Zinc settled 1.86% lower at Rs. 409.45 as expectations of recovering Chinese mine production and improved concentrate availability raised prospects of easing supply tightness. However, the downside remained constrained by apprehensions regarding mine supply disruptions and shortages in Western markets. Near-term tightness was evident in the LME cash zinc premium over the three-month contract, which Read More
Zinc settled 3.03% higher at Rs. 412.65, gaining Rs. 12.15, as falling inventories, elevated power prices and supply concerns supported market sentiment. The global refined zinc market shifted to a deficit of 3,900 tonnes in August from a surplus of 27,500 tonnes in July, according to the International Lead and Zinc Study Group. Shanghai Futures Read More
Zinc settled 0.27% lower at Rs 423.1 as expectations of a global refined zinc surplus in 2027 weighed on sentiment; however, immediate supply tightness and declining Chinese inventories limited losses. LME cash contracts traded at a premium to three-month contracts, indicating tightness in near-term availability. Meanwhile, zinc inventories monitored by the Shanghai Futures Exchange decreased Read More
Zinc settled marginally lower by 0.16% at Rs 415.70, influenced by expectations of enhanced availability of Chinese zinc concentrate as previously disrupted mines resumed operations following accidents and safety inspections. Chinese mine output is anticipated to rise on a month-to-month basis in October, which may alleviate raw material limitations for smelters. However, supply concerns persisted Read More
Zinc settled 1.03% higher at Rs 417.6, buoyed by tightening supply conditions and disruptions across major producing regions. However, concerns regarding future Chinese export deliveries to the London Metal Exchange and weakness in LME copper constrained further gains. Nyrstar has initiated a strategic review of its zinc smelting operations in the Netherlands, whereas Mitsui Kinzoku Read More
Zinc settled 1.4% lower at Rs 410.6, influenced by expectations of increased refined production from Japan’s Mitsui Kinzoku, which intends to produce 117,700 tonnes of refined zinc in the second half of fiscal 2026, reflecting a 32% year-on-year increase. Sentiment was influenced by weaker Chinese economic indicators, as industrial profits increased by 15.7% in the Read More
Zinc settled lower by 1.03% at Rs 422.35 as a stronger US dollar and expectations of further Federal Reserve rate hikes to contain inflation pressured prices, while supply concerns limited the downside. Nyrstar announced a strategic review of its Dutch zinc smelting operations, raising concerns over future refined zinc availability. China’s zinc production contracted for Read More
Zinc prices settled down 0.39% at Rs 434.1, influenced by elevated prices that weakened demand and discouraged buying in China. Additionally, expectations of increased Chinese export deliveries to the LME contributed to the downward pressure. The decline was also influenced by a sharp pullback in copper amid changing tariff expectations, which weighed on the broader Read More
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 1.04% higher at Rs 429.05, while LME zinc prices surpassed $4,000 per tonne for the first time since 2022, reflecting considerable supply pressures in the market. Production disruptions at several mines, including those in China, coupled with restricted Iranian ore shipments due to heightened tensions in the Middle East, have raised concerns regarding 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
Zinc settled sharply higher by 3.05% at Rs 424.7, bolstered by tightening supplies outside China, a decrease in LME inventories, and apprehensions regarding possible production disruptions in China. LME zinc stocks have decreased by 25% since mid-June, now totalling 93,250 tonnes. Concurrently, the premium of LME cash zinc over three-month zinc has risen to $132 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 settled 0.56% higher at Rs 395.55, bolstered by constrained mine supply, diminishing overseas inventories, and robust LME calendar spreads, which persistently indicate short-term market tightness. LME zinc inventories decreased to 95,000 tonnes, with cancelled warrants holding steady at a quarterly high, while on-warrant stocks dipped below critical thresholds, heightening the risk of a possible 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 futures concluded the trading session with a 0.57% increase, reaching Rs 386. This uptick was bolstered by diminishing worries regarding global economic growth, as a decline in crude oil prices alleviated inflationary pressures. Furthermore, supply-side uncertainties in China contributed additional support to the market. Significant rainfall and flooding in various regions of China have Read More
Zinc prices declined 0.78% to settle at Rs 376.75, influenced by a stronger U.S. dollar and rising expectations of a Federal Reserve interest rate hike, which may dampen demand for industrial metals. Investor sentiment exhibited a degree of caution in anticipation of the Fed’s policy decision, although losses were somewhat mitigated by the tightening of Read More
Zinc prices settled 0.37% higher at Rs 383.9, buoyed by constricting near-term supply conditions and a resurgence in manufacturing sentiment across key economies. China’s GDP growth has decelerated to a three-and-a-half-year low due to subdued domestic demand. However, manufacturing data from China, Europe, and the United States has shown resilience in the face of rising Read More
