Oil Prices Slide Amid Weak PMI Readings and Supply Concerns

oil-prices-surge-to-nine-month-high-amid-supply-concerns

Oil prices faced a slight decline in Asian trade on Thursday, influenced by a series of weak Purchasing Managers’ Index (PMI) readings that raised concerns about sluggish economic growth. The market also grappled with increased U.S. oil production and exports. Indicating that supply might not be as constrained as initially anticipated. The Energy Information Administration […]

HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 2,250/-

HINDALCO-INCREASES-ALUMINIUM-PRICES-BY-Rs-2250

Hindalco Aluminium Decreases it’s Product Prices By INR 2,250/-MT on 04-Aug-2023 Hindalco Aluminium Ingot Prices Decreases By INR 2,250/-MT today which comes at INR 210750-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 2,250/-MT today which comes at INR 222750/-MT. Hindalco Aluminium Billet Prices Decreases By INR 2,250/-MT today which comes at INR 224850/-MT […]

ShreeMetalPrices: Gold Prices holds $2,000 as US Show Signs Of Slowness

gold-prices-reach-two-week-high-amid-dollar-dip-ahead-of-central-bank-meetings

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

china-says-it-is-increasing-the-capacity-of-iron-ore-concentrate-to-ensure-supplies

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: China’s Aluminium Ingot Inventory continue to slide

chinas-aluminium-ingot-inventory-continue-to-slide

The social inventories of aluminium ingots in China’s eight main markets were 1.04 Million MT as of Apr 6, down to 28K MT from Apr 3 & 50K metric tonnes from the previous week. The amount was also 30K metric tonnes lower than during the same time previous year. Due to the approaching delivery of […]

ShreeMetalPrices: HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 7,250/-

chinas-aluminium-production-surge-will-demand-keep-pace

Hindalco Aluminium Decreases it’s Product Prices By INR 7,250/-MT on 06-April-2023 Hindalco Aluminium Ingot Prices Decreases By INR 7,250/-MT today which comes at INR 218,500/-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 7,250/-MT today which comes at INR 230,500/-MT. Hindalco Aluminium Billet Prices Decreases By INR 7,250/-MT today which comes at INR 232,600/-MT […]