It’s “possible” that oil will hit $100 a barrel this winter, but $80 to $90 is the expected range, said Marco Dunand, the chief executive officer of commodities trader Mercuria Energy Group Ltd.
Copper Spread Widens to Most in More Than 25 Years on Supply Squeeze
The copper market is so tight that spot contracts traded at the biggest premium over futures in at least 27 years in London.
Copper Set to Rule Around $10,000 a Tone in The Short-Term | Neal Bhai
Copper prices are set to rule firm around $10,000 a tonne in the short-term as inventories have hit a record low following production cuts in the wake of power crunch in Europe and China despite a drop in manufacturing activities.
Copper MCX Analysis : Copper Above 795 Target 818——838 | Neal Bhai
Copper is continuing a steady march higher despite the US Dollar strengthening today. It is approaching all-time highs on a run down in inventory, as energy costs hinder production capacity. After rallying 10% last week, Comex futures are trading 1% higher in Asia ahead of the London Metals Exchange (LME) opening.
Bank Gross NPA Could Rise To 8-9% By March 2022: CRISIL
- Gross NPAs for banks were at 7.5% as of March 2021
- With restructured assets expected to be around 2% of total loans, stressed loans for banks could rise to 10-11%
- Majority of the stress is expected to come from retail and MSME loans
- Retail stressed assets could rise to 4-5% of loans by the end of this year, compared with 3% in March 2021
- Stressed assets for MSME segment expected to rise to 17-18% from 14% last fiscal
- Corporate stressed assets expected to remain within 9-10%
Source: CRISIL Statement
Spot Gold: Strong Resistance Key Level at $1795 | Neal Bhai
Gold prices moved slightly lower overnight after mixed US economic data. The Federal Reserve reported a sharp drop in US industrial production for September.
From Balrampur Chini To Dhampur, Why The Sugar Rally May Not Be Done Yet
In a second straight year of sugar glut, shares of Indian millers have surged. That’s because of the nation’s aggressive push to ethanol blending in transport fuels.