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
