PolyMart Weekly Raw Material & Currency Insights

Crude prices saw a notable jump, closing at 70.13 compared to 66.68 last week, marking a 5.17% gain. On a monthly basis, crude also climbed by 5.14% while quarterly growth stood at 3.54%. Despite the recent surge, crude remains 1.35% lower year-on-year, with the yearly high at 82.03 and low at 58.95. The currency market reflected weakness as the rupee closed at 88.67 against 88.10 last week, showing a weekly decline of 0.65%. On a monthly basis, the rupee depreciated by 1.19% and quarterly by 3.54%. Year-on-year, the fall stood at 6.06%, highlighting consistent downward pressure. Natural gas prices rallied strongly, closing at 3.20 from 2.88 last week, recording an impressive 11.11% rise. The monthly increase was even sharper at 14.70%. However, on a quarterly scale, natural gas dipped 1.84%. On a yearly basis, gas surged 24.03%, with the yearly high at 4.49 and low at 2.30. Overall, crude and natural gas maintained bullish momentum, while the rupee faced persistent weakness across all major timeframes.Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.