Aluminium concluded the session with a decline of 0.51%, settling at Rs 339.65. This downturn was influenced by diminishing worries regarding supply disruptions in the Gulf and anticipations of increased production capacity in Indonesia. Additionally, a stronger dollar and the rise in global bond yields contributed to the negative sentiment. However, the downside remained constrained Read More
Aluminium concluded the trading session with a 0.3% increase, reaching Rs 347.15. This uptick was bolstered by constrained physical supply conditions and interruptions in regional production, influenced by the ongoing US-Iran conflict. In July, aluminium production in the GCC experienced a significant decline of 44% compared to the same month last year. Concurrently, LME inventories 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
Aluminium concluded the trading session with a 0.53% increase, reaching Rs 349.45. This rise was underpinned by a reduction in physical availability and apprehensions regarding supply, as evidenced by the cash-to-three-month spread transitioning into slight backwardation, indicating stronger immediate demand and limited supplies. Aluminium inventories at the Shanghai Futures Exchange experienced a decline of 6.8% Read More
Aluminium settled 0.25% higher at Rs 347.60, buoyed by declining inventories and anticipations of additional policy support from China. However, the gains were constrained by rising oil prices, renewed inflation concerns, and expectations of increased interest rates. Aluminium stocks at three major Japanese ports decreased by 8.8% month-on-month, reaching 201,000 tonnes at the end of Read More
Aluminium concluded the trading session with minimal movement, rising by 0.01% to Rs 344.4. This stability was influenced by China’s commitment to implement fiscal policy measures aimed at bolstering economic growth, which counterbalanced the anticipation of enhanced production in the Middle East and ongoing supply availability. China’s Q2 GDP growth decelerated to 4.3%, heightening anticipations Read More
Aluminium prices concluded the session with a 1.51% increase, reaching Rs 355.85, bolstered by diminishing exchange inventories and apprehensions regarding potential supply disruptions. LME aluminium inventories decreased to 254,900 tonnes, marking the lowest level this century, while stocks on the Shanghai Futures Exchange saw a reduction of 13,000 tonnes last week. Supply concerns intensified following Read More
Aluminium prices experienced a decrease of 0.30%, concluding at Rs 328.20, influenced by anticipations of enhanced global supply subsequent to previous disruptions stemming from the Iran conflict. Market sentiment showed signs of deterioration following the announcement from Emirates Global Aluminium regarding the quicker-than-anticipated recovery of production at its Al Taweelah complex. However, it is noted Read More
