HZL Lead Ingot in Bhiwandi

Zinc prices dropped across the LME, SHFE, and MCX markets, with LME closing at $3,076.5/ton, down by 3.25%. Supply concerns persist globally as the market faces a deficit of 164,000 tons in 2024. While increased output in Australia and Congo may offset some losses, challenges like heavy rains and power rationing in China have hindered refined zinc production.

Zinc prices experienced slight declines across major markets last Friday, with LME closing at $3,075/ton, SHFE at 24,985 yuan/ton, and MCX at Rs 280.90/kg. Trading volumes decreased, but open interest rose in both LME and SHFE. Despite that, experts predict a bullish trend for MCX Zinc today.

LME Zinc surged by 3.53% yesterday, while SHFE Zinc gained 1.27%, and MCX Zinc increased 3.08%. China's stimulus measures and favourable U.S. data continue to support zinc prices. Further, supply constraints and strong demand point to continued bullish momentum in the zinc market.

Aluminum markets saw a notable increase yesterday as LME, SHFE and MCX increased. Meanwhile, China's aluminum extrusion exports rose 9.85% MoM, with India being the top destination. Looking ahead, the aluminum market remains positive, supported by macroeconomic policies and rising demand.

Zinc prices experienced slight declines across LME, SHFE, and MCX markets. LME zinc dropped by $22/ton to $2,988.5/ton, SHFE fell by 55 yuan/ton to 24,410 yuan/ton, and MCX dropped Rs 0.95 to Rs 274.05/kg. Supply remains tight, with LME inventory down by 1,725 tons.

Zinc prices saw a modest increase, with LME closing 0.63% up and SHFE closing 0.55% up. MCX zinc ended at Rs 266.65/kg, up 0.43%. Trading volumes decreased on both LME and SHFE, while LME zinc recorded a bullish candlestick pattern. Market sentiment is influenced by weak US manufacturing data.

Zinc prices have experienced fluctuations, with LME zinc closing at $3,099.5/mt last Friday, down 2.35%. SHFE zinc closed 0.1% down and MCX zinc fell 2.44% to Rs 287.35/kg. Increasing inventories and tight supply conditions are affecting prices, with China’s refined zinc production rising by 2% in September.

Zinc prices surged across global markets, driven by supply disruptions and China's economic stimulus. The zinc market faces a projected deficit of 164,000 tons in 2024. China's economic growth boosted optimism for zinc demand, leading to price fluctuations.

The zinc market experienced bullish trends across key exchanges, with LME, SHFE, and MCX all increasing. The global zinc market is expected to face a significant supply deficit in 2024, with demand outpacing production due to a raw material shortage. Meanwhile, major zinc producers like Hindustan Zinc posted strong profits, supported by robust revenues and strategic investments.