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
Zinc prices concluded the trading session with an increase of 0.82%, reaching Rs 376.6. This rise was bolstered by short covering and ongoing apprehensions regarding imminent supply constraints, even amid the prevailing uncertainty related to the US-Iran conflict. Investors maintained their evaluation of diplomatic initiatives designed to alleviate geopolitical tensions and the potential consequences for Read More
Zinc prices increased by 0.84%, closing at Rs 377.30, bolstered by constricting near-term supply conditions and positive manufacturing data from key economies. Market sentiment showed signs of improvement as manufacturing indicators from China, Europe, and the United States suggested ongoing industrial resilience in the face of elevated input costs. However, gains remained constrained by rising Read More
Zinc prices advanced 1.93% to settle at Rs 375.9, bolstered by constricting near-term supply conditions and a resurgence in manufacturing activity across major economies. A more robust manufacturing outlook from China, Europe, and the United States has enhanced sentiment for industrial metals. Concurrently, supply disruptions at critical mining and smelting operations have sustained prices, even Read More
Zinc prices concluded the trading session with a 1.92% increase, reaching Rs 366.65. This uptick was bolstered by a resurgence in global manufacturing activity and a tightening of supply conditions in the near term. Manufacturing data from China, Europe, and the United States indicated continued expansion despite elevated input costs, reinforcing expectations for steady industrial Read More
Zinc prices advanced 1.63% to settle at Rs 364.2, buoyed by short covering and ongoing apprehensions regarding constricting mine supply. Zinc remained the sole base metal on the London Metal Exchange to conclude June with its forward curve in backwardation, indicative of constrained near-term availability. Supply disruptions at major mining and smelting operations persisted, supporting Read More
Zinc prices experienced a decline of 2.39%, settling at Rs 353.7. This decrease was influenced by a stronger U.S. dollar, as investors raised their expectations for additional rate hikes by the Federal Reserve. The dollar ascended to a 13-month peak, diminishing the attractiveness of industrial metals and exerting pressure on the overall sentiment surrounding commodities. Read More
Zinc prices experienced a decline of 1.13%, settling at Rs 366.5, influenced by the strengthening of the U.S. dollar following the postponement of peace talks between the United States and Iran. The dollar climbed to a one-year high as uncertainty surrounding Middle East tensions increased following Switzerland’s confirmation that negotiations between U.S. and Iranian officials Read More
Zinc prices declined by 1% to settle at Rs 366.2, reflecting market sentiment influenced by concerns over weakening demand in China. Recent economic indicators from China revealed a 0.6% contraction in retail sales for May, representing the first decline in over three years. Additionally, fixed-asset investment decreased by 4.1% in the initial five months of Read More
Zinc prices concluded the trading session with an increase of 1.5%, reaching Rs 364.75. This rise is attributed to escalating worries regarding the constriction of global supply, prompted by a succession of production interruptions at key mining and smelting facilities. Market sentiment improved following Goldman Sachs’ indication that Boliden’s Garpenberg mine may function at a Read More
Zinc prices increased by 0.05% to close at Rs 365.2, buoyed by constricting global supply conditions due to production disruptions at significant smelting operations. However, gains remained constrained as robust U.S. economic data elevated the dollar and solidified anticipations that the Federal Reserve may implement interest rate hikes by the end of the year. In Read More
Zinc prices settled lower by 0.42% at Rs 371.75, influenced by concerns regarding a prolonged higher interest rate environment in the United States and the improving prospects for a diplomatic resolution between Washington and Tehran, which negatively impacted sentiment across the base metals complex. Stronger-than-expected U.S. economic data, particularly higher job openings and robust private Read More
Zinc prices experienced a decline of 0.68%, settling at Rs 365.05, as investor sentiment remained cautious in anticipation of further developments concerning a potential extension of the Iran ceasefire agreement. A firmer U.S. dollar exerted downward pressure on sentiment, rendering base metals less appealing to international purchasers. Additional pressure arose from a 0.7% rise in Read More
Zinc prices decreased by 0.88% to close at Rs 367.5, reflecting apprehensions regarding the global economic outlook in light of persistent geopolitical tensions in the Middle East. Ongoing U.S. military activities in southern Iran, coupled with ambiguity regarding peace talks, have heightened market apprehension concerning inflationary pressures and their possible effects on industrial demand. However, Read More
Zinc prices concluded the trading session with an increase of 0.68%, reaching Rs 369.95. This rise is attributed to the constricting global supply dynamics, which have been influenced by recent interruptions at key zinc processing plants. Market sentiment improved following Nexa Resources’ decision to temporarily halt operations at its Cajamarquilla zinc smelter in Peru, the Read More
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
