TIN REFINING
Copper stays range bound as US tariff uncertainty, oil inflation risks weigh
Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
Copper falls as LME stocks edge higher and mine supply concerns ease
Copper prices have dipped due to rising inventories culminating from a resolution of a major strike at a Chilean mine. With available copper stocks hitting a two-month peak following substantial inflows, expert analyst Daniel Ghali pointed to US tariffs impacting global supply chains and shipping costs. In contrast, China exhibits signs of economic growth, notwithstanding ongoing struggles in its property sector.
Copper price hits three-week low as inventories rise and dollar strengthens
Copper prices fell to a three-week low below $14,000 a ton as rising LME inventories eased supply tightness and a stronger dollar pressured industrial metals. Copper has now dropped 6.2% from last week's record high, while uncertainty over US tariffs and tighter monetary policy further weighed on sentiment.
Copper falls after report of White House hesitancy over tariff plan
Copper prices saw a notable decline following reports of no movements regarding potential tariffs. The White House is currently evaluating worries about rising manufacturing expenses, which contributed to the drop. On the London Metal Exchange, three-month copper fell substantially from its previous record high, while COMEX copper futures also dropped, diminishing their premium over LME prices, with other LME metals experiencing similar downturns.
How a young entrepreneur is building domestic tin capacity in an import-dependent market
India now has a domestic facility for refining high-purity tin. Yash Gupta's Rikayaa Enterprises is reducing the country's dependence on imported tin. This venture is crucial for India's electronics and manufacturing sectors. The company extracts tin from scrap and electronic waste. Rikayaa Greentech's plant in Baddi produces tin comparable to global standards. This initiative supports India's self-reliance goals.
Agro-commodities: Oil prices end steady in thin trade
Traders said sufficient stocks position against sporadic demand mainly kept oil prices steady.
Soybean oils weaken on muted demand
Traders said sluggish demand from vanaspati millers against adequate stocks position mainly led to the fall in soyabean oil prices.
Oil ends steady in thin trade
Adequate stocks position against sporadic demand mainly kept prices steady, traders said.
Local demand lifts mustard oil prices, up Rs 100 per quintal
Traders attributed rally in mustard oil prices to strong demand from local parties triggered by Diwali festival.
Groundnut, soyabean oils slide on sluggish demand
Prices of groundnut and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today following subdued demand.
Soyabean oil down facing low demand
Traders said sluggish demand from retailers against adequate stocks position mainly led to decline in soyabean oil prices.
Groundnut, cottonseed oils fall on subdued demand
Marketmen said besides reduced offtake by stockists and millers, fresh arrivals from growing regions, kept pressure on groundnut and cottonseed.
Palmolein oils gain on rising demand
In the national capital, palmolein (rbd) and palmolein Kandla) oils moved up by Rs 50 to Rs 5,950 and Rs 5,750 per quintal, respectively.
Select edible oils strengthen on buying by millers
Palmolein (rbd) and palmolein (Kandla) oils followed suit and were up by Rs 50 each to Rs 6,350 and Rs 6,150 per quintal, respectively.
Groundnut oil up on local demand
In the non-edible section, linseed oil went up by Rs 50 to Rs 6,300 per quintal on increased demand.
Groundnut, coconut oils up on retailers demand
Wholesale prices of groundnut and coconut rose by Rs 20 per tin in the national capital on Saturday on increased offtake by retailers and stockists.
Edible oils remain higher on pick up in demand
Wholesale prices of select edible oils today rose up to Rs 50 per quintal in the national capital largely in tandem with firming global markets.
Select edible oil prices recover on fresh buying
Select edible oil prices recovered between Rs 50 and Rs 100 per quintal in the wholesale oils and oilseeds market on Saturday on fresh buying influenced by firming global trend.
Oil prices remain quiet on some support
Steady conditions persisted in the wholesale oils and oilseeds market on Friday as prices moved in a tight range on small bouts of trading and settled around last levels.
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