ShreeMetalPrices: Gold sees strong gains amid banking turmoil sprints as a safe haven
Early on Friday in Asian trading. Gold price remained unchanged and on track to enjoy their best weekin two months as demand for safe haven assets increased because of worries about a potential banking crisis. Gold price also benefited from skepticism regarding the Federal Reserve’s ability to continue raising interest rates in light of the […]
ShreeMetalPrices: India waits for lower Oil & LNG prices
State-run oil & gas businesses have chosen a wait-and-watch strategy in prediction of more price easing amid a turbulent energy market and supply concerns. These companies are currently in negotiations with gas producers worldwide for long-term liquefied natural gases (LNG) contracts. A person with knowledge of the proceedings stated that although the negotiations had been […]
ShreeMetalPrices: BOJ Governor Kuroda Sticks With Easing policy rates & maintains yield curve control
The Bank of Japan (BOJ) kept interest rates at historic lows on Friday. And said that it would maintain its present pace of yield curve management as it navigates a leadership transition. And contends with a severe recession in the Japanese economy. Both the short & long policy interest rates were maintaine by the central […]
ShreeMetalPrices: UK Might Avoid Recession This Year, Economy Still Poised to Slow Recovery: BCC
The British Chambers of Commerce (BCC) said on Wednesday that the nation’s economy is on pace to contract less than anticipated this year. And avoid the two consecutive quarters of negative growth that signify a technical recession. – uk The more optimistic perspective coincided with recent improvements in consumer confidence statistics and purchasing managers’ index […]
ShreeMetalPrices: China’s commodity imports justifies mixed picture of future hope & slow reviving
China’s imports of major commodities demonstrated both the possibility of an increase in 2023. And the fact that economic momentum needs time to develop. For the first 2 months of 2023, official customs statistics from the largest commodity importer in the world revealed a mixed picture, with strength in coal & iron ore being offset […]
ShreeMetalPrices: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 4,750/-
Hindalco Aluminium Increases it’s Product Prices By INR 4,750/-MT on 02-March-2023 Hindalco Aluminium Ingot Prices Increases By INR 4,750/-MT today which comes at INR 224,750/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 4,750/-MT today which comes at INR 235,850/-MT. Hindalco Aluminium Billet Prices Increases By INR 4,750/-MT today which comes at INR 238,850/-MT […]
ShreeMetalPrices: China Accelerating wind & Solar energy Generation, increased its supply of renewable energy
China has been the world’s biggest and most rapidly expanding manufacturer of renewable energy for some more than ten years. However since 2021, a sharp acceleration in the expansion of wind capacity has helped it increase its edge over rivals internationally. According to research from think tank Ember, China. The world’s second-largest industry for wind […]
ShreeMetalPrices: US Targets Russian Metals, Primarily Aluminium With 200% Duties Imposed
The U.S. has expanded its economic sanctions against Russia to include the mining and metals industries. Aluminium would be struck the hardest, with 200% duties imposed on Russian metal imports beginning from March 10 and on any 3rd-country product incorporating Russian metal from Apr 10. Other metal import duties, including those on copper, lead, and […]
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: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 4,500/-
Hindalco Aluminium Increases it’s Product Prices By INR 4,500/-MT on 21-February-2023 Hindalco Aluminium Ingot Prices Increases By INR 4,500/-MT today which comes at INR 227,500/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 4,500/-MT today which comes at INR 238,600/-MT. Hindalco Aluminium Billet Prices Increases By INR 4,500/-MT today which comes at INR 241,600/-MT […]