Gasoline futures in the US rose to nearly $2.6 per gallon, the highest in over a week as demand improved and domestic stockpiles dropped more than expected. According to new data from the Energy Information Administration (EIA), gas demand increased from 9.098 to 9.218 million b/d last week. Meanwhile, total domestic gasoline stocks rose by 2.745 million bbl to 218.815 million bbl, more than market expectations of an 88 thousand increase. However, gasoline prices remain well below record levels of $4 seen in June 2022. The US government has forecasted a slight increase in gasoline consumption from last year to

Zinc decreased 588 USD/MT or 19.78% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Zinc reached an all time high of 4603 in November of 2006. Zinc – data, forecasts, historical chart – was last updated on June of 2023. Zinc is expected to trade at 2242.66 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2070.86 in 12 months time. From: <a href="Read More” target=”_blank”> Trading Economics

Iron Ore 62% fe decreased 2.10 USD/MT or 1.89% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore 62% FE reached an all time high of 219.77 in July of 2021. Iron Ore 62% FE – data, forecasts, historical chart – was last updated on June of 2023. Iron Ore 62% FE is expected to trade at 103.38 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 95.03

Solar Energy Index decreased 1.58 USD or 0.48% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Solar Energy Index reached an all time high of 561.46 in February of 2021. This page includes a chart with historical data for Solar Energy Index. Solar Energy Index – data, forecasts, historical chart – was last updated on June of 2023. Solar Energy Index is expected to trade at 321.92 USD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking

SSE Consume Commodity Index decreased 1,045.67 points or 9.52% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. SSE Consume Commodity Index is expected to trade at 10033.32 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 9504.13 in 12 months time. From: <a href="Read More” target=”_blank”> Trading Economics

Steel rebar futures rebounded toward the CNY 3,650 per tonne mark since touching the three-year low of CNY 3,460 on May 25th, amid hopes that demand in China may gain traction at the end of the second quarter. Fresh data showed that iron ore imports in the world’s top consumer and producer rose by 4.5% year-on-year during May, suggesting that a pickup in demand for steel drove producers to increase input buying. The data added some respite following mixed PMI results and concerning levels of real estate investment, which in turn spurred bets that the Chinese government may roll out

Polypropylene decreased 743 CNY/T or 9.62% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Polypropylene is expected to trade at 6900.94 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6643.04 in 12 months time. From: <a href="Read More” target=”_blank”> Trading Economics

Rapeseed decreased 163.25 EUR/T or 27.94% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Rapeseed reached an all time high of 1094 in April of 2022. This page includes a chart with historical data for Rapeseed Oil. Rapeseed – data, forecasts, historical chart – was last updated on June of 2023. Rapeseed is expected to trade at 396.05 EUR/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 366.30 in

Silver prices fell to below $23.5 per ounce, retreating from the three-week high of $23.9 touched on June 1st as markets reassessed the outlook for monetary policy by the Federal Reserve. Recent speeches from Fed officials indicated some favor for a skip in the central bank’s tightening for the June meeting, but a stronger-than-expected payroll report drove investors to pile bets of a 25bps hike in July. Consequently, traders reduced positions for non-interest-bearing assets, such as precious metals. In the meantime, a batch of weak corporate earnings for solar panel companies drove equity indices for the sector to remain 40%