Aluminium prices increased by 0.24% to close at Rs 333.25, bolstered by worries regarding possible supply interruptions in the Middle East and a decrease in global inventories. Market sentiment exhibited a degree of caution following reports of a vessel being hit in the Strait of Hormuz. Concurrently, Iran asserted that peace negotiations with the United Read More
Copper prices increased by 0.20% to close at Rs 1,287.4, buoyed by constricting global supply dynamics and ongoing reductions in inventory levels at key metal exchanges. However, gains remained constrained as investors exhibited caution regarding the uncertainty surrounding U.S. monetary policy and the potential imposition of import tariffs on refined copper. Market participants remained vigilant Read More
Zinc prices concluded the trading session with a 1.92% increase, reaching Rs 366.65. This uptick was bolstered by a resurgence in global manufacturing activity and a tightening of supply conditions in the near term. Manufacturing data from China, Europe, and the United States indicated continued expansion despite elevated input costs, reinforcing expectations for steady industrial 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
Copper prices increased by 0.15% to close at Rs 1,272.25, bolstered by constrained global supply conditions following a 12.9% year-on-year decline in Chile’s copper production in May, which totalled 423,623 metric tonnes. Additional support stemmed from apprehensions regarding potential US tariffs, which prompted increased shipments into the United States and constrained availability in other regions. Read More
Zinc prices advanced 1.63% to settle at Rs 364.2, buoyed by short covering and ongoing apprehensions regarding constricting mine supply. Zinc remained the sole base metal on the London Metal Exchange to conclude June with its forward curve in backwardation, indicative of constrained near-term availability. Supply disruptions at major mining and smelting operations persisted, supporting Read More
Aluminium prices experienced a decline of 1.07%, concluding at Rs 329.35, as the alleviation of geopolitical tensions between the US and Iran mitigated worries regarding potential supply disruptions from the Middle East. Market sentiment improved following the agreement between both countries to resume discussions regarding the Strait of Hormuz in Qatar, which alleviated concerns about Read More
Copper prices concluded the session with a 0.40% increase, reaching Rs 1,266.65. This uptick was bolstered by a reduction in exchange inventories and a more favourable medium-term supply outlook, although the extent of the gains was limited by a reduction in geopolitical tensions. LME copper stocks declined to 339,100 metric tonnes, marking their lowest level Read More
Zinc prices experienced a decline of 2.39%, settling at Rs 353.7. This decrease was influenced by a stronger U.S. dollar, as investors raised their expectations for additional rate hikes by the Federal Reserve. The dollar ascended to a 13-month peak, diminishing the attractiveness of industrial metals and exerting pressure on the overall sentiment surrounding commodities. Read More
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
Copper prices concluded the trading session with a 0.44% increase, reaching Rs 1,315.3. This uptick was bolstered by a decline in energy costs and a favourable outlook for global manufacturing demand. The decline in crude oil prices followed encouraging developments in U.S.-Iran negotiations, with both sides signalling progress toward restoring trade and energy flows through Read More
Zinc prices experienced a decline of 1.13%, settling at Rs 366.5, influenced by the strengthening of the U.S. dollar following the postponement of peace talks between the United States and Iran. The dollar climbed to a one-year high as uncertainty surrounding Middle East tensions increased following Switzerland’s confirmation that negotiations between U.S. and Iranian officials Read More
Copper prices declined by 0.23% to close at Rs 1,337.6, as investors weighed the reduction in geopolitical tensions in the Middle East against apprehensions regarding deteriorating economic indicators from China. Market sentiment showed signs of improvement following reports indicating that the United States and Iran have reached a preliminary agreement intended to resolve the conflict Read More
Zinc prices declined by 1% to settle at Rs 366.2, reflecting market sentiment influenced by concerns over weakening demand in China. Recent economic indicators from China revealed a 0.6% contraction in retail sales for May, representing the first decline in over three years. Additionally, fixed-asset investment decreased by 4.1% in the initial five months of Read More
Aluminium prices experienced significant selling pressure, closing 4.92% lower at Rs 356.8. The easing of geopolitical tensions in the Middle East has alleviated concerns regarding supply disruptions and enhanced export prospects from key Gulf producers. Market sentiment showed signs of deterioration following the announcement from U.S. and Iranian officials regarding a framework agreement aimed at Read More
Copper prices closed 0.78% higher at Rs 1,335.35, buoyed by a shift in risk sentiment following growing optimism about a possible peace agreement between the United States and Iran. Easing geopolitical tensions contributed to alleviating worries regarding global economic growth and the demand for industrial metals. Additional support emerged from persistent speculation regarding potential U.S. Read More
Zinc prices concluded the trading session with an increase of 1.5%, reaching Rs 364.75. This rise is attributed to escalating worries regarding the constriction of global supply, prompted by a succession of production interruptions at key mining and smelting facilities. Market sentiment improved following Goldman Sachs’ indication that Boliden’s Garpenberg mine may function at a Read More
Copper prices decreased by 1.06% to close at Rs 1,313.55, influenced by escalating geopolitical tensions in the Middle East and increasing expectations of tighter monetary policy, which negatively impacted sentiment across industrial metals. The United States initiated military action against Iranian targets in response to the downing of an American helicopter. This escalation has heightened 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
Zinc prices increased by 0.05% to close at Rs 365.2, buoyed by constricting global supply conditions due to production disruptions at significant smelting operations. However, gains remained constrained as robust U.S. economic data elevated the dollar and solidified anticipations that the Federal Reserve may implement interest rate hikes by the end of the year. In Read More
