Copper settled 1.24% lower at Rs. 1,351.15, as profit booking emerged following a recent rally driven by improving macroeconomic sentiment after the US midterm elections. In China, the Yangshan copper import premium has surged to $205 per tonne, marking its highest level in 12 years, which suggests a heightened demand for imported metal. However, apprehensions Read More
Zinc settled higher by 0.91% at Rs. 415, supported by a weaker US dollar, with the dollar index declining to 101.3, its lowest level in five weeks, amid changing political expectations following the Democratic sweep in the US midterm elections. Additional support stemmed from apprehensions regarding the constriction of mine supply, diminishing treatment charges, and Read More
Copper settled 1.91% lower at Rs. 1,365.40, as a decline in risk appetite, driven by renewed concerns over artificial intelligence spending and uncertainty surrounding tensions in the Middle East, exerted downward pressure on industrial metals. Sentiment was further influenced by China’s decision to increase the foreign exchange reserve requirement ratio for financial institutions by 2 Read More
Aluminium concluded the trading session with a 0.45% increase, reaching Rs. 331.30 per kg. This rise was bolstered by a reduction in inventories within warehouses monitored by the Shanghai Futures Exchange, which saw a decline of 10.3% from the previous Friday, totalling 212,858 tonnes. However, gains remained constrained by enduring concerns regarding a potential global Read More
Aluminium prices increased by 0.11% to close at Rs 329.80, bolstered by a significant drop in warehouse inventories on the Shanghai Futures Exchange, which decreased by 10.3% from the prior week to 212,858 tonnes. However, gains remained constrained due to a robust US dollar and apprehensions regarding a possible global supply surplus in 2027. Supply Read More
Zinc settled 1.86% lower at Rs. 409.45 as expectations of recovering Chinese mine production and improved concentrate availability raised prospects of easing supply tightness. However, the downside remained constrained by apprehensions regarding mine supply disruptions and shortages in Western markets. Near-term tightness was evident in the LME cash zinc premium over the three-month contract, which Read More
Copper settled higher by 0.88% at Rs 1,405.35, buoyed by enhancing sentiment surrounding artificial intelligence stocks and robust demand from China, although a stronger currency limited the extent of gains. China’s Yangshan copper import premium has reached a significant level, climbing to almost a 13-year high of $188 per tonne. This surge underscores robust demand Read More
Zinc settled 3.03% higher at Rs. 412.65, gaining Rs. 12.15, as falling inventories, elevated power prices and supply concerns supported market sentiment. The global refined zinc market shifted to a deficit of 3,900 tonnes in August from a surplus of 27,500 tonnes in July, according to the International Lead and Zinc Study Group. Shanghai Futures Read More
Aluminium concluded the trading session with a 1.44% increase, reaching Rs. 326.45. This uptick was bolstered by a decrease in global primary production and a reduction in inventories within warehouses monitored by the Shanghai Futures Exchange. Global primary aluminium production experienced a year-on-year decrease of 1.4%, totalling 6.014 million tonnes in September. Concurrently, inventories in Read More
Aluminium prices concluded at Rs 323.10, reflecting a decrease of 0.57%. This decline can be attributed to anticipations of increased global supply in 2027, which dampened market sentiment, even in the face of decreasing exchange inventories and ongoing tightness in the physical market. Emirates Global Aluminium has resumed operations at 631 of its 1,262 reduction Read More
Zinc settled 0.27% lower at Rs 423.1 as expectations of a global refined zinc surplus in 2027 weighed on sentiment; however, immediate supply tightness and declining Chinese inventories limited losses. LME cash contracts traded at a premium to three-month contracts, indicating tightness in near-term availability. Meanwhile, zinc inventories monitored by the Shanghai Futures Exchange decreased Read More
Copper settled 0.43% higher at Rs. 1,398.65, buoyed by increasing US inventories and an optimistic price outlook from Goldman Sachs, which elevated its end-2026 copper price forecast to $14,700 per tonne and its 2027 average forecast to $15,400 per tonne. The bank anticipates that the copper market will experience deficits of 950,000 tonnes outside the Read More
Copper settled 0.37% lower at Rs. 1,398.80 amid profit booking, diminished concerns regarding mine supply disruptions, a downturn in artificial intelligence stocks, and renewed inflation worries that heightened the probability of additional US interest rate hikes. In September, there was an acceleration in US consumer prices, which negatively impacted sentiment surrounding industrial metals. Conversely, a Read More
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
Copper settled up 0.78% at Rs 1,410.5 as diminishing expectations of a US Federal Reserve rate hike overshadowed the influence of a stronger dollar. Supply concerns have bolstered the bullish sentiment following a 12.8% year-on-year decline in Chilean copper production in August, which reached 369,500 tonnes-the lowest figure recorded since February 2011. Additionally, workers at Read More
Zinc settled lower by 1.03% at Rs 422.35 as a stronger US dollar and expectations of further Federal Reserve rate hikes to contain inflation pressured prices, while supply concerns limited the downside. Nyrstar announced a strategic review of its Dutch zinc smelting operations, raising concerns over future refined zinc availability. China’s zinc production contracted for 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
Zinc prices settled down 0.39% at Rs 434.1, influenced by elevated prices that weakened demand and discouraged buying in China. Additionally, expectations of increased Chinese export deliveries to the LME contributed to the downward pressure. The decline was also influenced by a sharp pullback in copper amid changing tariff expectations, which weighed on the broader Read More
Aluminium prices concluded at Rs 353.15, reflecting a 0.28% increase, bolstered by constrained physical availability and diminishing inventories on the Shanghai Futures Exchange. However, the supply outlook may enhance as numerous smelters recommence curtailed capacity and embark on expansion initiatives. The US-Iran conflict has significantly impacted aluminium supplies originating from the Gulf region, evidenced by 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
