Opening Bell: Base Metals Market Update

  • Nickel cash prices opened 1.72% lower as against 8 Apr’22 and stocks were recorded at 73,692 t.
  • Aluminium cash prices decreased by 3.45% as against the previous closing. Stocks were assessed at 615,750 t on 8 April, a sharp decline of 4,025 t d-o-d. However, copper inventory was up 2,500 t d-o-d on Friday.
  • The key primary players, Hindalco and Balco, increased aluminium prices towards the end of last week.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *