Metal Prices: A Roller Coaster Ride
The metal market has always been characterized by its volatility, influenced by a complex interplay of global economic factors, geopolitical tensions, and changes in supply and demand. As various metals—such as gold, silver, copper, and aluminium—undergo price fluctuations, investors and industries alike must navigate this unpredictable landscape. This blog explores the current trends in metal […]
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 […]
ShreeMetalPrices: Copper Inventories falls this week but will increase Next Week on Grim demand ahead
The copper inventory in the Chinese markets as of Friday, Apr 7 totalled at 202,300 metric tonnes, up 400 metric tonnes from previous Friday & down 3,900 metric tonnes from Monday. From pre-CNY levels, total inventories increased by 5,700 metric tonnes, rising for 2 weeks in a line. In most places, copper inventories decreased when […]
ShreeMetalPrices: Lithium Output Cuts Back in China After Price Collapse
Lithium prices have collapsed, forcing Chinese companies to reduce production of a crucial battery component at a major industrial hub. According to a story in the Chinese journal Paper. Which did not name any specific enterprises and cited an unnamed source, some lithium manufacturers in Yichun, Jiangxi Province, including 2 significant ones, have slowed down […]
Shreemetalprices: Gold Prices Today hits record High as banking industry concerns & Fed meeting this week
Gold prices hits all time highest levels on Monday, because when markets assessed the effect of the Fed and other major central banks’ emergency liquidity measures amid growing fears of a banking collapse. In order to stop any possible contagion from the failure of multiple lenders during the previous 2 weeks. The European Central Bank […]
ShreeMetalPrices: Goldman Sachs has revoked the Federal Reserve’s rate hike this month after failure of Silicon Valley Bank
Goldman Sachs analysts said on Sunday. That they no longer consider the United States Federal Reserve (Fed) to give a rate rise at its meeting on Mar-22 due to the current strain in the banking sector. In the past, Goldman anticipated a 25-basis-point increase in March. The failing Silicon Valley Bank’s, clients will be able […]
ShreeMetalPrices: Saudi Arabia’s economy grows by 8.7% in 2022; Highest growth rate in last 10 years
Saudi Arabia’s GDP rose by 8.7% in 2022. The highest growth rate among G20 nations. According to a study released by the General Administration for Statistics. The study was cited by the Xinhua news agency as adding that the increase above the maximum 8.3% international estimate & was the greatest yearly rate in the kingdom […]
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: Commodities Market Outlook – May Rise Next Week Prospects on China’s Economy Recover
Markets were more volatile In the week ending March 3. As a fresh batch of positive United states economic statistics impacted on risk appetites. And investors grew more optimistic about stimulus announcements at China’s National People’s Congress (CNPC). After 4 weeks of gains, the Dollar index ended the week with a small dip. It had […]