Zinc settled 1.04% higher at Rs 429.05, while LME zinc prices surpassed $4,000 per tonne for the first time since 2022, reflecting considerable supply pressures in the market. Production disruptions at several mines, including those in China, coupled with restricted Iranian ore shipments due to heightened tensions in the Middle East, have raised concerns regarding Read More
Aluminium concluded the trading session with a 0.53% increase, reaching Rs 349.45. This rise was underpinned by a reduction in physical availability and apprehensions regarding supply, as evidenced by the cash-to-three-month spread transitioning into slight backwardation, indicating stronger immediate demand and limited supplies. Aluminium inventories at the Shanghai Futures Exchange experienced a decline of 6.8% Read More
Zinc settled 0.27% higher at Rs 414.85, supported by growing concerns over supply constraints. However, the extent of the gains was curtailed as renewed hostilities in the Middle East led to a rise in oil prices, thereby reigniting inflationary pressures. LME zinc cancelled warrants reached 30,875 tonnes, marking the highest level in over a year, Read More
Copper fell 1.24% to Rs 1,372.4 as industrial metals were impacted by a worldwide bond selloff, a stronger U.S. currency, and rising tensions in the Middle East. Hawkish comments from U.S. Federal Reserve Chairman Kevin Warsh at the Jackson Hole symposium intensified pressure, as he suggested that the Fed might need to increase interest rates Read More
Copper settled marginally lower by 0.22% at Rs 1,391.35 as profit booking emerged following Federal Reserve Chair Kevin Warsh’s more hawkish tone, which bolstered expectations of a potential rate hike next month and exerted pressure on risk-sensitive industrial metals. However, the downside remained constrained as the tightening of exchange inventories heightened concerns regarding the near-term Read More
Aluminium concluded the trading session with minimal movement, rising by 0.01% to Rs 344.4. This stability was influenced by China’s commitment to implement fiscal policy measures aimed at bolstering economic growth, which counterbalanced the anticipation of enhanced production in the Middle East and ongoing supply availability. China’s Q2 GDP growth decelerated to 4.3%, heightening anticipations Read More
Zinc settled sharply higher by 3.05% at Rs 424.7, bolstered by tightening supplies outside China, a decrease in LME inventories, and apprehensions regarding possible production disruptions in China. LME zinc stocks have decreased by 25% since mid-June, now totalling 93,250 tonnes. Concurrently, the premium of LME cash zinc over three-month zinc has risen to $132 Read More
Copper settled marginally lower by 0.03% at Rs 1,371.7, as increasing LME inventories alleviated supply concerns, counterbalancing the support derived from a significant decline in the dollar. LME copper stocks rose by an additional 12,425 tonnes, reaching a total of 235,975 tonnes. This marks an 11% increase from the previous week; however, it remains 40% Read More
Zinc settled 0.31% higher at Rs 400.85, bolstered by tightening supply, production disruptions, and declining LME inventories. However, elevated prices continued to restrain demand in the leading consumer, China. Heavy rainfall and flooding in various regions of China pose a risk to mining and smelting activities. Production modifications at a mine in Southwest China are Read More
Aluminium prices concluded the trading session down by 1.73% at Rs 346.80, influenced by enhanced supply expectations from the Middle East and the anticipated restoration of smelting capacity affected by conflict, which alleviated fears of regional shortages. This occurred in the context of stalled peace talks between the U.S. and Iran, alongside ongoing threats to Read More
Zinc settled 0.56% higher at Rs 395.55, bolstered by constrained mine supply, diminishing overseas inventories, and robust LME calendar spreads, which persistently indicate short-term market tightness. LME zinc inventories decreased to 95,000 tonnes, with cancelled warrants holding steady at a quarterly high, while on-warrant stocks dipped below critical thresholds, heightening the risk of a possible Read More
Aluminium prices concluded the session with a 1.51% increase, reaching Rs 355.85, bolstered by diminishing exchange inventories and apprehensions regarding potential supply disruptions. LME aluminium inventories decreased to 254,900 tonnes, marking the lowest level this century, while stocks on the Shanghai Futures Exchange saw a reduction of 13,000 tonnes last week. Supply concerns intensified following Read More
Copper settled lower by 0.76% at Rs 1,365.5, influenced by a 1.1% increase in Shanghai Futures Exchange warehouse inventories and a decline in Chinese manufacturing activity. China’s July manufacturing activity has decelerated to a four-month low, as the Politburo indicated a preference for existing policy measures over broad-based stimulus. This development has heightened concerns regarding Read More
Aluminium prices increased by 0.41% to close at Rs 346.2, buoyed by constricting global supply dynamics and apprehensions regarding possible production interruptions. The market gained momentum from a 6.7% year-on-year decrease in aluminium production outside China in July, primarily attributed to reduced operating rates at various smelters in the Middle East. Additional support emerged as Read More
Copper prices concluded the trading session with a 1.32% increase, reaching Rs 1,365. This rise was underpinned by a reduction in global inventories and a favourable outlook for near-term supply fundamentals, even as global demand indicators presented a mixed picture. Market sentiment remained positive as declining stocks in warehouses highlighted tightening availability outside the United Read More
Zinc futures concluded the trading session with a 0.57% increase, reaching Rs 386. This uptick was bolstered by diminishing worries regarding global economic growth, as a decline in crude oil prices alleviated inflationary pressures. Furthermore, supply-side uncertainties in China contributed additional support to the market. Significant rainfall and flooding in various regions of China have Read More
Aluminium prices edged higher by 0.29% to settle at Rs 341.35, supported by ongoing supply concerns and historically low inventories in London Metal Exchange warehouses. LME aluminium stocks declined further to 267,800 tonnes, the lowest level recorded this century, reinforcing concerns over near-term metal availability. Additional support came after Alcoa reduced its 2026 alumina production Read More
Aluminium prices concluded at Rs 340.35, reflecting a 0.62% increase, bolstered by escalating geopolitical tensions between the United States and Iran. This situation has tempered expectations regarding the resumption of Middle Eastern aluminium smelters and heightened apprehensions about global supply availability. Additional support emerged from a depreciating U.S. dollar following the Federal Reserve’s decision to Read More
Copper prices settled 0.12% lower at Rs 1,322.8 as investors exhibited caution in anticipation of the US Federal Reserve’s policy decision. Additionally, indications of alleviating supply tightness in China contributed to the prevailing market sentiment. The Yangshan copper premium held firm at $112 per tonne, a slight decrease from the previous week’s $115, which marked Read More
Zinc prices declined 0.78% to settle at Rs 376.75, influenced by a stronger U.S. dollar and rising expectations of a Federal Reserve interest rate hike, which may dampen demand for industrial metals. Investor sentiment exhibited a degree of caution in anticipation of the Fed’s policy decision, although losses were somewhat mitigated by the tightening of Read More
