Zinc prices concluded the trading session down by 0.8% at Rs 367.45, influenced by profit-taking activities. This decline occurred against a backdrop of renewed uncertainty regarding the Iran conflict, which has led to an uptick in crude oil prices and reignited inflation concerns across global markets. Investors exhibited a degree of caution concerning the overarching Read More
Zinc concluded the day with a 0.54% increase, reaching Rs 365.15, bolstered by increasingly constrained global supply conditions following several production disruptions that heightened apprehensions regarding the availability of refined metal. Sentiment improved following the temporary suspension of operations at Nexa Resources’ 344,400-ton-per-year Cajamarquilla zinc smelter in Peru due to a fire incident. Meanwhile, Glencore-owned Read More
Zinc prices concluded the session with an increase of 0.66%, reaching Rs 364.75, bolstered by persistent supply concerns and a positive outlook for demand from China. Positive macroeconomic data from China enhanced sentiment across industrial metals, as consumer prices increased by 1.2% in April, surpassing market expectations of 0.9%. Additionally, factory-gate prices rose by 2.8%, Read More
Zinc prices saw a modest rise of 0.14%, finishing at Rs 348.2, as falling energy prices enhanced sentiment in the industrial metals sector and eased concerns about a potential slowdown in global economic growth. The market maintained its momentum, supported by tightening near-term supply conditions, as the global zinc deficit remains one of the most 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
Zinc prices experienced a decline of -1.3%, concluding at Rs 341.8, influenced by reports that Swedish miner Boliden intends to recommence production at its Garpenberg mine in the second quarter, thereby alleviating certain supply apprehensions. Nonetheless, losses were contained as short-term supply constraints persist, supporting the market due to limited availability of raw materials. Fundamentally, Read More
Zinc prices experienced a modest decline, closing down by 0.39% at Rs 348.1, influenced by uncertainty surrounding the Iran ceasefire and prevailing geopolitical tensions that affected market sentiment. Despite the decline, the underlying fundamentals continue to provide a degree of support, mitigating the risk of a significant downturn. Tightening conditions on the supply front continue Read More
Zinc prices increased by 1.75%, concluding at Rs 349.45, buoyed by a more favorable outlook regarding U.S.-Iran ceasefire developments following the declaration of an indefinite extension. This alleviated short-term geopolitical anxieties while maintaining a risk premium. Further backing was provided by the constriction of supply dynamics, as LME inventories fell to a one-month low, and Read More
Zinc prices experienced a modest decline of 0.34%, closing at Rs 339.1, primarily attributed to profit-taking following recent increases. Nonetheless, the downside was constrained, as the positive sentiment surrounding the Strait of Hormuz—remaining accessible throughout the ceasefire—contributed to alleviating supply worries and bolstered industrial activity. The resurgence of China’s factory sector into expansion has positively Read More
Zinc prices increased by 0.72% to close at Rs 330.85, buoyed by positive industrial indicators and short-term supply constraints. China’s factory activity returning to expansion in March contributed to an uplift in demand expectations, while the decline in inventories at the Shanghai Futures Exchange and persistent mine disruptions provided additional support to prices. Nonetheless, gains Read More
Zinc increased by 0.39% to close at Rs 324.45, buoyed by a resurgence in industrial activity in China and indications of temporary supply constraints. China’s manufacturing PMI increased to 50.4 in March, indicating a return to expansion and enhancing demand sentiment for base metals. Simultaneously, inventories at the Shanghai Futures Exchange experienced a 1% decrease Read More
Zinc prices experienced an uptick, increasing by 1.86% to close at Rs 325.4, buoyed by a more favorable outlook as investors speculate on a potential reduction in geopolitical tensions in the Middle East. Robust economic indicators from China contributed to the upward momentum, as the manufacturing PMI increased to 50.4, indicating a shift back to Read More
Zinc prices experienced a decline of 0.56%, closing at Rs 308.6, amid ongoing concerns regarding the economic repercussions stemming from the conflict in the Middle East, which persistently impact the overall sentiment in the industrial metals sector. Increasing oil prices have exacerbated inflation concerns and cast uncertainty over global growth, thereby constraining potential upside, even Read More
Zinc prices experienced a decline of 2.36%, settling at Rs 306.6, reflecting a broader weakness in industrial metals driven by escalating concerns regarding the global economic ramifications of the Iran conflict. Sentiment continued to face challenges as a result of a robust US dollar and a consistent accumulation of inventories. Stocks on the Shanghai Futures Read More
Zinc prices experienced a decline, closing 0.28% lower at Rs 324.45, influenced by a robust U.S. dollar and increasing inventories in China that pressured the market. Stocks stored in facilities overseen by the Shanghai Futures Exchange increased by 9.2% since last Friday, thereby intensifying immediate price pressures. The dollar index has ascended past 100, bolstered Read More
Zinc prices experienced a modest decline in the last session, closing 0.14% lower at Rs 325.5, influenced by a strengthening U.S. Dollar Index, which rose above 99.10 in the context of increasing uncertainty related to the ongoing conflict involving the United States, Israel, and Iran. The robust dollar and apprehensions regarding global manufacturing demand exerted Read More
Zinc prices concluded the session on an upward trajectory, increasing by 0.79% to reach Rs 323.85. This rise was primarily driven by constrained supply dynamics and persistent apprehensions regarding mine disruptions and delays. Despite a 7.04% increase in inventories within warehouses tracked by the Shanghai Futures Exchange since last Friday, persistent concerns regarding overall supply Read More
Zinc prices concluded the trading session with a modest increase, rising by 0.28% to reach Rs 327.85, primarily bolstered by constrained supply dynamics and apprehensions regarding potential mine disruptions. Reduced inventories and disruptions in production have persisted in supporting the market, contributing to the stability of prices. Nonetheless, the increases were constrained as a robust Read More
Zinc declined by 0.47% to close at Rs 326.95, influenced by a stronger dollar and ongoing apprehensions regarding China’s demand prospects. As markets in China resumed operations following the holidays, traders looked forward to potential restocking activities; however, the prevailing sentiment was one of caution due to a backdrop of mixed economic indicators. Weak data Read More
Zinc experienced a modest increase, closing 0.21% higher at Rs 327, bolstered by ongoing supply concerns despite the mixed signals regarding broader demand. The combination of constrained inventories and intermittent mining interruptions in China provided a foundation of support. A mine in southwest China halted production earlier this month, while a lead-zinc operation in central Read More
