Aluminium Foil
Aluminium foil is widely used in packaging, insulation, cooking, and industrial applications. It is a thin, flexible sheet of aluminium metal. It is known for i...
Aluminium Foil Bytes
Daily Market Report
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Nickel Up, Copper Down; Rising Demand and Limited Supply Impacting Stainless Steel Prices
Stainless steel prices remain firm, with nickel opening 0.71% higher at $16,350/mt and the INR strengthening to 85.67/USD. The 300-series demand is seeing marginal improvement despite cash constraints, while the 400-series continues its upward trend. The 200-series is benefiting from a shortage of imports, further driving domestic demand. Industry experts anticipate price increases in the 300 and 400 series.
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Stainless Steel Prices Stay High as Currency and Trade Policies Shape Market Trends
Stainless steel prices remain firm as demand patterns shift. The 200 series continues to see strong domestic demand due to import shortages, while the 300 and 400 series show gradual improvement. China’s stainless steel imports dropped by 29.3% YoY, while exports went up. Experts anticipate price firmness across all series, with the USD exchange rate and regulatory factors playing key roles.
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India’s Stainless Steel Market Sees Rising Demand Across All Series
Stainless steel prices remain firm, with the 200 series seeing rising demand due to limited imports. Taiwan’s stainless steel prices are set for a sharp April increase following Indonesia Tsingshan’s price hike. Meanwhile, copper prices approach record highs due to U.S. trade concerns. Experts anticipate price firmness across all stainless steel series due to market and regulatory factors.
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Stainless Steel Market Shows Mixed Trends, 200 Series Demand Remains Strong
Stainless steel prices remain mixed in India as 200 series demand surges amid an import shortage. 300 series prices may rise due to a strong USD, while 400 series remains firm on BIS-related issues.
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Aluminium Prices Open Lower; India Imposes Anti-Dumping Duties on Aluminium Imports
Aluminium prices opened lower on LME, SHFE, and MCX, reflecting minor corrections. China’s February output dropped month-on-month but grew year-on-year. India imposed anti-dumping duties on aluminium foil and other products to curb cheap imports from China. Global primary aluminium production increased 2.7% in January, signalling a stable supply outlook.
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Stainless Steel Prices Show Strength as Global Demand Rises
Stainless steel prices remain stable with slight upward movement, driven by global supply constraints and rising raw material costs. Nickel prices continue to fluctuate due to Indonesian tax policies and adverse weather conditions. The 200 series sees strong domestic demand due to limited imports, while the 300 and 400 series are witnessing moderate growth despite cash flow constraints.
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Stainless Steel Prices Show Strength as Global Demand Rises
Stainless steel prices remain stable with slight upward movement, driven by global supply constraints and rising raw material costs. Nickel prices continue to fluctuate due to Indonesian tax policies and adverse weather conditions. The 200 series sees strong domestic demand due to limited imports, while the 300 and 400 series are witnessing moderate growth despite cash flow constraints.
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Nickel and Copper Show Mixed Trends, Stainless Steel Prices Remain Firm
Stainless steel prices remain firm despite fluctuating nickel and copper rates. The 200 series continues to see strong demand due to limited imports, while the 300 and 400 series are showing gradual improvement. The overall market is expected to remain stable, with price trends influenced by global trade policies and currency fluctuations.
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Nickel Gains, Stainless Steel Market Sees Mixed Demand Trends
Stainless steel prices remain firm as 200 series demand strengthens due to import shortages. The 300 series is seeing slight improvement, while the 400 series maintains steady demand. Nickel prices continue to rise, pushing stainless steel prices higher. With the USD strengthening, the 300 series is expected to see further price increases.
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