Zinc Prices Steady Amid Tight Supply and Dollar Strength
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Zinc prices remained steady across global exchanges, supported by tight inventories and stable refined output. LME futures hovered near USD 2,950/MT, while MCX traded close to ₹291.45/kg. Despite dollar strength and subdued volatility, low LME stocks continued to provide price support amid mixed global market sentiment.
Key Highlights
- LME zinc held firm near USD 2,950/MT amid dollar strength.
- SHFE prices stayed stable between ¥22,200–22,400/MT.
- LME stocks remained tight at ~40,000 tons, supporting prices.
- Zinc likely to consolidate near ₹292/kg; breakout above ₹298 may lift sentiment.
Global Zinc Prices Hold Steady Amid Dollar Strength
- LME: LME zinc 3-month futures closed around USD 2,950/MT on 15 October 2025, after trading between USD 2,930 and USD 2,970/MT. The tone remained steady amid cautious sentiment influenced by macroeconomic factors and U.S. dollar strength.
- SHFE: Shanghai zinc futures traded between ¥22,200–22,400/MT, maintaining stability with moderate buying interest and consistent downstream demand.
- MCX: MCX zinc futures hovered near ₹291.45/kg on 15 October 2025, mirroring LME trends and steady domestic demand. Prices moved within a narrow range throughout the session.
Supply & Demand: Tight LME Stocks Continue to Support Market Balance
- LME on-warrant stocks stood near 40,000 tons, reflecting a continued tight supply in the global zinc market. Inventories have remained below multi-year averages through early October.
- The zinc market exhibits mixed fundamentals — steady Chinese refined output and soft concentrate supply have balanced the overall tone. Traders reported limited volatility, with historically low inventories offset by stable smelter production.
News Highlights: Stable Chinese Output Keeps Supply-Demand in Check
- Zinc prices held steady amid a stronger U.S. dollar and profit-taking across base metals.
- LME inventories remained tight, lending support to prices.
- Chinese refined output was stable, and domestic demand stayed in line with seasonal averages.
- MCX zinc mirrored global trends with limited volatility and moderate open interest.
Zinc Outlook: Consolidation Likely Near ₹292/kg Level
Support: ₹288/kg
Resistance: ₹295/kg
Breakout Level: Above ₹298/kg
Short-term Outlook
Zinc is likely to consolidate around ₹292/kg amid tight LME stocks and mixed macroeconomic cues. A sustained move above ₹298 could trigger a short-term rally toward ₹302/kg.
Zinc Ingots
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