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Copper Losing Steam amidst Dwindling Demand and Emerging COVID
Posted on 7th November 2020 by Dr. Hanish Kumar Sinha, Agri - Business Consultant, Ph. D. Agricultural Economics

The copper market has once again entered the consolidation phase after making a sharp recovery of over 30 per cent in the last six month. The market has slowed down and is again looking for concrete development after the confirmation of second wave of COVID in Europe and US which had again dimmed the demand scope and also casted shadow over the prospect of smooth supply.Read More...

NBHC's First Kharif Crop Estimates for 2020-21
Posted on 19th October 2020 by Dr. Hanish Kumar Sinha, Head - Research & Development, NBHC

India witnessed 'Above Normal' rainfall at 109 per cent (95.4 cm) of the long period average (LPA) this year against long period average of 87.7 cm based on data of 1961-2010. In three of four months, June (118 per cent), August (127 per cent) and September (104 per cent) witnessing above normal rainfall, while July recorded (90 per cent) deficient rainfall. Division wise the east and northeast India, central India and south India have received above normal rainfall and northwest India division has recorded deficient rainfall. Read More...

Copper Market Looking for Support after Significant Post COVID Recovery
Posted on 8th October 2020 by Dr. Hanish Kumar Sinha, Head - Research & Development, NBHC

Since March 2020 ever since the post COVID stimulus packages were being announced by several major global players in copper dynamics, the copper prices had made a steep recovery of over 40 per cent – the steepest recovery since 2009, before being gripped in the narrow band amidst absence of fresh direction and increased uncertainty in the global economic revival. The rise in metal prices has largely been driven by a fall in supply as rising COVID-19 cases led to the shutdown of many mines.Read More...

Copper Moving Strength to Strength despite Weakness in Global Economies
Posted on 8th September 2020 by Dr. Hanish Kumar Sinha, Head - Research & Development, NBHC

Increased uncertainty in the global market, the low level of demand creation and abrupt disruptions in the service sector owing to wide spread COVID 19 together could not dampen the overall underlying strength in the copper market - the barometer of global economic health. In the last six months, the copper prices have improved by over 35 per cent. Read More...

Copper Lead the Path of Recovery in Global Economy
Posted on 9th August 2020 by Dr. Hanish Kumar Sinha, Head - Research & Development, NBHC

The last few months have been quite subdued as far as the movement in copper market has been concerned. Globally renewable power, communication, construction and transportation sectors are major demand drivers of copper and these sectors are strongly correlated with the health of the underlying economies. Currently the market is experiencing an unusual period in history, where the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. After the initial period of complete lock down the global market have started evolving for the neo-normal situation where the different participants in the market are reorienting the resources and continuously redefining and redesigning the modes of operation and execution of business processes. Read More...

Improved Demand & Sullen Supplies Propels Copper Recovery
Posted on 13th July 2020 by Hanish Kumar Sinha, Head - Research & Development, NBHC

The market is learning to live with Covid 19 and amidst significant dent in the supply owing to Covid cases in major mining areas of Chile; the copper market has made significant recovery in the last 15 to 20 days. The South American nation had recorded 298,557 cases of the virus as of July 7, with the state-owned copper mining company, Codelco, confirming that 2433 of its staff had contracted the virus.Read More...

Copper Moves on After Confronting Covid-19 & Looming Economic Recession
Posted on 26th June 2020 by Hanish Kumar Sinha, Head - Research & Development, NBHC

The global copper market is going through an unusual period in history as the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry.As part of the new emerging geographic scenario, the United States is forecast to readjust to a 0.9 per cent CAGR. Within Europe, the region worst hit by the pandemic, Germany is likely to add over 53.7 thousand MT to the region’s size over the next 7 to 8 years. Read More...

NBHC’s Final Rabi Crop Estimates for 2019-20
Posted on 1st June 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

The rainfall during the months of June-September was at 10 per cent above average. Rainfall over the country as a whole during the SW monsoon season (June-September), which is the principal rainy season of the country, was normal (110 per cent of LPA). The 2019 northeast monsoon season (October-December) rainfall over the country as a whole was above normal (129 per cent of LPA). Read More...

Socio - Economic Lockdown Intensifies Fear of Global Recession
Posted on 6th April 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

Copper in the recent times is making preparations for the worst possible situation since 2011 as the coronavirus outbreak shut down swathes of the global economy, reducing need for metals.The uncertainty brought by the coronavirus outbreak has continued to hit the copper market, with prices falling significantly while miners step up their response to slow down the spread of the novel virus.Read More...

Copper Finds no Respite as Coronavirus Aggravates Downside Risk
Posted on 7th March 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

An economic disaster just four decades ago, China now touches the lives of billions of people around the world. The growth in China is significant for industrial giants, auto industry, renewable energy, and countless others who depend on its economic might.The current situation of corona epidemic is worryingly unique, because unlike the SARS episode of 2002-2003, the world is considerably more integrated. NO sector has been left out from being significantly effected from this epidemic be it. The coronavirus is spreading across the world and is now causing governments to shut down schools and public gatherings, which mirror the enforced shutdown of factories all over China. Disruption of China's logistics and supply chains due to restrictions on travel and impacts on labour due to quarantines and fears of contagion have resulted in a marked slowing of industrial activity generally within the country.Read More...

NBHC’s First Rabi Crop Estimates for 2019-20
Posted on 11th February 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

The northeast monsoon, between October and December, India witnessed a 30 per cent surplus in total rainfall. The nation’s monsoon rainfall during the months of June-September was at 10 per cent above average. Rainfall over the country as a whole during the SW monsoon season (June-September), which is the principal rainy season of the country, was normal (110 per cent of LPA). Further, the downpour continued through the months of October and November, thereby increasing the water table. Read More...

Copper Investment Sentiments Grappled by Coronavirus
Posted on 3rd February 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

The global economic barometer, which was already struggling over the economic uncertainties, fell off the cliff as coronavirus gripped over 30 Chinese provinces forcing announcing of highest level of public health emergency,bringing almost all economic activity from consumption to logistics to staggering low levels. Investors have started deserting raw materials around the world over fears about the economic fallout from the virus. Currently, in the affected region about 90 per cent of copper smelting, 60 per cent of steel production, 65 per cent of oil refining and 40 per cent of coal output have been halted plummeting the overall sentiments in the global copper and other raw material market. Read More...

NBHC’s Final Kharif Crop Estimates for 2019-20
Posted on 21st January 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

The kharif season of 2019-20 had been very challenging as the monsoon had been initially late, erratic and subsequently very heavy and devastating. The monsoon rains had been 110 per cent over its (Long term Average) LPA with maximum in Central India followed by Southern Peninsula, Northwest and Northeast respectively. The wide spread floods was seen in 13 states between late July and early August 2019, due to incessant rains caused significant dent in the acreage and production of several kharif crops. Read More...

Challenges in Indian Pulses Industry
Posted on 20th January 2020 by Dr. Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

Pulses are the important sources of proteins, vitamins and minerals and are popularly known as “Poor man’s meat” and “rich man’s vegetable”, contribute significantly to the nutritional security of the country. Currently India is in the midway of self-sustaining in pulses production as we are the world leader in production, consumption and import. Read More...

Copper Continues to Reel under Extreme Global Economic Pressures
Posted on 6th January 2020 by Dr. Hanish Kumar Sinha Deputy Vice President - Research & Development, NBHC

For the entire year of 2019 copper market experienced the fallout effect of the Sino US trade war which showed varying facets as and when the two interested parties came close to an agreement and then parted ways. The US-China trade war has had a huge impact on copper. The copper prices have taken a beating since the start of the trade conflict.The falling GDP numbers, strengthening dollar, declining demand and increasing concentrate supplies and stable mine supplies: all kept copper under tremendous pressure and engulfed in gloom of uncertainties. Earlier, the truce in the trade war was expected in mid - December with the implementation of Phase One of the trade deal between the US and China. The deal is still somewhat nebulous and no-one seems sure whether there will be a "Phase Two" as there has been a general feeling that the US –China Trade War has almost peaked up and is bound to subside in the coming months. Thus the uncertainty still continues and the current US aggressive stand in the Middle East especially with Iran & Iraq is also adding more anxiety to the existing unpredicted situations.Read More...

Trade War Trumped Copper amidst Positive Fundamentals
Posted on 10th December 2019 by Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

Copper fundamentals continue to look supportive, while the global slowdown, exacerbated by trade war, loomed high on major economies. Mixed signals came from the recent efforts on the U.S.-China "phase-one" trade deal to de-escalate a 17-month trade war and the investors are still largely cautious to move on with increased indecisiveness. The turn of events is changing much sooner than expected. In spite of the trade deal negotiations, the American president has eventually angered China by signing a bill supporting pro-democracy protesters in Hong Kong. Currently, there is growing concerned that global troubles could drag down the copper market though there are immensely low inventories across the copper supply chain. Declines in warehouse stocks reflect a risk reduction strategy by consumers who have switched to making hand-to-mouth purchases that avoid building any inventories. Read More...

Weakness Engulfs Copper amidst Subdued World Industrial Growth
Posted on 5th October 2019 by Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

The weakness in the manufacturing data across the major economies has resulted in keeping the copper market in the grip of bears. The trade war between the China and US is adding to the woes and its continuity is hampering the overall sentiments as copper is extremely sensitive to geopolitical developments. As per ICSG estimates that the global refined copper market was in a deficit of 220,000 tons in the first half of the year. In commodity markets, a deficit is a scenario where demand exceeds supply. In the medium to long term, underlying demand-supply dynamics drive commodity prices and the slowdown in Chinese demand owing to extended Sino –US trade war is truly reflected in the China’s lower economic growth rates.Usually, deficits support commodity prices. Read More...

Copper Market Rebound amidst Partial Truce in Sino - US Trade Faceoff
Posted on 3rd July 2019 by Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

The global economies which were dwindling with the uncertainty regarding the direction of the market breathe a sigh of relief as the two leaders decided to break the ice and discuss the Trade conflicting issues. In the backdrop of G-20 meeting at Osaka, both Donald Trump and Xi Jinping agreed to another truce in their year-long trade war in order to resume talks aimed at resolving the dispute. Currently, China has insisted that all tariffs on Chinese imports added by the United States during the trade war must be scrapped immediately as part of any deal to end the year-long conflict, which would require the Trump administration to give up its position that some levies remain in place even after an agreement is reached while US administration has agreed to pause placing tariffs of up to 25 per cent on an additional US$300 billion of Chinese imports. Read More...

Copper Shapes up for Good Long Term Upsurge
Posted on 2nd May 2019 by Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

Copper continues to trade range bound on short term fundamentals, though the long term fundamentals continue to be robust providing increased underlying strength to the prices and not allowing it to slump drastically. The global economic uncertainties are been increasing as the final truce between US and China tariff dispute is yet to be achieved. Read More...

Mustard Seed Destined to Climb Higher on Increased Demand Prospects
Posted on 6th March 2019 by

Mustard seeds (Brassica Napus) also known as Rapeseeds and Canola are very widely cultivated throughout the world. The seeds can come from three different plants: black mustard, brown Indian mustard and white mustard. Mustard seed is the third leading source of vegetable oil in the world after Soybean oil and palm oil. It is world's second leading sources of protein meal after soybean meal. Mustard seeds oil content varies from 35 per cent to 46 per cent. It is the source of mustard seed oil and oilcake. Read More...

Decisive Positivity is Likely to Prevail in Copper for 2019
Posted on 6th March 2019 by Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

Amidst reports of easing economic tariff war between US & China (Extension on imposition of fresh tariff beyond March), expectation of decline in supply and continued robust demand prospect despite marginal slowdown of Chinese growth numbers is expected to keep the copper prices buoyant for entire 2019.The US dollar’s performance played a significant role in commodity price direction throughout 2018 and is likely to do so again this year. Read More...

Copper’s Strong Fundamentals Finally Gives in to Bulls
Posted on 4th February 2019 by Hanish Kumar Sinha, Deputy Vice President - Research & Development, NBHC

Copper’s dramatic price slide began from about mid-year of 2018. The strong dollar, rising US interest rates and concern over the escalating trade dispute between the USA and China weighed heavily on copper. Currently, the dollar has started showing signs of cooling, the FED rate hikes have been stabilised and both parties have agreed to enter a period of negotiation that would normalise trade deal within 90 days from the beginning of 2019. An on-going trade dispute between the U.S. and China could send the global economy into a recession, therefore the odds favour a trade deal between the nations, as it is in the best interests of both countries.The global copper demand is expected to continue on the rise in 2019. According to the latest analysis the market is under supplied with demand set to increase from 23.6 million MT in 2018 to 29.8 million MT by 2027 - at 2.6 per cent annual growth.Thus, we can see the increased positivity in the various factors as 2019 continues to roll on. Read More...

Need for Awareness to Build the Apprenticeship Brand
Posted on 11th October 2018 by Mr. Bharat Pawar, Senior Vice President - Human Resources at National Bulk Handling Corporation

National Bulk Handling Corporation (NBHC) is India’s leading provider of integrated commodity and collateral management services, offering world-class processes and services in procurement, handling, storage and upkeep of collateral and agri-commodities.Read More...

NBHC Kharif Crop Estimates 2018-19 final
Posted on 25th September 2018 by Hanish Kumar Sinha, Head - Research & Development, NBHC

With the Kharif Sowing almost on the verge of completion we at NBHC are releasing our 1st Kharif Crop Estimate - 2018-19. On the Monsoon front, India's monsoon, which irrigates more than half of the country's farmland, is below an earlier forecast of normal showers. Backed by good monsoon rainfall last year India had produced record 284.83 MT of food grains in the 2017-18, this year highly erratic monsoon and its obscure spread may reduce food grain output in the ongoing Kharif season. Read More...

Copper Struggling to Find Stability amidst Increase Global Uncertainty
Posted on 6th August 2018 by Hanish Kumar Sinha,AVP & Head, Research & Development, NBHC

The market is currently struggling to find support amidst the increased threat of a further surge in trade hostilities between the US and China. The U.S. trade fight is getting nastier and it's more likely to escalate. US administration is considering bumping the proposed 10 per cent tariffs on $200 billion in Chinese goods to 25 per cent which is being considered after Beijing retaliated against the administration's imposition of 25 per cent tariffs on $34 billion in goods. Since China is the largest consumer of copper with over 45 per cent of the global market, any move in creating the uncertain trade environment is going to hamper the overall direction and quantum of trade.Read More...

Structural Deficit in Copper Supplies to Keep Under Current Firm
Posted on 7th May 2018 by

Just two years ago copper was floundering at the lowest level since the global financial crisis. Now the metal often viewed as a barometer of the world economy is heading for its best year since 2010 on bets that miners can’t dig fast enough to keep up with strengthening demand. The copper market continues to be range bound with firm under current as copper concentrate markets are tight and are set to enter into structural deficits.2018 is expected to be another year of significant concentrate shortage with mine supply only growing 1.5 per cent. Read More...

Copper Dips Marginally Amidst Subdued Demand
Posted on 9th April 2018 by Hanish Kumar Sinha,AVP & Head, Research & Development, NBHC

Over the last quarter the copper prices have dipped by about 9 per cent on news of slackening demand from China, though the long term base fundaments still strongly favours the bulls.Strong global economic growth is driving demand for the red metal. The Organization for Economic Cooperation and Development raised its global growth forecast for 2018 and 2019 to 3.9 per cent from a previous estimate of 3.6 per cent. Read More...

Copper to Gain More Positive Tractions in 2018
Posted on 5th January 2018 by Hanish Kumar Sinha, Head - Research & Development, NBHC

The year 2017 has been quite outstanding for copper and other base metals. In the year 2017, copper demand, especially from China, turned out to be better than expected. China’s housing market proved resilient, while global economic growth also strengthened over the year. Read More...

Copper Going through Extended Consolidation
Posted on 6th December 2017 by Hanish Kumar Sinha, Head - Research & Development, NBHC

Copper market has been consolidating in the broad range on the lower side from the highs. After surging in response to strong Chinese economic data earlier this year, some investors now worry that a slowdown in China - which accounts for ~50 per cent of the world’s copper consumption - could weigh on prices moving forward, and has prompted some short term investors to take chips of the cliff.Read More...

Copper Market Shows Signs of Upsurge amidst Chinese Support
Posted on 7th August 2017 by Hanish Kumar Sinha, Head - Research & Development, NBHC

After months of stagnation the market has shown marginal signs of improvement amidst support from global supply squeeze, Chinese demand and weakening Dollar. Read More...

Investor Keenly Awaits Improvement in Chinese Demand
Posted on 14th July 2017 by Hanish Kumar Sinha, Head - Research & Development, NBHC

The dwindling feature of copper trade continues to linger on amidst lack of concrete demand and unstable global economic developments. The base support for the improvement in the prices is coming from the supply side which is being curtailed by mine strikes and significant production cuts. Read More...

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