Copper prices concluded the session with a slight decline of 0.01%, settling at Rs 1,311.75, as investors weighed the impact of lacklustre macroeconomic indicators from China against the backdrop of milder inflation figures from the United States. China’s economic growth has decelerated to a three-and-a-half-year low, falling short of market expectations as subdued domestic demand Read More
Copper prices advanced 1.20% to settle at Rs 1,311.9, buoyed by improving demand signals from China, tightening global inventories, and ongoing supply concerns. Geopolitical tensions in the Middle East have positively influenced sentiment, as renewed attacks involving the United States and Iran have intensified concerns regarding potential disruptions to global trade via the Strait of Read More
Aluminium prices increased by 0.40%, concluding at Rs 339.80, bolstered by persistent supply concerns and the contraction of exchange inventories. Visible aluminium stocks in LME-registered warehouses have reached their lowest level since 2022, while inventories at the Shanghai Futures Exchange have decreased by 4.8%, underscoring robust physical demand. Renewed geopolitical uncertainty following fresh U.S. strikes Read More
Aluminium prices fell by 1.6%, closing at Rs 338.45, influenced by enhanced supply outlooks following the resumption of operations at Emirates Global Aluminium’s Al Taweelah alumina refinery after a three-and-a-half-month shutdown. The company anticipates that production will achieve 50% of capacity within a matter of days and expects to restore full operational capability by year-end, Read More
Zinc prices advanced 1.93% to settle at Rs 375.9, bolstered by constricting near-term supply conditions and a resurgence in manufacturing activity across major economies. A more robust manufacturing outlook from China, Europe, and the United States has enhanced sentiment for industrial metals. Concurrently, supply disruptions at critical mining and smelting operations have sustained prices, even Read More
Copper prices experienced a decline of 0.62%, settling at Rs 1,268.1. This movement can be attributed to the intensification of geopolitical tensions in the Middle East, which in turn bolstered the U.S. dollar and heightened apprehensions regarding global manufacturing activity. Renewed hostilities between the United States and Iran, coupled with stricter limitations on Iranian energy Read More
Aluminium prices increased by 0.24% to close at Rs 333.25, bolstered by worries regarding possible supply interruptions in the Middle East and a decrease in global inventories. Market sentiment exhibited a degree of caution following reports of a vessel being hit in the Strait of Hormuz. Concurrently, Iran asserted that peace negotiations with the United Read More
Copper prices increased by 0.20% to close at Rs 1,287.4, buoyed by constricting global supply dynamics and ongoing reductions in inventory levels at key metal exchanges. However, gains remained constrained as investors exhibited caution regarding the uncertainty surrounding U.S. monetary policy and the potential imposition of import tariffs on refined copper. Market participants remained vigilant Read More
Zinc prices concluded the trading session with a 1.92% increase, reaching Rs 366.65. This uptick was bolstered by a resurgence in global manufacturing activity and a tightening of supply conditions in the near term. Manufacturing data from China, Europe, and the United States indicated continued expansion despite elevated input costs, reinforcing expectations for steady industrial Read More
Aluminium prices experienced a decrease of 0.30%, concluding at Rs 328.20, influenced by anticipations of enhanced global supply subsequent to previous disruptions stemming from the Iran conflict. Market sentiment showed signs of deterioration following the announcement from Emirates Global Aluminium regarding the quicker-than-anticipated recovery of production at its Al Taweelah complex. However, it is noted Read More
Zinc prices advanced 1.63% to settle at Rs 364.2, buoyed by short covering and ongoing apprehensions regarding constricting mine supply. Zinc remained the sole base metal on the London Metal Exchange to conclude June with its forward curve in backwardation, indicative of constrained near-term availability. Supply disruptions at major mining and smelting operations persisted, supporting Read More
Aluminium prices experienced a decline of 1.07%, concluding at Rs 329.35, as the alleviation of geopolitical tensions between the US and Iran mitigated worries regarding potential supply disruptions from the Middle East. Market sentiment improved following the agreement between both countries to resume discussions regarding the Strait of Hormuz in Qatar, which alleviated concerns about Read More
Copper prices concluded the session with a 0.40% increase, reaching Rs 1,266.65. This uptick was bolstered by a reduction in exchange inventories and a more favourable medium-term supply outlook, although the extent of the gains was limited by a reduction in geopolitical tensions. LME copper stocks declined to 339,100 metric tonnes, marking their lowest level Read More
Zinc prices experienced a decline of 2.39%, settling at Rs 353.7. This decrease was influenced by a stronger U.S. dollar, as investors raised their expectations for additional rate hikes by the Federal Reserve. The dollar ascended to a 13-month peak, diminishing the attractiveness of industrial metals and exerting pressure on the overall sentiment surrounding commodities. Read More
Aluminium prices experienced a decline of 2.57%, settling at Rs 345.25, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions. Market sentiment deteriorated after the United States provided Iran with a 60-day sanctions waiver in the wake of preliminary peace negotiations, enhancing expectations for a gradual normalisation of Read More
Copper prices concluded the trading session with a 0.44% increase, reaching Rs 1,315.3. This uptick was bolstered by a decline in energy costs and a favourable outlook for global manufacturing demand. The decline in crude oil prices followed encouraging developments in U.S.-Iran negotiations, with both sides signalling progress toward restoring trade and energy flows through Read More
Zinc prices experienced a decline of 1.13%, settling at Rs 366.5, influenced by the strengthening of the U.S. dollar following the postponement of peace talks between the United States and Iran. The dollar climbed to a one-year high as uncertainty surrounding Middle East tensions increased following Switzerland’s confirmation that negotiations between U.S. and Iranian officials Read More
Aluminium prices experienced a decrease of 0.49%, concluding at Rs 356.9, as the alleviation of geopolitical tensions diminished worries regarding potential supply disruptions from the Middle East. Market sentiment deteriorated following the signing of an interim peace agreement between the United States and Iran, which seeks to conclude hostilities and facilitate the reopening of the Read More
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
