Today Copper Prices: Market Dynamics and Future Outlook
Copper prices fell by 0.61%, settling at ₹809.45 today, as profit booking followed recent gains spurred by hopes of a potential stimulus from China and a significant U.S. interest rate cut.The Federal Reserve’s aggressive monetary easing, with a half-percentage point rate reduction, has bolstered expectations of improved global demand, which previously supported copper prices. Despite […]
Gold Prices in India Hold Steady Amid Global Market Fluctuations: September 19, 2024
Gold prices in India remained relatively flat today, reflecting a cautious global market. Asian trade saw minimal movement in gold prices, with spot gold rising 0.1% to $2,561.30 per ounce, while gold futures for December fell by 0.5% to $2,585.65 per ounce. This decline was mainly driven by a stronger U.S. dollar following less dovish […]
Scrap Metal Prices Shift Amid Market Flux: Latest Rates for September 18, 2024
Today’s scrap metal market reflects ongoing volatility, with slight fluctuations in prices driven by both global and local market forces. Tracking these daily movements helps traders and manufacturers stay competitive. KEY UPDATES ON MCX: MARKET INSIGHTS: Scrap metal prices fluctuate based on several factors, including global trade policies, recycling rates, and regional demand. With continuous […]
Metal Scrap Rate Today: September 17, 2024 – Latest Price Movements and Market Drivers
Monitoring the metal scrap rate today is essential for making smart trading decisions. As of September 17, 2024, metal scrap prices have shown subtle fluctuations driven by key market factors. Whether you’re a seller or buyer, knowing the latest prices helps you stay ahead. Current Metal Scrap Prices: Key Factors Affecting Metal Scrap Prices: Market […]
Metal Scrap Rate Today: September 16, 2024 – Latest Updates and Market Trends
Staying updated on the metal scrap rate today is essential for maximizing profits in the scrap metal business. The prices of metals like steel, copper, and aluminium fluctuate based on global demand, supply, and market trends. As of September 16, 2024, here are the latest metal scrap rates: Current Metal Scrap Prices: Factors Affecting the […]
Indian Steel Industry to Experience 9-10% Growth in FY2025, Says ICRA
The Indian Steel Industry is poised for a robust growth trajectory, with domestic steel consumption expected to rise by 9-10% in the financial year 2025, according to ICRA’s recent statement. This projection highlights a positive outlook for the industry despite global market fluctuations. Strong Performance in Q1: In the first quarter of the current financial […]
Current Metal Scrap Rates: A Comprehensive Update
The global demand for metal scrap is driving price fluctuations, making it essential for businesses to stay updated. Current Metal scrap rates vary based on types like ferrous (iron and steel) and non-ferrous (copper, aluminium, and zinc) materials. These prices are influenced by factors such as market demand, production costs, and international trade dynamics. Key […]
Today’s Metal Scrap Rates for Copper and Aluminium: What You Need to Know
Keeping track of today’s metal scrap rates for copper and aluminium is crucial for both sellers and buyers in the recycling industry. These rates can fluctuate based on a variety of factors, including global demand, market trends, and economic conditions. In 2024, the metal scrap market continues to show dynamic shifts, making it essential to […]
Zinc Prices Rise Amid Improved Demand in China and Anticipated US Rate Cuts
Zinc prices increased by 0.23% to ₹264.6, driven by improved demand in China and a decreasing dollar amid increasing anticipation of interest rate cuts by the US Federal Reserve. A 9.3% drop in zinc inventories in warehouses under the observation of Shanghai Futures Exchange. Which suggests a tightening supply, helped to boost sentiment. Furthermore, prices […]
Copper Prices Drop As Escondida Mine Strike Averted In Chile.
Copper prices fell 0.81% to $799.95 after the union at Chile’s Escondida copper mine came to an agreement with BHP, avoiding the risk of a strike that could have impacted global copper supplies. However, expectations for U.S. interest rate cuts and indications of improving demand in China. The world’s biggest consumer of copper, helped to […]