In the Global market crude oil price are at the lower level . On 4th august it was at six month low. This price will effect the global energy price and that push will further put pressure on guar gum prices. The price fall doesn't give any sign of new investment in the Oil and Natural Gas Industry. Half of current financial has been passed , for the remaining financial year this is last time for new guar gum demand.
Global crude oil prices during last one month in USD
( Source link http://www.infomine.com/investment/metal-prices/crude-oil/1-month/ )
Global crude oil prices during last one month in USD
( Source link http://www.infomine.com/investment/metal-prices/crude-oil/6-month/ )
Global crude oil prices during last one year in USD
( Source link http://www.infomine.com/investment/metal-prices/crude-oil/1-year/ )
Currently I am monitoring and analyzing that Guar rate are slowly going up. Investors are advised to keep away from market this type of abnormal behavior. as i have discussed earlier that there is no problem on supply side fro guar seed. There are chances that speculators have again active in the market otherwise I am not seeing any reason in increase in demand of guar gum and further price rise in this commodity, be cautious.
Global crude oil prices during last one month in USD
( Source link http://www.infomine.com/investment/metal-prices/crude-oil/6-month/ )
The global demand in oil and natural gas industry can lead toward increase in guar and guar gum prices. In another analysis it has found that oil and natural gas drilling / fracking companies has stoked guar gum for one year so that they can avoid themselves from unnecessary price fluctuation. There can be minor effect due to USD / INR exchange rate, but the current exchange rate change is not sufficient to effect it. The existing contract will keep going there is low chances of new contracts in market.
Global crude oil prices during last one year in USD
( Source link http://www.infomine.com/investment/metal-prices/crude-oil/1-year/ )
hello Mr. Ganesh
ReplyDeleteCould you plz advice how Crude oil price directly effect the price of Guar Gum in international market.\
thanks
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