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
Amidst tightened supplies and mounting fears about production interruptions in China, where heavy rainfall and flooding are endangering mining and smelting operations, zinc finished 0.42% higher at Rs 399.20. Production adjustments at a mine in Southwest China are anticipated to decrease concentrate output in August by approximately 1,000 tonnes. Concurrently, maintenance activities at a smelter Read More
Zinc settled 0.31% higher at Rs 400.85, bolstered by tightening supply, production disruptions, and declining LME inventories. However, elevated prices continued to restrain demand in the leading consumer, China. Heavy rainfall and flooding in various regions of China pose a risk to mining and smelting activities. Production modifications at a mine in Southwest China are Read More
Zinc prices settled 0.69% higher at Rs 394.85, buoyed by a more favourable market sentiment stemming from the alleviation of geopolitical tensions between the United States and Iran, alongside persistent worries regarding tight near-term supply. Risk appetite strengthened following renewed diplomatic efforts that alleviated concerns regarding the potential for further conflict in the Middle East. Read More
Zinc prices experienced a slight increase of 0.26%, closing at Rs 346.55. This uptick was bolstered by a reduction in geopolitical tensions between the U.S. and Iran, coupled with constricting supply conditions in the near term. Market sentiment exhibited resilience as declining LME inventories and a contracting Cash-3M contango indicated heightened demand in the near Read More
