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 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 concluded the trading session with a decline of 1.11%, settling at Rs 347.05. This downturn was primarily driven by robust production figures from China and diminishing worries regarding supply from the Gulf, which overshadowed the support provided by critically low LME inventories and persistent supply disruptions. China’s aluminium production experienced a year-on-year increase of Read More
Aluminium prices concluded the trading session down by 1.73% at Rs 346.80, influenced by enhanced supply expectations from the Middle East and the anticipated restoration of smelting capacity affected by conflict, which alleviated fears of regional shortages. This occurred in the context of stalled peace talks between the U.S. and Iran, alongside ongoing threats to Read More
Aluminium prices increased by 0.41% to close at Rs 346.2, buoyed by constricting global supply dynamics and apprehensions regarding possible production interruptions. The market gained momentum from a 6.7% year-on-year decrease in aluminium production outside China in July, primarily attributed to reduced operating rates at various smelters in the Middle East. Additional support emerged as Read More
Aluminium prices concluded at Rs 340.35, reflecting a 0.62% increase, bolstered by escalating geopolitical tensions between the United States and Iran. This situation has tempered expectations regarding the resumption of Middle Eastern aluminium smelters and heightened apprehensions about global supply availability. Additional support emerged from a depreciating U.S. dollar following the Federal Reserve’s decision to Read More
