After a brief lull of around a fortnight, prices of petrol and diesel were hiked for the third consecutive day. Petrol in Delhi now costs Rs 90.99 per litre, an increase of 25 paise since the previous day. Diesel price was increased by 30 paise to Rs 81.42 per litre. Prices were first hiked earlier this week […]
An increase in global bulk commodity prices is a matter of some concern to some industries in China, there is no reason to expect any long-term rise in raw material prices of upstream industries, the National Bureau of Statistics (NBS) said after announcing a sharp expansion of the economy in the first quarter. Chinese media […]
Australia’s department of industry’s quarterly report outlines a bonanza for the country with annual iron ore export values expected to peak at A$136 billion ($103 billion) in 2020–21 and stay above A$100 billion for the next five years. The strong earnings of Australian mines are thanks to new mines and expansion projects coming online, which […]
Just months after some products within the metals complex were plumbing multi-year lows and bears were predicting an extended downturn, metal prices are reaching their multi-year highs on supply crunch and recovery in demand. While the COVID-19 pandemic still had the global economy staggering, price of hot-rolled coil in the US had dipped to a […]
Government-fixed price for natural gas produced by companies such as ONGC is likely to inch up marginally to $1.82 per million British thermal unit (mmBTu) next week while the same for difficult fields like one operated by Reliance-BP may fall below $4 a mmBTu. The price of natural gas explored from fields and river basins, which is […]
Often dubbed as the poor man’s gold, demand for silver across Asia is shining brighter on hopes of an industrial recovery. Though gold and silver are often clubbed in the same basket of precious metals because of their use in jewellery, the white metal has wide industrial applications including in renewable energy. Prices of silver rose […]
If upbeat markets for coffee are any indicator, then the global economy should be out of the clutches of COVID pandemic soon. The world’s favourite cup of cheer until February-end rose for the fourth straight month, according to an index of the International Coffee Organization ((ICO). Prices are rising not just because of tightening supplies and […]
Wholesale prices of onions at Lasalgaon, India’s biggest wholesale marketplace for onions, dropped to Rs 2,000 per quintal from about Rs 4,000 per quintal just a week ago, traders said. This is primarily because of arrival of late kharif crop during the last 10 days, they said, adding that prices were expected to drop further […]
The Indian government’s proposal to reduce import duty on steel products in Budget 2021-22 would make their imports more competitive and in turn exert near-term pricing pressures on domestic steelmakers, rating agency ICRA said. In its report on implications of duty changes on the steel industry, the agency, however, said that domestic steel demand may […]
Despite concerns about rising global inflation, India’s inflation rate is likely to remain range-bound to moderate in coming months as domestic food prices are likely to come down, economists said. However, the inflation level may remain above an optimal comfort level of around 4%. The Reserve Bank of India had recently revised its projection for Consumer […]
