ShreeMetalPrices: Oil & Commodities Steadies Hopes on China’s & U.S. Data
The oil industry has been waiting for data to confirm that China is purchasing crude as never before since COVID restrictions were lifted in the top crude importer in the world about 4 weeks ago. Investors will get a first impression of how China’s economic reopening is doing based on the PMI statistics released on […]
ShreeMetalPrices: HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 5,500/-
Hindalco Aluminium Decreases it’s Product Prices By INR 5,500/-MT on 24-February-2023 Hindalco Aluminium Ingot Prices Decreases By INR 5,500/-MT today which comes at INR 225,750/-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 5,500/-MT today which comes at INR 236,850/-MT. Hindalco Aluminium Billet Prices Decreases By INR 5,500/-MT today which comes at INR 239,850/-MT […]
ShreeMetalPrices: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 3,750/-
Hindalco Aluminium Increases it’s Product Prices By INR 3,750/-MT on 22-February-2023 Hindalco Aluminium Ingot Prices Increases By INR 3,750/-MT today which comes at INR 231,250/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 3,750/-MT today which comes at INR 242,350/-MT. Hindalco Aluminium Billet Prices Increases By INR 3,750/-MT today which comes at INR 245,350 […]
ShreeMetalPrices: Copper Prices Regain; Reaches a 6-Month High – China’s opens its border
The copper prices went up to the more then 6 month high on Monday on demand forecasts improved following China’s reopening of its borders. On Comex exchange in New York, copper on delivery for March increased by 3%, reaching $4.03 a pound or $8,866 per metric ton. At $8,710 earlier in the day, 3-Month copper […]
ShreeMetalPrices: Copper Rises as Inventories Fall & China’s COVID-19 Curbs Weigh.
Due to low inventories, copper prices increased a little bit on Tuesday, although gains were restrain by China’s desire to uphold its stringent zero-COVID policy. As of 0755 GMT, the most traded December copper contract on the (SHFE) Shanghai Futures Exchange was up by 0.3% at 65,780 yuan ($9,061.11) a metric tonl. While the 3 […]
ShreeMetalPrices: Copper is approaching a prolonged shortage as demand exceeds supply.
By an end of this decade, according to BHP’s CEO, the metal industry may be in deficit.The world’s biggest miner predicts that by the end of this decade. The copper market could be in deficit as the energy revolution quickens and the metal has become more difficult to mine. The threat is there will be […]
ShreeMetalPrices: Copper Prices are Falling as Supply Concerns Outweigh Demand worries.
On Monday, copper prices failed to gain traction as global supply concerns offset demand uncertainty caused by growth slowdown concerns. And China’s stance on Covid-19 restrictions.On the Comex market in New York, copper for December delivery fell 0.05% to $3.42 per pound ($7,524 per metric ton). In the Shanghai Futures Exchange, its most-traded November copper […]