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
Copper prices experienced a decline of 2.92%, settling at Rs 1,336.15. This drop reflects a weakening risk sentiment in the industrial metals sector, driven by renewed concerns about inflation and diminishing optimism regarding a potential peace agreement between the US and Iran. The decline was also reflected in physical market indicators, with the Yangshan copper Read More
Copper prices increased by 1.26% to close at Rs 1,365.8, bolstered by apprehensions regarding constricting global supply conditions and revised price projections from leading investment banks. Market sentiment showed signs of improvement following Goldman Sachs’ upward revision of its end-2026 copper price forecast to $13,735 per metric tonne. This adjustment was attributed to a decline Read More
Zinc prices experienced a decline of 0.68%, settling at Rs 365.05, as investor sentiment remained cautious in anticipation of further developments concerning a potential extension of the Iran ceasefire agreement. A firmer U.S. dollar exerted downward pressure on sentiment, rendering base metals less appealing to international purchasers. Additional pressure arose from a 0.7% rise in Read More
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
