#crude oil price in commodity market

[commoditysamachar]

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[trader-sg112]

Oil Prices Inch Up Despite Mixed Signals

Oil prices edged slightly higher on Friday. Contracts for Brent crude oil expiring in August climbed 0.4%, reaching $86.73 per barrel. Similarly, West Texas Intermediate (WTI) crude futures, a key benchmark for North American oil, rose 0.4% to $82.09 per barrel.

This modest increase comes amidst conflicting forces in the oil market. While concerns about potential supply disruptions from the Middle East and ongoing geopolitical tensions provided some upward pressure, a strong U.S. dollar acted as a counterweight. A stronger dollar can make oil, priced in dollars, less attractive to buyers using other currencies.

The focus for investors has now shifted to upcoming U.S. inflation data, which could influence future decisions by the Federal Reserve on interest rates. Higher interest rates can strengthen the dollar and potentially dampen demand for oil.

[quirkymarshmallows93]

Gas Station Stream of Consciousness Post

Gas Stations as Liminal Spaces

I've had quite a few hyperfixations in my day - ATMs, laundry detergents, credit cards - so my current one pertaining to gas stations is fitting considering my affinity for liminal spaces and the dedication of this blog to them. Liminal spaces are transitory in nature, hence their portrayal in online circles through photos of carpeted hallways, illuminated stairwells, dark roads, and backrooms, among other transitional points.

Gas stations are posted online as well; images of their fuel pumps or neon signage photographed through a rainy car window communicate their liminality and the universal experiences they provide to all of society. Perhaps they are the ultimate specimen of a liminal space. The machines they are created for, automobiles and tractor trailers alike, themselves are tools for motion, vestibules that enable travel and shipment across long distances at high speeds. Cars and roads are liminal spaces, albeit in different formats, and gas stations serve as their lighthouses. Vehicles at filling stations, therefore, are in a sense liminal spaces within liminal spaces within liminal spaces.

The uniqueness of a gas station as a liminal space, however, is its intersection with the economics and aesthetics of capitalism. Gasoline (and diesel fuel) is a commodity, downstream from crude oil, merely differentiated by octane ratings. Some argue that minute distinctions between agents, detergents, and additives make some brands better than others. Indeed, fuels that are approved by the Top Tier program, sponsored by automakers, have been shown to improve engine cleanliness and performance, but this classification does not prefer specific refiners over others; it is simply a standard. To a consumer, Top Tier fuels are themselves still interchangeable commodities within the wider gasoline commodity market.

The Economics of Gas Stations

The market that gas stations serve is characterized by inelastic demand, with customers who reckon with prices that fluctuate day in and day out. This is not to say that consumer behavior does not change with fuel prices. It has been observed that as prices rise, consumers are more eager to find the cheapest gas, but when prices fall, drivers are less selective with where they pump and are just happy to fill up at a lower price than last week. In response, gas stations lower their prices at a slower rate than when increasing prices, allowing for higher profit margins when wholesale prices fall. This has been dubbed the "rockets and feathers" phenomenon.

When portrayed as liminal spaces, gas stations are most often depicted at night, places of solitude where one may also enter the adjacent convenience store and encounter a fellow individual who isn't asleep, the modern day lightkeeper. The mart that resides at the backcourt of a gas station is known to sell goods at higher prices than a supermarket, simultaneously taking advantage of a captive customer, convenient location, and making up for the inefficiencies of a smaller operation. It may come as no surprise, then, that gas stations barely make any money from fuel sales and earn their bulk through C-store sales. This is a gripe I have with our economic system. Business is gamified, and in many cases the trade of certain goods and services, called loss leaders, is not an independent operation and is subsidized by the success of another division of a business, a strategy inherently more feasible for larger companies that have greater scale to execute it.

Nevertheless, most gas station owners, whether they have just one or hundreds of sites, find this method fruitful. Even though most gas stations in the US sell one of a handful of national brands, they operate on a branded reseller, or dealer, model, with oil companies themselves generally not taking part in the operations of stations that sell their fuels. The giants do still often have the most leverage and margin in the business, with the ability to set the wholesale price for the distributor, which sells at a markup to the station owner, which in turn will normally make the least profit in the chain when selling to the end customer at the pump. This kind of horizontal integration that involves many parties lacks the synergies and efficiencies of vertical integration that are so applauded by capitalists, but ends up being the most profitable for firms like ExxonMobil, who only extract and refine oil, and on the other end of the chain merely license their recognizable brands to the resellers through purchasing agreements. Furthermore, in recent years, independent dealers have sold their businesses to larger branded resellers, in many cases the ones from whom they had been buying their fuel.

A Word on ExxonMobil's Branding Potential

The largest publicly traded oil company in the world is Exxon Mobil Corporation. It is a direct descendent of the Rockefeller monopoly, Standard Oil, which was broken up in 1911 into 34 companies, the largest of which was Jersey Standard, which became Exxon in 1973. This title was generated by a computer as the most appealing replacement name to be used nationwide to unify the Humble, Enco, and Esso brands, decades before AI was spoken of. The latter brand is still used outside of the United States for marketing, arising from the phonetic pronunciation of the initials of Standard Oil. In 1999, Exxon and Mobil merged, and the combined company to this day markets under separate brands. Exxon is more narrowly used, to brand fuel in the United States, while Mobil has remained a motor oil and industrial lubricant brand, as well as a fuel brand in multiple countries.

Mobil originated in 1866 as the Vacuum Oil Company, which first used the current brand name for Mobiloil, and later Mobilgas and Mobilubricant products, with the prefix simply short for "automobile". Over time, Mobil became the corporation's primary identity, with its official name change to Mobil Oil Corporation taking place in 1966. Its updated wordmark with a signature red O was designed by the agency Chermayeff & Geismar, and the company's image for service stations was conceived by architect Eliot Noyes. New gas stations featured distinctive circular canopies over the pumps, and the company's recognizable pegasus logo was prominently on display for motorists.

I take issue with the deyassification of the brand's image over time. As costs were cut and uniformity took over, rectangular canopies were constructed in place of the special ones designed by Noyes that resembled large mushrooms. The pegasus remained a prominent brand icon, but the Mobil wordmark took precedence, which I personally believe to be an error in judgement. This disregard for the pegasus paved the way for its complete erasure in 2016 with the introduction of ExxonMobil's "Synergy" brand for its fuel. The mythical creature is now much smaller and appears only at the top right corner of pumps at Mobil gas stations, if at all.

Even into the 90s and the 21st century the Pegasus had its place in Mobil's marketing. In 1997, the company introduced its Speedpass keytag, which was revolutionary for its time and used RFID technology, akin to mobile payments today, to allow drivers to get gas without entering the store or swiping a card. When a Speedpass would be successfully processed, the pegasus on the gas pump would light up red.

When Exxon and Mobil merged in 1999, the former adopted the payment method too, with Exxon's less iconic tiger in place of the pegasus.

The program was discontinued in 2019 in favor of ExxonMobil's app, which is more secure since it processes payments through the internet rather than at the pump.

What Shell has done with its brand identity is what Mobil should've done for itself. The European company's logo was designed in 1969 by Raymond Loewy, and is a worth contender for the "And Yet a Trace of the True Self Exists in the False Self" meme. In recent years, Shell went all in on its graphic, while Mobil's pegasus flew away. I choose to believe that the company chose to rebrand its stations in order to prevent the malfunction in the above image from happening.

ExxonMobil should have also discontinued the use of the less storied Exxon brand altogether, and simplifying its consumer-facing identity to just the global Mobil mark. Whatever, neither of the names are actual words. As a bonus, here is a Google map I put together of all 62 gas stations in Springfield, MA. This is my idea of fun. Thanks for reading to the end!

[ennovance]

“American crude-oil production rose 1.5% in August to hit a record 13.4 million barrels a day, as the top producing states of Texas and New Mexico saw output hit fresh record highs of 5.82 million and 2.09 million, respectively.“

Oversupply Could Mute Effects of Wider Middle-East Conflict on Oil Prices

https://www.worldbank.org/en/news/press-release/2024/10/29/commodity-markets-outlook-october-2024-press-release @WorldBank #oott #opec #chemical #investor #ennovance

#shalegas #pennsylvania #climate #esg #cleantech

[lavanyamuj00058]

Different Financial Instruments

Different Financial Instruments in India The financial market in India provides a wide variety of products to suit different risk tolerances and investment requirements. Making wise investing selections requires having a thorough understanding of these instruments. Here, we examine a few of the most important financial products that are offered in India.

Stocks Ownership in a corporation is represented by stocks, or equity. Purchasing shares of a firm permits you to participate in its development and earnings as an owner. On stock markets such as the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), stocks are exchanged. Although they have a large amount of market risk, they provide huge profits. Prior to making an investment in stocks, investors should perform extensive research.

Bonds Bonds are fixed-income securities that governments, businesses, and local governments issue to raise money. At maturity, they repay the principle amount together with monthly interest payments. Although they sometimes yield less returns than stocks, bonds are seen to be safer. For conservative investors seeking consistent income, they are perfect.

Mutual Funds Mutual funds invest in a diverse portfolio of stocks, bonds, and other assets by pooling the money of several individuals. Professional fund managers oversee them. By providing diversity, mutual funds help individual investors take on less risk. They are available in several varieties, including debt, equity, and hybrid funds, to accommodate varying risk tolerances and investment objectives.

Fixed Deposits (FDs) Fixed deposits are one of the most popular investment options in India. They offer a fixed interest rate for a specified tenure, providing assured returns. FDs are considered very safe, especially when deposited in reputable banks. They are suitable for risk-averse investors seeking guaranteed returns.

Derivatives Financial contracts known as derivatives derive their value from underlying assets such as stocks, bonds, or indexes. Derivatives that are frequently used are swaps, options, and futures. They are employed in price movement speculation and risk hedging. Since they can be complicated, derivatives are usually only advised for seasoned investors.

Instruments for Foreign Exchange Currency trading is a part of foreign exchange instruments. Businesses and investors use them to speculate on currency changes or as a hedge against currency risk. Forex trading is extremely risky and necessitates a solid grasp of world economic issues.

Cash and Cash Equivalents These include instruments like treasury bills, commercial papers, and certificates of deposit. They are highly liquid and can be quickly converted into cash. Cash equivalents are low-risk investments, suitable for short-term needs or as a part of a diversified portfolio

Goods and Services Investing in commodities such as crude oil, silver, and gold is an additional choice. Direct commodity trading is also possible, as is commodity futures trading. They diversify an investment portfolio and act as a buffer against inflation. In summary The financial market in India provides a vast range of instruments to suit varying risk appetites and investment requirements. Investors have a wide range of alternatives, from secure and steady fixed deposits to high-risk, high-reward stocks. Making wise investing selections requires having a thorough understanding of these instruments, as well as the risks and rewards associated with each. There is a financial product in India to meet your demands, regardless of whether you are an aggressive investor wanting large profits or a conservative investor seeking safety.

[agent-aurarivera]

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[hcgdiary]

Vegetable Oil Industry in India

The vegetable oils industry in India is a significant sector that plays a crucial role in the country's economy and food supply. India is one of the largest consumers and importers of vegetable oils globally due to its large population and dietary preferences.

The vegetable oils industry in India involves the production, processing, and marketing of various types of edible oils derived from plants. Some of the commonly used vegetable oils in India include palm oil, soybean oil, sunflower oil, mustard oil, groundnut oil, cottonseed oil and coconut oil.

Here are some key aspects of the vegetable oils industry in India:

Production: India produces a certain amount of vegetable oils domestically, primarily from oilseeds such as soybeans, groundnuts, rapeseed/mustard, sunflower, and sesame. However, domestic production is insufficient to meet the country's growing demand, leading to a significant reliance on imports.

Imports: India is one of the largest importers of vegetable oils in the world. The country imports vegetable oils from various countries such as Indonesia, Malaysia, Argentina, Ukraine, and others. Palm oil constitutes a significant portion of the imports, followed by soybean oil and sunflower oil.

Consumption: Vegetable oils are a staple ingredient in Indian cuisine and are used extensively for cooking purposes. The growing population, changing dietary patterns, and increasing urbanization have contributed to the rising consumption of vegetable oils in the country.

Processing: Vegetable oils are extracted from oilseeds through mechanical or solvent extraction methods. The oilseeds are processed in oil mills or solvent extraction units to obtain crude oil, which undergoes refining processes to produce refined vegetable oils.

Government Policies: The Indian government has implemented various policies to support the vegetable oils industry, promote domestic production, and reduce import dependency. These policies include subsidies, minimum support prices for oilseeds, research and development initiatives, and trade regulations.

Health Considerations: In recent years, there has been an increasing focus on the health aspects of vegetable oils. Consumers are becoming more conscious of factors such as trans fats, saturated fats, and overall nutritional value. This has led to a growing demand for healthier vegetable oil options and increased awareness of oil labeling and quality standards.

It's important to note that the vegetable oils industry is subject to market fluctuations, global commodity prices, weather conditions, and government policies, which can impact production, prices, and trade dynamics. For the most up-to-date information and statistics on the vegetable oils industry in India, it is advisable to refer to industry reports, trade publications, and official government sources.

[mariacallous]

US Plans 200% Tariff on Russia Aluminum as Soon as This Week

The US is preparing to slap a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears, according to people familiar with the situation. 

President Joe Biden has yet to give the official go-ahead, and there have been concerns in the administration about collateral damage on US industries, including aerospace and automobiles, said the people, who asked not to be identified discussing internal deliberations. 

The move, which has been contemplated for months, is also aimed at Russia, the world’s second-largest aluminum producer, because Moscow has been dumping supplies on the US market and harming American companies. The timing of the decision could slip past this week, one of the people said. 

The White House National Security Council didn’t immediately respond to requests for comment.

The escalation of pressure on Moscow comes after Washington unleashed unprecedented levels of sanctions to punish and isolate President Vladimir Putin’s government, including freezing its central bank assets globally, targeting its banking, technology and defense sectors and sanctioning individuals linked to Putin.

The move against aluminum also continues efforts by the US and European Union to blunt Russia’s role as global commodities powerhouse. The EU has banned imports of Russian oil, gas and fuels in an attempt to cut its reliance on Moscow. The impact of that move, however, has been mitigated by a redrawing of the global oil trade map, with most crude supplies going now to China and India at lower prices.

There’s no indication so far that the EU is planning a similar move on Russian aluminum. 

US Market

Russia, the world’s largest aluminum producer after China, has been a significant source of material for the US market. Most of it is value-added items, rather than in bulk product, with US buyers ranging from building and construction to automotive.

Such a steep tariff would effectively end US imports of the metal from Russia. While the country has traditionally accounted for 10% of total US aluminum imports, the amount has dropped to just more than 3%, according to US trade data.

The tariff option would be less severe than actions considered last year by the administration, including an outright ban or sanctions on Russia’s sole producer of the metal, United Co. Rusal International PJSC. Such a move risked wider market disruptions, by making Russian supplies essentially toxic for buyers globally. 

Rusal shares in Moscow were trading down as much as 3% on Monday after the news. The company declined to comment.

As the White House has weighed action on Russian aluminum, buyers in the US had been discussing the potential of alternate supply in the event of a ban, tariff or sanction. Industry participants in recent months have also tried to game plan where Russian metal would go if it was suddenly blocked out of the US market, as well as Europe, with many speculating that it could be transshipped via China or other countries and reexported, obscuring its origins.

Industry Support

Aluminum prices dropped about 15% last year amid worries of a slowing global economy and the ongoing pandemic lockdowns in China, the world’s largest consumer. 

Aluminum futures traded on the London Metal Exchange on Monday briefly erased gains and rose as much as 0.6% on news of the tariffs, before declining 1.7% to $2,526.50 a metric ton as of 3:25 p.m. London time.

The Aluminum Association, a trade group that represents the industry in the US, said in a statement Monday that “the aluminum industry stands in support of any and all efforts deemed necessary by the US government and its NATO allies” to address Russia’s invasion. “This is a global security and humanitarian disaster that goes far beyond the interests of any single industry.”

US imports of Russian aluminum had dropped to near zero in October as the administration weighed a ban, worrying domestic buyers who didn’t want to be stuck with the material. Imports rebounded to 11,600 tons in November before easing back to 9,700 tons in January.

[starseedfxofficial]

Crude Futures, Hurricane Rafael, and Gold's Drama: How to Profit Amid Chaos Crude Futures and Hurricane Rafael: The Secret Dance of Oil, the Dollar, and Gulf Storms Remember the last time a hurricane blew through and you shrugged it off as just another weather story? Well, think again. This time, Hurricane Rafael has waltzed right into the heart of the Gulf of Mexico, shutting down 17.4% of oil production and 7% of natural gas output, and traders everywhere are jittering like leaves in the storm winds. We're not just talking about the crude futures inching up; it's more like Rafael playing puppet master—pulling the strings of oil prices and swinging them just enough to catch everyone's attention. Here's the deep dive into what's happening and why you should care, even if your trading exposure is far from anything "crude." The Devil in the Details: Why Dollar Strength Isn't Always a Good Thing Traders who were hoping for an easy ride are in for a reality check. The strong dollar isn’t just about winning against other currencies; it comes with a price—a price that can really mess with your commodities. With Rafael raging in the background, we’re seeing a slightly larger-than-expected crude inventory build. Nothing spells out "we’re in for a weird trading week" quite like a paradox of high inventories in a storm-stricken market. So why does this matter? It's all about the buck—and it’s more complicated than winning at Monopoly. A strengthening dollar makes crude oil more expensive for overseas buyers, and with this storm in play, the natural balance becomes anything but...well, natural. It’s like trying to carry a cocktail tray on a rocking boat—you’re going to spill, and probably in some unexpected directions. Gold Under Trump's Shadow (Again): Who Could Have Seen This Coming? And here’s a wildcard for the table—gold’s down too, and you can blame the Trump victory for that. Before you say "not again," it's the old story of rising yields underpinning the dollar, pushing spot gold to sulk below the USD 2,700 per ounce level. Remember, in the dance between yields and gold, yields are like the lead dancer who doesn't want to share the spotlight. Spot gold languishing at this level is the equivalent of a trader’s nightmare where safe havens become not-so-safe—gold is acting more like a drama queen without a stage right now. Here’s where the insight kicks in: just because spot gold is down doesn't mean it’s out of opportunities. A strong dollar might make gold shy, but historically speaking, every time gold has "languished" after an election, it’s come back with a fury. Think of it as the Rocky Balboa of commodities—down, but not defeated. So, if you’re one of those traders with a nose for opportunity, you might want to keep an eye on this golden underdog. Copper's Mild Recovery: A Reprieve or a Dead Cat Bounce? Ah, copper. Often overlooked in favor of flashier metals like gold or crude—but let’s give copper its day in the sun, shall we? It managed to partially nurse its losses today after yesterday’s dramatic slide. But before you get too excited, let’s be real: this could just as easily be a classic dead cat bounce as it could be a meaningful retracement. Here’s the hidden gem only experts might appreciate: copper’s movements often give you clues about the pulse of industrial demand and macroeconomic jitters. Sure, Rafael isn’t blowing copper off course directly, but the storm’s impact on broader sentiment, production expectations, and supply chains has a funny way of rippling through the metals market. Hidden Opportunities in Volatility: How to Profit When the Market Loses Its Balance The beauty of a market that’s lost its footing is the number of strategic advantages it presents—if you know where to look. Rafael’s impact, the dollar’s movements, and even Trump-driven yields mean volatility is in the air, and volatility is a trader’s best friend, provided you’re armed with the right strategy. What’s the right strategy, you ask? Here’s a ninja tactic to take to heart: When everyone else is running scared from the strong dollar, the idea is not to run with them—instead, hedge. Options can be your "get out of jail free" card here, allowing you to capture gains on the inevitable overreactions the market tends to serve up in such conditions. Call options on oil, considering the current output disruptions, might be one way to capitalize on short-term volatility without needing to lay your whole wallet on the line. The Secret Patterns of Crisis Trading: Why Rafael Might Have Just Given You the Key There's a saying that traders love storms—both figuratively and literally. Hurricane Rafael might just have shaken things up enough to reveal some hidden trading gems. Markets hate uncertainty, but you don't have to. One secret here? Take the cue from Rafael’s storm path. Notice how the impacts moved from Cuba to the Gulf of Mexico—meaning disruptions can spread like a ripple. The secret strategy some expert traders use is following the ripple—noticing how supply chain disruptions in energy markets (due to weather) may spill over into industrial metals or even safe havens like gold. If you’re savvy, you’re not just reacting to Rafael—you’re seeing where Rafael’s impact might be overblown. This kind of "ripple-following" is what sets the pros apart. It means keeping an eye not only on the primary assets affected but looking into second-tier impacts—like infrastructure demand in the wake of hurricanes. Here’s where copper comes back into play. Depending on recovery and rebuilding, copper demand could see a spike, offering traders a surprise window of opportunity to ride the post-storm recovery momentum. Wrapping It All Up: Takeaways, Ninja Moves, and Trade Setups So where does this leave us? Well, if you’re looking for a crystal-clear conclusion, you might be in the wrong business. Trading, especially in times of chaos, is less about certainty and more about using the tools at your disposal to handle uncertainty. Hurricane Rafael’s impact on oil production, the dollar’s strength, and the knock-on effects in the gold and copper markets mean we’re in for one wild trading ride. The wise traders are the ones who take Rafael not as a mere weather event but as a roadmap for market disruption—and opportunity. If you play your cards right, hedging against storm-induced volatility could be your ace in the hole. Remember, while the big players panic, your job is to look for the seams, the opportunities where conventional wisdom breaks down. The big secret here? Crises like Hurricane Rafael don’t just disrupt—they create moments of opportunity that only those willing to look past the headlines can truly seize. Looking for more ways to stay ahead in the Forex market? Check out these resources: - Latest Economic Indicators and Forex News: Stay informed on market movements and groundbreaking concepts with exclusive, real-time updates at StarseedFX Forex News Today. - Forex Education: Expand your knowledge with in-depth resources, advanced methodologies, and little-known strategies at StarseedFX Forex Education. - Community Membership: Join the StarseedFX community for expert analysis, daily alerts, live trading insights, insider tips, and elite tactics by visiting StarseedFX Community. - Free Trading Plan: Set goals, manage risks, and track progress with our detailed trading plan. Discover rare strategic advantages at StarseedFX Free Trading Plan. - Free Trading Journal: Enhance performance and refine strategies with real metrics using advanced methods for progress tracking at StarseedFX Free Trading Journal. - Smart Trading Tool: Optimize your trading with automated lot size calculations, insights, and order management at StarseedFX Smart Trading Tool. —————– Image Credits: Cover image at the top is AI-generated   Read the full article

[accapitalmarket]

Trump 2.0 returns, Wall Street on Coke, FOMC ahead

US stocks surged higher on Wednesday, with all the main indexes hitting record peaks as Donald Trump was clearly and quickly declared winner in the election for the 47th President of the United States.

As Trump, also the winner of the 2016 presidential election, confirmed his stunning return to the White House, his Republican party also took a majority in the US Senate and were also on track to win the House of Representatives, raising the possibility of a clean sweep in the 2024 elections.

Republican control of Congress would present a much easier path for Trump to enact major policy changes and his more inflationary policies. Investors were excited by optimism that the new president’s policies could boost economic growth.

DXY H1

The dollar and Treasury bonds yields jumped on the inflation trade, with the greenback hitting a near four-month high. Meanwhile, gold prices dropped by around 3%.

There was no sign of any caution ahead of the conclusion on Thursday of the Federal Reserve’s two-day policy meeting, with the central bank widely expected to cut interest rates by 25 basis points

Any comment on the Fed’s plan for future rate cuts will be closely watched, given recent signs of stickiness in US inflation, while recent jobs data proved weaker than expected.

At the stock market close in New York, the blue-chip Dow Jones Industrials Average had leapt 3.6% higher to 43,729, enjoying its best session for two years.

SPX500 H4

Meanwhile the broader S&P 500 index jumped 2.5% to 5,929, and the tech-laden Nasdaq Composite gained 3.0% at 18,983.

Banking stocks rose strongly as the new Trump presidency is expected to result in less regulation in the sector. Goldman Sachs leapt 13.1% higher, Citi jumped 8.4%, and Bank of America also rose 8.4%.

Among individual stocks, Tesla climbed 14.8%, with the electric vehicle giant’s CEO Elon Musk a major backer of the new president’s campaign.

Cryptocurrency exchange Coinbase Global leapt 31.1% as bitcoin climbed to record highs with Trump having declared himself pro-crypto.

Trump Media & Technology which owns the Truth Social platform and is primarily owned by the new-elected president, soared 6.0% higher.

But on the downside, First Solar dropped 10.1%, falling along with other renewable energy firms, with Trump expected to reverse many of the climate regulations passed under current President Joe Biden.

Among commodities, oil prices were impacted by the stronger US dollar which outweighed expectations that Donald Trump's foreign-policy plans could squeeze global oil supply.

USOIL H1

UK Brent crude fell 0.5% to $75.19 per barrel, while US WTI shed 0.1% to $71.90.

Disclaimer: The information contained in this market commentary is of general nature only and does not take into account your objectives, financial situation or needs. You are strongly recommended to seek independent financial advice before making any investment decisions. Trading margin forex and CFDs carries a high level of risk and may not be suitable for all investors. Investors could experience losses in excess of total deposits. You do not have ownership of the underlying assets. AC Capital Market (V) Ltd is the product issuer and distributor. Please read and consider our Product Disclosure Statement and Terms and Conditions, and fully understand the risks involved before deciding to acquire any of the financial products provided by us. The content of this market commentary is owned by AC Capital Market (V) Ltd. Any illegal reproduction of this content will result in immediate legal action.

[palmoilnews]

VEGOILS-Palm rangebound on rival oils; market eyes key data JAKARTA, Nov 4 (Reuters) - Malaysian palm oil futures traded sideways on Monday, following rival vegetable oils, while the market awaits Malaysian Palm Oil Board (MPOB) data and export figures. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 1 ringgit, or 0.02%, to 4,869 ringgit ($1,116.74) a metric ton during the midday break. "The futures seem to be following Dalian palm oils support. We will establish our lead once the MPOB and export data are out. For the time being it should be tracking leads from rival oils," a Kuala Lumpur-based trader said. Dalian's most-active soyoil contract DBYcv1 rose 1.43%, while its palm oil contract DCPcv1 gained 0.98%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.11%. Palm oil tracks price movements of rival edible oils as it competes for a share in the global vegetable oils market. Oil prices extended gains on Monday, rising more than $1 on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a week that spans a U.S. presidential election and a key meeting in China. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit MYR=, palm's currency of trade, strengthened 0.34% against the U.S. dollar, making the commodity more expensive for buyers holding foreign currencies. Cargo surveyors estimate exports of Malaysian palm oil products rose between 11.5% and 13.7% in October, compared with a month earlier. Indonesia raised its crude palm oil reference price for November to $961.97 per metric ton from $893.64 in October, a trade ministry official told Reuters. The new price will put the export tax for November at $124 per ton. Palm oil may surge into the 4,936-5,023 ringgit per metric ton range, driven by a powerful wave C, Reuters' technical analyst Wang Tao said. ($1 = 4.3600 ringgit)

[trader-sg112]

Market Update: Key Indices and Stocks Show Mixed Movements Amidst Economic Projections

Index Futures Overview

As the trading day commenced, the major U.S. stock index futures exhibited modest fluctuations. Dow Jones Futures traded largely unchanged, indicating a neutral market sentiment. Meanwhile, S&P 500 Futures edged up by 2 points, representing a 0.1% increase. The Nasdaq 100 Futures also climbed by 20 points, or 0.1%, reflecting slight optimism in the tech sector.

Economic Projections: Job Market Insights

Economists are keeping a close watch on the U.S. labor market data, anticipating the addition of 189,000 jobs in June. This follows a stronger-than-expected increase of 272,000 jobs in May. The employment figures are crucial as they provide insights into the health of the economy and can influence Federal Reserve policy decisions. A robust job market typically signals economic strength, while any shortfall could raise concerns about a potential slowdown.

Stock Movements: Highlights and Lowlights

Tesla (NASDAQ: TSLA): Tesla's stock saw a premarket boost of nearly 2%, continuing its trend of strong performance. This increase may be attributed to positive investor sentiment surrounding the company's ongoing innovations and expansion plans in the electric vehicle market.

Macy’s (NYSE: M): Macy’s stock surged by 4% premarket. This rise could be due to positive retail sector performance or specific company news that has bolstered investor confidence. Macy’s, as a major player in the retail industry, often reflects broader consumer spending trends.

Coinbase Global (NASDAQ: COIN): In contrast, Coinbase Global experienced a significant drop, with its stock falling 6.5% premarket. The decline in Coinbase's stock price may be linked to recent regulatory scrutiny or market volatility impacting the cryptocurrency sector.

Commodity Market Movements

Crude Oil: U.S. crude futures (WTI) rose slightly by 0.1% to $83.98 a barrel, suggesting steady demand despite global economic uncertainties. Conversely, the Brent crude contract saw a marginal decline, trading at $87.40 a barrel. These movements indicate mixed market sentiments influenced by factors such as supply concerns and geopolitical developments.

Cryptocurrency Update

Bitcoin: The world's leading digital currency, Bitcoin, faced a downturn, falling to its lowest level since February. This decline reflects broader market trends affecting cryptocurrencies, including regulatory pressures and changes in investor sentiment.

Conclusion

Today's market snapshot presents a mixed picture with minor gains in major indices and varied performances among prominent stocks. Economic projections, particularly job market data, will play a crucial role in shaping market movements in the near term. Investors are advised to stay informed about ongoing economic indicators and company-specific developments to navigate the dynamic market landscape effectively.

This article provides a comprehensive overview of the current market trends, highlighting key indices, stocks, and economic projections. It offers valuable insights for investors and market watchers looking to understand the factors driving today's financial landscape.

[mordormr]

Needle Coke Market: An Overview of the Industry and Trends

The Needle Coke Market is projected to have a size of 1.93 million metric tons in 2024, with expectations to reach 3.91 million metric tons by 2029, reflecting a compound annual growth rate (CAGR) of 15.11% during the forecast period from 2024 to 2029.

The needle coke market plays a crucial role in the global energy, steel, and automotive industries. It is a specialized type of petroleum coke that boasts superior crystalline structure and high electrical conductivity. Needle coke is primarily used in the manufacturing of graphite electrodes, which are essential components in electric arc furnaces (EAF) for steel production. As the steel industry continues to adopt more sustainable practices, the demand for needle coke is expected to rise.

Market Drivers

a) Growing Steel Production

One of the primary factors driving the needle coke market is the increasing demand for steel. Electric arc furnaces (EAF) are rapidly being adopted due to their lower environmental impact compared to traditional blast furnaces. Since graphite electrodes made from needle coke are indispensable in EAF steel production, this shift has significantly bolstered demand for needle coke. Countries like China, India, and the United States are key players in this space.

b) Growth of the Electric Vehicle (EV) Market

The rise of electric vehicles (EVs) has created a surge in demand for lithium-ion batteries, where needle coke is also used as a key raw material for synthetic graphite production. As EV adoption grows, especially in regions like North America, Europe, and Asia-Pacific, the need for needle coke is set to increase. Governments promoting clean energy and strict emissions regulations are further pushing this trend.

c) Focus on Energy Efficiency

Sustainability has become a critical factor for industries worldwide. The steel industry, traditionally seen as highly polluting, is investing heavily in cleaner technologies such as EAF, which leads to lower carbon emissions. The role of needle coke in these furnaces makes it an essential component of the industry’s sustainability strategy.

Industry Challenges

a) Supply Constraints

Needle coke production is concentrated in a few regions, with the majority of petroleum-based needle coke produced in the U.S., Japan, and China. However, due to limited production capacities and high demand, especially for high-quality needle coke, there is a potential supply shortage. This imbalance between supply and demand can lead to price volatility in the market.

b) Environmental Concerns

Needle coke production, particularly petroleum-based coke, involves refining processes that are not entirely eco-friendly. Rising concerns over carbon emissions and environmental regulations may pose challenges to the industry. To mitigate these concerns, market players are increasingly focusing on more sustainable production methods.

c) Fluctuating Raw Material Costs

The production of needle coke is closely tied to the availability and cost of raw materials, including crude oil and coal tar. Market fluctuations in these commodities can significantly impact needle coke prices. Producers must remain agile and adopt hedging strategies to mitigate these risks.

4. Competitive Landscape

The needle coke market is dominated by a few key players. Companies like Phillips 66, Mitsubishi Chemical Corporation, and GrafTech International lead the market in terms of production capacity and technology. Other important players include China National Petroleum Corporation (CNPC) and Seadrift Coke LP.

These companies are investing heavily in R&D to enhance the quality of needle coke and develop eco-friendly production processes. Additionally, mergers, acquisitions, and strategic partnerships are common as players aim to strengthen their market positions and gain access to newer markets.

Regional Analysis

a) Asia-Pacific

Asia-Pacific is the largest and fastest-growing market for needle coke, primarily driven by the growing steel production in China and India. The region also leads in the manufacturing and adoption of electric vehicles, further contributing to the growth of needle coke demand. Government initiatives supporting the growth of green industries are fueling this trend.

b) North America

The U.S. is a major producer of petroleum-based needle coke and home to key industry players like Phillips 66. The region’s significant automotive industry, combined with growing investments in renewable energy, is expected to boost demand for needle coke in EV battery production.

c) Europe

Europe’s focus on sustainability and green energy solutions is pushing the demand for needle coke, particularly in the EV sector. Germany, the UK, and France are leading the charge, with strong governmental support for reducing carbon emissions across industries.

Future Trends

a) Technological Advancements

With the increasing demand for high-quality needle coke, companies are investing in new technologies to improve the refining process and reduce environmental impact. Innovations like the use of advanced refining techniques to reduce impurities and improve coke quality will shape the future of the industry.

b) Strategic Collaborations

To overcome the supply constraints, many companies are entering into long-term partnerships with raw material suppliers and end-users. This trend will ensure a more stable supply chain, helping reduce price volatility and ensure consistent production.

c) Emergence of Alternatives

As industries strive for sustainability, alternatives to traditional needle coke, such as bio-based carbon materials, are being explored. These alternatives may gain traction in the long term, though for now, needle coke remains irreplaceable in high-performance applications like steel production and EV batteries

Conclusion

The needle coke market is set to grow steadily in the coming years, driven by the increasing adoption of electric arc furnaces, rising demand for EVs, and the push for sustainability in industries like steel and energy. However, challenges related to supply constraints, environmental concerns, and raw material price fluctuations must be carefully managed by market players.

Companies in the needle coke market must stay ahead of these trends by adopting new technologies, forming strategic partnerships, and exploring sustainable alternatives. For stakeholders, the needle coke industry presents both opportunities for growth and the need for innovative solutions to overcome its inherent challenges.

[jjtax]

Understanding Inflation in India 🌍💰

Here is the blog content on Tumblr, focusing interesting and readable language with clarity as much as possible without losing core information about inflation in India:

What is Inflation? Inflation is the gradual movement of the prices of goods and services going up over time; it affects all of us. It actually measures the percentage of our hard-earned money that we are losing. With billions being affected in India, understanding inflation is the way to protect our money and health. So, let's dive into its causes, effects, and its management strategies!

What Triggers Inflation?

Inflation in India is caused by the combination of both domestic and international factors:

Demand-Pull Inflation: With an increase in consumption expenditure as well as government spending, the higher inflation levels tend to come along with it.

Cost-Push Inflation: This category is characterized by rising costs of producing goods, such as rising wages and energy rates.

Built-In Inflation: This is caused by an anticipation of future price increases feeding into a self-reinforcing cycle.

Imported Inflation: Increases in the price of imported goods can reflect on domestic prices too. Examples in India: Demand-pull inflation was energized by the government stimulus packages during the COVID-19 pandemic. Imported inflation was also stoked because of the highest crude oil prices, which in turn, transmitted upward costs throughout the board.

A breakdown of Inflation in India

Inflation can be classified based on the level that it reaches:

Mild Inflation: An inflation rate that raises prices at a moderate rate to enable the growth of the economy.

Moderate Inflation: A steady rise in prices and is sustainable for the majority of economies.

Hyperinflation: Massive price inflation spikes that can throw an economy into tailspin.

Impact of Inflation on India's Economy ?

Inflation is the best and worst thing that has happened to India's economy, too. With such high levels of inflation, expenditure is low, and the economy does not become active.

Investment and consumption both decline at high in-flations, hence growth comes to a standstill. Income distribution suffers, as low-income families spend more on essentials.

Global Competitiveness: Inflation increases the cost of exports and diminishes the ability of import purchases.

Controlling Indian Inflation ?

The Reserve Bank of India employs monetary policies for controlling inflation:

Interest Rate Manipulation: By manipulating the interest rate, RBI can control the money supply.

Open Market Operations: The RBI sells or buys government securities to alter liquidity.

On the fiscal front, several measures undertaken include reducing import duties, providing subsidies to farmers, and increasing supply chain efficiency to curb inflation.

How to Protect Yourself from Inflation ?

Here are some plans to ensure your finances are protected against inflation:

Invest Diversification: Invest in properties, commodities, or inflation-indexed bonds—assets that are less likely to decrease in value.

Save More: Set up an emergency fund that can help you during a sticky situation with finances.

Raise Salary to Match Increasing Inflation: Demand increased salary when there is inflation above your increase in salary so that you can afford to meet a certain standard of living.

Continous Information: Educate yourself on various economic events and theories; this will continually enable you to understand financial situations better.

Inflation is a pretty complex economic phenomenon that very much goes to the bottom line for the individual or business in India. Understanding the intricacies of this complex phenomenon goes a long way in enabling the best monetary decisions. For everyone wanting to know their effective financial strategies, the JJ Tax App is your answer! Our expert team is just a finger click away from helping plan for the future from your smart phone! JJ TAX

[robbrath]

Malaysian Economy on the Rise: William Teh Finance Analyzes Investment Opportunities Behind the Appreciation of Ringgit

The recent interest rate cuts by the Federal Reserve have led to a significant influx of capital into Southeast Asian markets. As one of the standout economies in the region, Malaysia has become a favored destination for investors. In the first half of 2024, the Malaysian economy performed impressively, with GDP growth of 4.2% in the first quarter, rising to 5.9% in the second quarter. Simultaneously, the USD to MYR exchange rate experienced notable fluctuations, dropping from 1 USD to 4.7988 MYR at the beginning of the year to the current rate of 1 USD to 4.1240 MYR, indicating a significant trend of currency appreciation.

William Teh Finance suggests that the robust economic growth in Malaysia and the appreciation of the ringgit have positively impacted the stock market, particularly as the FTSE Bursa Malaysia KLCI continues to rise in this context. However, in contrast, the FBMSCAP index, which is dominated by small-cap stocks, has shown weak performance since July, failing to keep pace with the broader market. This phenomenon indicates a clear divergence in the performance of different market sectors, necessitating investors to adjust their strategies based on the characteristics of various industries and sectors.

Looking ahead to the last quarter of 2024, William Teh Finance believes that the strengthening ringgit will be a key driver of growth for specific industries. The following sectors are particularly worth investor attention:

William Teh Finance notes that companies benefiting from reduced import costs, especially those in the retail sector and automotive sales reliant on imported goods, are likely to see profit increases in an appreciating ringgit environment. As the ringgit strengthens, import costs decrease, directly enhancing the profitability of these companies. For example, the retail sector will see optimized profit margins as the cost of purchasing imported goods declines. Additionally, Real Estate Investment Trusts (REITs) will benefit from the trend of recovering consumption, particularly as retail consumption grows, boosting demand for commercial real estate and potentially significantly enhancing profitability.

Malaysia is one of the largest palm oil producers worldwide, and the plantation industry holds a crucial position in the commodities market. William Teh Finance believes that the crude palm oil price surpassing the 4,000 MYR per ton threshold demonstrates strong momentum in the commodities market. As the ringgit appreciates, plantation company import costs, such as fertilizers and other production materials, will decrease, directly expanding profit margins. The stability and high demand in the commodities market will make the plantation industry a focal point for investors in the coming quarters, especially given the global rise in demand for renewable resources, where commodities like palm oil are likely to remain robust.

With the ringgit appreciation, domestic consumer purchasing power has increased, and the demand for outbound tourism is gradually recovering. William Teh Finance analyzes that this trend will directly boost the performance of tourism-related companies, particularly travel operators, hotels, and airlines. Moreover, the Malaysian government has been actively promoting tourism recovery policies, including encouraging more international tourists and boosting domestic tourism demand. The growth prospects for the tourism industry are promising, and investors should closely monitor the performance of this sector.

The Forest City Special Financial Zone (SFZ) in Johor is attracting significant foreign direct investment (FDI) as a key development area for the Malaysian government. William Teh Finance points out that the ringgit appreciation provides a favorable opportunity for foreign capital inflow, while the tax incentives in the financial zone further enhance the Malaysian competitiveness in the regional economy. The zone offers a 10-year tax exemption, tax relief for financial institutions relocating, and more flexible foreign exchange and loan regulation measures. These favorable policies will attract more foreign capital, further driving the Malaysian economic development, particularly in the Johor region.

William Teh Finance believes that the overall investment environment in Malaysia is improving, especially in sectors benefiting from the ringgit appreciation, such as retail, consumer goods, plantations, and tourism. The performance of these sectors in the coming months is worth investor attention. Meanwhile, the increase in foreign capital inflow and the advancement of projects like the Forest City Special Financial Zone will provide strong support for future economic growth of Malaysia.

From an investment strategy perspective, William Teh Finance suggests that investors consider diversifying their portfolios across industries benefiting from the ringgit appreciation, such as import-dependent companies and tourism-related sectors. Additionally, focus on the long-term potential of the plantation industry and commodities, particularly in the context of sustained global demand growth. By carefully selecting companies with solid fundamentals and growth prospects, investors can expect to achieve substantial returns amid future market fluctuations.

In summary, as the Federal Reserve interest rate cuts trigger capital inflows into Southeast Asian markets, Malaysian economic growth and ringgit appreciation have provided positive momentum for the stock market. William Teh Finance advises investors to focus on industries that can benefit from a strong ringgit and global demand growth, while also keeping a close eye on government-promoted foreign investment projects to prepare for future investment opportunities.

[trading-duniya]

Benifits of Investment in Crude Oil

1>Investing in oil futures offers several advantages. One key benefit is the high level of price fluctuation, which, while increasing the complexity of trading, also enhances the potential for significant profits. These price swings can lead to lucrative trading opportunities with impressive returns.

2>Despite the global shift toward renewable energy, oil remains a heavily demanded commodity. This high demand ensures that there's always a market for it, meaning investors can easily find buyers when they wish to exit their positions. Oil futures markets are highly liquid, so investors won’t find themselves holding contracts that lose all value.

3>Additionally, oil futures can be traded on margin, allowing investors to control a large position with a relatively small amount of capital. For example, a margin requirement as low as 5% allows investors to control $100,000 in oil futures with just $5,000. This leverage amplifies potential profits.