Zinc prices concluded the trading session down 1.59% at Rs 312.8, influenced by regulatory and macroeconomic challenges emanating from China. Sentiment deteriorated following directives from Chinese regulators mandating exchanges, such as the Shanghai Futures Exchange, to eliminate high-frequency trading servers, thereby curtailing speculative engagement. Concerns regarding demand prospects remained as China’s 2025 new bank lending Read More
Zinc prices experienced a modest increase, closing up 1.18% at Rs 312.7. This uptick was bolstered by positive sentiment regarding stable demand from China, coupled with diminishing inventories and persistent disruptions on the supply side. Sentiment was bolstered by reports of planned maintenance shutdowns at multiple Chinese zinc mines, anticipated to diminish concentrate availability in Read More
Zinc prices declined by 0.74% to close at Rs 307.35, influenced by a stronger dollar index, which reached its highest point since early December as investors reevaluated the Federal Reserve’s policy outlook in light of mixed U.S. economic data. U.S. labor indicators exhibited resilience, as initial jobless claims saw a modest increase while announced job Read More
Zinc prices experienced a decline, closing down by 0.47% at Rs 306.6, influenced by revived apprehensions regarding demand following a sequence of disappointing economic indicators from China. In November, China’s zinc production increased by 13.3% compared to the previous year, reaching 654,000 metric tons, highlighting a significant near-term supply surplus. Nonetheless, the downside was constrained Read More
Zinc prices experienced a slight decline, closing down by 0.44% at Rs 307.65, as profit-taking occurred following a recent surge fueled by speculative purchasing amid worries about tightening supply. The correction occurred notwithstanding new signs of supply-side limitations in China, where a central zinc mine is poised for routine maintenance, leading to a decrease in Read More
Zinc prices continued their upward trajectory, closing with an increase of 2.59% at Rs 312.95. This rise was bolstered by limited year-end trading activity, speculative purchasing, and a depreciating US dollar, all amidst apprehensions regarding tightening supply conditions. Planned maintenance shutdowns at zinc mines in Central and Southwest China are anticipated to provide additional support Read More
