#crude oil price in commodity market

[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]

Ceasefire Drama, Gold's Resilience & Oil’s New Strategy Crude Oil and Gold in the Spotlight: Is the Market Playing Hard to Get? Today’s market has all the drama of a Netflix thriller—crude oil benchmarks are playing coy, gold is staying cool despite tariff tantrums, and base metals are trying to claw their way out of a rut. Let’s dig in and uncover the untold stories behind these moves, and I’ll let you in on a few hidden opportunities that others seem to be sleeping on. Oil: Will They or Won’t They Ceasefire? Crude oil has been riding the rollercoaster lately, and it’s not just because of OPEC drama or drillers doing the cha-cha. A potential ceasefire between Israel and Hamas is at the center of the stage. Israel’s Cabinet is meeting at 15:30 GMT (or 10:30 EST for my stateside readers) to hash out the details. Markets have already gotten a whiff of hope, with WTI and Brent rising by about $0.70 per barrel. Now, here’s where things get interesting. We’re still way below Monday’s peaks, but if there’s a ceasefire announcement, expect some major market whiplash. WTI and Brent could easily overshoot current levels if traders go full FOMO. So, what’s the play here? Well, rather than betting on the highs, consider timing entries when the hype settles—catching a dip when the dust clears is where the savvy profit lies. Think of it like picking up those high-quality sneakers after the hypebeasts move on. Gold: Steady as She Goes, with an Eye on the USD Gold’s been doing its best “stoic sage” impression, refusing to budge much even with some overnight action. The price is holding just below the $2632 per ounce mark. The big mover here? It was, of course, the Trump Tariff Two-Step. The USD’s reaction to tariff news caused a momentary wobble, but not enough to really ruffle gold’s feathers. For my precious metals fans, the forecast remains fairly shiny—especially if you’re following JPMorgan’s multi-year bullish outlook. They see gold glimmering at around $3000 per ounce next year, and that’s not just a glittery guess—there are solid fundamental reasons like rising demand and central bank stockpiling. If you’re holding gold or thinking of buying in, this is where patience is golden. And hey, there’s nothing wrong with diversifying a bit to hedge against the ever-volatile USD. Base Metals: Digging Their Way Out of the Mud Base metals have been struggling a bit lately—and I’m not talking about the kind of struggle where you lose your keys and find them in the fridge. No, this is more of a sentiment struggle, thanks to ongoing Trump-China uncertainties. But here’s the twist: equity benchmarks in the region managed to close off their lows, giving some signs that the worst of the slump may be behind us. LME Copper is making a comeback, regaining ground above the $9000 mark. For those who enjoy playing in the commodities sandbox, this is a place where hidden opportunities may lie. Pay attention to price action around key technical levels, and don't be afraid to go contrarian when everyone else is running for the hills. The copper market has a funny way of rebounding once the panic dies down. Oil Production: Still No “Drill, Baby, Drill” Mode Over on the production side, Exxon’s Head of Upstream mentioned something that caught my ear—it’s unlikely we’ll see a return to the old “drill baby drill” mentality anytime soon. Capital discipline is the new sheriff in town, and that means US oil output will likely grow at a more controlled pace. So if you were betting on a massive surge in production, you might want to rein in those expectations. But here’s where a hidden opportunity presents itself: with a disciplined approach, US producers are avoiding the oversupply pitfalls of the past. In trading terms, less frantic drilling means a more stable price environment, which is a lot easier to trade around than the wild swings we’ve seen in the past. Focus on buying the dips rather than chasing tops—that’s where the smart money is playing these days. IEA Predicts a Chill Oil Market… For Now The International Energy Agency (IEA) seems pretty chill about the oil markets this year and next. According to Birol, we’re in for a comfortable ride unless, of course, some major geopolitical escalation hits. So, keep an eye on headlines and don’t get lulled into complacency. When it comes to oil, “comfortable” can turn into “chaotic” faster than you can say “geopolitical tension.” Takeaways: Opportunities Amidst the Chaos - Ceasefire Whiplash: Oil is firming up but still has room to spike if the ceasefire gets inked. Watch for overreactions and look for re-entry opportunities. - Gold Still Shines: JPMorgan’s bullish stance on gold suggests next year could be a big one for the shiny stuff. $3000 an ounce might be in the cards. - Base Metals and the Contrarian Play: Sentiment is shaky, but if copper keeps closing higher, it could signal a rebound. Go contrarian when the rest of the market panics. - Oil Production’s Disciplined Approach: Less aggressive drilling means more stable pricing. Use that stability to plan your dips-buying strategy. And there you have it—a market update that’s not just informative but also packed with a few “hidden gems” that might help you take your trades to the next level. Remember, the goal isn’t to ride the waves of hype—it’s to catch those undercurrents that most traders overlook. Stay sharp, stay informed, and don’t forget to sprinkle a little humor in your trading day. After all, it’s not just about making profits—it’s about enjoying the ride while you do it. Read the full article

[palmoilnews]

VEGOILS-Palm rises on stronger rival oils and possible export tax hike in Indonesia KUALA LUMPUR, Nov 25 (Reuters) - Malaysian palm oil futures opened higher on Monday, supported by stronger rival oils and expectations that Indonesia might raise its December palm oil export taxes and levies. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange gained 90 ringgit, or 1.94%, to 4,732 ringgit ($1,062.89) a metric ton during the midday break. The Malaysian palm oil futures opened higher following recoveries seen in rival oils during Asian trading hours, said Anilkumar Bagani, research head at Sunvin Group. "The almost certain increase in Indonesia's palm oil export taxes and levies in December 2024 has also boosted a chance of rebound in the Malaysian palm oil futures," he said. Bagani said he expected Indonesia's palm oil reference price for December to increase to $1073.56 per ton. Indonesia's crude palm oil reference price for November is currently set at $961.97 per ton and its export tax at $124 per ton. Dalian's most-active soyoil contract DBYcv1 fell 0.12%, while its palm oil contract DCPcv1 added 0.6%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.79%. Palm oil tracks price movements of rival edible oils, as they compete for a share of the global vegetable oils market. Oil prices retreated following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures LCOc1 for January were down 0.51% at $74.80 a barrel as of 0457 GMT. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit MYR=, palm's currency of trade, strengthened 0.29% against the dollar, making the commodity more expensive for buyers holding foreign currencies. Cargo surveyors are scheduled to release their export data for Nov. 1-25 later in the day. Palm oil may test support at 4,595 ringgit per metric ton, with a good chance of breaking below it and falling towards 4,510 ringgit, Reuters technical analyst Wang Tao said. ($1 = 4.4520 ringgit)

[naviamarkets]

How to Choose the Best Commodity Trading App for Your Investment Needs

Choosing the right commodity trading app can make a significant difference in your trading journey, allowing you to maximize your potential while simplifying your experience. Here’s how to evaluate the best app for your investment needs:

1. Intuitive Design

A well-designed app with a simple, user-friendly interface makes navigation effortless, enabling smooth trade execution and portfolio management.

2. Competitive Brokerage Charges

Low brokerage fees can make a significant difference to your bottom line, helping you maximize profits with every trade.

3. Real-Time Market Insights

Accurate live prices, in-depth market trends, and advanced analysis tools empower you to make well-informed and timely trading decisions.

4. Diverse Trading Options

A robust app should offer access to a wide variety of commodities, including precious metals, energy, and agricultural products, ensuring ample opportunities for portfolio diversification.

5. Advanced Security Features

Choose a platform that places a high priority on protecting your data and funds through cutting-edge encryption and strict compliance with regulatory standards.

6. Effortless Integration

The ideal app seamlessly integrates with your Demat and bank accounts, ensuring smooth fund transfers and hassle-free trading.

7. Responsive Customer Support

Timely and reliable customer service is essential to resolve trading concerns, guiding you through technical issues and market uncertainties effectively.

8. Test with a Demo Account

Many trading apps offer demo accounts that allow you to practice trading in a risk-free environment. This is an excellent way to test the app’s features and functionality before committing.

9. Read Reviews and Ratings

User reviews and ratings on app stores and forums can provide valuable insights into the app’s performance, reliability, and user satisfaction.

Why Navia is Your Best Choice for Commodity Trading

When it comes to choosing the right platform, Navia stands out with its unmatched features and customer-focused approach:

User-Friendly Platform: Navia’s app and web platforms are intuitive, enabling quick trade execution and easy portfolio monitoring.

Low Brokerage Fees: Trade profitably with one of the most cost-effective brokerage structures in the market.

Comprehensive Market Insights: Access real-time updates, advanced charts, and analysis tools to stay ahead of trends.

Diverse Commodity Options: Trade a wide variety of commodities, including gold, silver, crude oil, and agricultural products.

Top-Notch Security: Navia ensures your data and funds are protected with robust encryption and SEBI compliance.

Integrated Accounts: Seamless integration with Demat and savings accounts for efficient fund management.

Expert Support: Navia’s dedicated team is always ready to assist, ensuring a smooth trading experience.

Free Demo Account: Test the platform and familiarize yourself with its features through a demo account before trading live.

Start Trading with Navia Today

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[chemanalystdata]

Propylene Prices Trend | Pricing | News | Database | Chart

 Propylene is a vital feedstock in the petrochemical industry, playing a pivotal role in the production of various derivatives such as polypropylene, acrylonitrile, and propylene oxide. The dynamics of propylene prices are influenced by a combination of factors including supply-demand imbalances, crude oil fluctuations, and downstream market trends. Globally, propylene pricing is closely tied to the cost of crude oil and natural gas since these are the primary raw materials used in its production. Changes in crude oil prices directly affect naphtha costs, a key component in steam cracking for propylene extraction. When crude oil prices rise, naphtha becomes more expensive, leading to an uptick in propylene prices. Conversely, a drop in crude oil prices typically reduces naphtha costs, subsequently bringing down propylene prices.

The propylene market is also significantly affected by the availability and operations of production facilities. Steam crackers, fluid catalytic crackers (FCC), and on-purpose production methods like propane dehydrogenation (PDH) are the main sources of propylene. Any disruptions in these facilities, such as maintenance shutdowns or unplanned outages, can cause immediate supply constraints, resulting in price spikes. Additionally, the shift towards lighter feedstocks, like ethane, in steam crackers has reduced propylene yield, creating further pressure on its supply and subsequently its pricing. On the other hand, the emergence of propane dehydrogenation as a growing production method has somewhat mitigated these challenges, as it offers a more targeted approach to meeting the demand for propylene.

Get Real Time Prices for Propylene : https://www.chemanalyst.com/Pricing-data/propylene-51

Global economic conditions are another critical factor influencing propylene prices. During periods of economic expansion, industrial activity and manufacturing ramp up, driving higher demand for propylene derivatives, particularly polypropylene, which is widely used in packaging, automotive components, and consumer goods. This increased demand leads to upward pressure on propylene prices. In contrast, during economic downturns, reduced industrial activity tends to lower demand, often resulting in softer propylene prices. Additionally, regional variations in economic growth and industrial activity create disparities in propylene pricing across different markets. For instance, in Asia, where manufacturing and industrial activities are robust, propylene prices tend to be higher compared to regions with relatively lower industrial demand.

Trade flows and geopolitical factors also play a crucial role in shaping propylene prices. As a globally traded commodity, propylene's prices are influenced by import and export dynamics. Countries with surplus production often export to regions with deficits, with transportation costs, tariffs, and regional supply-demand balances impacting pricing. Geopolitical tensions, such as trade disputes or conflicts in oil-producing regions, can lead to uncertainty in raw material supply chains, indirectly affecting propylene availability and pricing. Moreover, environmental regulations and sustainability initiatives are becoming increasingly influential. As the petrochemical industry faces pressure to reduce emissions and adopt greener practices, costs associated with compliance can impact the overall pricing of propylene and its derivatives.

Seasonal demand patterns also have a bearing on propylene pricing. Certain derivatives of propylene, like polypropylene, experience heightened demand during specific seasons, such as the festive period when packaging requirements increase. This seasonal demand surge often translates to temporary price increases. Conversely, during periods of low demand, inventory buildup can lead to a softening of prices. The interplay of these cyclical patterns adds an additional layer of complexity to the propylene market, making it vital for industry stakeholders to monitor trends closely.

Advancements in production technologies and shifts in feedstock preferences are additional factors that influence the cost dynamics of propylene. Innovations aimed at improving production efficiency or utilizing alternative feedstocks can impact supply costs. For example, the increasing use of propane dehydrogenation, particularly in regions like the United States where shale gas has led to abundant propane supply, has affected global pricing trends. These technological and feedstock changes often alter the balance between supply and demand, further influencing propylene price fluctuations.

In recent years, the rise in sustainability initiatives and circular economy principles has added a new dimension to the propylene market. Recycled and bio-based alternatives are gaining traction as the industry moves toward reducing its carbon footprint. While these alternatives are still in the early stages of market penetration, their development could influence long-term pricing trends. However, bio-based production methods typically come at a higher cost, which may result in premium pricing compared to conventional propylene, at least during the initial adoption phase.

Market analysts often monitor propylene prices as a barometer of broader economic health and industrial activity. Fluctuations in its pricing can signal changes in manufacturing output and consumer demand patterns, reflecting the interconnected nature of global markets. For businesses dependent on propylene, price volatility presents both challenges and opportunities. Effective procurement strategies, such as hedging and long-term contracts, are often employed to manage price risk and ensure supply stability. Such strategies are critical for companies to remain competitive in markets where cost efficiency is paramount.

Looking ahead, the propylene market is expected to experience further evolution as global energy markets transition towards greener alternatives and circular economy principles gain momentum. While traditional production methods will continue to dominate in the short term, investments in sustainable technologies could redefine the cost structure of propylene production. Additionally, geopolitical developments and regional economic growth disparities will remain key determinants of propylene price trends. For stakeholders in the petrochemical industry, maintaining a nuanced understanding of these multifaceted influences is crucial for navigating the complex landscape of propylene pricing.

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[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.

[accapitalmarket]

Near-term rate cuts kept Wall Street afloat, crude oil retreats

US blue chips ended higher on Thursday, rallying late on amid Federal Reserve rate cut hopes, though tech issues took a tumble on caution ahead of earnings from the world’s biggest company, AI chipmaker Nvidia.

Investors were parsing speeches from Fed members on the prospects for further rate cuts. Federal Reserve Governor Lisa Cook said that future cuts would be dependent on incoming economic data. Meanwhile, Federal Reserve governor Michelle Bowman backed a cautious approach to rate cuts amid expectations that the neutral level or end point for rates may be higher than previously expected given that inflation has stalled in recent months.

Investors, however, continue to bet that US interest rates will fall in the near-term, with traders pricing in a 60.6% chance for a 25-basis point cut by the Federal Reserve in December

At the close in New York, the blue-chip Dow Jones Industrials Average was up 0.30% at 43,408, while the broader the S&P 500 index ended flat at 5,917, with both having rallied late on from earlier losses.

US30 Daily

But the tech-laden Nasdaq Composite remained weak, though it also ended well off session lows, down 0.1%, at 18,966.

SPX500 H1

AI leader Nvidia, which has nearly tripled in value this year, fell 1.1% ahead of its results that were released after the closing bell. The stock dropped another 2.9% after-hours despite the chipmaker delivering third quarter revenue and profits above estimates and better-than-expected revenue guidance for the December quarter, with the figures not a complete blow-out.

Among other weak tech stocks in the session, Alphabet shed 1.3%, while Microsoft fell 1.6%, and Amazon.com lost 0.9%.

But Netflix sidestepped the weakness, adding 1.4% after announcing that last week's boxing bout between YouTube star Jake Paul and former world heavyweight champion Mike Tyson racked up 108 million global viewers, becoming the most-streamed global sporting ever.

And cryptocurrency stocks ticked higher as bitcoin reached a record high above $94,000, with MicroStrategy jumping 10.1% and MARA Holdings up 14.0%.

Away from tech, Target was the biggest casualty, plunging 21.4% after the retailer forecast holiday-quarter comparable sales and profit below Wall Street expectations following a third-quarter estimate miss.

The earnings missed triggered a sell-off by other retailers, with Home Depot down 1.7%.

But fellow home goods retailer Williams-Sonoma surged 27.5%, hitting a new all-time high, after boosting its full-year sales outlook and reporting a Q3 earnings beat.

Red Cat jumped 34.4% after the drone technology firm was selected by the US Army as the production provider for its Short Range Reconnaissance (SRR) Program of Record.

Among commodities, oil prices were lower as US crude stocks rose by more than expected last week, although the losses were capped by worries about the intensifying war between major oil producer Russia and Ukraine.

USOIL Daily

UK Brent Crude was down 0.3%, at $73.11, a barrel, while US West Texas Intermediate crude fell 0.6% to $68.95 a barrel.

Meanwhile, analysts at broker Macquarie forecast that oil prices are shaping up to test new lows next year as the market appears to be pricing in a large crude surplus at a time when the demand outlook looks bleak.

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.

[tradabulls]

US Fed Meeting Highlights

Interest Rate Cut: The Federal Reserve cut its benchmark lending rate by 25 basis points to 4.5%, marking the second rate cut in 2024. 

Impact on Bond Yields: Despite the expected rate cut, a lack of guidance on future policy from Fed Chair Jerome Powell caused a sharp drop in US bond yields. The 10-year Treasury yield fell by 11 basis points to 4.33%, while 30-year Treasuries saw significant losses before slight recovery. 

Global Market Reactions:  a. Wall Street: Indices reached fresh record highs following the rate cut.  b. Indian Market: The Nifty 50 index stayed over 2,000 points below its record high of 26,277.35. 

Commodities:  a. Crude Oil: Prices fell, with Brent Crude down nearly 3% for the week. Trump’s presidency continues to weigh on oil, while markets consider potential stimulus from China.  b. Gold: Prices dropped as the US dollar strengthened after Trump’s re-election, impacting gold valuation. 

China's Influence: The conclusion of the National People’s Congress Standing Committee meeting today may provide important cues for global markets. 

For more market updates, visit TradaBulls.com. 

[credenceresearchdotblog]

The Aviation Fuel Market is projected to grow from USD 249,812.34 million in 2023 to an estimated USD 721,085.21 million by 2032, with a compound annual growth rate (CAGR) of 12.50% from 2024 to 2032. The aviation fuel market plays a crucial role in the global economy, powering commercial airliners, cargo planes, and military aircraft. With air travel demand steadily increasing, the market for aviation fuel is expanding and evolving. This growth brings unique challenges and opportunities, including sustainability, fluctuating fuel prices, and shifts in global supply chains. Below, we explore the drivers of the aviation fuel market, current trends, and projections for its future.

Browse the full report https://www.credenceresearch.com/report/aviation-fuel-market

Overview of the Aviation Fuel Market

Aviation fuel, primarily in the form of jet fuel, kerosene, and aviation gasoline, is vital for maintaining air transport operations. It contributes significantly to operating costs, representing approximately 30-40% of airlines' total expenses. The aviation fuel market has been growing in parallel with the demand for air travel, which has been rising at an annual rate of about 4-5% over the past two decades.

However, fuel prices are heavily influenced by global oil markets, geopolitical events, and natural disasters. These factors impact not only the cost of jet fuel but also the airline industry’s financial stability. The market is also seeing a push towards biofuels and sustainable aviation fuels (SAF) as the industry seeks to align with global carbon reduction commitments.

Key Growth Drivers

1. Rising Demand for Air Travel: Increasing globalization, urbanization, and the growth of low-cost carriers (LCCs) have led to a surge in both passenger and cargo air traffic. Economic development in regions like Asia-Pacific, the Middle East, and Latin America has further contributed to this demand, as more people travel for business, tourism, and family connections.

2. Expansion of Military Aviation: Military aviation is another significant factor driving the demand for aviation fuel. Governments worldwide are investing in advanced military aircraft, which require reliable fuel supplies. Rising geopolitical tensions have led to increased military budgets in various countries, which in turn bolsters the aviation fuel market.

3. Growth in E-commerce: The rise of e-commerce has significantly impacted the aviation fuel market. Online retail giants like Amazon, Alibaba, and others are investing in efficient cargo air fleets to meet fast delivery expectations. Air freight is preferred over other transport modes due to its speed, increasing the demand for aviation fuel in the cargo segment.

4. Innovation in Fuel Efficiency: Technological advancements in aircraft design and engine efficiency are reducing the fuel consumption per mile flown. However, despite these efficiencies, overall demand for fuel is growing due to increased flight volume.

Major Market Trends

1. Sustainable Aviation Fuel (SAF) Development: One of the biggest shifts in the aviation fuel market is the move toward sustainable aviation fuel (SAF). Made from renewable sources like algae, used cooking oil, and municipal solid waste, SAF produces significantly fewer carbon emissions than conventional jet fuel. The International Air Transport Association (IATA) and major airlines aim to increase SAF use to meet long-term decarbonization goals, targeting carbon neutrality by 2050.

2. Fluctuating Fuel Prices: As a commodity, aviation fuel is subject to price fluctuations that are often beyond the control of airlines. The price of crude oil, geopolitical tensions, and disruptions in production or supply chains can all impact fuel prices. In response, airlines are employing fuel hedging strategies to stabilize costs, even though this sometimes leads to higher short-term expenses.

3. Adoption of Hybrid and Electric Aircraft: Research into hybrid-electric and fully electric aircraft is underway as part of broader efforts to reduce carbon emissions. Although electric aircraft are not yet commercially viable for long-haul flights, shorter, regional flights could be electrified in the near future, reducing fuel demand in these segments.

4. Regional Growth in Emerging Markets: Emerging markets in Asia-Pacific, the Middle East, and Africa are experiencing rapid aviation sector expansion due to economic growth and infrastructure development. This trend is creating increased demand for aviation fuel in these regions, with new airports, expanded routes, and larger airline fleets.

Challenges in the Aviation Fuel Market

1.Environmental Regulations: As global pressure mounts to reduce greenhouse gas emissions, the aviation sector is under increased scrutiny to limit its carbon footprint. Governments and regulatory bodies are enacting stricter environmental laws, such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which requires airlines to offset their emissions.

2. Supply Chain Disruptions: Political instability, natural disasters, and pandemics can disrupt the global supply chain, affecting the availability and price of aviation fuel. The COVID-19 pandemic, for instance, significantly reduced aviation demand, and fuel suppliers faced unprecedented challenges in balancing supply with fluctuating demand.

3. Cost of SAF Production: Currently, SAF is significantly more expensive than conventional jet fuel, which limits its adoption. However, increased investment in production facilities and government incentives could bring down costs over time, making SAF a viable alternative for more airlines.

Future Outlook

The aviation fuel market is expected to grow in the coming years, with a compound annual growth rate (CAGR) of approximately 5% between 2023 and 2030. Emerging markets, SAF adoption, and advancements in aircraft technology will be key factors shaping the industry. Although conventional jet fuel will continue to dominate the market in the short term, SAF and alternative fuel sources are anticipated to make a greater impact as costs decrease and adoption scales up.

The future of the aviation fuel market will likely be defined by a balance between sustainability and profitability. Airlines, fuel suppliers, and governments will need to work together to support SAF development, promote efficiency, and manage emissions, all while meeting the growing demand for air travel.

Key players

Vitol

Exxon Mobil

Chevron Corporation

Shell Plc

Indian Oil Corporation Limited

TotalEnergies SE

BP Plc

Rosneft Deutschland GmbH

Valero Energy Corporation

Marathon Petroleum Corporation

World Fuel Services Corporation

Essar Oil (UK) Limited

Bharat Petroleum Corporation Limited

Segments

Based on Type

Jet Fuel

Aviation Gas (Avgas)

Bio Jet Fuel

Based on End User

Commercial

Private

Military

Based on Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/aviation-fuel-market

Contact:

Credence Research

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Email: sales@credenceresearch.com

Website: www.credenceresearch.com 

[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.