Below is Weekly Basemetal Report by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd
Base Metals Report
Most of the base metals, after ending the previous week on a strong note, relinquished their gains in the following week, with LME Zinc, Aluminium, and Copper experiencing declines.
The prices of base metals were influenced by weak economic data from China, the top metals consumer, which raised concerns about de...
Weekly Basemetal Update : The prices of base metals were influenced by weak economic data from China, the top metals consumer Says Mr. Saish Sandeep Sawant Dessai, Angel One
Below is Weekly Basemetal Report by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd
Base Metals Report
Base metals, including copper, faced downward pressure during the week due to a weak global economic growth outlook and sluggish demand from China.
Manufacturing data from the United States, Europe, and China indicated a decline in activity, dampening the demand outlook for base metals.
However, copper prices found some support from low i...
Weekly Basemetal Update : We expect copper to trade higher towards 727 levels, a break of which could prompt the price to move higher to 730 levels Says Mr. Saish Sandeep Sawant Dessai, Angel One
Below is Weekly Base Metal Write Up by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd
The base metals group, which ended the week on a negative note, halted its three-week winning streak, while copper ended its four-week winning streak. The slump, however, abated in the current week, with the base metals group recovering back from the lows, while copper remained marginally behind. However, Copper did manage to recover ...
Weekly Base Metal Outlook : The slump, however, abated in the current week Says Mr. Saish Sandeep Sawant Dessai, Angel One
"Quote - Base Metals" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd
Following a good run in the previous several weeks, the base metals pack is expected to see its first weekly fall in over three weeks, with Zinc and Aluminium ending lower by about 2% on the LME and MCX, respectively.
Copper prices on the LME, on the other hand, fell for the first time in four weeks, as the strength of the dollar play...
Base Metals Outlook : Base metals pack is expected to see its first weekly fall in over three weeks, Says Mr. Saish Sandeep Sawant Dessai, Angel One
Below is Quote on Aluminium Outlook by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd
After concluding the previous year with a sharp cut, 2023 appeared to be off to a bright start, as industrial metals soared in January, with aluminum, the light metal, reaching a seven-month high, with gains of a little over 14 percent. The up-move was fueled by bets that growth in China, the top metals consumer, would rebound from last year's slump.
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Aluminium Outlook : The price of aluminum dropped to 5-week lows as a result of the selling sparked Says Mr. Saish Sandeep Sawant Dessai, Angel One