Aluminium prices experienced a decline of 2.57%, settling at Rs 345.25, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions. Market sentiment deteriorated after the United States provided Iran with a 60-day sanctions waiver in the wake of preliminary peace negotiations, enhancing expectations for a gradual normalisation of Read More
Aluminium prices experienced a decrease of 0.49%, concluding at Rs 356.9, as the alleviation of geopolitical tensions diminished worries regarding potential supply disruptions from the Middle East. Market sentiment deteriorated following the signing of an interim peace agreement between the United States and Iran, which seeks to conclude hostilities and facilitate the reopening of the Read More
Aluminium prices experienced a decline of 2.05%, settling at Rs 377.4. This decrease was influenced by the easing of geopolitical tensions following an agreement between Iran and Israel to cease attacks, which alleviated concerns regarding potential supply disruptions in the near term. Market participants exhibited a degree of caution as Tehran persisted in imposing restrictions Read More
Aluminium prices experienced a decline of 0.44%, settling at Rs 393, as traders engaged in profit-taking after recent gains. Nonetheless, persistent supply concerns continued to underpin support for the market. Global aluminium sentiment continued to be bolstered by a reduction in physical availability, as LME aluminium inventories decreased to 335,450 tonnes, marking their lowest point Read More
Aluminium prices increased by 0.98% to close at Rs 387.5, driven by ongoing worries regarding constricted global supplies and robust indicators of industrial demand emerging from China. Market sentiment continued to be bolstered by concerns regarding diminished aluminium production from Gulf producers, stemming from persistent geopolitical tensions associated with the Iran conflict. The Gulf region, Read More
Aluminium prices concluded the trading session down by 1.73% at Rs 378.85, reflecting a trend of profit booking as high prices started to indicate a potential reduction in demand within China. Market sentiment deteriorated following a 3.3% rise in aluminium inventories within warehouses tracked by the Shanghai Futures Exchange compared to the prior week, suggesting Read More
Aluminium prices concluded the trading session with an increase of 0.6% at Rs 378, reflecting persistent apprehensions regarding supply disruptions associated with the ongoing conflict in the Middle East. The ongoing conflict has had a significant impact on the exports of aluminium from Gulf producers, as well as the imports of essential raw materials. Additionally, Read More
Aluminium prices increased by 0.94%, closing at Rs 374.5, bolstered by ongoing supply concerns associated with rising geopolitical tensions in the Middle East. The current impasse between the United States and Iran has heightened concerns regarding potential interruptions in cargo transport from the Gulf region, especially via the Strait of Hormuz. Further backing emerged following Read More
Aluminium prices increased by 0.41% to close at Rs 375.7, bolstered by rising supply concerns associated with ongoing disruptions in the Strait of Hormuz. The extended geopolitical conflict has markedly affected production in the Middle East, with reports indicating damage to essential refineries in the UAE and Bahrain, thereby heightening concerns over a prolonged supply Read More
Aluminium increased by 0.43% to close at Rs 365, bolstered by fresh worries regarding supply interruptions from the Persian Gulf, a region responsible for nearly 9% of global production. Tensions have intensified following Iran’s recent closure of the Strait of Hormuz, which occurred shortly after it had been reopened, with the country attributing this move Read More
Aluminium experienced a decline of 1.27%, closing at Rs 303.8, following reports suggesting that U.S. President Donald Trump might reduce specific tariffs on steel and aluminium products. The news impacted sentiment, although losses were mitigated by supply-side concerns. South32 has announced that its Mozal smelter in Mozambique will enter a phase of care and maintenance, Read More
Aluminium prices experienced a notable increase of 4%, concluding at Rs 331.45, largely influenced by constricting global supply dynamics and robust investor positioning. Supply-side pressures have intensified due to production disruptions at key smelters located in Iceland, Mozambique, and Australia, thereby constraining near-term availability. Sentiment experienced an additional uplift following Goldman Sachs’ revision of its Read More
Aluminium prices experienced a slight increase, closing up by 0.05% at Rs 315.2, as market participants reevaluated their outlook on supply constraints and robust global demand. Sentiment was bolstered by indications of economic stabilization in China following Beijing’s reaffirmation of its commitment to supportive policies. China’s central bank indicated its intention to reduce the reserve Read More
