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
Aluminium experienced a decline of 0.45%, settling at Rs 341.9, as the easing of geopolitical tensions in the Middle East alleviated concerns regarding potential supply disruptions following the cessation of hostilities between the United States and Iran. The prospect of shipping resuming through the Strait of Hormuz exerted downward pressure on prices, while the restart Read More
Aluminium prices concluded the trading session nearly flat, declining by 0.01% to close at Rs 346.45. This slight decrease followed a wave of profit-taking after recent increases, influenced by a robust U.S. dollar and heightened anticipations of a more stringent Federal Reserve policy. The U.S. dollar index reached a three-week peak as rising tensions in Read More
Aluminium prices concluded the session at Rs 341.05, reflecting a decline of 0.55%. This decrease was influenced by resurfacing inflation worries, as escalating geopolitical tensions in the Middle East drove crude oil prices higher, thereby strengthening the outlook for prolonged elevated global interest rates. However, the downside remained constrained as supply-side risks continued to bolster 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
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
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
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
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
Zinc prices settled lower by 0.42% at Rs 371.75, influenced by concerns regarding a prolonged higher interest rate environment in the United States and the improving prospects for a diplomatic resolution between Washington and Tehran, which negatively impacted sentiment across the base metals complex. Stronger-than-expected U.S. economic data, particularly higher job openings and robust private Read More
Zinc prices concluded the trading session with an increase of 0.68%, reaching Rs 369.95. This rise is attributed to the constricting global supply dynamics, which have been influenced by recent interruptions at key zinc processing plants. Market sentiment improved following Nexa Resources’ decision to temporarily halt operations at its Cajamarquilla zinc smelter in Peru, the Read More
Zinc prices concluded the trading session down by 0.8% at Rs 367.45, influenced by profit-taking activities. This decline occurred against a backdrop of renewed uncertainty regarding the Iran conflict, which has led to an uptick in crude oil prices and reignited inflation concerns across global markets. Investors exhibited a degree of caution concerning the overarching Read More
Zinc prices saw a modest rise of 0.14%, finishing at Rs 348.2, as falling energy prices enhanced sentiment in the industrial metals sector and eased concerns about a potential slowdown in global economic growth. The market maintained its momentum, supported by tightening near-term supply conditions, as the global zinc deficit remains one of the most Read More
Zinc prices experienced a modest decline, closing down by 0.39% at Rs 348.1, influenced by uncertainty surrounding the Iran ceasefire and prevailing geopolitical tensions that affected market sentiment. Despite the decline, the underlying fundamentals continue to provide a degree of support, mitigating the risk of a significant downturn. Tightening conditions on the supply front continue Read More
