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After the Corona pandemic in 2020, the price of #silver witnessed a significant increase due to monetary stimulus, increased demand for #retail investment, and increased industrial uses in sectors such as #renewable energy and electronics, reaching its highest level since 2013, and peaking in 2021, at the threshold of $ 30. From 2023 until the end of July 2024, the price of silver ranged between $ 20 and $ 32 per ounce, recording price fluctuations. The strongest decline was in July, when the price of silver fell to less than $ 28 per ounce, down more than three percent, from its highest level in 11 years amid gloomy industrial expectations and a state of global economic uncertainty. In this article, we discuss the future of silver prices for 2024 with financial market analyst Joe Yarak. For the full article click on the link below: https://lnkd.in/dD9PdBXz

Following the hotter-than-expected consumer price data, February Producer Prices were anticipated to decelerate from January's surge. However, they didn't, with headline Final Demand PPI rising 0.6% MoM, double the expected 0.3% rise, the strongest print since June 2022. This pushed the YoY PPI to +1.6%, its highest since September. Energy costs led the MoM charge, accounting for 70% of the rise in February Goods PPI, with gasoline prices surging by 6.8%.

Consumer Price Index Update  March 2024 According to government data released, retail inflation decreased to a 10-month low of 4.85% in March, down from 5.09% in February. Find the attachment below for detailed information...                                                              Website: www.inrl.in Contact us on  care@inrl.in  +91 7861842766 For more details on the energy market... #coal #price #coalmining #linkedinconnections #digitalmarketing

The U.S. Energy Information Administration released their STEO- short term energy outlook which is packed with relevant data and information. Specific to gasoline prices, below is a brief summary. The forecasted U.S. retail gasoline prices for 2024 are expected to average around $3.60 per gallon, with an increase driven by rising wholesale gasoline prices and higher crude oil prices compared to 2023. Four key drivers influencing these price movements are: Rising Wholesale Gasoline Prices: The forecasted average wholesale gasoline price of over $2.70 per gallon in 2024, is 10 cent increase from 2023, and is contributing to the overall rise in retail gasoline prices. Higher Crude Oil Prices: Anticipated higher crude oil prices in 2024 compared to the previous year are expected to exert upward pressure on gasoline prices. Retail and Distribution Margins: Lower retail and distribution margins in February and March have dampened the impact of higher crude oil prices and crack spreads on overall retail prices, reflecting various factors such as taxes, wages, and logistical challenges. Gasoline Inventories and Net Trade: Forecasts indicate a reduction in end-of-period motor gasoline stocks, driven by lower refinery production and increased net exports of gasoline. This trend is expected to lead to tight market conditions for gasoline during the summer. In summary, the forecasted increase in U.S. retail gasoline prices for 2024 is influenced by rising wholesale gasoline prices, higher crude oil prices, fluctuations in retail and distribution margins, and changes in gasoline inventories and net trade. #GasolinePrices #Forecast #PriceMovements #EnergyMarket 🛢️📈

The Largest increase since June 2022 but yet mainstream media are insistent that the market is coming down. I wonder why? 🤔 💸 The recent increase in wholesale energy prices, particularly noticeable today, can be attributed primarily to a significant rise in fuel costs. This surge is largely driven by tighter oil supplies, as major oil-producing nations have restricted output. This reduction in supply has caused gasoline prices to jump by around 20% in August, which has, in turn, led to a 10.5% increase in overall energy prices. This spike in energy costs is reflected in the Producer Price Index (PPI), which measures inflation at the wholesale level. The PPI rose by 0.7% in August, marking its largest increase since June 2022. The escalation in energy prices is likely to ripple through the economy, affecting various sectors and potentially leading to higher consumer prices down the line. Tax increases are imminent. you decide where your profits are going to end up. tax? supplier risk? Soon you wont have a choice. ACT NOW! #energycontracts #flexibleenergy #wholesaletrading #energysupplier #ukgoverment #parliment

Wholesale Inflation Comes in Hot, With Energy Costs the Culprit. Rising energy prices are putting a damper on the slowing inflation narrative as wholesale costs rose 0.6% in February, double the expectation, the Bureau of Labor Statistics reported on Thursday. On an annual basis, the producer price index increased by 1.6%, well above the 1.2% forecast and the largest year-over-year gain since September. “Nearly 70 percent of the broad-based rise in February can be attributed to the index for final demand energy, which... https://lnkd.in/dbMyEm4n

Guillaume Osouf with CRU details the stability of European ingot premiums, which have remained unchanged for three consecutive weeks, suggesting a potential ceiling, while forecasting future increases due to rising freight rates and transportation costs. Despite unchanged premiums, factors like decreasing stock levels in Rotterdam and high demand for transportation could push premiums higher. The competition from other regions, particularly Japan, where premiums remain high, further indicates potential upward pressure on European premiums. Additionally, the market context, including the economic outlook in the US Midwest and premium negotiations in Japan, underscores the dynamic and interconnected nature of global aluminum markets. 🔗 https://lnkd.in/gsXiY8S5 #recycledmetal #scrap #aluminum #decarbonization #lme

Here’s a look at this week’s key U.S. economic events. MONDAY 3- and 6-Month T-Bill Auction TIC Net Long-Term Transactions TUESDAY Building Permits Housing Starts API Weekly Crude Oil Stock WEDNESDAY NVIDIA, $NVDA Q3 Earnings (AMC) Crude Oil Inventories 20- Year Bond Auction THURSDAY Initial Jobless Claims Existing Home Sales 10-Year TIPS Auction Philadelphia Fed Manufacturing Index U.S. Leading Index FRIDAY S&P Global U.S. Manufacturing PMI S&P Global Services PMI Michigan Inflation Expectations Michigan Consumer Expectations

After years of price volatility, #diesel consumers are finally seeing a respite, with prices steadily decreasing over recent weeks: https://lnkd.in/gBTWsUWu This stability reflects broader trends in the futures and wholesale markets, moving away from the extremes influenced by the pandemic and subsequent economic fluctuations. With oil markets showing restraint despite potential disruptors, it comes as a breather to an industry accustomed to uncertainty. As markets change, A.N. Webber Logistics leverages cutting-edge technology and industry insights to provide cost-effective, efficient logistics solutions. Our expertise in navigating market dynamics ensures that your freight is managed optimally, reducing operational costs and enhancing supply chain efficiency. With A.N. Webber, businesses can confidently adapt to market changes, ensuring timely deliveries and maximized profitability. https://lnkd.in/g-nYt9uX