Lead Ingot
Lead ingots are blocks of lead used in various industries due to their high density and corrosion resistance. These are primarily used in the manufacturing of b...
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Lead Ingot Market Reports
Zinc Market Update: LME, MCX and SHFE Prices Fall as Supply Tensions Ease
Zinc prices have been experiencing fluctuations across multiple markets. The LME zinc price dropped by 4.65% with SHFE prices falling by 0.62%. On the MCX, zinc closed at a decrease of 3.23%. Inventory levels have increased, particularly with a rise in LME stocks, easing some short-term supply concerns.
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Zinc Prices Show Positive Movement Amid Supply Concerns and Production Cut Rumors
Zinc prices have been experiencing upward momentum due to speculation around potential production cuts and ongoing supply-side challenges. LME zinc saw a rise of 0.91%, while SHFE and MCX markets showed stable movements. Zinc inventories at LME and SHFE fell, signaling tightening supplies, while demand has been supported by moderate downstream consumption.
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Zinc Prices Edge Up with Support from Increased Consumption and Spot Premiums
Zinc prices showed modest gains across major exchanges, with LME zinc rising by 0.35%, SHFE increasing by 0.88%, and MCX zinc up by 0.29%. This uptick came amid slight improvements in consumption, high spot premiums, and rumours of production cuts. The global zinc market also faces a widening deficit, although China's zinc production has increased slightly.
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