Tag: commodity tips

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the London Metal Exchange (LME) drops 2.5% to $7,483 a tonne, the lowest since November 27, 2020, whereas the most-traded August copper contract in Shanghai slumps 5.5% to 57,550 yuan ($8,582.76) a tonne by the midday break said Reuters.

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Oil prices bounce back from Tuesday tumble as supply concerns return..

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.
Brent crude futures rose as much as $3.08, or 2.9%, to $105.85 a barrel in early trade after plunging 9.5% on Tuesday, the biggest daily drop since March. It was last up 92 cents, or 0.9%, at $103.69 a barrel at 0243 GMT.

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Oil was up on Wednesday morning in Asia, as investors shifted their focuses to supply tightness although recession worries mounted. Crude oil WTI futures gained 0.42% to $99.92.

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he Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50, was trading 0.24% or 36.5 points higher at 8:35 am on Wednesday, indicating Dalal Street to make a muted-to-positive start in the day.

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05 July 2022 LME Report By Accurate Commodity Get Free MCX Tips Join Fast Www.accuratecommodity.com

Today’s LME Report

Aluminium -3625
Copper -550
Lead -25
Nickel -300
Zinc -175

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