Natural gas prices experienced a significant decline of 2.31%, concluding at Rs 329.5. This downturn was largely influenced by forecasts of warmer weather for the initial half of January, which diminished expectations for near-term heating demand. Although meteorologists continue to forecast colder conditions extending through mid-January, with Heating Degree Days surpassing seasonal averages, the short-term Read More
Zinc prices experienced a slight decline, closing down by 0.44% at Rs 307.65, as profit-taking occurred following a recent surge fueled by speculative purchasing amid worries about tightening supply. The correction occurred notwithstanding new signs of supply-side limitations in China, where a central zinc mine is poised for routine maintenance, leading to a decrease in Read More
Copper prices experienced a significant correction, closing down by 3.55% at Rs 1,232.6, as traders took the opportunity to realize profits following recent record highs. The decline occurred notwithstanding a generally favorable macroeconomic and structural environment. The US economy experienced its most rapid growth in two years in the third quarter, propelled by robust consumer Read More
Zinc prices continued their upward trajectory, closing with an increase of 2.59% at Rs 312.95. This rise was bolstered by limited year-end trading activity, speculative purchasing, and a depreciating US dollar, all amidst apprehensions regarding tightening supply conditions. Planned maintenance shutdowns at zinc mines in Central and Southwest China are anticipated to provide additional support Read More
