Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Flat steel price jumps by Rs3,000/ton

February 10, 2022 (MLN): In line with market expectation, the local CRC manufacturers have increased the prices of CRC (1mm) and Galvanized Coils (1mm) by Rs3,000/ton, clocked in at Rs205,500 per ton and Rs212,850 per

Gold extends gains

February 09, 2022: Extending gains, the price of 24 karat per tola gold witnessed a further increase of Rs750 and was sold at Rs125,550 on Wednesday against its sale at Rs124,800 the previous day. The

Cotton arrivals surge by 33% to 7.4mn bales

February 03, 2022 (MLN): Seed cotton (Phutti) equivalent to over 7.4 million or exactly 74,20,917 bales have reached ginning factories across the country till February 1st, 2022, registering an increase of 33.19 percent as compared

OMCs’ sales grow by 19% YoY in January 2022

February 2, 2022:  Maintaining the robust momentum, the total sales of Oil and Marketing Companies (OMCs) registered a growth of 19% YoY to clock in at 1.8 million tons (MTs) during January 2022, compared to

Top oil producers eye modest output boost

February 02, 2022: The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges. As in January,

Gold up by Rs500 to Rs127,150 per tola

January 26, 2022: The price of 24 karat per tola gold witnessed an increase of Rs 500 and was sold at Rs 127,150 on Wednesday against its sale at Rs 126,650 in the local market

DAP offtake drops by 43% YoY in December

January 25, 2022 (MLN): The sales of diammonium phosphate (DAP) were recorded at 117,000 tonnes in December 2021, down by 43.4% against 206,000 recorded in the same period last year on an account of its

Urea sales plunge by 32% YoY in December

January 25, 2022 (MLN): Pakistan’s urea sales dropped by 32% to 599,000 tonnes in December 2021 when compared to 881,000 tonnes in the corresponding month of last year due to its availability issues, the National

Fertilizer offtake declines by 31.8% YoY in December

January 25, 2022 (MLN): The country’s overall nutrients offtake fell by 31.8% to 408,000 tonnes during December 2021 from 598,000 tonnes in the same period last year, the latest monthly data of fertilizer offtake issued

Gold prices decline by Rs50 per tola

January 21, 2022: The price of 24 karat per tola gold witnessed a decrease of Rs50 and was sold at Rs125,850 on Friday against its sale at Rs125,900 in the local market the previous day,

Gold falls to Rs125,000 per tola

January 18, 2022: The price of 24 karat per tola gold witnessed decrease of Rs 200 and was sold at Rs 125,000 on Tuesday against its sale at Rs 125,200 in the local market the

Gold nosedives by Rs850 per tola

January 14, 2021 (MLN): The demand for gold remained dented as the price of 24-karat gold declined by Rs850 to close at Rs124,750 per tola, the data revealed by Karachi Sarafa and Jewellers Association showed

Gold extends losses, closes at Rs125,600 per tola

January 13, 2022 (MLN): Extending losses in the domestic bullion market, yellow metal prices edged lower by Rs100 per tola on Thursday as 24-karat was traded at Rs125,600 per tola compared to Rs126,700 per tola

Flat steel price jumps by Rs3,000/ton

February 10, 2022 (MLN): In line with market expectation, the local CRC manufacturers have increased the prices of CRC (1mm) and Galvanized Coils (1mm) by Rs3,000/ton, clocked in at Rs205,500 per ton and Rs212,850 per

Gold extends gains

February 09, 2022: Extending gains, the price of 24 karat per tola gold witnessed a further increase of Rs750 and was sold at Rs125,550 on Wednesday against its sale at Rs124,800 the previous day. The

Cotton arrivals surge by 33% to 7.4mn bales

February 03, 2022 (MLN): Seed cotton (Phutti) equivalent to over 7.4 million or exactly 74,20,917 bales have reached ginning factories across the country till February 1st, 2022, registering an increase of 33.19 percent as compared

OMCs’ sales grow by 19% YoY in January 2022

February 2, 2022:  Maintaining the robust momentum, the total sales of Oil and Marketing Companies (OMCs) registered a growth of 19% YoY to clock in at 1.8 million tons (MTs) during January 2022, compared to

Top oil producers eye modest output boost

February 02, 2022: The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges. As in January,

Gold up by Rs500 to Rs127,150 per tola

January 26, 2022: The price of 24 karat per tola gold witnessed an increase of Rs 500 and was sold at Rs 127,150 on Wednesday against its sale at Rs 126,650 in the local market

DAP offtake drops by 43% YoY in December

January 25, 2022 (MLN): The sales of diammonium phosphate (DAP) were recorded at 117,000 tonnes in December 2021, down by 43.4% against 206,000 recorded in the same period last year on an account of its

Urea sales plunge by 32% YoY in December

January 25, 2022 (MLN): Pakistan’s urea sales dropped by 32% to 599,000 tonnes in December 2021 when compared to 881,000 tonnes in the corresponding month of last year due to its availability issues, the National

Fertilizer offtake declines by 31.8% YoY in December

January 25, 2022 (MLN): The country’s overall nutrients offtake fell by 31.8% to 408,000 tonnes during December 2021 from 598,000 tonnes in the same period last year, the latest monthly data of fertilizer offtake issued

Gold prices decline by Rs50 per tola

January 21, 2022: The price of 24 karat per tola gold witnessed a decrease of Rs50 and was sold at Rs125,850 on Friday against its sale at Rs125,900 in the local market the previous day,

Gold falls to Rs125,000 per tola

January 18, 2022: The price of 24 karat per tola gold witnessed decrease of Rs 200 and was sold at Rs 125,000 on Tuesday against its sale at Rs 125,200 in the local market the

Gold nosedives by Rs850 per tola

January 14, 2021 (MLN): The demand for gold remained dented as the price of 24-karat gold declined by Rs850 to close at Rs124,750 per tola, the data revealed by Karachi Sarafa and Jewellers Association showed

Gold extends losses, closes at Rs125,600 per tola

January 13, 2022 (MLN): Extending losses in the domestic bullion market, yellow metal prices edged lower by Rs100 per tola on Thursday as 24-karat was traded at Rs125,600 per tola compared to Rs126,700 per tola