Copper increased by 0.15% to close at Rs 1199.1, buoyed by a resurgence in buying interest as traders in mainland China resumed activities following the extended Lunar New Year holiday. Nonetheless, gains were limited due to renewed trade uncertainty following the U.S. Supreme Court’s decision to invalidate President Trump’s emergency tariffs, which led him to Read More
Natural gas increased by 2.17% to close at Rs 282.2, buoyed by near-record levels of LNG export flows and revised forecasts indicating colder weather and heightened heating demand in the forthcoming two weeks. In February, the average flows to eight U.S. LNG export facilities reached 18.6 bcfd, nearing the record levels observed in December, thereby Read More
Aluminium prices experienced a modest increase yesterday, closing up 0.35% at Rs 317.6, bolstered by supply-side apprehensions following China’s attainment of the government-mandated production capacity limit. Despite a significant increase of 29.2% in inventories at Shanghai Futures Exchange warehouses compared to the previous week, the downside appears constrained as overarching global fundamentals indicate a persistent Read More
Crude oil prices experienced a slight decline yesterday, with the benchmark closing down 0.5% at Rs 5,422. This movement can be attributed to the recent easing of civil unrest in Iran, which has diminished the likelihood of a U.S. military response that might have threatened the stability of Middle Eastern supply chains. Decreased geopolitical risk Read More
Natural gas prices concluded the trading session at Rs 280.4, reflecting a decline of 0.95%, influenced by storage data that suggests a more relaxed balance between supply and demand. U.S. gas inventories experienced a decline of 71 bcf in the most recent week, falling short of market expectations which anticipated a draw of 90 bcf. Read More
