KZ Zinc Ingots (SHG) in Faridabad

Zinc prices remained volatile, with LME zinc closing higher at $2,985.5/mt, SHFE zinc at 24,140 yuan/mt, and MCX zinc gaining 0.74% to ₹280.65/kg. Supply concerns intensified after Nyrstar announced a 25% production cut at its Hobart smelter in Australia, while global zinc output continued to decline. LME on-warrant stocks fell to their lowest since November 2023, signaling tightening availability. Experts see support at ₹279.2 and resistance at ₹282.1, with a potential breakout toward ₹283.5.

Zinc prices declined across LME, SHFE, and MCX due to weak Chinese trade data, escalating US-China trade tensions, and expectations of increased supply. While global zinc production has fallen for the third consecutive year, rising zinc concentrate TCs and anticipated production growth pressured prices. Experts suggest zinc is undergoing liquidation.

Zinc prices remained stable, with LME, SHFE, and MCX showing minor fluctuations. Market sentiment is mixed, with SHFE zinc facing resistance and MCX zinc reacting to rising inventories. A global supply deficit continues to pressure prices, driven by declining output in China, Japan, and South Korea.

Zinc prices declined across LME, SHFE, and MCX, pressured by rising inventories and weak demand recovery. LME zinc fell 2.57% to $2,845/mt as stock levels increased by 7,400 mt. SHFE zinc closed lower at 23,680 yuan/mt, and MCX zinc dropped 0.66% to Rs 271.85/kg. Global mined zinc production declined, while refined zinc imports rose. Experts see key support at Rs 265.8, with resistance at Rs 270.5.

Zinc prices remain mixed, with LME zinc closing slightly lower at $2,920/mt, SHFE zinc up 0.46%, and MCX zinc rising 0.11%. LME inventories dropped by 2,675 mt, supporting prices, while SHFE saw a supply increase with weak downstream demand. MCX zinc gained on PBoC stimulus expectations. Experts see immediate support at Rs 269.9, with resistance at Rs 273.2.

Zinc prices saw modest gains as a weaker US dollar and short covering provided support. However, rising inventories and declining global production continue to weigh on the market. Supply concerns persist, with China’s refined zinc output dropping and major mines planning cuts. Market sentiment remains cautious, with technical levels indicating potential resistance and downside risks.

LME zinc increased 0.42% to $2,854/mt, while SHFE zinc dipped slightly amid rising inventories. MCX zinc dropped 0.02% as stocks surged 81.8% since January 24. The global zinc market saw a 52,900-mt deficit in November, down from October. Experts see support at Rs 269.1 and resistance at Rs 271.9. Meanwhile, Trump announced 25% tariffs on all steel and aluminium imports, adding uncertainty to metals markets.

Zinc prices declined last week across major markets, with LME zinc closing at $2,823.5/mt and MCX zinc falling to Rs. 269/kg. Demand has weakened, particularly during China’s New Year, while inventory levels remain a key factor. A narrowing global zinc deficit signals potential market shifts. The market is also awaiting clarity on U.S. tariff plans and upcoming policy decisions.

Zinc prices saw declines across major markets, with LME dropping by 1.68% and MCX by 1.6%. Trading volumes rose in LME and SHFE, but market volatility increased amid economic uncertainties and risk aversion. Zinc production in China rose, but the global deficit narrowed. The market faces pressure due to rising production and market uncertainty.