Zinc settled 1.8% higher at Rs 427.65 following reports of an industrial accident at Korea Zinc’s Onsan smelter, which raised concerns regarding near-term supply. Additionally, tight inventories outside China offered further support. The LME cash zinc contract premium over the three-month contract persisted at a high level of $124 per tonne, indicative of limited physical Read More
Zinc settled 0.27% higher at Rs 414.85, supported by growing concerns over supply constraints. However, the extent of the gains was curtailed as renewed hostilities in the Middle East led to a rise in oil prices, thereby reigniting inflationary pressures. LME zinc cancelled warrants reached 30,875 tonnes, marking the highest level in over a year, Read More
Zinc prices concluded the session with an increase of 0.76%, reaching Rs 417.4. This rise is attributed to concerns over tightening supply, a decrease in exchange inventories, and a boost in economic sentiment. However, it is noteworthy that the escalating prices are starting to exert pressure on physical demand in China. The zinc inventories monitored Read More
