Aluminium saw a little decrease, finishing at 201.8, down -0.12%, as a result of the restart of production and power supplies at an Inner Mongolian aluminium smelter. Concerns about supply disruptions in China and abroad were allayed when Yunnan and other locations saw an improvement in power supply, which in turn led to stable production…
Due to a number of variables, including China’s substantial increase in unwrought aluminium imports in 2023, aluminium prices saw a decrease of -1.17% yesterday, ultimately finishing at 202.5. China’s yearly imports more than doubled to 1.54 million metric tones, the second-highest amount since the century’s beginning and just shy of the record set in 2021….
Zinc saw a -1.08% drop, closing at 225.2, as news suggesting a slowdown in Chinese manufacturing activity put pressure on prices. The official NBS Manufacturing PMI for China increased somewhat to 49.2 in January 2024, but this is the fourth month in a row that factory activity has decreased due to issues like property fragility,…
Zinc prices fell -0.91% to settle at 228.45 in December as a result of China’s official PMI dropping to 49 from the previous month, which heightened expectations of further government support. With expectations of early interest rate reductions by major central banks and a more complete economic recovery in China, the world’s largest zinc consumer,…
Due to a lack of signals on both the domestic and international fronts, the rupee’s volatility is still modest. In the domestic arena, the rupee was sustained and its gains throughout the intraday session were reinforced by flows relating to the initial public offering. Simultaneously, the rupee received assistance from the dollar index’s decline. The…
A slight increase of 0.11% in zinc prices was recorded as a result of mounting worries about supply interruptions. These worries have been raised by reports of a fire at the Russian Ozernoye mine project and by the recent halting of mining operations. A fire is said to have occurred at the Russian mine, which…
Aluminium fell -0.38% to settle at 208.4, with the main concern being the forecast for demand in China. Beijing intends to add CNY 1 trillion in debt to boost infrastructure development and industry. However, questions about the impact of these investments on output were raised by PMI data that showed a decline in China’s manufacturing…
Following the US dollar’s strength versus key international rivals and persistent outflows of foreign money, the rupee fell 9 paise to settle at an all-time low of 83.33 (provisional) against the US dollar on Wednesday. Furthermore, rising crude oil prices and a downward trend in US stocks combined with geopolitical unpredictability in the Middle East…
On Tuesday, the rupee lost 15 paisa to settle at 83.21 (provisional) against the US dollar as poor domestic equities and a strong US dollar dampened investor optimism. Forex traders claimed that the rupee was under pressure to fall due to subdued domestic macroeconomic indicators and ongoing FII withdrawals. The local currency started out at…
According to the S&P Global Purchasing Managers’ Index (PMI), India’s manufacturing activity climbed at the slowest rate in five months in September, but it remained strong, with strong demand lifting business confidence to its highest level this year, despite heightened inflationary pressures. S&P Global’s Manufacturing Purchasing Managers’ Index (PMI) was 57.5 in September as opposed…
