutterstock Summary The Brent crude oil futures surged to US$63.79 a barrel on 1 April 2021 at 6:22 PM AEDT. The slower vaccine roll-outs and the imposition of lockdowns in France and other European nations may affec...
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How are battery metals Lead and Zinc poised on charts
April 01, 2021 06:52 PM AEDT| By Team Kalkine Mediane in January 2021 and since then trading below the breakout level. Lead Futures (SHFE: SPBc1) prices are trading above an upward sloping trend line (orange color line in the below chart) for the past 1 year, indicating an uptrend for the commod...

Why these two ASX Gold Mining stocks are sprinkling glitter?
March 31, 2021 07:00 PM AEDT| By Team Kalkine MediaSource: Phawat, Shutterstock Summary Newcrest Mining and Resolute Mining are among the hot stocks of the day after both the companies released significant updates. Newcrest has announced the initial Mineral Resource for Red Chris, whereas Reso...

Australian iron ore exports to hit record levels in 2020-21: Govt report
March 30, 2021 12:20 PM AEDT| By Team Kalkine MediaSource: Andriy Solovyov, Shutterstock Summary Recovery in steelmaking to aid Australian iron ore exports, expected to hit the A$136-billion mark. New mines/expansion of mines in Western Australia to drive volumes as key miners, including...

Nickel prices are under pressure after a steep rally, what are the charts indicating?
March 30, 2021 09:00 AM AEDT| By Team Kalkine MediaSource:Evgeny_V, Shutterstock Summary Recent fall in SHFE Nickel price backed by demand concerns arising due to slow economic recovery from the pandemic. SHFE Nickel has broken the rising channel support on the daily chart. Now, the Nickel pr...

Are Gold and Silver Losing shine?
March 29, 2021 02:51 PM AEDT| By Team Kalkine MediaSource: Olivier Le Moal, Shutterstock Summary Gold gave its first quarterly negative returns since September 2018. The rising bond yields & strengthening of the US dollar acting as a primary catalyst for the decline in precious metals...

Oil Price Volatility: Is Commodity Super Cycle Out of Order?
March 28, 2021 12:38 AM AEDT| By Team Kalkine MediaSource: Red ivory, Shutterstock Summary Oil prices have increased at a steady pace this year, with WTI Crude Oil price recording a gain of over 20 per cent. Heightened volatility in the oil prices this week has again sparked discussions around t...
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How will energy green revolution headwinds sway the oil exporters?
March 28, 2021 12:19 AM AEDT| By Team Kalkine Media/li> Lower crude oil prices may be a positive sign for the green revolution. Copyright © 2021 Kalkine Media Pty Ltd Despite the economic slump of 2020, the use of renewable energy has increased substantially in the past year. A rebound...

Suez Canal Blockage: Dislodging Ever Given Ship Could Take Up To Weeks
March 27, 2021 01:53 AM AEDT| By Team Kalkine MediaSource: Avigator Fortuner, Shutterstock Summary Dislodging a 1,300-feet long vessel, weighing two lakh tons, is proving to be quite challenging for the tugboats and diggers. At least US$ 9.6 billion worth of goods passes through the canal ever...

Traders find Silver Lining in the Natural gas price charts?
March 26, 2021 02:45 PM AEDT| By Team Kalkine Mediaing gas in underground storage fell by 11 Bfc for the week ending March 12, 2021. NYMEX Natural Gas Futures (NYME: NGc1) traded in a sharp upward trend from the latter half of June 2020 till October 2020, makinig a series of higher highs and hig...

Oil Prices Retreat Amid Rising Volatility Over Suez Canal Blockage
March 26, 2021 03:17 AM AEDT| By AnujSource: zhengzaishuru, Shutterstock Commodity prices plunged on Thursday morning as the investors tracked the massive oil vessel wedged across the Suez Canal. Oil prices saw a surge of nearly 6 per cent yesterday. As of 10 AM ET on March 25, Crude...

Supreme Court Rules Carbon Tax As Constitutional: All You Need To Know
March 26, 2021 02:59 AM AEDT| By Shreya BiswasSource: Aerial Mike, Shutterstock Summary The Supreme Court of Canada, on Thursday, March 25, greenlit the Trudeau government’s carbon price plan as constitutional. The landmark decision, which came after a 6:3 ruling, gives a vital boos...

Is Black Gold Entering a Bearish Phase?
March 25, 2021 07:27 PM AEDT| By Team Kalkine MediaSource: Avigator Fortuner, Shutterstock Summary Recently, WTI Crude Oil plunged on demand concerns due to new pandemic curbs, however reversed sharply after Suez Canal was blocked. Germany and France expected to extend lockdown restrictions du...

Will Egypt's Suez Canal Blockage Impact Canada?
March 24, 2021 09:12 PM AEDT| By AnujSource: Oil and Gas Photographer, Shutterstock Suez Canal, the world’s busiest waterway, went standstill after a gigantic container vessel was stranded on Tuesday, March 23. This blockage may lead to severe disruptions across the global energy...

Do you know these exciting lithium projects geared-up to fuel EV revolution?
March 18, 2021 01:31 PM AEDT| By Team Kalkine MediaSource: Jason Benz Bennee,Shutterstock Summary The global move towards green energy sources and sustainable development has boosted the 2020 electric vehicle (EV) revolution. Lithium, Nickel and Cobalt are the main components of a Lithium-Ion...

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