Tag: dropped
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Zinc Dropped As An Economic And Demand Slowdown In China Pressured Prices.
[ad_1] Zinc faced a significant decline of -2.51%, settling at 209.85, as concerns over an economic and demand slowdown in China, the top consumer, weighed on the market ahead of an extended public holiday. The delay in production at Russia’s Ozernoye mine, the country’s largest mine, until at least the third quarter of 2024 and…
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Natural Gas Dropped As Near-Record Output And Mostly Mild Weather Depress Demand.
[ad_1] Natural gas experienced a decline of -2.6%, settling at 161.2, attributed to the increase in output and a reduction in gas flow to liquefied (LNG) export plants. Traders noted rising production as gas wells resumed operations after freezing during extreme cold in mid-January. However, LNG feedgas remained low, primarily due to an ongoing unit…
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Gold Dropped As US Labor Market Remains Relatively Unchanged From Last Week.
[ad_1] Gold prices experienced a modest decline of -0.13%, settling at 62443, as the market grapples with the stability of the U.S. labour market. The U.S. Labor Department reported a marginal decrease of 9,000 in weekly jobless claims to 218,000, indicating a relatively unchanged labour market. Continuing jobless claims also declined to 1.871 million, down…
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Cotton Dropped As World Consumption In 2023/24 Is Forecast 1.3 Million Bales Lower
[ad_1] Cotton candy, a crucial commodity in the global textile industry, experienced a marginal decline of -0.03% in its price, settling at 57720. This decline comes amid notable shifts in the global market, with projections indicating reduced world consumption for the 2023/24 period, particularly in key cotton-producing nations such as India, Indonesia, Pakistan, Uzbekistan, and…
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Aluminium Dropped As Sentiment Over China’s Economic Activity Remains Clouded
[ad_1] prices closed down by 0.4%, settling at 201.7, as uncertainty looms over China’s economic activity. China’s official PMI data revealed the fourth consecutive month of contraction in factory activity, signalling ongoing challenges for the world’s second-largest economy. The lack of clear signs of a turning point in China’s economic growth has disappointed investors. Contrastingly,…
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Natural gas prices dropped due to forecasts of warmer than normal weather.
[ad_1] Natural gas faced a decline of -3.33%, settling at 171.3, driven by forecasts indicating warmer-than-normal weather persisting through mid-February. The prolonged warmer conditions are expected to keep heating demand low, despite bullish drops in output this week and forecasts for increased demand next week. The ongoing outage of a liquefaction train at Freeport LNG’s…
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Aluminium Dropped On Profit Booking
[ad_1] prices experienced a decline of -1.17% yesterday, settling at 202.5, influenced by various factors, including China’s significant increase in imports of unwrought aluminium in 2023. China’s imports more than doubled year-on-year, reaching 1.54 million metric tons, the second-highest annual total since the beginning of the century, falling just short of the record set in…
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Jeera Gained On Short Covering After Prices Dropped As Higher Production Prospects
[ad_1] Jeera prices demonstrated a rebound of 0.68% to settle at 27295, driven by short-covering following a decline influenced by optimistic production prospects in key states like Gujarat and Rajasthan. The current rabi season witnessed a four-year high in acreage, with farmers significantly expanding cultivation in response to record prices observed in the previous marketing…
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Bareilly Weather Change Due To Rain Temperature Dropped – Amar Ujala Hindi News Live
[ad_1] बृहस्पतिवार तड़के शुरू हुई बारिश – फोटो : अमर उजाला विस्तार बरेली में जनवरी का पूरा महीना कोहरे की आगोश में बीता। फरवरी के पहले दिन की शुरुआत बारिश के साथ हुई। बुधवार रात बूंदाबांदी शुरू हुई, जो बृहस्पतिवार सुबह बारिश में तब्दील हो गई। बारिश के कारण ठिठुरन बढ़ गई है। मौसम विभाग ने शुक्रवार…
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Turmeric Dropped As Buying Activities Has Been Slower
[ad_1] witnessed a decline of -1.51%, settling at 14830, as buying activities slowed down in anticipation of stock releases ahead of the commencement of new crops. Pressure on prices was also observed due to improved crop conditions resulting from favourable weather. However, the downside is limited by weaker production prospects and tighter stocks in the…