ShreeMetalPrices: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 3,000
Hindalco Aluminium Increases it’s Product Prices By INR 3,000/-MT on 18-April-2023 Hindalco Aluminium Ingot Prices Increases By INR 3,000/-MT today which comes at INR 226,250/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 3,000/-MT today which comes at INR 238,250/-MT. Hindalco Aluminium Billet Prices Increases By INR 3,000/-MT today which comes at INR 240,350/-MT […]
ShreeMetalPrices: INE stated Spain inflation rate 3.3% in march, while weakest level since Aug 2021.
The National Institute of Statistics (INE) reported that the annual inflation rate in Spain was 3.3% in March. The weakest level since Aug 2021. Nevertheless, the cost of food & drinks (non-alcoholic) has been rising. With a 16.5% rise recorded in March, primarily as a result of increases in the price of meat & vegetables, according to […]
ShreeMetalPrices: Fitch Ratings Chile may increase tax on copper producers by 5 pp
According to Fitch Ratings, Chile may increase the tax burden on copper producers by around 5 pp without materially harming the industry or affecting its competing. Alejandra Fernandez, a director at Fitch Ratings who covers the mining sector in Latin America, stated in a conversation. “I don’t think it would have an impact if the tax […]
ShreeMetalPrices: ECB Should raise rates again in May, Wunsch says
In an effort to combat persistent inflation, the European Central Bank (ECB) has accelerated rate increases and reduced its massive balance sheet in the hopes that higher borrowing costs will stymie demand and bring inflation under control. A member of the ECB’s Council of Governors named Wunsch told on the eve of the International Monetary […]
ShreeMetalPrices: Oil prices inches up by China travel hopes, OPEC+ Surprise Production cuts
Oil prices increased modestly in early Asian trading on Friday as tightened supplies and a weaker dollar helped markets ignore an OPEC warning about future headwinds. Crude is now on track to have its fourth consecutive positive week. According to data released on Thursday, China’s oil imports increased by almost 22% in March to reach […]
ShreeMetalPrices: Gold shines as inflation eases but rising US Recession Fears
The Federal Reserve could cease raising interest rates earlier than expected, according to softer-than-expected U.S. inflation data. Which led to higher gold prices in Asian trading on Thursday. Growing recessionary fears also encouraged safe-haven buying. This week, the price of the yellow metal rose past $2,000, and it is now just $50 short of a […]
ShreeMetalPrices: Recession, inflation Fears Rises after OPEC+ Announces Cut in Oil Production
The United States found itself acting as a peacemaker just 3 years ago when the oil tycoons in OPEC+ broke up. It now appears to be their intended aim. – US RecessionThe United States economy and even President Joe Biden’s re-election campaign might be severely harmed by the Saudi-Russian oil alliance. The decision by OPEC+ […]
ShreeMetalPrices: Gold Prices holds $2,000 as US Show Signs Of Slowness
Gold dipped on Monday after solid US job data revived expectations for another interest rate increase and boosted dollar. But lingering economic uncertainties maintained safe-haven metal at 2000 dollar per ounce. – Gold Prices By 1040 GMT, spot gold had decreased by 0.3 percent to 2000 dollar an ounce. While United States gold futures delivery […]
ShreeMetalPrices: Iron ore price extends losses over slow China’s steel demand
Iron ore prices fell as a result of weak Chinese steel demand statistics.According to data from consultancy Mysteel, the production of building steel products, such as rebar and wire rod, decreased by 1.05 percent week over week to 4.23 million tonnes in the week ending Apr 6, while the evident demand for both decreased by […]