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
Zinc prices experienced a decline of -1.3%, concluding at Rs 341.8, influenced by reports that Swedish miner Boliden intends to recommence production at its Garpenberg mine in the second quarter, thereby alleviating certain supply apprehensions. Nonetheless, losses were contained as short-term supply constraints persist, supporting the market due to limited availability of raw materials. Fundamentally, Read More
Aluminium prices increased by 0.41% to close at Rs 375.7, bolstered by rising supply concerns associated with ongoing disruptions in the Strait of Hormuz. The extended geopolitical conflict has markedly affected production in the Middle East, with reports indicating damage to essential refineries in the UAE and Bahrain, thereby heightening concerns over a prolonged supply Read More
Copper prices rose by 0.07% to settle at Rs 1293.35, supported by constricting near-term supply dynamics as global smelters engage in a focused maintenance period during the second quarter. The seasonal disruption, coupled with declining inventories in essential exchanges, has provided fundamental backing to prices. Moreover, the restocking initiatives in China ahead of the Labor Read More
Zinc prices experienced a modest decline, closing down by 0.39% at Rs 348.1, influenced by uncertainty surrounding the Iran ceasefire and prevailing geopolitical tensions that affected market sentiment. Despite the decline, the underlying fundamentals continue to provide a degree of support, mitigating the risk of a significant downturn. Tightening conditions on the supply front continue Read More
Zinc prices increased by 1.75%, concluding at Rs 349.45, buoyed by a more favorable outlook regarding U.S.-Iran ceasefire developments following the declaration of an indefinite extension. This alleviated short-term geopolitical anxieties while maintaining a risk premium. Further backing was provided by the constriction of supply dynamics, as LME inventories fell to a one-month low, and Read More
Copper prices experienced a modest decline of 0.34%, concluding at Rs 1,265.05, as market participants exercised caution in anticipation of possible U.S.–Iran peace negotiations and critical indications from the Federal Reserve regarding interest rate adjustments. The Yangshan premium, indicative of China’s import demand, held steady at $69 per ton, suggesting persistent support even as it Read More
Aluminium increased by 0.43% to close at Rs 365, bolstered by fresh worries regarding supply interruptions from the Persian Gulf, a region responsible for nearly 9% of global production. Tensions have intensified following Iran’s recent closure of the Strait of Hormuz, which occurred shortly after it had been reopened, with the country attributing this move Read More
Zinc prices experienced a modest decline of 0.34%, closing at Rs 339.1, primarily attributed to profit-taking following recent increases. Nonetheless, the downside was constrained, as the positive sentiment surrounding the Strait of Hormuz—remaining accessible throughout the ceasefire—contributed to alleviating supply worries and bolstered industrial activity. The resurgence of China’s factory sector into expansion has positively Read More
Copper prices increased by 0.31% to close at Rs 1,273, primarily driven by apprehensions regarding potential supply disruptions. Shortages of sulphur—an essential input in metal processing—stemming from tensions in the Middle East, have contributed to the prevailing bullish sentiment. Sentiment showed an uptick amid expectations of renewed discussions between the U.S. and Iran, as Donald Read More
Aluminium prices experienced a decline of 0.5%, closing at Rs 366.9, primarily attributed to profit-taking following the recent significant rally spurred by geopolitical tensions in the Middle East. The U.S. decision to implement a maritime blockade on Iran sparked initial apprehensions regarding potential supply disruptions; however, the market exhibited a degree of stabilization as traders Read More
Copper prices increased by 1.44%, closing at Rs 1,210.15, primarily driven by a significant decline in inventories at the Shanghai Futures Exchange, which decreased by 11.5% over the past week. The downturn in equities suggests a strengthening of near-term demand, despite the prevailing caution in global markets. Market participants are meticulously observing the dynamics of Read More
Zinc prices increased by 0.72% to close at Rs 330.85, buoyed by positive industrial indicators and short-term supply constraints. China’s factory activity returning to expansion in March contributed to an uplift in demand expectations, while the decline in inventories at the Shanghai Futures Exchange and persistent mine disruptions provided additional support to prices. Nonetheless, gains Read More
Aluminium prices experienced a modest decline of 0.25%, concluding at Rs 354.85, influenced by increasing inventories in China that dampened market sentiment. Stocks in Shanghai Futures Exchange warehouses have been on a consistent upward trajectory, approaching levels not seen in nearly six years. This trend indicates a decline in demand and a more measured approach Read More
Copper prices experienced a decline of 0.17%, concluding at Rs 1,159.55, reflecting a cautious market sentiment influenced by persistent geopolitical tensions and macroeconomic uncertainty. Market participants are attentively monitoring the situation following U.S. President Donald Trump’s ultimatum regarding Iran, as the absence of a definitive timeline for resolution has heightened apprehensions about global economic growth. Read More
