PriceVision Blog (Page 2)

live commodity prices

price forecasting

What Are Commodity Markets and How to Trade in Them

Commodity market is vital to the world's economy. They trade essential raw materials, such as oil, gold, and crops. In our blog, we'll explain these markets. We aim to show you how to trade in them. We will also explore the role of commodity prices. Live commodity prices are crucial

Artificial Intelligence in Commodity Trading

commodity prices

The Benefits of Artificial Intelligence in Commodity Trading

Commodity trading plays a crucial role in the global economy.. It involves daily transactions of commodities like oil, gold, and crops. In the swift commodity market, staying updated is key. AI and ML are now crucial in this sector. They help handle the intricate aspects of trading. This blog discusses

oil price prediction

Predict the Oil Price Movement in Commodity Markets with PriceVision

The global commodity markets never centered on one item. Multiple items are considered commodities in the market. The hotbeds of volatility and speculation always revolve around oil on a global level. The multilevel connection among geopolitics events, supply demand dynamics, and economic indicators predicts the oil price movements over the

Cotton Prices: Navigating the Global Market Dynamics

Cotton is a timeless and versatile material. It is essential in our daily lives. We wear soft cotton clothes and use cotton products. Cotton is crucial in many industries. However, it has complex market dynamics. Pricing trends in cotton are intricate. The United States Department of Agriculture issued its December

Hot Rolled Coil

In-Depth Analysis of HRC (Hot Rolled Coil) Prices in the USA

Introduction The global manufacturing sector relies on the steel industry and this is greatly affected by current HRC prices. Because of this, HRC has become an essential indicator with which to measure the general state of the whole steel industrial industry. US HRC has experienced numerous price shifts throughout its

CME Platinum Live Chart

live platinum prices

CME Platinum Live Chart & Price Predictions

There is virtually no investor in precious commodities who has never heard of platinum as one of those commodities for investing. Platinum is an example of one of the high-quality metal substances highly sought after in the international community for industrial uses as well as an asset. By watching CME's

Cotton Market Analysis

Cotton Market Analysis: Challenges and Opportunities in 2023-24

The cotton market has witnessed notable fluctuations in recent weeks, marked by changes in seed cotton prices, buying patterns, and production estimates. In this blog post, let us discuss and understand the major market highlights, weekly price reviews, and projections for the 2023-24 cotton season. Market Dynamics: Seed Cotton Prices

The Future of Forecasting: Introducing the Probabilistic Band Forecast in PriceVision

The Future of Forecasting: Introducing the Probabilistic Band Forecast in PriceVision

Commodity markets are notorious for their volatility. From geopolitical events to weather anomalies, a plethora of factors can lead to sudden and sharp changes in commodity prices. For procurement teams and commodity traders, this unpredictability can pose significant risks. Predicting where prices will head is no small feat, but with

Commodities Market

Navigating the Commodities Market During Periods of High Volatility

Introduction Ever felt the thrill of a roller coaster ride? The commodities market in volatile times can feel just like that - exhilarating highs, nerve-wracking lows, and the adrenaline rush of the unknown. But fear not! With the right knowledge and strategies and the power of commodity price forecasting, you

crude oil prices

crude oil prices

$90 Brent Crude Milestone: Extended Production Cuts by Saudi Arabia & Russia

The world of crude oil is as dynamic as it is intriguing. With Brent crude oil prices reaching the $90 mark, there's a buzz in the air. But what's behind this surge? Let's dive deep into the world of oil, geopolitics, and the decisions of two major players: Saudi Arabia

oil demand forecast

OPEC Boosts 2023 Oil Demand Forecast Amid Strong Chinese Demand

The global oil market is a buzz with new developments as the Organization of the Petroleum Exporting Countries (OPEC) announces a substantial increase in its projection for oil demand growth in 2023. This upward revision, amounting to an additional 100,000 barrels per day (bpd), brings the estimated daily oil

crude oil prices

Navigating the Volatile Seas of Crude Oil Prices

Crude oil market volatility is nothing new, and the past several months have been no different. Crude oil prices have been fluctuating like a roller coaster, leaving consumers and investors unsure of what may happen next. In this blog, we'll talk about the variables affecting crude oil prices and consider

Commodity Price Forecasting

commodity price forecasting

From Data to Decisions: How AI Commodity Price Forecasting Boosts Profitability

Introduction In the fast-paced world of commodity trading making profits requires more than just knowledge. It also requires the ability to anticipate market conditions. This is where Commodity Price Forecasting tools like PriceVision come into play. In this article, we will delve deeper into how this innovative tool revolutionizes decision-making

AI Pricing Algorithms

AI pricing algorithm

AI Pricing Algorithms: Advantages and Ethical Concerns

The landscape of pricing strategies across businesses has changed as a result of price algorithms powered by artificial intelligence (AI) approaches. The commodities market, where the nuances of determining pricing for goods and raw materials have been redefined, is one such area that has been significantly affected. This article explains

Chasing Gold - Tracing the Highs and Lows of Gold Prices in 2023

Gold, a metal that has been widely associated with luxury, has held importance throughout the course of civilization. Its enduring allure, utility, in industries and reputation as a store of wealth have all contributed to its highly coveted status. As a result, fluctuations in the price of gold can significantly

Steel Prices Exposed: Deciphering Trends and Market Forces

Introduction Steel holds immense significance as a resource. It is a material that plays a role in various industries propelling progress and innovation worldwide. Its unparalleled strength, flexibility, and adaptability have been pivotal in the advancement of humanity. It finds applications across sectors and has contributed significantly to the growth

How does big-data help with Procurement risk evaluation?

Procurement departments stand to benefit greatly from the availability of new digital technologies and the big data analytics they bring. Businesses are always on the lookout for ways to save expenses, decrease risk, improve efficiency, and increase profit margins. Also, governments have an expectation that enterprises will follow all regulations

The importance of soybeans in India

The main source of protein feed and the second-largest source of vegetable oil are both derived from soybeans. India is the world's sixth-largest consumer of soybeans and the fifth-largest producer of the crop. Only a small portion of India's soybean production is exported; the majority is consumed domestically. The largest

Price Discovery

Unleashing the Power of Artificial Intelligence: Revolutionizing Price Discovery

Introduction In today's rapidly evolving world, the integration of artificial intelligence (AI) has become ubiquitous across various industries. One area where AI has made significant strides is in price discovery. The ability to accurately determine the fair value of goods and services has always been crucial for businesses and consumers

Price Prediction

price prediction

The Role of Artificial Intelligence in Price Prediction

Artificial Intelligence (AI) has revolutionized various industries, and one area where its impact is increasingly significant is price prediction. In today's dynamic and data-driven world, accurately forecasting prices is crucial for businesses and investors alike. Traditional methods often fall short of capturing the complex patterns and nuances within market data.

Will Crude Oil (WTI) continue to rise or not?

Along with Brent and Dubai Crude, West Texas Intermediate (WTI) is a particular grade of crude oil and one of the three major benchmarks for oil pricing. Because of its relatively low density (with a particular gravity) and Sulphur content of between 0.24% and 0.34%, WTI is referred

Gold Price Forecasting

gold price forecasting

How Artificial Intelligence is Revolutionizing Gold Price Forecasting in the Commodity Market

Introduction Artificial Intelligence (AI) is transforming numerous sectors, including the commodity market. The technology has enabled us to maximize the available resources, minimize errors, and automate processes, which has made trading more efficient. In recent years, industries such as healthcare, finance, and education have adopted AI technologies to automate their

CPO-Malaysian Palm Market and it’s Market Drivers

Palm oil, commonly referred to as vegetable fat, is used for a range of things besides cooking, such as cosmetics and other culinary items. Crude palm oil (CPO) is an organic oil made from the pulp of oil palm fruit, to put it simply. Contrary to its yellowish-black sibling, CPO

sugar or ethanol

Will Brazil generate more sugar or ethanol this year, or both?

Introduction: Brazil is known for its tropical climate, beautiful beaches, and vibrant culture, but it is also a major player in the global sugar and ethanol markets. As the world's largest producer of sugarcane, Brazil has a significant impact on the supply and demand of sugar and ethanol. The production

What is driving the fluctuation in steel prices?

Introduction: If you've ever walked through a construction site, you've probably seen it: towering steel beams rising up towards the sky, slowly taking shape into the building of tomorrow. But what you might not see is the complex web of factors that influence the price of that steel, and how