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
Zinc prices decreased by 0.88% to close at Rs 367.5, reflecting apprehensions regarding the global economic outlook in light of persistent geopolitical tensions in the Middle East. Ongoing U.S. military activities in southern Iran, coupled with ambiguity regarding peace talks, have heightened market apprehension concerning inflationary pressures and their possible effects on industrial demand. However, Read More
Copper prices settled higher by 0.35% at Rs 1,367.45, buoyed by a resurgence in investor sentiment following indications that the United States and Iran were progressing toward a potential agreement that might facilitate the reopening of the Strait of Hormuz. Easing concerns over inflation and aggressive interest rate hikes have also bolstered industrial metals. However, Read More
Zinc prices concluded the trading session with an increase of 0.68%, reaching Rs 369.95. This rise is attributed to the constricting global supply dynamics, which have been influenced by recent interruptions at key zinc processing plants. Market sentiment improved following Nexa Resources’ decision to temporarily halt operations at its Cajamarquilla zinc smelter in Peru, the Read More
Zinc prices concluded the trading session down by 0.8% at Rs 367.45, influenced by profit-taking activities. This decline occurred against a backdrop of renewed uncertainty regarding the Iran conflict, which has led to an uptick in crude oil prices and reignited inflation concerns across global markets. Investors exhibited a degree of caution concerning the overarching Read More
Aluminium prices concluded the trading session with an increase of 0.43%, reaching Rs 386.05. This rise is attributed to ongoing supply disruptions originating from the Middle East, a region that represents nearly 9% of the global smelting capacity. Ongoing geopolitical tensions in the region have continued to restrict output, with Gulf primary aluminium production declining Read More
Copper yesterday settled down by 0.79% at Rs 1337.55 as concerns over weakening demand sentiment intensified following softer-than-expected economic data from China and elevated crude oil prices. China’s industrial production rose by 4.1% in April compared to the same month last year, a notable deceleration from the 5.7% growth recorded in March, and falling short Read More
Zinc concluded the day with a 0.54% increase, reaching Rs 365.15, bolstered by increasingly constrained global supply conditions following several production disruptions that heightened apprehensions regarding the availability of refined metal. Sentiment improved following the temporary suspension of operations at Nexa Resources’ 344,400-ton-per-year Cajamarquilla zinc smelter in Peru due to a fire incident. Meanwhile, Glencore-owned 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
Copper concluded the trading session down by 0.96% at Rs 1385.45, as profit-taking occurred following stronger-than-anticipated U.S. inflation figures, which in turn strengthened the dollar and diminished expectations for imminent Federal Reserve rate reductions. Market participants exhibited a degree of caution in anticipation of the forthcoming meeting between US President Donald Trump and Chinese President Read More
Zinc prices concluded the session with an increase of 0.66%, reaching Rs 364.75, bolstered by persistent supply concerns and a positive outlook for demand from China. Positive macroeconomic data from China enhanced sentiment across industrial metals, as consumer prices increased by 1.2% in April, surpassing market expectations of 0.9%. Additionally, factory-gate prices rose by 2.8%, 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
Copper prices experienced a notable increase yesterday, closing up by 3.33% at Rs 1369.05. This rise was bolstered by escalating supply concerns after Freeport disclosed a delay in the complete restoration of its Grasberg mine operations in Indonesia. Additional support emerged from inflation data out of China that exceeded expectations, with consumer prices increasing by Read More
Zinc prices saw a modest rise of 0.14%, finishing at Rs 348.2, as falling energy prices enhanced sentiment in the industrial metals sector and eased concerns about a potential slowdown in global economic growth. The market maintained its momentum, supported by tightening near-term supply conditions, as the global zinc deficit remains one of the most Read More
Copper yesterday settled lower by 0.3% at Rs 1,304.25 as profit booking emerged following recent gains attributed to easing geopolitical tensions, a weaker U.S. dollar, and improving demand indicators from China. Market sentiment continued to be bolstered following indications from U.S. President Donald Trump regarding the potential for a swift resolution to the U.S.-Iran conflict, Read More
Zinc prices experienced a slight increase of 0.26%, closing at Rs 346.55. This uptick was bolstered by a reduction in geopolitical tensions between the U.S. and Iran, coupled with constricting supply conditions in the near term. Market sentiment exhibited resilience as declining LME inventories and a contracting Cash-3M contango indicated heightened demand in the near 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
Copper prices decreased by 0.43%, closing at Rs 1,276.75, as new demand worries associated with rising tensions between Iran and the US countered the support from tightening near-term supply indicators. The increase in geopolitical risks has bolstered the US dollar, while simultaneously heightening worries regarding global growth and industrial demand, thereby impacting sentiment in the Read More
Aluminium experienced an increase of 0.81%, concluding at Rs 368.9. This rise was underpinned by strong manufacturing activity in China and ongoing supply-side issues associated with geopolitical tensions in the Middle East. Robust Chinese macroeconomic indicators, highlighted by a manufacturing PMI increase to 52.2 in April—marking its most rapid expansion since December 2020—bolstered confidence in Read More
Copper prices declined by 0.13% to close at Rs 1,275.3, influenced by signs of an increasing global surplus and prevailing macroeconomic challenges. The appreciation of the dollar, apprehensions regarding global economic expansion, and ongoing geopolitical instability in the Middle East have negatively impacted sentiment, especially in light of weaker demand indicators from China. Data from Read More
