KZ Zinc Ingots (SHG) in Faridabad

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.

Zinc prices saw a slight rise across LME, SHFE, and MCX markets, supported by falling inventories and global supply disruptions. The global market deficit widened, with ILZSG revising its 2024 outlook to a 164,000-mt deficit due to reduced output and weak Chinese demand. Experts predict resistance at Rs 279.5, with potential for further gains.

Zinc prices saw minor declines across LME, SHFE, and MCX markets due to increased production and subdued demand. Although global refined zinc faced a deficit in October, production recovery and seasonal factors have kept prices under pressure. Experts anticipate price consolidation.

Zinc prices exhibited mixed trends across LME, SHFE, and MCX markets, influenced by fluctuating inventories, Chinese production trends, and global economic conditions. Refined zinc production saw modest gains in China but dropped significantly year-on-year. Experts highlight the importance of Chinese demand in shaping near-term trends.

Zinc prices have been on the rise, supported by falling LME stocks and positive sentiment surrounding Chinese economic stimulus measures. The market shows signs of tightness, with reduced inventories and short covering. Despite global production deficits, a stronger U.S. dollar and uncertainties surrounding U.S. tariffs have capped further gains.

Zinc prices showed mixed movements across global markets. LME saw a 1.33% increase, while SHFE and MCX saw minor declines. Global zinc markets are facing a supply deficit, and uncertainties, such as U.S. tariffs, are affecting investor sentiment. Additionally, refined zinc production in China showed growth, while stockpiling and inventory dynamics provided market support.