Aluminium prices concluded at Rs 353.15, reflecting a 0.28% increase, bolstered by constrained physical availability and diminishing inventories on the Shanghai Futures Exchange. However, the supply outlook may enhance as numerous smelters recommence curtailed capacity and embark on expansion initiatives. The US-Iran conflict has significantly impacted aluminium supplies originating from the Gulf region, evidenced by Read More
Natural gas prices concluded the session with a 0.14% increase, reaching Rs 279.6. This uptick was bolstered by optimistic demand projections for the upcoming week and increased inflows to US LNG export facilities. However, the extent of the gains was limited by unprecedented production levels and adequate storage capacities. US Lower 48 gas output averaged Read More
Gold and silver prices commenced the trading session on the Multi Commodity Exchange on Monday with a decline, interrupting a two-day upward trend. This shift comes as investors assess the latest tensions between Iran and the US, ongoing developments in the Middle East, and the possible repercussions for inflation and interest rates. In the domestic Read More
Zinc settled 1.8% higher at Rs 427.65 following reports of an industrial accident at Korea Zinc’s Onsan smelter, which raised concerns regarding near-term supply. Additionally, tight inventories outside China offered further support. The LME cash zinc contract premium over the three-month contract persisted at a high level of $124 per tonne, indicative of limited physical Read More
Crude oil settled 0.62% lower at Rs 9,758, reflecting a reduction in concerns regarding supply disruptions following Saudi Arabia’s indication that it could restore approximately half of the damaged East-West pipeline capacity within days and achieve full operations within six weeks. Saudi Aramco is endeavouring to circumvent impaired segments and restore partial flows, while Riyadh Read More
Gold and silver prices commenced trading on the Multi Commodity Exchange on Friday with a mixed performance, buoyed by declining oil prices and a lacklustre US dollar. Meanwhile, investors remained vigilant regarding ongoing developments in the Middle East and the broader implications for global interest rates. In the domestic market, silver futures for September 2026 Read More
Copper settled 0.64% higher at Rs 1,374.35, buoyed by indications of robust demand from China, the leading global consumer. However, traders exhibited caution in anticipation of the US Federal Reserve’s interest-rate decision. Chinese buyers have capitalised on the recent price decline to restock inventories, resulting in a 7% increase in the Yangshan copper premium to Read More
Natural gas settled 0.82% lower at Rs 277.9, influenced by near-record production, adequate storage levels, and revised forecasts indicating milder weather over the upcoming two weeks. Average Lower 48 output was anticipated to decrease to a two-month low of 108.4 bcfd on Tuesday, while elevated temperatures through September 30 are expected to maintain demand for Read More
Aluminium concluded the trading session with a 0.24% increase, reaching Rs 348.9, bolstered by constrained physical availability. This situation is underscored by LME inventories hovering close to a 36-year low, while SHFE stockpiles persist in their downward trend. However, the upside remained constrained as several smelters resumed curtailed capacity and pursued expansion projects, while increased Read More
Natural gas settled higher by 0.65% at Rs 280.2, buoyed by a decrease in daily U.S. production and projections for warmer-than-normal weather extending through the end of September, which may maintain cooling demand. LSEG reported average Lower 48 gas output at 113.2 billion cubic feet per day in September, an increase from the August monthly Read More
Gold and silver prices commenced trading on a positive note on the Multi Commodity Exchange this Wednesday, even as anticipation builds around a potential rate hike in the US Federal Reserve’s forthcoming decision, set against a backdrop of intensifying geopolitical tensions. In the domestic market, silver futures for September 2026 delivery increased by Rs 4,000, Read More
Copper prices concluded the trading session with a decline of 1.3%, settling at Rs 1,360.45. This downturn was influenced by prevailing uncertainty regarding potential U.S. tariffs on refined copper imports and the consequent effects on inventory flows. The White House remains undecided on tariffs, as officials evaluate the implications of increased manufacturing costs in relation Read More
Crude oil prices concluded the trading session with an increase of 1.99%, reaching Rs 9,717. This uptick was bolstered by apprehensions regarding potential disruptions to energy supplies from the Persian Gulf, particularly in light of a drone attack on a vital Saudi Arabian pipeline. Saudi Arabia’s Energy Ministry announced the closure of the pipeline as Read More
Gold and silver prices exhibited a mixed performance on the Multi Commodity Exchange on Tuesday, as investors remained poised for the US Federal Reserve’s policy decision, seeking insights into the prospective trajectory of monetary policy in the context of rising geopolitical tensions. In the domestic market, MCX silver futures for September 2026 delivery experienced a Read More
Aluminium concluded the trading session down by 1.81% at Rs 349.3, influenced by anticipations of a quicker production rebound at Emirates Global Aluminium and Alba, which dampened market sentiment. However, ongoing physical supply constraints and decreasing inventories served to mitigate the extent of the decline. EGA reported that its Al Taweelah smelter is currently functioning Read More
Natural gas settled 0.3% higher at Rs 270.5, buoyed by rising oil prices and anticipated stronger demand in the forthcoming fortnight. However, the increase was tempered by near-record production levels in the US and a storage injection that exceeded expectations. As of August 28, US petrol inventories stood 5.2% above the five-year seasonal average. Meanwhile, Read More
Zinc settled 1.04% higher at Rs 429.05, while LME zinc prices surpassed $4,000 per tonne for the first time since 2022, reflecting considerable supply pressures in the market. Production disruptions at several mines, including those in China, coupled with restricted Iranian ore shipments due to heightened tensions in the Middle East, have raised concerns regarding Read More
Crude oil concluded the trading session with a 4.18% increase, reaching Rs 9,099, as rising tensions in the Middle East heightened apprehensions regarding potential disruptions in energy supply, inflationary pressures, and the overall stability of the global economy. The US military reported the destruction of five Iranian crude tankers following attempted strikes on a US Read More
Gold prices commenced trading on the Multi Commodity Exchange on Thursday at a lower level, despite the dollar’s continued subdued performance. Renewed hostilities between the United States and Iran, coupled with forthcoming inflation data from the U.S., have maintained market attention on the trajectory of interest rates. In the domestic market, MCX silver futures for Read More
Copper settled 1.87% higher at Rs 1,412.60 as the market maintained its attention on tightening supply outside the United States and robust metal flows into U.S. warehouses. COMEX copper inventories reached an unprecedented level of 766,795 short tonnes, which translates to 695,624 metric tonnes, underscoring a notable increase in stockpiles within the United States. In Read More
